Vilnius, 16 February 2018: Health and wellness app Lympo¹ has raised US$5.5 million in its pre-sale, which is a strong indication of significant demand for the company’s ICO, which opens today.
The Lympo platform is gaining significant support from the health and fitness sector as well as the Blockchain community.
Lympo has signed a raft of strategic partnerships in recent weeks, including an arrangement with Blockchain payment systems company Pundi X, which allows buyers to purchase products directly with their Lympo tokens (LYM).
Lympo CEO and founder Ada Jonuse said
Lympo’s partnership with Pundi X give us access to point-of-sales technology. Cryptocurrency users will be able to shop online and at stores or gyms through a system, similar to PayPass.
The Lympo token sale starts on February 17 and will be processed through Eidoo’s ICO engine, after the companies formed a partnership earlier this week.
Through the Eidoo app, users will be able to purchase LYM tokens and receive LYM airdrops in the future.
Ms. Jonuse said:
Joining forces with Eidoo allows Lympo to reach more than 150,000 users, promoting our token sale effectively. The Eidoo wallet also gives purchasers the best user experience for managing their Lympo tokens.
Lympo is a Blockchain app that allows users to track their fitness and mindfulness activities and goals through smartphones and wearables. Users are rewarded with LYM for meeting milestones, which they can redeem on health products and services.
To promote the app, Lympo has been actively forming partnerships with elite sportspeople, including current World Champion discus thrower, Andrius Gudžius – named as a Lympo ambassador this week.
Lympo also recently invited fitness trainer and crypto millionaire Jordan Travers to become an ambassador and appointed poker player, politician and philanthropist Antanas Guoga (aka Tony G) as head of its Blockchain for Sports Foundation.
The Sports Foundation backs sporting events and initiatives to promote healthy living. Lympo users can put their tokens into the Sports Foundation, actively giving back to the fitness community.
Lympo is also creating awareness by sponsoring major sporting events, such as the world’s first ever Blockchain Marathon to be held in Lithuania in September.
All of the 15,000 marathon runners involved in the event will be given LYM tokens for participating.
Ms. Jonuse said:Lympo is working hard at building a strong group of famous athletes, sporting leaders and crypto users to help drive the success of the app. We are disrupting the fitness market by allowing people to connect with health industries directly through the use of cryptocurrency.
The Lympo token sale begins on February 17. More information can be found at
ABOUT THE LYMPO APP
Lympo is a health and wellness ecosystem, with a wallet that rewards users with Lympo tokens (LYM) for sharing and achieving their health goals. It is part of a Lympo ecosystem for health and wellness data sharing including all industry players: personal trainers, gyms, sports and wellness businesses and health insurances.
By tracking health-related data on smartphones and wearables, Lympo aims to build healthy lifestyles and grow the Lympo community. Tokens earned can be used to pay for fitness, wellness and other health-enhancing products and services.
When users sign up to the system, they will be able to aggregate and later monetize their health and sports data, allowing them to interact with health insurances, sports and wellness businesses and employers who want to encourage their staff to remain healthy.
ABOUT LYMPO BLOCKCHAIN FOR SPORTS FOUNDATION
The aim of the Lympo Blockchain for Sports Foundation is to support sporting events and initiatives around the world while promoting the Lympo app and encouraging healthy lifestyles.
Some of the Lympo tokens will be reserved for the Sports Foundation, which will be overseen by a board made up of famous athletes, Lympo partners, and leaders in sports communities from various countries.
Lympo token holders owning a considerable amount of tokens will be invited to vote on funding proposals.
ABOUT PUNDI X
Pundi X provides a point-of-sales system for retailers, allowing anyone who has cryptocurrencies to buy products through the Pundi X system. It is currently being rolled out across 12 countries.
Eidoo provides an ICO engine to cryptocurrency companies to sell their tokens through a mobile app that is both Android and IOS friendly. The app allows for a transparent, safe and quick token sales process.
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Ripple Prediction: XRP Could Reportedly Rally Against Bitcoin (BTC)
According to the latest reports, Ripple’s digital asset XRP could be soon rallying against Bitcoin.
The token’s price has formed major support near 0.0000900BTC against BTC. XRP seems to be preparing for an upside break above 0.0000920BTC and 0.0000950BTC in the near term
XRP price analysis
During the past few days, there have been range moves below 0.0000920BTC in the price of XRP against BTC.
XRP to BTC has reportedly declined a few points below the 0.0000910BTC and 0.0000900BTC levels, but downsides were limited, says Etehreumworldnews.
They conclude by saying that XRP is definitely getting ready “preparing for the next crucial break either above 0.0000920BTC or below the 0.0000885BTC support. The current price action is positive, suggesting high chances of an upside break above 0.0000920BTC. If not, XRP to BTC could break the 0.0000885BTC support and trade towards the 0.0000850BTC or 0.0000840BTC level in the near term.”
