There are some astonishing examples of user generated data powering useful tools today. Google collects precise location and calibration data from 500m smartphones and is able to tell you, in real time, what the traffic is like on your commute. Spotify is incredibly good at suggesting new music to its users through a series of carefully constructed algorithms that construct views on your musical taste. Amazon uses data from hundreds of millions of deliveries to make sure that your package gets to you even quicker.
The collection of our data has become an obsession for every company. The end result is that every organisation you interact with has a rough caricature of your life, able to make educated guesses about what you'll like or do next. We should stop and think whether this is truly in our best interests.
Data is an asset class of its own. Its a commodity, and it has value. But the average person never sees that value. One of the most exciting applications of blockchain technology is ventures that are allowing users to monetise the data they produce, facilitating a free-flow of information that the user has ultimate control over through smart contracts.
Lympo gives you power over your Health data
The wearable health space is exploding, with over 50% of smart phone owners using their devices to record health-related data. Healthy living is more popular than ever and people are eager to track their lifestyles and habits. Lympo provides a platform for rewarding healthy living.
A wallet to help you track your activity
The first key component is the Lympo Wallet. A user creates their profile and is able to claim rewards for healthy lifestyle activities, for instance checking into a gym for a certain amount of time or completing a 10km run. Their reward? Lympo tokens, which can be redeemed for a variety of health related rewards.
But the best aspect of the Lympo wallet is its interoperability. It will connect to your existing healths apps and collect the data for you- no need to delete your favourite running app!
A marketplace to make your tokens and data work for you
Your LYM tokens will find a use with the Lympo marketplace, where you'll be able to buy online or offline training sessions with personal trainers, consultations with dieticians or physicians and, as more organisations sign up, sports equipment and clothes.
Later on down the road, Lympo will allow its users to share their health data with other organisations. Reversing the mechanisms for how data flows to organisations at the moment, Lympo users will be able to decide who they want to share their data with. Instead of your data being siphoned off without any of the rewards passing to you, you'll be rewarded with LYM tokens for opening your data up.
LYM for investing
Lympo will also operate a crowdfunding platform, allowing LYM holders to invest in early stage health start ups. This has fantastic benefits for the investor and the company itself. For individual LYM holders, they get a share in exciting and growing health ventures. For the startups themselves, a ready-made data goldmine of user activity, that helps to put them ahead of the game by tapping user data before achieving widespread usage of their tools and services.
So, to recap...
- Earn LYM tokens for exercising and healthy living, all while tracking your own healthy activities through your favourite apps
- Exhange those tokens for tools and services to further improve your health.
- Send your data to work and earn LYM for doing it.
- Invest LYM in exciting new ventures and share in their development.
How do I get it?
Lympo's pre-sale is in full swing right now, with their soft cap reached just earlier today. There is just over one week remaining at time of writing if full supply is exhausted. You can buy 40 LYM for 1 ETH.
Want to know more?
Website
White paper
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