Lympo tokens (LYM) API and Price Oracle

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Lympo tokens

LYM
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0xc690...c8c5
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Lympo tokens (LYM)?

Lympo (LYM) tokens are a native cryptocurrency of the Lympo platform. Founded in 2017 by Ada Jonuse and Marius Silenskis, Lympo aims to incentivize healthy lifestyle choices by rewarding users with LYM tokens for completing fitness-related challenges and activities. These tokens can be used to purchase products or services in the Lympo marketplace. With its founding company named after the word "lymph," which refers to a fluid that carries immune cells throughout the body, Lympo signifies the connection between blockchain technology and the health and wellness industry.

How does Lympo tokens work?

Lympo tokens operate on the Ethereum blockchain, making use of its smart contract functionality. Ethereum is a decentralized, open-source blockchain platform that allows for the creation and execution of smart contracts. Smart contracts are self-executing agreements with the terms of the agreement directly written into code.

The Lympo token (LYM) is an ERC-20 token, which means it adheres to a set of standards for creating tokens on the Ethereum blockchain. This standard ensures compatibility and interoperability with other Ethereum-based tokens and decentralized applications (dApps).

The main function of Lympo tokens is to incentivize users to engage in healthy activities and maintain a healthy lifestyle. Users can earn LYM tokens by participating in fitness challenges, achieving fitness goals, and sharing their health data. These tokens can then be used within the Lympo ecosystem to access services or purchase goods, such as fitness products, training programs, or personalized health services.

The Lympo platform utilizes blockchain technology to ensure transparency and immutability of user health data. By leveraging blockchain, Lympo can securely store and verify the authenticity of health data, preventing tampering or unauthorized access. This trustless environment allows users to have full control over their health data and decide how and with whom they want to share it.

In summary, Lympo tokens make use of the Ethereum blockchain and smart contracts to incentivize users to lead healthy lifestyles and provide a secure and transparent platform for managing health data.

What are the benefits of Lympo tokens?

Lympo is a blockchain-based platform that incentivizes individuals to lead healthy lifestyles through fitness and wellness activities. The native cryptocurrency of the Lympo platform is called Lympo tokens (LYM).

One of the main benefits of Lympo tokens is their utility within the ecosystem. Users can earn LYM tokens by completing various fitness challenges, such as walking a certain number of steps or achieving specific health goals. These tokens can then be used to purchase fitness products, services, or even sponsorships with health and wellness brands. This creates a self-sustaining ecosystem where users are rewarded for engaging in healthy activities.

Compared to its direct competitors, Lympo tokens offer several advantages. Firstly, the platform has a strong focus on gamification, providing a fun and engaging experience for users. This sets it apart from other fitness and wellness platforms that may not have the same level of interactive features.

Secondly, Lympo tokens leverage the transparency and security of blockchain technology. By utilizing a decentralized ledger, users can be confident that their fitness data is accurate and cannot be tampered with. This transparency also extends to the reward system, ensuring that users are fairly compensated for their efforts.

Additionally, Lympo has partnered with reputable health and wellness brands, allowing users to access a wide range of products and services using their tokens. This gives Lympo tokens an advantage in terms of utility and real-world usage compared to its competitors.

In summary, Lympo tokens offer a unique and rewarding experience for individuals looking to improve their health and wellness. With its gamification features, secure blockchain technology, and partnerships with established brands, Lympo stands out among its direct competitors in the fitness and wellness space.

What is Lympo tokens used for?

Lympo tokens serve as the native cryptocurrency of the Lympo platform, a blockchain-based fitness and wellness ecosystem. These tokens have various use cases within the platform.

One common use case for Lympo tokens is to incentivize and reward users for their fitness and wellness activities. Users can earn tokens by successfully completing challenges and reaching their fitness goals. This provides motivation and a tangible reward for their efforts.

In addition to earning tokens, users can also use Lympo tokens to purchase fitness-related products and services within the platform's marketplace. This creates a circular economy where users can spend their earned tokens on items such as gym memberships, fitness equipment, and healthy lifestyle products.

Another specific use case for Lympo tokens is in the field of data monetization. The Lympo platform allows users to securely store and manage their fitness and wellness data using blockchain technology. Users have control over their data and can choose to monetize it by sharing it with health and wellness companies. In return, they are rewarded with Lympo tokens. This enables users to not only track and manage their own health data but also benefit financially from it.

Overall, Lympo tokens have dual purposes of incentivizing user engagement and providing a means of exchange within the platform's ecosystem. They encourage active and healthy lifestyles while also empowering users to monetize their personal fitness data.

What is DIA's Lympo tokens API?

DIA's Lympo tokens API is part of DIA's range of API endpoints that provide real-time price feeds for various crypto assets. These price feeds are constructed using raw data obtained from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in a comprehensive and reliable data source.

While DIA does offer free API endpoints for developers to test, the customization options for custom feeds are where DIA truly shines. Custom API data feeds can be tailored to meet specific requirements, including the selection of sources, methodologies, update mechanisms, and more. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

The importance of these custom feeds cannot be overstated. They offer users the flexibility to configure feeds according to their specific needs, ensuring accurate and relevant data for their use cases. These custom feeds can be particularly valuable in various DeFi applications such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, and synthetic asset issuance.

Furthermore, DIA's API endpoints can also be leveraged in NFTfi applications. These could include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

In summary, DIA's Lympo tokens API, along with its other API endpoints, provides real-time price feeds for crypto assets. While free API endpoints are available for testing purposes, DIA's custom feeds offer enhanced customization options to cater to specific requirements and use cases within the blockchain ecosystem.

What is DIA's Lympo tokens price oracle?

DIA's Lympo tokens price oracle is a smart contract that provides real-time price feeds for crypto assets. DIA stands out because it is integrated with over 35 layer 1 and layer 2 networks, allowing it to deploy oracles in various blockchains. To construct its price feeds, DIA sources raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in comprehensive and accurate information.

While DIA provides free demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also offers custom configuration for price feeds. Users can request a dedicated price feed oracle tailored to their specific needs, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The use cases for DIA's price oracles are vast and encompass various areas of the blockchain ecosystem. In the DeFi space, the price information from DIA's oracles can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi realm, DIA's price oracles can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

In the context of blockchain, an oracle refers to an external information provider that supplies verified data to smart contracts from outside the blockchain. Oracles play a crucial role in connecting blockchain applications with real-world data, ensuring the accuracy and reliability of information used within the blockchain ecosystem.

Why use DIA's LYM API & price oracle?

DIA's LYM API & LYM Price Oracle offer a range of benefits for users in the blockchain ecosystem. The main advantage of leveraging DIA's technology is the high level of customisation available. Users can tailor each oracle and API endpoint to suit the specific needs of decentralised applications, including configuration settings such as the data sources, data cleaning filters, pricing methodologies, and update mechanisms. This allows for robust and resilient data that is tailored to unique market conditions.

Transparency is another major benefit of using DIA's API and Oracle feeds. They provide full and granular transparency throughout the entire data journey. This transparency ensures that users have access to accurate and reliable price data for cryptocurrencies and NFTs.

DIA also offers various tracking and monitoring tools to closely track its oracle and API feeds. This helps users stay informed and make informed decisions based on real-time market data.

In summary, the benefit of using DIA's LYM API & LYM Price Oracle is the ability to access customized, transparent, and reliable price data for cryptocurrencies and NFTs. This empowers users in the blockchain ecosystem to make informed decisions and build resilient applications.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.