LYMPO: EARTH SHAKING ECOSYSTEM OF WELLNESS AND SPORTS DATA
INTRODUCTION
The Mobile Health and Sports Data: A Rather Sick Industry
The mobile wellness and sports data industry is in desperate need of a figurative surgical
and clinical attention. Why so? Well, in 2016 alone, the estimated total number of mobile health apps increased 57 per cent leading to a staggering 3.2 billion app store downloads.
It is on record that 52 per cent of mobile phone users gather health-related information
(on fitness, weight loss, exercise, women’s health, sleep, medication, etc) using their mobile phone, leading to a significant increase in the sports and wellness sector, an increase of 90 billion dollars from 2005 as against 46 billion dollars prior to 2005.
The diagram representation below show in percentages what people are gathering.
United States, mobile-health apps, 2015, %
0 20
40 60 80 100
FITNESS
LIFESTYLE AND STRESS
DIET AND NUTRITION
DISEASE- SPECIFIC
OTHER
WELLNESS
DISEASE AND TREATMENT
SOURCE: IMS HEALTH
economist.com
WOMEN’S HEALTH AND PREGNANCY
MEDICATION REMINDERS
HEALTH-CARE PROVIDERS
1 Global digital health market from 2015 to 2020, Statista,
https://www.statista.com/statistics/387867/value-of-worldwide-digital-health-market-forecast-by-segment/
2 The mHealth app market is getting crowded reaching the 259.000 apps, Ticbiomed,
https://www.ticbiomed.org/2016/10/13/the-mhealth-appmarket is-getting-crowded-reaching-the-259-000-apps/
3 Is Mobile Healthcare the Future, Greatcall, http://www.greatcall.com/greatcall/p/is-mobile-health-care-the-future-infographic.aspx?clickid=Vvj2G71CQzdyW2DVJSTXHW3XUkhV4pyzBRQvTI0&irpid=10078&utm_medium=a liate&utm_source=Skimbit%20Lt d.&AG=BVA
4 mHealth Solutions Market - Global Forecast to 2020, Markets & Markets, http://www.marketsandmarkets.com/PressReleases/mhealth-apps-and-solutions.asp
Why, then, is the industry ‘sick’? Well, the data which users track every day, sadly, remains confined by a single provider or a small network of partners. Hence, the unlimited number of users has no way of sharing these data – something that could improve people’s health significantly. This is because although the world has become a ‘global village’, there is no cross-platform fitness and wellness data exchange platform which could provide infinite opportunities for all key players in this market: personal trainers, gyms, sports apparel and healthy food producers, health insurance companies, etc. In a nutshell, health and wellness market lacks connectivity.
Other challenges
According to the World Economic Forum in 2011, personal data is an asset. Of course among all data classes health-related data is like a gold mine, a most valued and expensive asset. As it stands, our personal data is not our personal asset. This is partly because the companies whose products we are using are busy collecting our data and generating profits from it. The user generating this ‘goldmine’ data cannot aggregate, share and earn money from it. Moreover, since there is no platform that connects all the major players, the industry cannot unlock its full potential for the benefit of all humanity.
There is another big concern for users. A study in the Journal of the American Medical Association finds that “many health apps may be sharing patients’ health data without their knowledge. In a nutshell, we are not the owners of one of the most valuable assets we have, our health-related data, although we constantly gather this data voluntarily or involuntarily.
That is not all. The market in the mHealth sector is horribly segmented. Most apps focus on one specific area, while each of the providers gathers only very specific information, thus lacking an overall picture. There is never any reward mechanism for a user to transfer data from one app provider to another. These challenges make it difficult for a user to have all generated data in one place. While such a data set would be very valuable for getting feedback from sports or mindfulness coach, physical therapist and even a general practitioner, it remains scattered among a variety of apps and devices.
CAN BLOCKCHAIN ADDRESS THE BIGGEST FITNESS/WELLNESS DATA MANAGEMENT PROBLEMS?
The answer is yes! How? Registering permissions to access patient-generated data on blockchain, users are empowered to control who can access their data, and under which conditions along with other functionality thereby fulfilling data protection regulation standards. This functionality enables individuals to be the owners of their precious data asset – data that might have been generated from information originating from a variety of data sources, ranging from electronic medical records provided by hospitals, clinics and doctors, to fitness/wellness data generated by mHealth apps and wearables.
