Lympo (LYM) Interview: Can Blockchain make me Healthy?

Hey everyone, I'm here with Ada, the CEO and co-founder of Limpol. And this is the one, the project that challenged me to lose 10% weight. And I dragged Tony G in this as well. So Ada, can you tell me a little bit about Limpol? Hi, yes, of course. So Limpol is building an app that motivates people to exercise and be healthy. And how do we do that? You get rewards in crypto, in Limp tokens. And you can spend them on our platform buying further healthy lifestyle goods or services. Or cashing out and exchanging them to Euros or Dollars. So it's like a token for a healthy token, right? Yeah, Fitness Bitcoin. Awesome. That's a lot of pressure on me. But why do you want to create some app like this? What is the motivation behind it? We believe at Limpol that, you know, sometimes this internal motivation that we have to be healthy is not exactly enough. So you just need some kind of external push. And getting rewards that you can either cash out or spend on, you know, getting more stuff, new running shoes or a T-shirt for your gym. That can be a factor that will make this a little change and actually end up in motivating more people, inspiring more people to be healthy. Exactly. The moment you said that, you know, I kind of made a New Year resolution to lose weight. But I think I've been gaining weight since the New Year. So, yeah, having an external motivation, I think, really helps. So this is what is going to keep me honest. And now it's been pushed on. And so the idea is for everyone to have the same experience, to have a currency to get fitter. Exactly. And then, you know, the next question is, what does help you to get fitter? And we believe that it's really good to train with a personal trainer. Right. So on top of that and the Limpol app, you're going to be able to find the best personal trainer for you. Right. The best personal trainer in your area. And you will not be able to run away from him or her. Because they'll be able to arrive to your home, to your office. Right. Or maybe you can meet up in a gym. Then you're traveling, right? And that's always a good excuse to kind of, oh, I'm on a trip now on holidays. I can have an access to my gym. But, hey, there are trainers all around you, all around the world. And you will be able to just find them, connect with them, and train together. So it's like it's an app that keeps track of our fitness data. And then you combine that with finding a personal trainer. Exactly. I think that just telling that you'll be able to track your results with kind of any app that you connect to Limpol is not enough. Because it's also about the community and about that personal relation you have with someone who is, you know, really eager to help you. Right. And so in terms of the Limpol currency as well, so you said a few use cases for us. So one is just being rewarded for exercising. So the network kind of pays out for that. And then the other user cases are for personal trainers and for buying products as well. Exactly. And then ultimately, what we believe is that you'll be able to collect more and more of your data on Limpol. And at some point, you'll be able to monetize it as well. So we can share it with any kind of business that is using a lot of this data. And you'll be rewarded for your data as well. So we're changing from, you know, you're just giving an app your data for free and they do with it whatever they want to do to kind of letting you to have all the data from different sources in one place and also being able to monetize it and get rewards for that. Right. So it's getting the data. So is the data submitted to the blockchain then? Is that how you're using blockchain? No, the data itself is not. So we're not doing it because of data protection regulations. Right, right. We won't be able to delete it. That's a problem, right? And then it's a lot of data, right? Right. So maybe in the future, we'll be able to see solutions that will help us to solve this. But now you'll be just getting rewards and tokens. And with the time, you'll, you know, build up your status. We're going to be able to see. And how are you collecting that data? So is it just from an app? Are you working with other external ways to connect it, to collect data from our health data, like how many steps we walk every day or how much we run? Is there like a way to collect that? Yes. So we're not, the app itself, Limpa, it's not a tracking app. It works when you connect it with anything that you're using right now. Any other app or wearable that we'll integrate with. Right. You can get the data from there and you don't have to switch. You know, maybe you're training and using one favorite app. So we want to make sure that it's going to be on Limpo as well. So it's good. It harvests that data, puts it on there. Then another personal trainer can see it and help you kind of improve yourself. And the data is not kind of stored on a blockchain. No. Because that would be too much. So what's the roadmap like for Limpo? So first of all, we are releasing our app this September and then expanding it to other markets. Right now we're working very much to find these partners, to find new Limpo team members in various countries so that we're all ready for the launch. So why do you need blockchain in Limpo? How are you using it? So we're using that to issue rewards in Lim tokens. And the major difference that you have here from, let's just say, airline's miles, right? As first of all, we know that there is a limited number of the tokens they can appreciate in value in the future. And you can