AMA Recap — Limoverse x ProBit Global

Speaker: Aditya Narayan

Co-Founder

Part 1 — Introduction

• Please provide our audience with an overview of the project — what problems does Limoverse seek to address? And what have you set out to accomplish?

Limoverse envisions of being the most comprehensive health and wellness ecosystem built on the blockchain. The vision of the company is to create a wellness economy by providing a rewarding infrastructure for all by harnessing the power of web3.

The healthcare industry or as Big Pharma has it, the sickness industry is very fragmented and practitioners across regions often have contradicting views on human wellness. Our founder, Mr Sajeev Nair having spent over two decades in the wellness industry, realised the importance of preventive healthcare early on in his career and all his companies aim to make people aware of the benefits of preventive healthcare. Limoverse stands on the forefront of these efforts by ensuring that people are incentivised as well as constantly motivated to achieve their wellness goals.

As we speak, there are over 200k+ downloads on our app and a total of 5.8 million kms run by our community.

• What is the utility of the LIMO token, and can you tell us about its features?

Limo token powers the entire wellness economy within Limoverse. As of now, it’s used in the Healthfi project to repair sneaker NFTs which yield Limos for people accomplishing their daily move targets.

It can also be used to buy wellness products and services from various health and wellness practitioners across the app. We’re constantly adding on that supply to provide our users more options for their wellness needs.

We’re also speaking with multiple partners both in the web3 and web2 ecosystems to incorporate Limo as their ecosystem currency. This will increase the utility of Limos across several ecosystems with the unified goal of making wellness accessible and affordable for all.

• Can you tell us a bit about your tokenomics and project fundamentals?

The detailed tokenomics is on our whitepaper and can be found on limo.limoverse.io but to summarise that, a staggering 41% of our total supply is reserved for rewards. These are further divided into 32% as the ecosystem rewards which conforms to our vision of building a rewarding infrastructure for our motivated users to incentivise them to achieve their health goals and 9% as staking rewards for long-term token holders.

The tokenomics is meticulously designed to ensure long-term vision of the company as well as keeping the interests of the token holders in mind.

The token is on the Binance smart chain and follows the BEP20 standards.

• What’s something unique that LIMO is doing which sets you apart?

Unlike other tokens or projects which are primarily focussing on one aspect of wellness that is M2E, Limoverse is a holistic wellness ecosystem, Move2Earn is just a small part of our ecosystem. There is no single project that focuses on the overall wellness of their users. If you follow our socials and our community meetups you will realise this is an ecosystem built by wellness professionals with the singular aim of keeping wellness above all.

• What does the roadmap look like for LIMO?

Currently only 10% of our roadmap is live, 2024 is a huge year for us. We’re working on finishing our new app which will bring a wider ecosystem to the world. With this launch, people will be able to access courses, coaches, and several wellness services within the app. I wouldn’t want to mention a lot of intricate details about our new app but something that I’m particularly very excited about is the use of AI to enhance wellness. We’re building a AI powered fitness coach which will make your home workout experience extremely seamless. I would encourage everyone to follow our socials to stay updated on this.

In short, this will be our biggest launch ever and just to let everyone know, We’re just getting started.

• What are your major goals for 2023 and beyond?

This answer is a continuation of the above question. Most projects or products that we’ve launched have been well received by our community and as a result we’ve always been a revenue-first company. We’ve been generating revenue through our existing offerings and with our wider ecosystem being launched soon we want to ensure we’re transparently heading towards profitability and creating immense value for our token holders and supporters. We absolutely cherish our community and to ensure that at every step we are creating value for them not just in terms of increased token value but also creating earning opportunities within the ecosystem. That’s our biggest goal for the year to come.

Part 2 — Twitter Questions

Question 1 is from @ / chimponzi_jam who asks:

In Limoverse’s concept of AI, how does the platform strike a balance to create and provide personalized recommendations that genuinely adapt to users’ needs and preferences?

