Lympo is revolutionizing the sports industry through blockchain technology by merging elements of GameFi and sports-themed NFTs. It aims to use non-fungible tokens to issue sports memorabilia as digital collectibles to power a new era of engagement for the sports industry and its fans.

The Lympo ecosystem is driven by sports NFTs and Play-to-Earn (P2E) elements. Lympo NFTs can be used and monetized by sports organizations in various ways, including for staking, within the metaverse, and for providing P2E experiences to fans.

LYM is the utility token of the Lympo ecosystem and is designed as an ERC-20 token. The Lympo platform operates on the Layer-2 Polygon network, giving its users higher scalability, affordability, and flexibility but with the superior security benefits of the Layer-1 Ethereum blockchain.

In addition to $LYM, the platform supports two other cryptocurrencies - $SPORT, the Lympo ecosystems primary token, and $LMT, the play-to-earn currency. Both these tokens are also bridged to function on Ethereum and BNB Smart Chain networks.

Leading sports athletes can release their official branded NFT collections on Lympo, enjoying their intellectual property (IP) rights over these products. Athletes and their representatives interface with the Lympo team through the multi-stage creative process to mint NFTs on the Lympo platform.

Athletes can mint sports NFTs in the following categories: common cards, uncommon cards, rare cards, epic cards, legendary cards, and GOAT cards - in order of reducing quantity and increasing value. The standard distribution of sports NFTs is as follows: 1,000 common cards, 500 uncommon cards, 100 rare cards, 25 epic cards, five legendary cards, and 1 GOAT card.

The NFTs can be minted on the Lympo NFT minting platform in the following pools: Athletes, OLympians, REVV Motorsport, Sandbox, and Blockchain Heroes. The NFTs acquired on the platform can be staked by users to earn rewards. The potential of rewards increases based on the type of NFT staked and their rarity.

Lympo also launches special partnership NFTs with additional functionalities beyond staking and P2E benefits. These special NFTs are launched by various partners and offer exclusive benefits to their holders.

Lympo has also partnered with The Sandbox to create NFTs that can function as assets in the leading metaverse platform. These tokens represent various sports items that can be added to users Sandbox NFT collections or LAND.

The Lympo project initially focused on a Move-to-Earn model of operations, providing incentives in LYM tokens for users leading a healthy lifestyle. Users could earn rewards for accomplishing lifestyle goals such as running, following a nutritious diet, visiting the gym, and participating in sports competitions and events.

They could then use these rewards on the Lympo Marketplace to purchase premium features and discounted goods and services offered by the companys corporate partners. Token holders could also use the Lympo Crowdfunding Platform to invest in upcoming apps and startups in the health and wellness sector, supporting them and earning rewards from their growth.

The Lympo token sale was held in February 2018, and the initial coin offering (ICO) raised more than $16.8 million of funding for the team. 65% of the total supply of 1 billion LYM tokens was put up for sale during the event, and the price was set at 1 ETH = 40,000 LYM.

Animoca Brands announced a partnership with Lympo in December 2020 to focus on sports NFTs. The company evolved its strategy from M2E to sports NFTs and play-to-earn, rolling out the new functionalities in early 2022.

Lympo can be a good investment if you want to diversify your crypto portfolio and believe in the future of sports or fan tokens. The Lympo platform provides an interesting way for sports stars and athletes to engage with their fans using cryptocurrencies and reward them with incentives.

The price of Lympo (LYM) could potentially increase as more athletes and sports organizations partner with the platform to launch their NFT collections. This could lead to an increase in on-chain activity and users, which would support the price of LYM.

The LYM to USD price could also receive support as investors pay more attention to sports tokens in the market. This could encourage buying activity in the LYM token and result in an upward trend for the Lympo price.

While it is impossible to provide an accurate LYM price prediction for any duration, there are several factors that could influence price changes in this cryptocurrency:

Level of Adoption of Lympo Ecosystem

A higher number of partnerships resulting in the creation of more NFTs could attract more users interested in acquiring and using these Lympo NFTs. This increased demand for LYM crypto could support its price.

Use Cases

As Lympo adds new features and announces platform upgrades, its developers may introduce more applications for the LYM cryptocurrency. These developments could make the Lympo crypto a more valuable digital asset to trade or hold, potentially driving the price of Lympo to test its highest levels.

Market Sentiment

Investor sentiment towards the overall cryptocurrency market and sports tokens can significantly impact the value of the Lympo token. Positive sentiment or a risk-on attitude in the global financial markets could encourage buying activity, supporting the Lympo price and market cap. Conversely, a bearish or risk-off sentiment could trigger sell-offs, potentially lowering the market capitalization and price of LYM, and possibly leading to a test of its lowest price.

LYM is the utility token of the Lympo platform and serves the following purposes:

Utility Token

LYM is the utility token of the Lympo platform and is used to enable users to access $SPORT and $LMT tokens within the ecosystem. LYM token holders can convert their holdings into $SPORT or $LMT by providing liquidity on deep pools on supported DEXs.

Staking Rewards

Users can stake $LYM on available pools on the Lympo Staking Platform and earn passive income. Through this feature, you can earn rewards in $SPORT tokens for staking sport NFTs minted on Lympo.

Crypto Asset for Trading and HODLing

Trade Lympo against other assets to profit from changing market conditions. Buy or sell LYM against other cryptocurrencies or hold it long-term if you believe in the future potential of the Lympo project. Check the live price of Lympo, LYM market cap, circulating supply, and 24-hour trading volume, and analyze the Lympo price chart before you trade LYM in the market.

Lympo has partnered with several leading names from the blockchain and crypto industry. Some of Lympo's partners include Animoca Brands, The Sandbox, REVV Racing, Polygon, Harmony, Pawnfi, and more.

Additionally, numerous renowned athletes from around the world have partnered with Lympo to launch their NFTs. These athletes include Magnus Carlsen, Rose Namajunas, Friedrich from France, Caeleb Dressel, and more. Sports organizations partnered with the Lympo platform include the Lithuanian Basketball Federation (LKF), the Basketball Federation of Slovenia (KZS), and Vanquish.

Lympo generates revenue by earning a percentage of profits from selling NFT collections created and launched on its platform by athletes and sports organizations. Additionally, brands that partner with the company to launch special NFTs also pay the company for these unique digital collectibles.

The play-to-earn games within the Lympo ecosystem, which require players to enter by paying LYM or other tokens, also contribute to the platform's revenue. Finally, the platform also benefits when the value of its tokens, such as LYM, SPORT, and LMT, increases in the market.