Lynchpin (Lynchpin) Review

Lynchpin (LYN) is the ERC20 token that was entrusted with a mission to address all major problems of the contemporary cryptocurrency market, a very ambitious goal with a hint of arrogance. Nevertheless, apart from being...


Industry: gaming


Description

Lynchpin (LYN) is the ERC20 token that was entrusted with a mission to address all major problems of the contemporary cryptocurrency market, a very ambitious goal with a hint of arrogance. Nevertheless, apart from being somewhat overly-optimistic, the Lynchpin project has a solid foundation in the form of the well-elaborated ecosystem which includes the payment solution, the e-commerce platform, the game development company, and the utility token to fuel the entire network.

In their whitepaper, the Lynchpin team has outlined four major problems that they intend to tackle through the implementation of their vision into life. The volatility of the cryptocurrency market. Lynchpin will attempt to address this issue by creating a viable balance within the ‘supply-demand-price’ axis. They expect to achieve such a balance thanks to the real adoption of Lynchpin products and services. For instance, one can purchase a commodity at a lucrative price on the e-commerce platform using LYN that would ultimately create a demand for both the good and the token.

The actual value of cryptocurrencies. No one is going to argue the fact that most cryptocurrencies are no more than speculative tools, the price of which is determined solely by the market behavior and the media buzz. What Lynchpin team intends to do is to peg the value to their token to the the price of various physical goods thus creating a new variety of stable coin. The real use cases. One could buy a physical commodity using only a handful of cryptocurrencies, which is undoubtedly a huge drawback. Lynchpin will try to resolve that problem by utilizing their e-commerce platform and creating some sort of compatibility between LYN and fiat money. Apparently, they will simply introduce the token as a mean of payment on the platform.

High inflation caused by mining and the overindulgence in promotional campaigns. Lynchpin is going to challenge the inflation by opting out of such features as mining, staking, bounty, and airdrop programs. Lynchpin will make use of the LYN token within the ecosystem built on the partnership with other three Asian companies: LynPay Solutions, GoBuyBid.com, and RMP Games. LynPay Solutions is a Singaporean company engaged in the development of POS systems and debit card programs. Its main task is to create a payment terminal that will accept LynPay cryptocurrency debit card and serve as a passageway between crypto and fiat settlement systems.  

GoBuyBid is an e-commerce platform that will become a centerpiece of the LYN token ecosystem because it will serve as a mean for creating real value for the native token. The principal idea of this initiative is to provide cryptocurrency holders with an opportunity to buy high-end luxury goods at an affordable price using LYN. RMP Games. The Philippines-based video game developing company that will become a gateway to the Lynchpin ecosystem for the global audience of gamers. Lynchpin is currently in the 3rd phase of token sale that will last till May 1. The overall supply of tokens is estimated at 5 million LYN with 4 million allocated for sale. The price of 1 LYN is $5. Lynchpin hasn’t imposed any restrictions with regard to the citizens of the countries that aren’t often admitted to ICOs, such as the United States or China. Once the ICO is completed, Lynchpin plans to initiate the full-scale adoption of their merchant solution.


Features

  • A token that solves critical problems in the cryptocurrency industry

Founded: 2018, Estonia


Social networks


Conversion Block

  • Token LYN
  • Type Utility
  • PreICO Price 1 LYN = 4.5 USD
  • Price 1 LYN = 5 USD
  • Platform Ethereum
  • Accepting ETH, BTC
  • Soft cap 9,000,000 USD
  • Hard cap 19,500,000 USD
  • Country Estonia
  • Whitelist/KYC Whitelist
  • Restricted areas None

More on ICO


Technical details

  • Token LYN
  • Platform Ethereum
  • Type ERC20
  • PreICO price 1 LYN = 4.5 USD
  • Price in ICO 5.0000 USD
  • Tokens for sale 4,000,000
  • Accepting ETH, BTC
  • Distributed in ICO 80%
  • Soft cap 9,000,000 USD
  • Hard cap 19,500,000 USD


Milestones

  • 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; Delivery phase 2 of LynPay merchant adoption process.
  • 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; Delivery phase 5 of Lynpay merchant adoption process.

Team

  • Mohammad Az-Zahari Bin Ahmad Kamil Project Lead/Operations Lead
  • Carla Carlos Financial Lead
  • Frederick Lund Legal Advisor
  • Sheraz Arshad Smart Contract Lead
  • Jason Lin Business Development Lead
  • Eugene Chygyrin Community Lead
  • Piyush Gupta Smart Contract Developer
  • Ioana Paicu Content Specialist
  • Moshin Saeed Social Media Specialist
  • Tudor Nechita Graphics Design Specialist
  • Andrey Romanov Community Support
Industry Payments
Lynchpin
Start:November 15, 2018
End:May 1, 2019
Token:n/a
Soft cap:n/a
Hard cap:n/a
Minimum investment:n/a
Tokens for sale:n/a
Accepting:n/a

I've never been so excited about ICOs than I have in the last few months. There's finally an influx of interesting ICOs, and I think it's because crypto winter truly destroyed all the scam coins that were popping up left and right. It was hard to even look at the ICO market last year, but 2019 is bringing some hot coins! Lynchpin is going to be an exciting project, and I'd be surprised if it doesn't end up as an IEO on Binance or Huobi. Arrogance is a huge problem with ICOs and the crypto market in general, so it'll be ea breath of fresh air to watch Lynchpin change the game.

Lawrence   April 5, 2019  

Removing bounty program from an ICO will surely cause disappointments to a range of investors, but this is done to protect their (investors') interests actually. Removing the bounties can cause a strong price movement for the token, same as concerns airdrops and other coin giveaways.

Randell   March 7, 2019  

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