Lympo (LYM): The number of blockchain companies offering ICOs has exponentially grown since 2016 when the industry started gaining massive attention. This came along with Ethereum’s smart contract platform that allowed users to create their own decentralized applications and offer public sales of their ERC20 tokens. The field has grown since then making it difficult to choose genuine projects from scams and fraudulent ICOs. How does Lympo rank, legit or scam?
Healthcare exercising is one of the most challenging activity for most of the people, as keeping up with daily routines, eating healthy and training takes a toll. With the right motivation, these daily drills will no longer be a bother to you as Lympo Network aims at monetizing your healthy exercise and training.
How Lympo aims to revolutionize fitness and wellness
Lympo (LYM) a network looking to revolutionize your daily healthy lifestyle by monetizing your daily exercises. Through Lympo, users can collect anonymous data from the decentralized network and use it for their own analysis cutting out the scrupulous centralized nature of data collection currently. This will allow the users to not only analyze their own data but the data of the community through purchase using LYM tokens.
Lympo’s MVP ecosystem allows professional counsel by allowing established corporations (if you authorize) to access and analyze data hence making training and healthy exercising simpler. Looking at the bigger picture, gyms and fitness centers around the world can connect to the system making it a one stop shop for all health fitness issues to the user.
Lympo Network also allows data driven companies (especially in health) to raise capital crowdfunding on the platform. This is done to motivate innovation on the platform and networking on the platform.
The LYM token
The token sale of LYM ended on February 28, 2018 with a total of $16,857,899 USD raised surpassing the targeted $12.7 million. A LYM token was retailing at a price of 0.00003 ETH (around $0.0217 USD) per token as 1 billion LYM tokens were released during the public sale. The pre-sale saw a total of 5.5 million tokens disbursed with 20% bonus on the price.
Lympo (LYM) has seen a rapid appreciation in price since inception as the whole market had an intermediate bullish trend at the start of April. Since the start of May, the bullish momentum seems to have slowed as the total market capitalization dropped below the $450 billion USD mark this Monday. However, LYM has seen its price soar by 20% in the last 24 hours to hit $0.0833. The token hit an all-time high of $0.09082 USD last Saturday leaving investors wanting more of the same this week.
The LYM token also traded its highest daily volumes across the four exchanges its listed this Monday, May 7, 2018. The $10.6 million USD worth of LYM represented a 10X (1000%) growth in trading volume with the daily RSI oscillating between 33% and 45% during the day showing a strong willingness to sell by investors.
Lympo (LYM) offers a promising proposition to the world of health fitnesss and training, but the overall execution of the project is not yet satisfactory. However, given the LYM network is only 2 months old since the launch future partnerships and developments will definitely push the token towards the $1 mark.