According to a VYVO press release:
VYVO presented an innovative project able to complete and integrate its technology offers and to project the company into a cutting-edge sector: VYVO Token.
The project has been implemented to create a data streaming system based on anonymised individual health and wellness biodata, captured directly from VYVO wearable devices in real-time.This secure data project on the blockchain has been developed, starting from the introduction of the VYVO Token as an ERC-20 token on the Ethereum blockchain.
VYVO appreciates the significance of maintaining the wearable device continuously connected, as well as the flourishing VYVO sales. Both of these have had an effect on raising the value of the database and augmenting the client’s payments via selling Big Data on the Blockchain.
Accordingly, these conditions have allowed VYVO to define an innovative reward system for all the VYVO device wearers, based on the amount of anonymised data produced and hashed on the Blockchain.
The process is very simple and smart; the daily anonymised biodata collected from the VYVO devices, are added into a database and secured on the blockchain where blocks of data are hashed periodically. For a variable number of blocks, one token will be assigned to the users, and each block is generated from a variable measurement number. So, the users can accumulate the token in an ERC-20 utility token wallet, and they can exchange either in a centralised and decentralised platform and can also be withdrawn and used for any kind of payment around the world.
The VYVO Token is a utility token (not a security) used as a reward for the participants in the VYVO A.I. Big Data crowdsourcing project. The token cannot be bought from the company, and anyone can make any investment in the tokens; no ICO or fundraising are involved. The participants are able to use their Utility Token to buy VYVO products and services or to exchange them in traditional currency.
All the VYVO users are wearing their devices to monitoring their well-being and also to contribute and benefit from the VYVO Token revolution: Create the Largest Big Data A.I. platform completely based on and secured with Blockchain technology.
Thanks to millions of people around the world, more than 20 million data points per month are hashed on the Blockchain and contribute to generate a tremendous reward for all the users of this technology.
The just integrated Original Credit Transaction (OCT) payment method allows the ability to receive payments directly on users’ existing debit and credit cards, and sets up the VYVO Token project for success, granting users rewards and the ability to use these tokens for any payment worldwide.
This unique opportunity is creating a disruptive market that is shaking the foundations, together with the positive momentum registered from the Company, and it is positioning VYVO at the forefront in shaping the future of the health and wellness sector.
About Vyvo Inc
We are a technology and network marketing company, using technology to create innovative solutions for the personalized health and wellness market worldwide. We are focused on developing consumer-oriented products that protect, monitor and empower people to improve their health through daily knowledge and informed choices. We create customized solutions to help our customers manage their most important asset, themselves and their life.
Our technology driven mission matches our network marketing soul. We are all about expanding concepts of personal growth and development, not only focusing on health but also on prosperity and economic wellbeing. For more information, please see www.vyvo.com
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