Lympo is a blockchain startup that takes a new approach to user-generated health and wellbeing data management. It enables a fair and square exchange of fitness, health and wellness data generated by users. It also aims to establish a global ecosystem that rewards and empowers the user. In this article, as Kriptokoin.com, “What is Lympo?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is Lympo? What does LYM do?
Founded on the ETH Blockchain, Lympo aims to make the world a healthier place, especially by creating a fair user-generated health and fitness data ecosystem where individuals and companies can trade fair and square data using the Lympo Token (LYM). The main goal of Lympo is to create a marketplace where the collected data can be used efficiently and every ecosystem player is treated fairly.
How does Lympo work?
The LYM platform and its core components consist of ETH Blockchain and smart contracts, user community and different health and wellness services. It is also secured by the ETH Blockchain, which enables the exchange of value with Lympo utility Tokens. In particular, this means that all users have access to all data and previous transaction records created on the network. However, personal user data is not stored directly on the Blockchain itself.
Instead, it is kept on servers in the peer-to-peer network. The blockchain element essentially serves as the payment network and processing medium forcing data exchange. All on-chain and off-chain data is specifically secured using end-to-end encryption. User-generated data, smart health apps, wearables, and electronic fitness devices and centers. It can even be imported from a variety of devices, such as medical records. The Lympo ecosystem consists of 3 parts:
- Lympo digital wallet and reward mechanisms,
- lymph market,
- Lympo crowdfunding and investment platform.
What are the aims of the LYM platform?
LYM aims to disrupt the health and fitness data markets by:
- To reward users for reaching their health goals with cryptocurrencies.
- Putting user data controls back in the hands of users.
- To improve user privacy.
- Enabling data sharing.
- Bringing greater transparency to data collection processes for all stakeholders, including individuals, educators, healthcare organizations and research companies.
- To promote innovation in space.
What is Lympo? How to buy LYM?
Exchanges traded with LYM; Gate.io is KuCoin, HADAX, Ethfinex, CoinZest, Cobinhood, IDEX. These steps are followed to buy coins. First of all, access the web/mobile application of the exchange that lists the LYM you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. LYM can be exchanged with BTC, ETH, USTD trading pairs. As the last step, choose LYM with the balance amount you want and create a purchase order. Store it in your trusted accounts.
