What Is Lympo Sport(SPORT)?
Lympo Sport is a utility token that is designed to be the currency of purchase, utility, and attribution of sports-themed digital collectibles (in the form of non-fungible tokens, NFTs) in and outside of various games The products that utilize SPORT tokens include the NFT Minting and NFT Staking Platforms as well as the upcoming sports-themed play-to-earn games like basketball manager or chess. This is a holder of IP rights of 50+ world-leading athletes including the best chess player in the world Magnus Carlsen.
| Coin Basic | Information |
|---|---|
| Coin Name | Lympo Sport |
| Short Name | SPORT |
| Circulating Supply | 12,681,778.00 SPORT |
| Total Supply | 1,250,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
SPORT Price Live Data
The live Lympo Sport price today is $0.056903 USD with a 24-hour trading volume of $771,007 USD. They update SPORT to USD price in real-time. This is down 22.92% in the last 24 hours. The current The ranking is #3147, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,250,000,000 SPORT coins.
If you would like to know where to buy Lympo Sport Coin at the current rate, the top cryptocurrency exchanges for trading in stock are currently MEXC, and QuickSwap. You can find others listed on crypto exchanges page.
GameFi
Gaming is a top entertainment industry; it is bigger than the music and film industries combined (USA News Group, 2019) and generated $152.1 billion global revenue in 2019 (Statista, IBISWorld, NewZoo, 2020). Millennials and Gen Z age groups are passionate about gaming: millennials were found to spend $112 monthly on gaming (SuperData, 2019), 43% of Gen Z played online games daily (Cybercultural newsletter, 2020).
During the pandemic, video game traffic increased by a hefty 75% and is poised to grow (Verizon, 2020). Blockchain-based games and digital collectibles are a booming new trend in this industry and have the potential to deliver true digital ownership to 2.6 billion gamers worldwide, allowing trading of gaming assets and the much-needed interoperability. 2020 has seen a 30% increase of crypto players and a significant boom in the trade of NFTs (non-fungible tokens).
Lympo = GameFi + sports NFTs
Lympo Sport core principle of the ecosystem is the utility of NFTs. Lympo believes that NFT collectible value is short-lived and only appeals to a small niche of the audience. For this reason, It has built and continues on building products where NFTs can be used and monetised. Here is a short summary of these products:
- Lympo NFT staking: stake NFTs and earn various tokens
- Lympo metaverse collaboration: use Lympo NFTs in the Sandbox metaverse
- Lympo play-to-earn games: use Lympo NFTs to play and earn in games
Lympo NFTs
Lympo Sport Coin works with the world-famous athletes and sports stars to release licensed NFTs in cooperation with the IP holders themselves. All NFTs are produced in close collaboration with the athletes including a multi-stage creative production approach whereby the athletes and their representatives are included in every step of the process.
Lympo athletes include the best chess player in the world Magnus Carlsen and Champions Chess Tour; UFC Women’s Champion Rose Namajunas; Olympic game medal winners from disciplines ranging from bobsleigh (Francesco Friedrich) to swimmer (Caeleb Dressel), world champions in athletics and martial arts; basketball, football, tennis, rugby, poker, snooker, golf players from all over the world.
Lympo Sport Coin platform NFTs are released in a specific series with NFTs ranging from common to GOAT cards. For example, the standard NFT distribution on the NFT minting platform Athletes pool is this: 1000 common cards, 500 uncommon cards, 100 rare cards, 25 epic cards, 5 legendary cards and 1 GOAT card.
Lympo NFT minting platform
Lympo Sport NFT minting platform is a place where are minted. The holders of SPORT tokens can stake these tokens to get the pool credits. These credits are later spent to mint NFTs in that particular pool. The credits cannot be transferred to a different wallet or a different pool.
In addition to the credits, Lympo has introduced a dynamic pricing mechanism that kicks in as soon as a new series of NFTs are published on the NFT minting platform. Dynamic pricing allows users to get to the most wanted NFTs sooner by paying $SPORT token or ETH (on Polygon) and possibly other crypto currencies in addition to the credits. Dynamic pricing starts with a certain price that is dropping every pre-defined period of time until the price reaches zero and the NFTs can be minted with the credits only.
Lympo NFT staking platform
Once users acquire Lympo NFTs, NFTs can be staked, alongside with the SPORT tokens, in the Lympo NFT staking platform to earn more tokens: various staking pools will include the tokens of Lympo ecosystem, SPORT, LMT and LYM, and various partner tokens
Tokenomics
LMT token does not have any other allocation pools than one reserve pool which will be distributed between various play-to-earn games that is developing. A standard token allocation for a game will always be dynamic and could increase or decrease over the time depending on various game usability and growth dynamics. Typically, a specific game allocation will include some tokens for the game developers and other important contributors to the success of the game, possibly a partnership pool, a marketing pool and a players’ reward pool.
LYM token utility
The utility of the LYM token will be further expanded in the future. Currently, LYM token serves as a way to easier access SPORT or LMT tokens via purchasing LYM tokens on one of the big centralized exchanges on which the token is listed and then converting it into the $SPORT or $LMT on one of the deep pools provided by Lympo on decentralized exchanges.
