The Lynchpin Token, LYN, is new cryptocurrency that’s been developed in a bid to break away from the existing market’s patterns, prone to inflation, with a stable coin to move the industry forward.
The fundamental objective of LYN token is to become a universal utility token that can be used as a safe means of exchange, without fearing its value will be affected by volatility, triggered mainly by speculation.
The way in which Lynchpin propose to provide this stability is with an effective supply and demand tokenomics model, which addresses some of major problems with cryptocurrencies today.
Problem: Unfounded price increase based upon hype
Hype brings in speculators faster than real adoption could take place. When this happens a crash or correction is inevitable, which is exactly what happened this year in 2018 with Bitcoin.Solution: Price increase based on real adoption
Price increase based on real adoption raises at a steady pace, as it is based on genuine supply and demand. Lynchpin provides a medium where the LYN token is needed as an exchange for goods and services.Various e-commerce merchants have and will partner with Lynchpin to use LYN as the foremost method of payment. As well, LYN will be operable via proprietary products such as: LynPay debit card, LynPay POS machines, and LynPay multi-currency wallet, alongside a merchant adoption program.
Problem: Many cryptocurrencies have no real value
Most cryptocurrencies offer a vision, a prospect, or a concept that might work in the future, but more often than not there is no tangible evidence or action taken to support their claims.Solution: Creating real value of the LYN cryptocurrency
Lynchpin has created a utility token with advantages apparent now, before the token even hits exchanges.
Problem: Inflation
Corrections often occur as a result of inflation, by the staking or mining new coins/tokens which consequently diminishes the value of the token. Ultimately, this hits those who invested last the hardest.Solution: Limited token supply
Rather than creating a new token supply, Lynchpin has embraced the Ethereum network and elects to pay its gas fees.Thus, LYN token has a limited supply of only 5 million LYN (3 million will be locked for 12 months, leaving only 2 million in circulation). The project is not offering any free tokens via airdrops or bounties in order to create more demand and ensure the constant increase in price of LYN. This further strengthens real adoption, by avoiding random investors who only participate because it’s free and have no true concern for the project and using the token for its real utility.
Due to LYN token being based upon the Ethereum network’s 18 decimal point model, the amount of participants is unlimited, as well as its potential to increase in value.
The price of the LYN will ultimately be mandated by its supply and demand. With that said, the project anticipates the value of LYN to vastly augment by up to 10-20x within the first year as a result of its real utility by real adopters and the limited supply of circulating tokens.
Lynchpin’s proposed solutions to counteract the industries critical problems, of: speculation, lack of real value, and inflation, with: real adopters, real value, and a limited token supply, is how the LYN token is premeditated to achieve stability in the market.
The first round of the Lynchpin Token’s public token sale is on now, until the 23-Dec-2018. The project believes that support can come in any form, therefore no minimum spend is required to buy LYN tokens.
To find out more about Lynchpin check out LynToken.com, or join the community to stay updated with latest news and updates, on Facebook, Twitter and Linkedin.