LYNCHPIN (LYN) Listing on ChainX

ChainX

Published in

ChainX Exchange

Nov 12, 2020

LYNCHPIN (LYN) will be listed on November 12 at 19:00(KST).
Trading Pair : LYN/KRW

About LYNCHPIN (Website : https://lyntoken.com/)

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).

LYN is created on the Ethereum Blockchain, which also acts as the confirmation network. To combat inflation, LYN won’t be dependent on POW mining or POS staking.

Also, during the ICO, there will be no bounty campaign to make sure inflation doesn’t affect the value of the token, and LYN preserves its stability.

Token Specifications

LYN token is an ERC-20 type of token that implements all standard functions of ERC-20 compliant exchanges.

The token standard abides by the rules that apply to all ERC-20 tokens on the Ethereum Blockchain. Simply put, it gives a definition to the common rules that are applicable to all Ethereum-based tokens, thus providing anyone that wants to launch a token on Ethereum the capacity to predict the way a new token will function or behave alongside other tokens part of the Ethereum network. Furthermore, the ERC-20 token stand ard features basic modalities such as finding the total token supply, token transfer and balance inquiries for all specified addresses.