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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More Bitcoin ATMs are being introduced by LibertyX as interest grows
- The company behind first launching Bitcoin ATMs in the United States, LibertyX to introduce more.
- LibertyX have announced they will add another 90 ATMs to its network.
LibertyX, the firm that launched the first Bitcoin (BTC) automated teller machine (ATM), in the United States, will be adding 90 new machines to its network.
The Boston-based firm will be partnering with independent ATM operator DesertATM, as part of the network expansion, as detailed within a report by global ATM market publication ATMmarketplace on July 18.
DesertATM will be uploading LibertyX on 90 of its Genmega ATMs to facilitate Bitcoin operations. In terms of the new Bitcoin ATM locations, these will be placed at; gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores, as per the press release notes.
Bitcoin not yet banned in India, regulations around the corner
- The Minister of State to the Ministry of Finance told the upper house of the Indian Parliament, cryptos are not banned yet.
- The Minister, Anurag Singh Thakur, also stressed the need of creating a solution that caters to global regulators.
As per Anurag Singh Thakur, the Minister of State to the Ministry of Finance, holding or trading cryptocurrencies is not banned in India. During an address to the upper house of the Indian Parliament, Thakur stated that the Reserve Bank of India and the Ministry of Finance have issued notices regarding the use of Bitcoin and other similar coins:
“Presently, there is no separate law for dealing with issues relating to cryptocurrencies. Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”
The Minister’s response followed a recent report regarding an alleged crypto blanket ban draft which stated that the government would sentence crypto traders with a ten-year imprisonment.
In a separate letter addressed to the Ministry of Corporate Affairs, Thakur stated that an interministerial committee needs to create a solution that caters to global regulators:
“It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorizing any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”
Bitcoin price prediction: BTC/USD faces two healthy resistance levels on path back to $11,000
- BTC/USD is currently trading around $10,545.
- The two resistance levels are at $10,575 and $10,700.
BTC/USD had a bearish Friday where the price fell from $10,660 to $10,540. Bitcoin managed to have a bullish start to this Saturday and is currently trading for $10,545. The daily confluence detector shows two moderate-strong resistance levels at $10,575 and $10,700. On the downside, there are two support levels of note at $10,500 and $10,375.
BTC/USD daily confluence detector
The $10,575 resistance level has the 1-week Fibonacci 61.8% retracement level, while the $10,700 has the most substantial resistance level but no confluences has been detected. On the downside, the $10,500 support level has the 100-day simple moving average (SMA 100) and the 1-hour previous low. The $10,375 level possesses the 1-day Fibonacci 38.2% retracement level.