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.
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:
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.
10th September 2018
Pre ICO preparations.
15th October 2018
Press conference in Cambodia with announcement of first few merchants signed up on Lynpay merchant adoption program.
31st October 2018
Lynpay payment solutions participation in indocomm trade show Jakarta.
1st November 2018
ICO Private Sale Starts.
3rd November 2018
Lynchpin token participation In Southeast Asia Blockchain Summit 2018.
15th November 2018
ICO Public Sale (1st Round).
26th November 2018
Unveiling of prototype Lynpay VIP metal debit card.
10th December 2018
Launch of Lynpay multi currency wallet.
23th December 2018
End of ICO Public Sale (1st Round).
1st January 2019
ICO Public Sale (2nd Round).
30th January 2019
Gobuybid.com e commerce beta launch and testing phase starts.
26th February 2019
End of ICO Public Sale (2nd Round).
1st March 2019
ICO Public Sale starts (3rd Round).
1st April 2019
Lynpay solutions payment integration on all Rmp games online gaming platforms.
15th April 2019
Gobuybid.com go live with both e commerce and bidding platform.
1st May 2019
End of ICO public sale (3rd round).
15th May 2019
Delivery phase 1 of Lynpay merchant adoption process.
1st June 2019
Lynpay payment solutions will start to accept BTC and ETH;
1st July 2019
Delivery phase 3 of Lynpay merchant adoption process.
1st August 2019
Delivery phase 4 of Lynpay merchant adoption process.
10th September 2019
Launch of Lynpay debit card solutions;
Mohammad Az-Zahari Bin Ahmad Kamil
Project Lead/Operations Lead
Smart Contract Developer
Social Media Specialist
Graphics Design Specialist
Dato' Sharil Goh Fadhil
Christian Jay Fababier
Founder at RMP Games
RMP Games Developer
Go Buy Bid Pte Ltd
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