LYMPO: THE ULTIMATE SOLUTION, MONETIZING SPORTS AND HEALTH DATA VIA BLOCKCHAIN
Lympo is the only platform in the world having a robust plan for an ecosystem that could be vital in the healthy lifestyle ecosystem. This ecosystem is powered user-generated and user controlled health and sports data allowing data exchange/sharing through utility tokens. Lympo is a giant marketplace where everyone sharing data is rewarded fairly – an innovation that is first of its kind.
MONETIZING DATA IN THE MARKETPLACE: HOW?
Lympo platform enable users to spend tokens to receive further healthy lifestyle goods and services and make in-platform purchases. The marketplace, offers a variety of ways to do so:
· Getting premium features in the Lympo platform. E.g.:
Ø A personal trainer can buy enhanced profile options and more exposure for their listing.
Ø A user can purchase more options for their health and sports data storage on the Lympo platform, like reminders and health advice based on the data submitted.
· Everyone owning tokens will receive discounts and products offered by our partners: sports and wellness businesses, healthy food and supplement providers, etc.
· Businesses use tokens to pay for listing their products and services on the platform.
Eventually, the user-generated data marketplace will become a center of businesses for health insurances, research institutions, and big data companies within and outside of the sports and wellness industry that are interested in accessing the data of Lympo digital wallet users. The users will earn tokens by doing so.
LYMPO CROWDFUNDING: OUR INVESTORS’ WIN/WIN PLATFORM
The third arm of the Lympo ecosystem is a crowdfunding and investment platform which enabes LYM token holders to invest in the most potential fitness/wellness/health start-ups. LYM token holders will be able to receive company shares for the tokens contributed. The unique value proposition of this crowdfunding platform is include Public reviews and ratings by sports and wellness market players, and access to data of a big user base enabled by LYM tokens, etc.
LYMPO TEAM: A CAUSE FOR CONFIDENCE
· ADA JONUŠĖ: CEO AND FOUNDER. Co-founder of Lympo.lt, a platform to find the best personal trainers, advisor to ETHLend, a decentralized lending platform, blockchain events speaker and organiser, named an emerging European tech star by the Financial Times, Google and other New Europe 100 list partners. Previous experience: VC Labas Ventures (Seattle, U.S.), European Parliament, United Nations. Sports: yoga, running.
· PAT BROWN: SOLUTION ARCHITECT. Blockchain and business automation expert with 2+ years of experience at Asta, a leading End-To-End professional managed IT service provider to the SMB market in Australia, New Zealand, Hong Kong & Singapore. Pat joined Asta in Melbourne, Australia, after this studies in business, management and information systems.
· MARIOS SILENKIS:HEAD OF OPERATIONS. Founder of AnyIdeas – IT and creative advertising agency. IT project manager with 5+ years of digital project management experience working with clients such as Mercedes-Benz, Newsec, and GCube. Key areas of expertise: IT team management, exceptional taste and understanding of modern design, advanced programming skills in several languages. Sports: fitness
· JUSTAS KREGZDE, SMART CONTRACT LEAD. Online gaming software developer with 12+ years experience. An author & contributor to 10 published iOS and Android games. 3+ years experience as an online poker software developer. Over the last year, he has been focusing on blockchain related projects & smart contracts.
· KAROLINE VON TSCHURTSCHENTHALER: LEGAL AND OPERATIONS. Attorney, strategist and blockchain advocate, Karoline holds a Business Law M.A. from London School of Economics and specialises in IP/IT law. 3+ years of consulting experience for start-ups in legal and business matters focusing on tax structures, business strategy, global expansion. Sports: certified yoga teacher.
· A host of many other professionals to numerous to mention
TOKEN SALES
Total Token Supply
· 1.000.000.000 LYM
· Total hard cap: 14.625 ETH= 650 min. LYM
· Soft cap 15%
PRESALE
· 265 mln. LYM = 5000 ETH
· 20% bonus for 90 mln. LYM 1 ETH = 60.000 LYM
· The rest 175 mln. LYM 1 ETH = 50.000 LYM
· Date: January 23 — February 3 (or as long as supply lasts)
TOKEN SALE
· 385 mln. LYM = 9625 ETH
· 1 ETH = 40.000 LYM
· Date: February 17 — February 28 (or as long as supply lasts)
Website: http://lympo.io/
Telegram: https://t.me/lympo
Author by: thiokoentjoan123
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