Harmony partnered with Lympo, a company developing an incentivizing platform for healthy lifestyle activities like walking or running, in order to boost the platform’s scalability.
LYM tokens supported by Samsung Blockchain wallet
Specifically, the Lympo app rewards users with LYM tokens for completing various daily challenges and allows spending the tokens to buy sports goods, gadgets and other products, the press release notes.
Harmony’s IEO featured on Binance Launchpad
Within the new partnership, Harmony will help Lympo to provide its incentivizing app to everyone building healthy lifestyle habits, Lympo CEO Ada Jonuse said, adding that the cooperation will enable secure and scalable health data sharing targeting millions of new users.
Harmony’s blockchain is based on a system called deep sharding — the process involving breaking up a large database into smaller, more manageable segments in order to speed up transactions on the network.
In May 2019, Harmony completed an initial exchange offering (IEO), featuring its Harmony (ONE) tokens on Binance Launchpad, an IEO platform developed by major global crypto exchange Binance.
In early August, Harmony partnered with blockchain gaming firm Animoca to jointly acquire Sequoia-funded digital collectible startup Quidd.