Lympo Price
(LYM)
USD($)
Lympo (LYM) Live Price Chart
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Lympo Live Price Data
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Lympo(LYM) Profile
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Ethereum 0xc690f7...8c5
Audited By
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Investors
Animoca Brands
$0.0005432
$0.0005947
$0.1416079
+0.66%
+7.23%
-5.58%
$480,345
$1,588
826,672,979
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About LYM
How can I buy Lympo (LYM)?
What is Lympo (LYM) Crypto?
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 ecosystem’s primary token, and $LMT, the play-to-earn currency. Both these tokens are also bridged to function on Ethereum and BNB Smart Chain networks.
How Does Lympo Work?
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, O’Lympians, 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.
History of Lympo and LYM Token
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 company’s 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 $16.8 million of funding for the team. 65% of the total supply of 1 billion LYM tokens was put up for sale during the event, and the price was set at 1 ETH = 40,000 LYM.
Animoca Brands announced a partnership with Lympo in December 2020 to focus on sports NFTs. The company evolved its strategy from M2E to sports NFTs and play-to-earn, rolling out the new functionalities in early 2022.
Lympo (LYM) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0000398 | 7.24% |
| 7 Days | $-0.0000259 | -4.16% |
| 30 Days | $-0.0003924 | -39.75% |
| 3 Months | $-0.0005388 | -47.53% |
24H Investment Barometer
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Lympo Conversion Rate
FAQ
How much is 1 Lympo (LYM) worth?KuCoin provides real-time USD price updates for Lympo (LYM). Lympo price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time LYM to USD exchange rates.
Is Lympo (LYM) a Good Investment?
Lympo is a good investment if you wish to diversify your crypto portfolio and believe in sports or fan tokens’ future. The Lympo platform offers an interesting way for sports stars and athletes to engage with their fans with cryptocurrencies and reward them with incentives.
The Lympo price could increase as more athletes, and sports organizations partner with the platform to launch their NFT collections. This could increase on-chain activity and users, supporting the LYM price statistics.
The LYM to USD price could also enjoy support as investors increase their attention toward sports tokens in the market. This could encourage buying activity in the LYM token and send the Lympo price on an uptrend.
What is the Lympo Coin Price Prediction?
Although it is impossible to offer an accurate LYM price prediction over any duration, based on the Lympo price history, several factors could influence price changes in this cryptocurrency:
Level of Adoption of Lympo Ecosystem
A higher number of partnerships resulting in minting more NFTs could bring in more users interested in acquiring and using these Lympo NFTs. This could drive up the demand for LYM crypto and support its price.
Use Cases
As Lympo adds new features and announces new upgrades to its platform, its developers could roll out more applications for the LYM cryptocurrency. Such developments could make the Lympo crypto a more valuable digital asset to trade or hold, sending the price of Lympo upwards to test its highest price.
Market Sentiment
Investors’ attitudes towards the overall cryptocurrency market and sports tokens could significantly impact the value of Lympo token. A positive mood in the global financial markets or a risk-on sentiment could encourage buying activity, supporting the Lympo price and market cap. However, a bearish or risk-off sentiment could trigger sell-offs that could lower the market capitalization and price of LYM and possibly make it test its lowest price.
What is LYM Coin Used For?
LYM is the utility token of the Lympo platform and has the following uses:
Utility Token
LYM is the utility token of the Lympo platform and is used to enable users access to $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 to Trade and HODL
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.
Who are the Partners of Lympo?
Lympo has several leading names from the blockchain and crypto industry as partners in its initiative. Some partners of Lympo include Animoca Brands, The Sandbox, REVV Racing, Polygon, Harmony, Pawnfi, and more.
Some of the leading athletes from around the world that have partnered with Lympo to launch their NFTs include Magnus Carlsen, Rose Namajunas, France’s Friedrich, 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.
How Does Lympo Make Money?
Lympo generates revenue by earning a percentage of profits from selling NFT collections created and launched on its platform by athletes and sports organizations. In addition, brands partnering 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 that require players to enter by paying LYM or other tokens also help the platform generate revenue. Finally, the platform also makes money when the value of its tokens, like LYM, SPORT, and LMT, picks up in the market.
What is the all-time high price of Lympo (LYM)?
The all-time high price of Lympo (LYM) is $0.1416079. The current price of LYM is down 1.00% from its all-time high.
What is the all-time low price of Lympo (LYM)?
The all-time low price of Lympo (LYM) is $0.0005469. The current price of LYM is up 0.08% from its all-time low.
How much Lympo (LYM) is there in circulation?
As of 11 21, 2024, there is currently 826,672,979 LYM in circulation. LYM has a maximum supply of --.
What is the market cap of Lympo (LYM)?
The current market cap of LYM is $480,345. It is calculated by multiplying the current supply of LYM by its real-time market price of $480,345.
How do I store Lympo (LYM)?
You can securely store your Lympo in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your LYM include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert ChainLink (LINK) to cash?
You can instantly exchange your ChainLink (LINK) for cash using KuCoin's Fast Trade feature. This feature enables you to convert LINK to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-11-22 01:01:21 (UTC+8)
24h Volume3,658,848,344USDT