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LynchPin ICO

ICO
Past
Nov 15, 2018 – May 01, 2019

The fundamental purpose of LYN token is to solve several of the most critical issues related to cryptocurrencies and become a universal utility token that can be used as a safe medium of exchange without fearing its intrinsic value will be affected by volatility (triggered mainly by pure speculation).

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LynchPin ICO ratings

ICObench.com LynchPin icobench 4.2 / 5
ICOmarks.com LynchPin icomarks 9.3 / 10
TrackICO.io LynchPin trackico 5 / 5
ICOholder.com LynchPin icoholder 4.3 / 5
Our rating
9.1
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Overview

Project industry Exchanges & Wallets
Product type Cryptocurrency
Founded Estonia

What is LynchPin

Blockchain technology, altcoins, and cryptocurrencies such as Bitcoin, are buzzwords that have changed the way people understand and perceive today’s economy, as well as full-blown industries such as banking or finance. Ever since Bitcoin went mainstream, a multitude of disruptive ideas and assumptions surrounding cryptocurrencies have emerged.

Industry innovators constantly claim that they have found pioneering implementations for Blockchain technology and cryptocurrency to the end user. However, they haven’t been able to achieve much because volatility still gets in the way of mass adoption. Is cryptocurrency a universal medium of exchange? No, it’s not.

Industry experts have come up with promising projects over the years, however, they haven’t been able to develop complete solutions. In the absence of a stable universal token, the end user is compelled to use different platforms and different cryptocurrencies to perform different online activities.

The global economy needs a universal cryptocurrency; a stable token that operates on a single platform and is able to accommodate a vast array of commercial activities (e.g. e-commerce, Point of sale (P.O.S) merchants, online gaming, social streaming, payment for accommodation, food, and more) linked to a form of payment, one way or another. This is where LYN token (LYN) comes in. Its goal is to develop a token that can act as a universal exchange medium capable of providing true value to a cryptocurrency.

VISION

In January 2018, the global crypto market surpassed $700 billion. And yet, although more than 6 million people use a crypto wallet, cryptocurrencies don't seem to have a financial or commercial use. Most investors buy low and sell high; only a very small percentage hold for long period of time because, whether we like it or not, the whole industry is seen as bubble that’s about to burst.

One of the main reasons big companies don’t issue their own token is volatility. Most of them are ”crypto assets" because they're not treated as currency. But then again, if cryptocurrency can’t be compared with the EUR or USD, it will never be used as a universal currency.

The vision is to create a token that solves these major problems in the industry:

  • Volatility. One of the reasons volatility is created in the market is due to new coins added to the supply, triggering huge volatility as whales control the mining market due to early adoption, which triggers a supply created at very little cost. New adopters or token/coin buyers get affected as they enter the market at the last traded price. There is a cost of inflation that is not accounted for, meaning that if is a correction happens, they will feel the burn the most.
  • Lack of intrinsic value. There’s little value in cryptocurrencies because most tokens don’t have a real use. What we're trying to do is create real value by making our Lyn token a viable medium of exchange; therefore providing price stability in the market.
  • Inflation and deflation. Our token stops inflation because we will use a fixed supply method. No new tokens will be created through mining or staking because Lyn token uses the Ethereum Blockchain to confirm transactions. We believe in using the decimal points which were created to increase the price and value of the token, instead of creating more supply to deflate or devalue its price.
  • Lack of utility. Utility solves adoption as our Lyn token is not limited to just trading in exchanges which creates the position of the currency being speculative.

We strongly believe that LYN token will be able to answer the 4 pain points mentioned above. Truth be told, hype does help to keep the crypto market afloat. It can spread the word globally, and bring more and more people into the crypto space. However, hype usually backfires and the result is an overextension of the markets forces.

2017 was an excellent year for the crypto market. With Bitcoin reaching almost $20,000, most altcoins followed on the footsteps touching unthinkable highs. But as we entered 2018, many tokens had to face the consequences brought on by pure speculation and dumpers hunting for the easiest ways to get a return on their investment.

Interest, volume, and prices started declining, even though the underlying technical principles and coding work remained the same. Cryptocurrencies are decentralized forms of trading value by nature. That’s why the dollar prices made available on various charts are set by the overall market, as opposed to a centralized entity influencing price in one direction or another.

The overall value or price of a token or coin is defined by trading volume (buy/sell) on different exchanges. Regardless of the real value of a token and intrinsic value, many times the price skyrockets due to hype and speculation. Sudden spikes occur because the crypto market boasts with hundreds of ”influencers” that plague the industry with unfounded allegations. The end result: tremendous volatility since speculation and word of mouth circulates a lot faster than real adoption.