easily transfer them, exchange the euros or dollars, buy other stuff for them that you cannot do with your airline miles because they lock you in within one system. All right. So we've been saying Limpo a lot. So how did you come up with that name? Right. A lot of people are asking this question. So actually the original name was Limpe. It's from Olympic Games. And then we got this call from the National Olympic Committee. They told us they're going to sue us unless we change it because it's too similar. You're promoting health care. Exactly. This is what we thought. But then we had very short time until the launch of the platform that already exists. So the app itself is not launched yet. But there is a platform for personal trainers. And yeah, we were brainstorming a lot. And we thought that Limpo is still related to the Mount Olympus where the Olympic Games took place for the first time in Greece. So yeah. So that's how Limpo came about. That's the history behind it. Maybe it's not obvious immediately. Exactly. So moving forward to a deeper understanding of Limpo. So in terms of key statistics and data that you're looking for, what do you think data, like what sort of data do you think is a good indicator of health? And what would Limpo really be looking out for to help people get more fit? So we started working with what we have today, right? And it's normally the tracking apps and wearables that track steps, kilometers you run. You can track your swimming meters. Right, right. Heart rhythm. But we are only starting with this. And then where I see the real potential is more and more things, you know, more and more Internet of Things expanding to our everyday life. And now we have smart clothes where you have sensors on your, I don't know, jogging shorts. And they can track how your muscles are working. And we have smart tennis rockets, right? Right. Where they track your movements. And I think we will see more and more of that. And like ultimately we can actually measure so many things already. And we're going to do, we're going to see more of this. That's crazy. So like let's say, let's say if you're, if you promise someone, yeah, I'm going to play tennis. And then like your smart tennis racket didn't record. You're like, oh, no, no, you missed out. It's also, yeah, not only about you lying and not playing tennis, but about your trainer or anyone who trains with you being able to see, you know, how you actually play, which hand is doing what and what are your strengths, where you have to work on more. So, yeah. Also sleep. Actually, I think we should have some sleeping challenges. I think people don't sleep enough nowadays. So we can track sleep rhythm. Right. Right. So the whole idea is building around challenges as well. So how many people do you think would be interested in these challenges? Do you think that this is going to be a competitive environment? Right. So we will launch our app in a 15,000 people marathon. Uh-huh. 15,000 runners will participate at that event. Right, right, right. And then they can join the Limpaw Challenge while running. And I believe that challenges are so much fun because you can see the results really fast. So if you're a trainer, right, your personal trainer cannot track what you do, you know, once you don't see each other. Right. And there could be a challenge for you to walk at least five kilometers every day or run your early, you know, morning run. And first of all, the trainers will be able to see what you're doing and see that data, you know, how you were doing that day, unless you give it to your dog. Or it's actually a fan and just spin it around. And then issue rewards for that as well. So, and then you can challenge your friends, you can do group challenges, you can, I don't know, walk to the moon. Oh, man. I'm sweating here because I'm like, oh, man, like, like if someone challenges me to like run five kilometers, I think I'll be dead or something. Because I'm still not fit right now. Recently, you've been on TV a lot. And you also got one of the top tennis players in the world to join Olympia. How was that experience? Caroline Wozniacki, who is currently world's number two player and who won the Australian Open this year, just became Olympia ambassador. Right. And we were searching for someone, for a strong athlete. Right. Who is also, you know, exciting for us. So Caroline was a perfect match because she doesn't only play tennis, but she also ran in a marathon, actually, in a New York marathon with amazing results. She is boxing. She is swimming. Really? And she herself would be really, really excited to use the product. Right. She can't wait to see it. And then we were talking about her fiancé as well, the former NBA player. So he wants to get back to the gym after finishing his career. Right, right, right, right. And then he heard about that. He thought it's great. So I believe that, you know, after talking to Caroline, we understood that she's a perfect match. And I think with her energy and her followers base all around the world, we're going to reach a lot of people. And make them healthier. And definitely make them healthier. That's the final goal. Be crypto fit. Yeah, not only fit, but crypto fit. Exactly. That's, you know, even much better. Awesome. So I'll definitely see you in 90 days and show you and show off that I can lose 10% body weight. Definitely going to be an exciting experience for me. Absolutely. We'll take a selfie with a new you. Yeah, with abs instead of a belly. So see you next time. And we'll have some little bit of fun. Great. Thank you for the interview. Cheers.