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White Paper
Amazing Reward Plan in
VYVO Life Log
Building passive income by using a
VYVO Smart Technology
an opportunity enabled by
VYVO Big Data on blockchain!
1. INTRODUCTION 3
Applications of Wearable Sensors
4. OUR MISSION 5
• Launching an Exciting Reward system for Efficient Users
It is configured in the way of generating the tokens for Why is it called passive income? The reason for this is
every data block that is uploaded from the wearables. that income is generated simply by registering and
The VYVO Smart App collects the biodata from the wearing a VYVO device, staying connected and staying
users VYVO wearable devices, anonymizes it and adds active. This is the only requirement for the VYVO Big
them into a database. Data business framework to function; develop the
database and generate data.
Successively the measurements are secured on
blockchain where blocks of data are hashed periodically. 5.1 VYVO Token Calculation
For instance, we could say that for 12 blocks one token The volume of the data stream combines to form a
will be assigned to the users and each block is generat- VYVO Data Block, which brings forth rewards in the
ed from a variable measurements number. The required shape of VYVO Tokens. Depending on the prevailed
number of tokens or blocks is reliant on the sales count difficulty level, one Data Block has been generated with
of devices and their usage. We can adjust the token that each user’s volume of data streams. When it comes to
is dynamically assigned to the users initiating a difficulty blockchain language, this is the amount of work
level and the measurement number for the block required to generate token and from the perspective of
building. the reward, it is reflected in the share of the total reward
available based upon user Data Stream volume
Users can accumulate the token in a ERC20 utility token produced during a certain period.
wallet and they can exchange either in a centralized and
decentralized platform. It is easy for this system to allow Each user can receive tokens from the data streaming,
the user to monetize their token and create a dividend according to the initial generated token number.
as well. The buyer can collect the data from our compa-
ny only after buying the tokens from the exchange. After
acquiring the respective tokens, they have the ability to
spend them to purchase the data from us. Our profit
share is 30% of the token and the remaining 70% will be
shared. Using this mechanism users can also earn
through selling their token to buyers thereby user will
get 70% of the share of data selling revenue.
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In detail, the reward system is managed through a 5.2 VYVO Token use
sophisticated algorithm able to asses the difficulty
factor of converting the blocks into VYVO Token. Each user can manage their Token within the dedicated
VYVO WALLET Portal and:
All the data produced from each device contributes to
create the data blocks. Each block is built thanks to a • Pay for VYVO Products at discounted prices
variable quantity of data and this conversion is defined VYVO Token can be spent to purchase new VYVO
from the admin side. Each data is a single measurement products inside the VYVO Store, getting benefits of
performed automatically, or manually, from any VYVO special discounts.
device.
• Pay at any NFC POS around the world using
The blocks completed in whole or in part, all contribute VYVO Pay
in determining an assigned amount of VYVO Tokens, VYVO Token can be spent using VYVO Pay at any
through their respective difficulty factor. The factor of the millions NFC POS around the world. No
depends on the overall number of active devices, on the conversion, selling, or trading is required prior to
quantity of built blocks and on the revenues, derived spending VYVO Token.
from the purchase of data from buyers. Other environ-
ment condition can affect the variation of the difficulty • Real-time Exchange to fiat currency
factor and the token allocation, like the issued token Real-time exchange of VYVO Token to fiat currency
inflation or deflation. All these factors are raised, without trading risks. Available at any time for users
considered and processed within the algorithm's who decide to exchange their Tokens.
calculations.
• Exchange between users (P2P)
VYVO Token can be sent or received to or from any
user, to any available ERC20 utility token Wallet on
Ethereum
12
Long-time Wearable users will likely be compensated Token Contract ERC20 Standard
with rewards as a token, from selling the users'
anonymized data to the various health enterprises etc. Decimal 8
The token details are given below for your reference.
Total Supply 2,000,000,000