Transactions

Lynqyo’s core principle for providing a pleasant custodial experience for the platform’s users (fans) is reflected in the fact that (non-subscription) transactions happen free of charge. A dedicated PoA sidechain hosted by our partners also enables users to send (subscribe) and receive (gift) these transactions without (optional) having to worry about regulations and setting up wallets; it’s similar to the Web2 experience that millions of users are comfortable with.

The result hereof is two-fold: on the one hand, the aim is to lower the barriers to entry and adoption by making the platform accessible, familiar in setup and above all, free from the high fees that platforms typically charge. This will draw in new web3-crypto-users (fans) as well as creators. On the other hand, this experience would remain one that is secure and compliant by staying in line with regulatory and legal frameworks.

This results in new users being able to keep participating in creator ecosystems/marketplaces because they feel safe to do so. New and existing creators will be enticed to bring their unique economies to the Lynqyo ecosystem which will enable them to experiment with the unique business models of Web3.

As previously discussed, $LNQ tokens will be available on numerous centralized and decentralized exchanges in the crypto space. Those tokens can be bought freely and in turn used to vote on proposals, provide liquidity or purchase creator coins. For those seeking to purchase creator coins, they can access a bridge-in smart contract that allows users to effortlessly bridge their $LNQ tokens to the sidechain.