How LiONN aims to integrate Web3.0 in its ecosystem as part of a bigger picture of making sport data more available and impactful.
Our Exercise-To-Earn (E2E) model leverages advanced machine learning technology to revolutionize athletic training and reward. Using AI with Google ML Kit for Pose Detection, we accurately track and record athletes' training sessions, ensuring precise monitoring of their effort and progress.
Here's how it works:
1. Pose Detection - Athletes' movements are captured in real-time
2. Effort Certification - Recorded data is verified to ensure athletes' efforts meet required standards.
3. Token Rewards - Once the predefined goals are achieved the athletes are rewarded with $ONN token.
The E2E model not only motivates athletes to push their limits but also ensures transparency and fairness
in the reward system.
At the core of LiONN is our Exercise-To-Earn (E2E) tokenomics model, where will be released 0.007% $ONN daily over 20 years, totalling 2,400,000,000.00 $ONN tokens.
The daily release of tokens is distributed to all competitors according to the activities performed and all participants will be rewarded for athletic and physical efforts.
The higher the position on the daily ranking and the Level multiplier, the more tokens are earned.
Distribution Logic:
Base Reward: 50% of the daily reward pool distributed equally to all users who complete their daily exercises.
Level-Based Rewards: 30% of the daily reward pool distributed based on total reps completed based on user level.
Ranking-Based Rewards: 20% of the daily reward pool distributed based on user rankings.
Users will be able to lock $ONN tokens in between web3 staking/burning and subscription, which will unlock profile features such as analytics, reports, premium content, and more.
MVP: $ONN 3X
PRO: $ONN 2X
BASE: $ONN X
The amounts will be decided by the Foundation, DAO and community depending on the fluctuating value of the tokens.
While not generating revenues directly it is another way for which the circulating supply will be controlled and limited, hereby granting value to the token $ONN.
NFT trophies become available when a user's status or progress meets specific criteria, for example:
- 14-day exercise streak
- Exercises 1000 times
- Team creation and participation
In the future, we aim to transform user’s NFT evolving them also into health record cards that contains vital health data and historical achievements that can be shared and accessed by third parties like insurance companies, doctors and personal trainers
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