Answer:

The AI that we have, like most AI models, works on the data that is provided and shared with it, with the multiple integrations that we have in place with wearables and other health devices, it will help us to create a robust, safe and transparent AI ecosystem with more personalized options. I’m particularly excited about our AI fitness instructor which takes in input from wearables as well as visual movements from the device camera.

Question 2 comes from @ / lipe_great:

In what ways does the underlying technology of NFTs extend beyond speculation, and how does it offer ownership for digital assets, benefiting creators, collectors, and businesses in various industries?

NFTs are a subset of digital ownership which has been a proven successful use case of digital assets and the ownership associated with it. Our NFTs work more as a subscription which gives them an inlet to our ecosystem. But the true form of digital ownership will come a little later in our roadmap where people will be able to own fractionally and completely land and other assets in our wellness metaverse.

We’ve got @ / Alex5555223 with Question 3:

How does Limoverse ensure the security and privacy of personal health data gathered from wearables and apps, considering the sensitivity of health-related information?

Answer:

All health data is encrypted and stored with all security protocols in place. Also, currently we are not using the health data or pooling it any way but we intend to create data pools and users will have full control over sharing their data. As a part of DataFi, a future product of ours, users explicitly allowed to share their data with our partners will be rewarded. Owning and Monetising your data is what makes web3 even more intriguing and we want to use it to add more value for our community.

Now on to Question 4, from @ /_BriAntwanette :

In what ways does the ProBit listing contribute to Limoverse’s goal of breaking new ground in the wellness industry, especially in terms of leveraging Web 3 technology to empower individuals and communities?

Answer:

ProBit Global is a really popular exchange and we’re working together with a brilliant team to amplify our vision of Health for all :)

With more such partnerships, we will reach our goal faster. Community is the fabric of web3 and collaborating with such projects is what will take Limoverse the distance.

Question 5 comes from @Keylo190:

And last but not least, Question 5 comes from @ / laisfernanda97 who asks: Could you elaborate on the role of Limoverse in providing solutions for middle-class families and individuals who may be at risk of financial instability due to healthcare expenses?

Answer:

Sajeev Nair, our co-founder and chairman has spent the last 20 years in the wellness industry and a lot of his efforts both in technology and philanthropy have been focussed on making Health accessible to all irrespective of their financial backgrounds.

We keep running several quests, airdrops, etc to ensure people get a change to enter our ecosystem through our healthFi NFTs, some of the NFTs are very very reasonably with ROIs reaching as high at 90% in a single year.

HealthFi project was launched first with the intention that people can earn and accumulate Limos which they can further use for successive projects to use other health and wellness services. You accumulate Limos now to invest in your health later when we launch our new app. That was the goal and I believe we’ve managed to help a lot of people achieve that goal in a very short period. You can also check out our social series “Superhumans of Limoverse” where we highlight these stories of our community members who’ve been significantly impacted by us on their way to achieve their goals.

Part 3 — Live Quiz

• Aditya Narayan is the co-founder and CEO of Limoverse, who is the other co-founder and chairman of Limoverse?

Sajeev Nair

• Question 2: What % of our ecosystem is reserved for staking rewards?

9%

• Question 3: As announced on our socials, what did we launch yesterday?

Limited edition NFTs

• Question 4: Which blockchain are we built on?

BSC

• Question 5: How many app downloads does the Limoverse app have?

200k+ (over 200,000)

Part 4 — Retweet Raffle

@ / MrSecretes

@ / aderachmansyah0

@ / Erica_1523

@ / norra9000

@ / Linhsusu_1

@ / febric874

@ / RKCornwall

@ / ChieroDeko6242

@ / ARVIN46

@ / smarterboy5133

And that brings to a close our AMA! Thanks to everyone who participated to make this event a success! Thank you, especially, to the Limoverse team for the great AMA session! We are pretty sure our community now knows better about the Limoverse project & team!

Our Limoverse trading competition opens tomorrow, and you can find it right here on ProBit Global: https://www.probit.com/competition/202312limo