The environment of Lympo will make use of the tokens of Lympo as a major facilitator of user interactions as well as contracts. The unique community of users as well as the collection of wellness and fitness data provides a number of opportunities for data exchange and smart contracts. The team of Lympo considers the user privacy as their first priority.
Therefore, the developers of Lympo check every source code for the smart contract in relation to the data exchange. Additionally, Lympo is going to remain an authorizing entity for the rewards as well as agreements. Many examples of the smart contract have been executed during the initial stage.
The user reward programs of the Lympo ecosystem take place between the participants like sports inventory providers, trainers, gyms, users of digital fitness wallet, and physicians. Let’s just take an example of fitness trainers and their clients.
In order to motivate the users to live a healthy life, the trainer of fitness is going to propose a contract on the platform of Lympo. He or she will set a fitness target that the user has to attain. The agreement will be created on the basis of the standard user interface.
This contract is going to have many components like the account of the company or person who is creating the contract and the account of the end user who is going to be rewarded after the accomplishment of goals. Additionally, it includes the detailed information about the goals and programs that are required to be met. This data is going to be hashed in a single string, which will limit the parameters to be transferred to the smart contract.
The developer of the smart contract is going to use every above-mentioned parameter and sign into Blockchain by using his or her password. After that, the smart contract is going to lock all the tokens of the reward for a certain period of time. When the user will accomplish his or her goals of training, then the platform of Lympo will validate the data and supplicates a call to the smart contract. The call will be made to confirm the transmission of the Lympo tokens to the user.
If the target is not achieved during the prescribed time period, then the tokens will either be returned to the developer of the smart contract or to the platform of Lympo as per the conditions mentioned in the token reward program.
The Lympo structure is going to provide an option for the physicians and trainers to make their own packages of training that will be automatically included in the reward program. The trainers will have an option to select an advertiser of their choice.
The execution of the smart contract is a lot similar to the models that were defined previously. Although in this scenario the workflow is going to have a few extra steps. If you want to know about the steps and some more things about the Lympo platform, then visit its Telegram account.