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LYNQYO - Whitepaper
  • 💡Project explained
    • 🔍Lynqyo Overview
      • Content economy: challange and potential
      • Creator: web3 protocols, applications and tools for a decentralized content-led economy
  • 👨‍💻User system
    • Web3 gateway: lynq.yo/ ‘links’
    • Creator⇋fan: ecosystem pipe
    • Creator: system⇔journey
    • Fan: system⇔journey
  • 🛡️Lynqyo Content Economy Protocol
    • Structure
    • Creating value: tokenized intangible content
    • DAO: governance of tokenized intangible content
      • Quadratic voting
  • 🪙The token
    • Lynqyo token: $LNQ
    • Functionality
    • Intrinsic challenges
    • Technical approach
    • Automated Royalty Distribution
    • Protection
  • 🚧Product architecture
    • Approach
    • Web3 portal for tokenized content: CUBE
    • Subscription payments and lending: creator DeFi
    • Thrust subscriptions: dAPP
  • 📊Tokeomics: Ecosystem, Applications and Associations
    • Balanced approach
    • Transactions
    • User Engagement Rewards: Creator+Fan
    • User engagement rewards: the how
    • Flow controls: auto-management
    • Flow controls: principle equation
    • Token allocations
  • 🛣️Roadmap
    • Stage 1: 2022
    • Stage 2: 2023
    • Stage 3: 2024
  • 📲Connect with us
    • Social media links
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  1. The token

Technical approach

We stand out from the competition because of the first fan management service (FMS) to incorporate cryptocurrency payments using a multi structural and multi network system. Using the lynqyo dApp, users will be able to pay for their subscriptions using $LNQ. Starting with Polygon's hyper network system and smart contract platform’, users will be able to acquire $LNQ (using stablecoins) either by being engaged in the communities that they choose to promote and uphold or trusted tier-1 cryptocurrency exchanges.

Users who want to pay for their subscriptions using crypto will need to connect their wallet to lynqyo and approve automatic “thrust subscription” transfers, otherwise known as subscribing to a service.

Maintaining our user-friendly web2 inspired usability langage, the lynqyo Wallet is simple to use - supported and built via CUBE, our proprietary modular builder for creators, we are in a position to deploy a secure cryptocurrency wallet that supports token based subscriptions above and beyond.

The end goal here is to offer lynqyo users an option to subscribe to service providers and content creators using a simple system. In order to pay for subscriptions using cryptocurrency, the users will first need to approve one of the selected subscription types offered within their wallet dApp. This process is similar to adding a bank card as a payment option for online purchases or subscriptions. After the user sets up the wallet for recurring payments, the wallet will invoke the smart contract, permitting the server wallet to engage with the algorithmical subscription.

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Last updated 2 years ago

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