Lympo, a blockchain company that compensates people who exercise, has opened a shopping mall that allows consumers to purchase popular sporting goods from Nike, Adidas, and New Balance through its cryptocurrency called Lympo Token (LYM).
It gives 20% to those who purchase goods through LYM rather than dollars or euros.
Lympo Shop provides more than 100,000 popular products such as limited editions from Nike and others and guarantees one-week delivery to anywhere in the world. Consumers can purchase LYMs at cryptocurrency exchanges and purchase products from Lympo Shop through a similar method as making a deposit without a bankbook.
Lympo was once ranked number one in health field from Apple’s AppStore and GooglePlay when it launched a beta-version of an application in Lithuania that gives LYMs to those who achieve exercise missions. By opening Lympo Shop, it has established a foundation for providing sports blockchain services.
Lympo is planning to develop as a platform that is able to manage every exercise-related data that is spread out through many devices and applications and gives profits to those who provide their data to companies that want to read their data. Its plan is to provide opportunities for consumers to continue to exercise while earning profits and effective marketing channels to sports-related companies.
Staff Reporter Gil, Jaeshik | osolgil@etnews.com