Is the Lympo app legit? Can you really “Move, Measure, Earn!”?
To answer that question, I decided to download the app and give it a try. What’s to lose? It’s free right? Once I got Lympo installed, I headed out for a walk and learned a lot about the app while I got my steps in for the day. So the short answer is…
Lympo is legit but it has some pretty bad drawbacks.
Lympo is Legit for 4 big reasons...
- It provides great motivation to exercise.
- The app counts steps accurately and fairly.
- Your LYM tokens can be wtihdrawn to your cyrptocurrency wallet or used to purchase merchandise.
- Mark Cuban (Shark Tank, Dallas Mavericks Owner) is a partner but…
…The drawbacks to the app are 3 fold.
- The items available are expensive and few and far between.
- Many of the items available are just promotions to get you to subscribe to sponsored services.
- You have to check the app dozens of times a day to make sure you don’t miss earning extra Lympo tokens.
So, let’s start at the beginning and see how Lympo works, then I will discuss some of the pros and cons that I found while using the app. Lastly, I will answer a few common questions about Lympo.
How Lympo Works
Lympo is an app that you can download on Android or IOS. It is able to use your phone’s accelerometer, gps and other fitness tracking apps to calculate how many steps you take. These steps are then used by you to complete fitness challenges, like walking a half mile, or walking 3 miles.
So far I have seen between 5 and 7 challenges per day. There are morning, mid day, afternoon, evening and all day challenges. Most of the challenges have a time limit, so you have to make sure to record your steps before the time runs out or you lose those tokens.
You can earn a total of about 30-40 Lympo tokens per day by completing the step challenges. You can also earn 5 LYM per day by entering your daily “vitals” like hours slept, number of glasses of water you drank, etc.
You can also earn between 1 and 100 LYM per hour by watching short ads. So far in my first week, 3 was my highest number of LYM’s earned by watching and ad. So, when you add your exercise, the ads and recording your stats, you can plan to earn somewhere between 30-100 LYM per day. Theoretically you could earn much more if you were lucky enough to get 100 tokens for watching an ad, but I wouldn’t hold my breath.
Pros of Lympo
My favorite part of Lympo is that I am able to create and earn actual cryptocurrency by walking. Once I earn enough, I can simply pay a small “crypto” fee, and have real cryptocurrency in my digital wallet.
I’m a big fan of the TV show SharkTank and a fan of Mark Cuban. He has partnered with Lympo and his confidence in this app, gives me confidence that it will be a success longterm.
The biggest pro to this app is that it gets people moving. It provides monetary incentives and motivation to get off the couch and get moving.
When I first started using the app, I was excited when each challenge would appear and I would drop what I was doing and go for a walk, or I would use the steps that I had already accumulated during the day to finish the challenge. The app does a really good job of creating and keeping your attention.
This is great if you want or need motivation to be more active. I, on the other hand, walk, bike and workout daily(look at me tooting my own horn) and was just looking for an app that would passively reward me for what I was already doing. Which brings us to what I consider some of the cons of the Lympo app.
Cons of Lympo
The screen, and mental time spent optimizing your earnings on this app far outweigh the benefits, in my opinion. I mean, really, who wants to check in every single hour to earn these tokens that are worth fractions of pennies?
You will need to check the app in the morning and enter your health stats, then you will need to watch a quick ad, then another in an hour, and another in an hour, and so on and so on all day long. Then there are the challenges that are posted at different times of the day and you have to be aware of them or they will expire. This is great if you want to be reminded constantly to get moving (which is good), but it became tedious for me.
Who wants to make sure to start challenges and enter their steps several times a day to avoid missing out on potential tokens? I don’t, unless the reward were much greater. I really think this should be more automated. (he complains about a fitness app)
One other drawback to this system is that you will probably earn more points during the day if you check in each hour to watch a 15 to 30 second video, than you will by walking 6 or 7 miles. So, what is the real goal? To get you moving or to get you to watch commercials?
Another little gripe I have with the tokens for steps is that twice I have ended the day with over 7000 steps that couldn’t be used for challenges. I had completed all six of my challenges and still had plenty left over. That was a bit de-motivating to walk anymore than I needed to.
The second major problem with the app is the lack of anything good (except crypto cash) to redeem your Lympo tokens for. As I am typing this there is NOTHING to buy with the Lympo tokens. The best, and really only thing of value is to wait until you have 5000 LYM tokens and transfer them to your digital wallet.
Those 5000 LYM tokens are worth about $6.50 at .0013 per token. (today’s rate on coingecko.)
Other than the currency transfer, you could purchase discounts on many other things like clothes, CBD products, earbuds, etc. Like I said, nothing to get excited about.
Questions About Lympo
Can you earn Lympo tokens biking?
It certainly seems so. I biked for 20 minutes at 12 mph on a beach cruiser and I registered almost the same amount of steps as I would walking a 20 minute mile…about 1900.
Can you cheat and get extra Lympo tokens?
First of all, you would be in violation of Lympo’s Terms and Conditions. Secondly, It wouldn’t make a whole lot of sense, being that the daily maximum tokens is capped. You might as well, just walk.
Who is Lympo’s biggest competitor?
Sweatcoin is another app that pays you to walk. I have written an in depth review of Sweatcoin here. There are some significant differences which you will see in the review.
The 2 main differences are:
- Sweatcoin is more “set it and forget it.” Once you have set up the app, it counts your steps and converts them all (up to a daily cap) to sweatcoins. No need to check it every hour.
- At the time of this writing Sweatcoins had more merchandise to select from to redeem for your tokens. There was no way to convert them to cash, however.
Final Thoughts
So, do I like it? Will I keep using it? Yes. Even after all the negatives I found. I think they are all things that can and will be fixed. I understand the daily cap. Unlimited steps would attract cheaters.
I’m sure more partners will come on board and offer better products to get for the Lympo tokens. But I’m sticking around mainly because I want to earn LYM to add to my digital wallet passively.
So, yes I will keep using Lympo, just not as actively, as they would like me to. I will check in whenever it crosses my mind to, and will tap a few buttons and go back to walking and slowly earning. Well, that’s it.
As always…
Earn what you’re worth…and more!
Anderson