Lympo Lightpaper
  • Lympo ecosystem lightpaper
  • GameFi: dawn of a new era
  • Overview of Lympo tokens and platform
  • Lympo ecosystem
    • Lympo NFTs
    • Lympo NFT minting platform
    • Lympo NFT staking platform
    • Lympo Star tokens
    • Lympo metaverse integration
    • Upcoming Lympo games
  • Lympo tokens, utility and token economy
    • SPORT token utility
      • NFT minting
      • NFT staking
      • Governance
      • Lympo games
    • SPORT token economy
      • Tokenomics
      • Token release schedule
      • Smart contract
      • Earning SPORT token
    • LMT token utility
      • Lympo games
    • LMT token economy
      • Tokenomics
      • Smart contract
    • LYM token utility
    • LYM token metrics
  • About
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  1. Lympo tokens, utility and token economy

LYM token utility

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Last updated 1 year ago

Initially released in 2018, the LYM token aimed to power a health data marketplace, rewarding users for gathering their health data from various data sources like apps and allowing data buyers to directly access and reward users for their collected data. In March 2021, Lympo pivoted to become a GameFi company specializing in sports-themed NFTs by acquiring the IP rights of famous sports stars and releasing NFT-driven products. LYM token holders were offered to exchange their LYM tokens for a new utility token LMT which was meant to give access to various new Lympo products. The utility of the LYM token has therefore ceased to exist in its original form.