Technology allows us to make our world and our lives better, today I want to share with you an excellent example of this.
Imagine a world in which every person in the planet has the possibility of being rewarded by freely doing the activities that are more enjoyable, imagine a world in which there are entire platforms and systems, specifically designed to scale and allow millions of people to simply do the activities they like, share the information about said activity, and receive rewards just for doing this?
Well, now thanks to blockchain technology, and the Lympo team, this is possible for the sports and healthy lifestyle fans! And the timing for this project is totally spot on, since thanks to how things are in modern society, a lot of people tend to neglect everything related with physical activity, witch results in serious issues like the obesity rates being at an all time high!. The people clearly need something to motivate them and leave their sedentary lives behind them once and for all, and what better way to motivate them than offering rewards for their activity?
Now, we all know the health industry can be a little bit messy when it comes to handling the information of every single individual for later analysis, and when it comes to actually interacting in real time with a community things turn even more difficult because there are no way of easily share this type of information, and neither there is a built-in system to engage with other similar like-minded individuals in order to create challenges between people that can reward every single participant of those challenges.
Enter Lympo.
Lympo is a new platform for handling and monetizing information about health, sports and fitness, where the information is controlled by the user itself, and thanks to blockchain technology, those same users are also rewarded for engaging with the platform in the form of doing physical activities, and as already mentioned, sharing the information they can gather about themselves.
How can people with a healthy lifestyle earn rewards?
The easiest way to understanding is by watching this sort 3 minutes video, where the Lympo team explains everything in detail.
But in short, users can earn rewards using these 3 ways:
Business can offer rewards to users for going to certain specific locations, like a Gym or a place specialized in healthy food.
Gyms, and trainers in general, can set tasks or challenges so that users can participate in them if they want, and once the information about said task or challenge is shared in the blockchain the users receive rewards.
Insurance companies can also participate and rewards users for taking certain healthy actions.
All those rewards are in the form of the Lym token that when received, are stored in the Lympo digital wallet, and from there they that can be used to buy goods and services in Lympo’s built-in market, besides, they can also be traded in exchanges like Gate.io, which by the way, is a top 30 exchange.
The impact this project can have is huge, because by being able to reward users with tokens, they will be much more incentivized to keep doing activities and sharing their information, which can then increase the amount of people involved in a healthy lifestyle, which with means more people exercising regularly, more people eating healthy, more people going to the gym, and more people living a better life in general.
The health industry could increase exponentially if more people simply decided it was worth it to lead a healthy lifestyle, and Lympo can easily help with this, in fact, it is designed to help with this.
Lympo is giving away 20% of shares to their token holders
This is actually something unprecedented, the fact they are giving shares of the company to token holders and really proves the level of compromise and confidence they have with the community.
For a token holder to receive shares would mean without any doubt an increase in the retention rate and will probably also increase the level of engagement those users have with the platform, if they feel the information they are sharing about their exercises is appreciated, they will surely start to share even more information, doing more activities, and of course, receiving more tokens, creating a positive and healthy cycle in which everyone who decides to participate can win something.
What type of physical places should adopt and implement Lympo?
Well, in my opinion every place that is related to a healthy lifestyle should implement this technology. Let’s see some specific cases:
A gym could inform their customers about the rewards system, and motivate them to come more to the gym and do more activities while in there. Every person who experiences good results in the gym tend to come back for more, and usually the people that don’t return to the gym is because they didn’t really engage with the trainers, and weren’t able to achieve the results they wanted. Now, with Lympo, people will have a new and more powerful reason to keep going to the gym and working out.
Healthy living stores should also implement this technology, and offer some of their product and services in Lympo’s marketplace, this would cause their customer base to grown as more and more people starts using Lympo. Being one of the first stores using Lympo will clearly be an advantage and the popularity of said store would end up increasing by a lot.
Insurance companies could reward certain high risk customers that don’t necessarily lead a healthy life, for starting to do some workout, reducing the risk of things like heart attacks in those high risk customers, this way, everyone involved ends up winning!
All of this is a complete paradigm shift, because traditionally, people needed to really invest part of their money and time to start leading healthy lifestyles, the reward was simply to achieve a better life with better health, as simple as that, and perhaps this is not enough for some individuals that are only looking to earn money without really caring about their health. But now that everyone have the opportunity to receive tokens that allow to purchase goods, services and can besides be traded, much more people will decide to jump on the healthy lifestyle bandwagon! The motivation to start working out will be now much more tangible, and the proliferation of healthy lifestyle’s enthusiasts will be only increase over time.
If you wanna know more about this project, I invite you to visit their website.
If you wanna know more about how this blockchain project works, please feel free to check their whitepaper.
For some informative videos, please visit their youtube page.
And if you want to ask me any question about this project, feel free to leave a comment below.
This is my entry for the contest created by @originalworks that can be found here
lympo2018