Why it’s essential to empower Lympo partners with LYM: an explanation
As is stated in the Lympo whitepaper, 22% of the total amount of LYM tokens is dedicated to the empowerment of the Lympo ecosystem. Now, what exactly does this mean?
In order for the Lympo ecosystem to function properly and achieve success, Lympo, as a company, is actively seeking partnerships in each relevant area: whether it’s gyms, sportswear shops or marathon events, our business model relies on partners to achieve our dream.
To empower the Lympo ecosystem participants, Lympo offers potential partners LYM tokens. This is necessary for a couple of reasons. First and foremost, our partners need an introduction to LYM to understand its purpose and how it functions. Furthermore, and this is also essential, they need LYM to test its implementation in their own internal system and business model.
For example, we would offer a sports supplement shop a trial of LYM, work out its use cases together according to the specific needs of the shop, help them integrate LYM in their IT, business, and marketing models and make sure that everything is running as smooth as possible.
After implementing LYM, our partners will use it to host challenges, offer Lympo users special discounts and other perks. This will ensure the circulation and healthy functioning of the LYM token.
A significant part of the 22% of Lympo ecosystem empowerment tokens will also be used by Lympo itself to host global challenges and reward its participants. These challenges will help Lympo establish ourselves as a global player faster than it would be possible otherwise.
The release of the Lympo ecosystem empowerment tokens is limited by three stages: one-third of the tokens is already available for release this year; another third will become accessible in 2019 and the rest in 2020.
Lympo is already in talks with some major potential partners in key markets and we are making great progress in shaping what will soon become the Lympo ecosystem.