Frequently Asked Questions

Our vision and product

1. What is Lympo?

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Lympo aims to create an ecosystem powered by user-generated and user-controlled fitness and wellness data allowing the exchange of value through the introduction of LYM utility tokens. Lympo’s goal is a marketplace where data itself is used efficiently by ecosystem members and everyone is rewarded fairly.

The ecosystem is composed of three main parts:

  1. The Lympo digital fitness wallet and user reward mechanisms;
  2. Lympo marketplace;
  3. Lympo crowdfunding and investment platform.


2. How does that work?

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The Lympo digital fitness wallet and user reward mechanism is at the core of the Lympo ecosystem. Lympo fitness wallet functions as an entry to the ecosystem and allows a user to create their profile, fill in their health data and connect it to their favourite sports and health tracking apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and can be viewed or shared by storing a permission on blockchain.

The rewards issued by market players interested in having direct access to Lympo digital fitness wallet users can be of two different types:

  1. A reward for achieving a healthy lifestyle goal, i.e. running 5 kilometres or following a precise diet and submitting app records to Lympo profile.
  2. A reward for checking into a particular location for a specified amount of time, i.e. joining a gym class or attending a karate competition.


3. Who is behind Lympo?

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Lympo is an existing business which started as a platform to find the best personal trainer or any sports coach near you in Lithuania www.lympo.lt. It quickly became the biggest sports platform in the country and unites 500+ sports professionals.

Lympo was named as one of the 2017 emerging tech stars in Central and Eastern Europe by Financial Times, Google and other partners of the New Europe 100 list: https://www.ft.com/content/10da5832-ce4b-11e7-9dbb-291a884dd8c6

The platform is currently expanding to US, California, www.lympo.com.  

Lympo team unites passionate entrepreneurs, sports and health professionals and tech talents. Lympo advisory team are experts in tech, marketing, cryptoeconomics, blockchain in healthcare and business and asset management.


4. What can I do with LYM token?

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LYM tokens will have 3 main functionalities on our platform:

  1. LYM tokens will be rewarded to our users who achieved their healthy lifestyle goals.

They can do so by submitting the data from a tracking app or by checking in to a particular location which has some token value like a training session in a gym.

  1. LYM tokens will be used to purchase healthy lifestyle goods and services.

We will start with an existing platform to find the best personal trainer and expand to including more partners. Check out our first ecosystem partners on our website!

  1. LYM tokens can be invested in new innovative fitness and wellness startups.

Lympo investment branch will list the best startups seeking crowdfunding which will be ranked and reviewed by our ecosystem members: people and businesses who know best what the industry really needs.


5. What is Lympo Blockchain for Sports Foundation?

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A part of the tokens reserved for the ecosystem empowerment will be allocated to Lympo Blockchain for Sports Foundation. The aim of this foundation is to support various sports events and initiatives around the world with the goal to promote Lympo fitness wallet and to encourage a healthy lifestyle.

The foundation board, composed of famous athletes, Lympo partners and leaders in sports communities from various countries, will oversee the foundation activities. Lympo token holders of at least 1,000,000 LYM (the amount will be adjusted in two years based on community vote) will be able to vote on funding proposals. The composition of the board and foundation governing principles will be announced before the Lympo token sale in the first quarter of 2018.


6. Where can I find your whitepaper?

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7. Where can I get more information about Lympo?

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You can find more information on our website www.lympo.io and in our Telegram channel https://t.me/lympo


8. Do you have any partnerships?

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Yes. Currently we have these partnerships. Smackway, www.smackway.com: a wholesale organic food commerce platform that aims to enable payments with LYM tokens in 2018. Gympro, www.gympro.com: a tool for fitness trainers to manage their clients, currently user by 3000+ trainers in Australia, New Zealand, US and UK. Gympro will be part of our services on the Lympo platform.


Token sale

9. When does the pre-sale and the token sale start?

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The pre-sale starts on January 23 at 12:00 London time GMT+1 and ends on February 3 23:59 London time (GMT+1) or when the hard cap is reached.

Token sale will take place in March.


10. How many LYM tokens will be released and what will they be used for?

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In total: 1,000,000,000 LYM tokens

Token distribution:

  • 10% Team and advisers
  • 3% pre-sale and token sale costs
  • 26.5% Lympo pre-sale
  • 38.5% Lympo tokensale
  • 22% Lympo ecosystem empowerment tokens & Blockchain for sports foundation

Team tokens will be locked for 24 months after the end of the token sale. Advisors’ tokens will be vested in 12 months.

Lympo ecosystem empowerment tokens will be locked and released in 3 years, i.e. 1/3 tokens made available in 2018; another 1/3 in 2019 and the rest 1/3 in 2020.


11. How many LYM tokens will be sold during the Lympo pre-sale and the token sale?

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265,000,000 LYM tokens will be sold during the pre-sale.

385,000,000 LYM tokens will be sold during the token sale


12. When will be the Lympo pre-sale and token sale considered successful?

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The Lympo pre-sale and token sale will be considered successful in case that at least 15% of all tokens allocated to the token sale, i.e. 97,500,000 will be exchanged for ETH.


13. Why are you doing a token sale?

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Lympo.io is conducting a token sale to make sure that Lympo digital fitness wallet and other ecosystem components reaches its users as soon as possible. This is how we plan to spend the tokens raised.


The use of token sale funds

40% research and development

30% sales and marketing

15% operations

15% network expansion


14. Which wallet should I use to purchase Lympo tokens LYM?

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Token holders can easily store and manage their LYM tokens using existing Ethereum clients, including the official Ethereum wallet, Mist, MyEtherWallet.com.

The following wallets are known to be compatible with Ethereum tokens (ERC-20 standard):

  • MyEtherWallet (no download needed)
  • MetaMask (Firefox and Chrome browser addon)
  • Mist (Desktop)
  • Parity (Desktop)
  • imToken (iPhone)
  •  imToken (Android)


15. I’m a US resident, can I participate?

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No, United States of America citizens cannot participate in the sale of  due to local regulations.

You can participate in Lympo tokensale if you are not a US citizen or don’t reside permanently in the United States, or you don’t have a permanent residence in countries such as Puerto Rico, the Virgin Islands, and other territories under the United States Control.

Our token LYMPO will be tradeable after the sale. Interested US participants could buy it on the secondary market.


16. I’m a China resident, can I participate?

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No Chinese residents cannot participate due to local regulations. Unless you are residing in Hongkong or Macao, you cannot buy LYM tokens in pre-sale and token sale.


17. Are the tokens instantly transferable or is there some kind of lockup period to them?

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Tokens become transferrable after the token sale has ended.