What Is Lympo Market Token (LMT)?

Lympo is a sports NFT ecosystem that comprises NFTs with the intellectual property rights of well-known athletes and clubs. The ecosystem also includes custom sports characters created by different artists and sports influencers.          

The LMT token is the native ERC-20 token of the ecosystem that was initially based on the Ethereum blockchain. LMT is the primary utility token for minting and trading a sports collectible digital card that signifies rare content stored on the blockchain. Minting includes validating a transaction, creating a new block, and recording the information. The token is developed in two phases:

In the first phase, the Lympo NFT platform released a set of predetermined digital sports collectible cards in the form of NFTs of global athletes and clubs, influential characters, and O’lympians (Lympo’s Custom Character Sports Heroes).

In the second phase, the Lympo NFT platform started releasing a variety of content activities and entertainment activities to activate the NFT minted in the first phase. This phase includes sports games where LMT is the primary utility token and in-game currency. This game implements the Play-to-Earn model. Players can use Lympo Digital Sports Collectible Cards to create and upgrade their sports heroes, build a team, play with other players, and win real-value tournaments.

There are three types of NFT pools:

1. Athlete NFT Pool:The Athlete NFT pool includes officially licensed collectible cards of real players, teams, clubs, and influencers. By staking LMT tokens, users can receive “credits” used to redeem NFTs. 

2. O’lympian NFT Pool:The O’Lympian NFT pool includes collectible sports hero character cards created by the Lympo platform. Users must add liquidity to the LYM-LMT pool and receive LP tokens to receive these NFTs. LYM is also the native token of Lympo. After staking the LP tokens, users earn “credits” to redeem these O’Lympian NFTs.  

3. Executive Private Pool:Only members of the LMT offering can join this pool for life. In the future, additional members can gain limited access to the pool after performing specific actions. Exclusive Pools have other benefits across the Lympo ecosystem and contain unique NFTs that only the most avid Lympo fans can get. These utilities include additional minting speed for minting new NFTs in other pools and increased airdrops in the future.

History of Lympo Market Token

Ada Jonuse founded the Lympo ecosystem. The total supply of LMT is 1,250,000,000 tokens.