The digital health market is exploding both in number of new companies and with the expected market size of $233.3 billion by 2020. Much of growth is predicted to come from the mobile health (mHealth) market. In 2016 alone, the estimated total number of mHealth apps increased 57%2. In that same year, the number mHealth app store downloads totalled 3.2 billion, with 52% of smartphone users gathering health-related information on their phone3. Most newer phones have inbuilt health-related data gathering capacities predicating this number to soar in the upcoming years.
What is Lympo
The Lympo app is a digital health and wellness wallet that tracks workout data via smartphones and wearables, rewarding users with Lympo tokens when they hit their fitness and mindfulness targets by utilizing blockchain technology.
Tokens awarded can be used to purchase health products and services.Watch Lympo Introduction VideoThe Lympo tokens earned for being healthy can be sold, transferred or used to buy more goods and services within the cryptocurrency ecosystem.Lympo users will be able to share and monetise their fitness and wellness data which we all track on our phones and wearables
Fitness is a broad term that means something different to each person, but it refers to your own optimal health and overall well-being. Being fit not only means physical health, but emotional and mental health, too. It defines every aspect of your health. Smart eating and active living are fundamental to fitness.
Fitness as a term is contextual. I would describe it as “being fit for taking on challenges set in front of you.” One should always be mentally fit and physically fit.
Being mentally fit is important for critical thinking in daily operations. Being physically fit is important so you are able to handle the physical challenges life puts in front of you, including but not limited too:
- Walking up stairs
- Moving house-hold items around
- Playing with your children
- Competing in sports
- Being able to do anything in life that brings you pleasure
- Watching your weight by eating healthy
- Gym and many more
Often times our doctors, employers, insurance firm will recommend fitness plan to keep us health or we might choose to do it as our daily routine been what we will love to do and track our progress and share it with friends. But How about getting paid sharing our fitness data? That’s what Lympo is out to achieve. Let’s take a look at Lympo.
The planned Lympo ecosystem is for the use of health fitness trainers, sports coaches, health and fitness app developers, health insurers, sports and wellness businesses, gyms, health and fitness startups, and investors. The ecosystem would allow one to harness, control, and sell personal health data in a P2P fashion, eliminating third-party control of personal health data and lack of compensation for the re-sale of such data.
Currently Lympo has no working product Although there is a claim that a MVP has been produced
Lympo have scheduled their ICO for the LYM token you can participate and join in the upcoming ICO