Lympo Market Token (LMT) Coin Review : It Is Good Or Bad Review

About Lympo Market Token

Lympo Market Token is the utility token used throughout The Lympo ecosystem as the basis of transactions, interactions, and NFT minting. It is an ERC-20 utility token built on the Ethereum blockchain. can only be acquired with the existing LYM token. There is a finite supply of 1,250,000,000 LMT tokens.

Lympo Market Token (Lympo Market Token) is an ERC-20 utility token that is designed to be the currency of purchase, utility, and attribution of sports-themed digital collectibles (in the form of nonfungible tokens, NFTs) in and outside of various games

Lympo Market Token Digital collectibles stage: during this stage, NFTs of world-famous athletes and clubs, influencers, and custom sports characters will be issued according to a set plan defining the supply of various rarity levels of NFTs ranging from more common to extra rare cards

Lympo Market Token (LMT) Storage Key Points

Gaming and Collectibles on blockchain: Dawn of a New Era

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 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

Problem

Scarcity is what makes a collectible worth its value. Scarcity online was always a difficult problem to wrestle with, because digital media are very easily reproducible. Up to 50% of the sports memorabilia products that are available in the United States is considered to be counterfeit Federal Bureau of Investigation.

Blockchain Offers Solutions for Collectors

With blockchain, each piece of digital asset can be cryptographically unique, meaning that it cannot be copied and is one-of-a-kind. As a decentralized ledger, blockchain is able to store a complete history of transactions and certificates of authenticity on a shared database, meaning that customers can trace a collectibles’ movements across the world

The World of Classic Collectible

Up to 50% of the sports memorabilia products in the US is considered to be counterfeit (Federal Bureau of Investigation

Own-to-Earn

Own LMT tokens which allow earning and later purchasing Lympo sports NFTs

LMT Token Specifics

LMT is a standard Ethereum ERC-20 token with commonly used interfaces. The token contract can be found here:https://etherscan.io/address/0xe5d500e04312d557fe762e2940de8b845b738a42 There will be one LMT token offering exclusively available for existing LYM token holders. LYM is a ERC20 token currently listed on multiple exchanges including.

Bitfinex, Huobi Global, Gate.io, KuCoin, and GOPAX. More information of the LYM token can be found at https://lympo.com/monetizing-health-wellness-and-lifelog-data-via-blockchain/?token

Token Economics

LMT is a utility token that will be used to mint sports digital collectible cards and, in due course, will be usable in various content and media activities like sports-related games. Lympo will collaborate with game publishers from all over the world to create an unforgettable experience for Lympo NFT holders and gamers.

LMT token will also connect various games developed by Animoca Brands and its subsidiaries and partners creating a unique gaming ecosystem and player environment. The demand for LMT tokens will be ensured by game fees and NFTs releases and will later be reintroduced back into the ecosystem