Lympo tokenized shares: join the exclusive club of LYM holders

Lympo
Jul 31, 2018 · 2 min read

One of the main goals for Lympo is to build a strong community of supporters who would benefit greatly from being a part of it. Ultimately, we strive to change the crypto space into something much more transparent, democratic, and community-driven and there is no better way to do it than leading by example.

Today, we are proud to finally present Lympo tokenized shares. As announced in June, everyone who holds at least 10,000 LYM tokens and to become a Lympo shareholder, will receive tokenized Lympo utility shares by the end of this year. What are tokenized shares and why did we choose this approach?

As many of you may already know, crypto companies are under increasingly tight scrutiny by regulators around the world. Our lawyers have worked tirelessly to come up with a model which will not harm Lympo‘s position in exchanges, the classification of LYM as a utility token and, most importantly, our business model.

Tokenized shares is a novel and innovative approach to not only enable greater participation in company matters for our biggest supporters, but to also offer them exclusive real world benefits.

Lympo will release a separate special Ethereum token which will represent the ownership of LYM. Owners of Lympo tokenized shares will be entitled to voting rights on future business decisions, exclusive benefits, access to perks, offered by partners and more.

How to receive your tokenized Lympo shares?

  1. You need to hold at least 10,000 LYM in a single ERC-20 wallet
  2. Register as a holder
  3. Do a KYC (know-your-customer) using

On August 15, 2018, we will log all registered LYM holders with upwards of 10,000 LYM in a single wallet. From that moment on, in order to receive Lympo tokenized shares, you will have to hold that amount in your wallet without breaks.

The tokenized shares will only be issued to LYM holders who have held their LYM in a specified wallet address until the moment they receive the tokenized shares. These shares will be directly tied to LYM ownership via an Ethereum smart contract, so ownership at all times will be a necessary condition in order to keep the shares.

More details on the exclusive benefits for major LYM holders will follow.

Lympo Business Blog

Lympo's mission is to make the world healthier by incentivizing people to exercise and be active. We reward our app users for finishing various fitness related challenges with LYM utility tokens, which can be exchanged for sports and wellness products, provided by our partners.

Lympo

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Lympo

Lympo is making the world healthier by rewarding people for exercising and leading healthier lives.

Lympo Business Blog

Lympo's mission is to make the world healthier by incentivizing people to exercise and be active. We reward our app users for finishing various fitness related challenges with LYM utility tokens, which can be exchanged for sports and wellness products, provided by our partners.