Lynchpin (LYN) token enters the scene with a clear purpose: to build an ecosystem and many mediums of exchange where token utility prevails. By providing multiple initial uses for LYN, we aim to create stability.

Details

Public sales: Nov 15, 2018 - May 01, 2019
Token supply: 5,000,000 LYN
Total tokens for sale: 4,000,000 LYN
Soft cap: 9,000,000 USD
Hard cap: 19,500,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: China, Sudan, Syria, United States, North Korea
Registration country: Estonia
Registration year: 2018
Office address: Asha Financial, Laeva tn2, Kesklinna linnarosa, Tallinn, Harju maakond, 10111

Token info

Ticker: LYN
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 LYN = 5 USD
Accepted currencies: ETH, BTC
Bonus program:
ICO phase 1 (15 Nov - 23 Dec) - 10%
ICO phase 2 (01 Jan - 26 Feb) - 5%
Token distribution:
40% - private sale
40% - public sale
20% - team
Funds allocation:
5% Reserve
5% Security
5% Legal
10% Business Development
10% Development
15% Marketing
50% Ecosystem

LynchPin Roadmap

1
10th September 2018

Pre ICO preparations.

2
15th October 2018

Press conference in Cambodia with announcement of first few merchants signed up on Lynpay merchant adoption program.

3
31st October 2018

Lynpay payment solutions participation in indocomm trade show Jakarta.

4
1st November 2018

ICO Private Sale Starts.

5
3rd November 2018

Lynchpin token participation In Southeast Asia Blockchain Summit 2018.

6
15th November 2018

ICO Public Sale (1st Round).

7
26th November 2018

Unveiling of prototype Lynpay VIP metal debit card.

8
10th December 2018

Launch of Lynpay multi currency wallet.

9
23th December 2018

End of ICO Public Sale (1st Round).

10
1st January 2019

ICO Public Sale (2nd Round).

11
30th January 2019

Gobuybid.com e commerce beta launch and testing phase starts.

12
26th February 2019

End of ICO Public Sale (2nd Round).

13
1st March 2019

ICO Public Sale starts (3rd Round).

14
1st April 2019

Lynpay solutions payment integration on all Rmp games online gaming platforms.

15
15th April 2019

Gobuybid.com go live with both e commerce and bidding platform.

16
1st May 2019

End of ICO public sale (3rd round).

17
15th May 2019

Delivery phase 1 of Lynpay merchant adoption process.

18
1st June 2019

Lynpay payment solutions will start to accept BTC and ETH;
Delivery phase 2 of LynPay merchant adoption process.

19
1st July 2019

Delivery phase 3 of Lynpay merchant adoption process.

20
1st August 2019

Delivery phase 4 of Lynpay merchant adoption process.

21
10th September 2019

Launch of Lynpay debit card solutions;
Delivery phase 5 of Lynpay merchant adoption process.

Project team

Mohammad Az-Zahari Bin Ahmad Kamil
Mohammad Az-Zahari Bin Ahmad Kamil
Project Lead/Operations Lead
linkedin
Eugene Chygyrin
Eugene Chygyrin
Community Lead
linkedin
Piyush Gupta
Piyush Gupta
Smart Contract Developer
linkedin
Ioana Paicu
Ioana Paicu
Content Specialist
linkedin
Moshin Saeed
Moshin Saeed
Social Media Specialist
linkedin
Tudor Nechita
Tudor Nechita
Graphics Design Specialist
linkedin
Andrey Romanov
Andrey Romanov
Community Support
linkedin

Advisors

Advisor in LynchPin - 8
Jack Tsai
Advisor
linkedin
Advisor in LynchPin - 9
Dato' Sharil Goh Fadhil
Advisor
linkedin
Founder at RMP Games in LynchPin - 10
Christian Jay Fababier
Founder at RMP Games
linkedin
RMP Games Developer in LynchPin - 11
Junaid
RMP Games Developer
linkedin
Go Buy Bid Pte Ltd in LynchPin - 12
Nizam Nasir
Go Buy Bid Pte Ltd
linkedin

Social media

Web-site Medium: LynchPin YouTube: LynchPin Telegram: LynchPin BTCTalk: LynchPin LinkedIn: LynchPin Twitter: LynchPin Facebook: LynchPin Github: LynchPin

User rating:

5/5 ( 1 )

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