What’s in the cards for Ripple and XRP?
XRP forecast regarding the price for 2019 looks positive especially considering that the coin’s price is somehow related to Ripple, the company’s developments.
Back in September 2018, XRP was able to surge by 300% triggering massive excitement in the Ripple and XRP community.
Since then, Ripple’s products became adopted by more banks and financial institutions, and today, for instance, RippleNet include about 200 members.
Just recently, Euro Exim Bank flaunted the massive benefits of using Ripple’s xCurrent and xRapid:
“Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] building on its extensive technological capabilities and blockchain expertise in trading systems.”
Brad Garlinghouse said that more banks would be flipping the switch and starting to use XRP as well.
Are Bitcoin Tumblers Smart to Use or Do They Bring Unwanted Attention From Regulators
A bitcoin tumbler site that offers users untraceable cryptocurrency, BestMixer, could have tainted many wallets by giving them small amounts of BTC as gifts, a practice called crypto dusting.
According to a cryptocurrency security firm, Cypher Trace, if your wallet was among those that received the gift then you may be holding laundered coins. The company believes that, although BestMixer’s owners are compliant, they could have transacted with an alleged money launderer, without consent or knowledge.
According to the CEO of Cipher Trace, David Jevans, wallets that dealt with BestMixer could attract attention from relevant regulators. He also believes that anyone using a tumbler site could be suspected of questionable motives.
It All Started In October 2018
BestMixer began the promotional campaign in October 2018, whereby it set BTC to wallet addresses, adding a promotional message for their tumbler services. The amount sent was minuscule, and ranged between 666 and 888 satoshis.
BestMixer allows people to transact completely anonymously, enabling them to remain private when swiping funds with others. The funds are sourced from different pools, depending on the privacy level a person requires.
The tumbler site also perfects on a time delay in the intention of making it hard for blockchain analysts to trace transactions.
Cryptocurrency Payments No Longer Anonymous
Tracing cryptocurrency transactions used to be difficult, and lack of AML/KYC control made it difficult to link a person to their wallet addrc Be of this, criminals found an opportunity to use the mediuurm for their illicit activities; with platforms such as Silk Toad become more popular in the belief that bitcoin is untraceable.
After a Tumultuous 2018 for Crypto and the Birth of Stablecoins, Here is what to Expect in 2019
2018 was the year of the bear run and the stablecoin. So what does 2019 hold for the crypto world? While it is impossible to tell what exactly will happen in 2019, one can make a good guess. Here are the five likely scenarios that will play out in 2019 for crypto:
Tether Will Lose Traction
For years, there have been issues raised about how legit Tether is. Despite this, it has remained a popular stablecoin in the crypto world.
However, rival stablecoins such as Coinbase, Circle, and Gemini could offer a challenge. This will erode the monopoly that it has enjoyed in the past. Even if Tether does not shutter as Basis did at the end of 2018, it will most likely not be as dominant.
Facebook Will Mint The WhatsApp Crypto
Facebook has been interested in creating a payments platform for years. The effort started in 2014 when it poached David Marcus of PayPal.
Marcus became the head of messaging products at the company. However, he was picked to head the company’s blockchain project in 2018, which is still shrouded in mystery. Recent reports indicate that he might launch a WhatsApp-based remittance service in India. After a rough period in 2018, the company could use a win in 2019.
The Regulators Will Go After Big Fish
The SEC will take on the major players in crypto in 2019. For instance, it might decide that XRP is unregistered security.
If that happens, Ripple could be hit with huge fines. It might also decide to shut down an exchange for not adhering to anti-money laundering laws. Besides that, celebrities who have used their star power to pump ICs might be in trouble.
The Bitcoin ETF Gets Approved
As the crypto world evolves, it could help the stage for a BTC traded fund also called an ETF. After the bubble burst, investors that are more reasonable are joining the crypto world.
Right now, a firm called Bakkt, created by those behind the NYSE wants to launch a BTC futures market. This could help to improve liquidity in the crypto world. Thus far, it is known that an SEC commission is seeking to have the BTC ETF approved. Before that, a VanEck might or might not be approved next month. It is worth noting how that works out.
The Bear Run Persists
The crypto world has been in a bear run since they reached a high in 2017. Right now, various factors such as volatility in the equity market, a possible economic recession, and global geopolitics might reduce appetite for crypto assets for now.
However, there is a bit of disagreement on this. Some experts believe that prices might bounce back soon. Others believe that crypto prices have not hit their low yet.
There is a lot of agreement and disagreement over whether these predictions will happen. However, there is quite good evidence to support them if you look at the crypto world right now. It is also worth noting that this is a young industry and anything is possible.