Q&A with Lympo CEO Ada Jonuse Highlights
On July 10th Q&A session with Lympo CEO Ada Jonuse took place on our Telegram channel. There were a lot of interesting questions from our followers, so here is the highlights from the Q&A:
Lympo app users related questions
Q: Ada when you say accelerated growth, in terms of numbers what is that?
A: We believe that we can easily reach 1M users in the upcoming months. Our CMO @GintautasN agrees!
Q: How many users of the Lympo app currently?
A: Almost 200k. And this is accelerating really fast. About 1/3 of our users come via digital advertising, 1/3 find us organically which is really really cool and the rest are invited by their friends via Lympo referral links! A few people asked to see the numbers live and we might have a solution for this in the future.
SAMSUNG Blockchain Wallet Announcement
Q: What can you say about the recent announcement made in relation to the ability to transfer LYM from the app to Samsung Blockchain Wallet?
A: Today is the day when we are very proud that our app users from now on will be able to transfer their earned tokens to the Samsung Blockchain Wallet and exchange it to fiat money. It is a huge achievement for us and we worked very hard to make this happen. Samsung Blockchain Wallet is pre-installed on S10, S10+ and we are among the listed DApps on it.
On another note, our users can already use the data from Samsung Health app to finish challenges. And Samsung Health is connected to Samsung wearables, so this is already happening :)
LYM Token
Q: Do you plan to make your own blockchain, stay on eth or migrate to someone faster?
A: At the moment, we stay with what we have, but we are closely following a few promising projects that we might cooperate with in the future
Q: Do you have a plan of being listed on Binance or Upbit?
A: We would definitely love to get listed on these exchanges and we are working to make this happen. Gate.io, Kucoin, and Ethfinex are some of the major exchanges where LYM token is already listed.
Q: We usually talk about the “problem” of having a dynamic lympo price in exchanges and at the same time being stable in the app, at 0.01 USD. Will it continue like that or can you explain how this will work in the near future?
A: I understand. We kept the price at 0.01 USD as this was based on the average price over a longer period of time. We plan to move to LYM only economy on the app, so the price will be adjusted automatically.
Lympo app (general questions)
Q: Why is Lympo app called a “DApp”? If it is a real DApp it shouldn't be blocked in most of the countries.
A: I know. We would like to add more countries and this will happen in the future. In every country we have to play along with the national regulations, adapt the Terms and Conditions, prepare a targeted national marketing campaign, find new business partners and so on. We plan to scale a lot, but this has to be very well prepared to make it a success. We are currently aiming at English speaking countries in priority (Canada, UK, Australia…) maybe some of these countries will have access to the Lympo app before the end of the year, but this is not 100% confirmed at this point. Europe is our next goal but might take a little until we can launch here.
Q: Any plans on squats integration or other types of fitness exercises?
A: This is absolutely in our pipeline, for example, biking is very high on our priority list. I cannot give you the dates yet, but we work to integrate more data types, squats amongst them.
Q: With the current news, can we expect an update on the roadmap anytime soon?
A: We will do a roadmap update end of August!
Q: What will be your main revenue streams?
A: Advertising technology (people watching incentives ads), marketing campaigns (sponsored challenges) and Lympo corporate wellness solutions (a solution for companies to inspire their employees to be healthier). This is short term. Long term vision is a data marketplace where Lympo users get rewarded for their data directly by businesses
Thank you all for being a part of our active community! If you have any unanswered questions feel free to join our group on Telegram and our managers will be happy to help.
