Lympo, a blockchain based company in the field of gamifying fitness and motivating people to exercise by issuing crypto token rewards, is presenting a new marketing method intended for the fitness industry.
The tokens are rewarded for completing workout challenges, users will be paid through the Lympo app. Lympo aims to encourage healthy living around the world by rewarding people for exercising and leading more active lives.
The launch of Lympo’s new app will happen in the U.S. next month during an event, featuring the Dallas Mavericks – an NBA team from Dallas, Texas, U.S. The app, called Lympo Run, allows users to earn money for completing simple walking or running challenges. The rewards are issued in the form of LYM crypto tokens, which hold real monetary value and can be used to buy sporting goods in Lympo Shop, without ever leaving the app.
On October 30th, the company already revealed a new type of marketing tool, intended for gyms, personal trainers, sporting goods shops and other participants in the health and fitness market.
Lympo is offering a service, in which a gym chain, for example, would increase its brand awareness by hosting sponsored challenges on Lympo Run. The bigger the LYM reward the gym chain decides to issue for completing a sponsored challenge, the more attention it would attract from the Lympo user base.
“This is a new paradigm in marketing. Instead of paying large sums of money to traditional marketing providers, businesses can now instead distribute that same money to everyday people seeking to live a more active life, at the same time increasing their brand awareness and proving their social responsibility,” – said Lympo Chief Marketing Officer Gintautas Nekrosius.
Essentially, Lympo creates a beneficial situation for each platform participant – users can monetize their fitness activities via the LYM token, and the businesses purchasing sponsored challenges receive valuable access to a tech-savvy global community, passionate about healthy living.
Accordingto Lympo CEO Ada Jonuse, Lympo’s long-term goal is to become a central community hub for all things fitness: “The health and fitness industry needs its own Uber and this is what we’re striving to become, step by step. In the future, in addition to earning money for living a more active life, Lympo Run users will also be able to easily find and communicate with a personal coach and access a trove of information on sports, health and living an active lifestyle.”
- ConsenSys and WWF Panda Labs Team up on Project Impactio To Drive and Fund Social Innovation - 2 October 2019
- Codebase focusing Investments on Cannabis sector and Blockchain Ventures - 28 July 2019
- Canadian City Council Enters Agreement with Coinberry to Accept Bitcoin for Tax Payments - 19 July 2019