Gold Assurance Program
November 21, 2020
Every token sold to the public is assured with physical gold
The Lynchpin team is pleased to announce, ALL circulating supply will be assured with Gold Assurance Program LYN will be the first-ever utility token to be fully assured with gold. This has massive implications for the security of investors. Here’s how it works:
Buyers of LYN tokens can, at any point during the year, exchange their LYN tokens for an equivalent value of gold. Any LYN tokens that are exchanged in this manner will be “burned,” meaning they will be removed from the total supply of LYN rather than sold on the open market. This last point ensures that the supply of LYN will actually decrease from its maximum of 5 million tokens, meaning buy-side pressure will have an even greater effect on the token’s price.
The value of 1 LYN Token is equivalent to 0.04626gm based on PureGold.Sg current price, SGD148.81 for 1gm Gold Bar (999.9)
1LYN = USD 5.10 / SGD 6.885 (Rate, 1USD = 1.35SGD)
SGD6.885 ÷ SGD148.81 = 0.04626gm
1gm gold bar is equal to;
SGD148.81 ÷ SGD6.936 = 21.6136LYN
Redemption of physical 1gm gold bar with LYN Token logo will commence on 2nd week of December 2020 to allow minting and delivery process from PureGold.sg.
Lynchpin Token is listed on Chain X (Korean exchange). Next exchange will be BigOne in China on 19th November 2020.
For more information on Gold Assurance Program, contact us at [email protected]