Staking with LYN
November 8, 2020
Staking follows a similar concept in traditional banking,where one earns interest from depositing fiat for a period of time. In the world of cryptocurrency, staking is a method where one holds a cryptocurrency within a time period, to earn rewards in the form of the cryptocurrency that they staked.
Launched on Nov 2020, the Lynchpin Token Project will only be releasing a limited number of 300,000 LYN tokens for staking. To benefit from the rewards, one would need to stake the LYN tokens for 1 calendar year. On a monthly basis, those who staked LYN tokens will have the chance to make up to 5% profit margin, including a referral commission and affiliate passive income in LYN tokens.
This staking program launched by Lynchpin will further reduce the circulating supply of LYN tokens. The 5% staking profit which will be given to “stakers” are generated from all the eco system in Lynchpin and will be rewarded in the form of LYN Token monthly. This will ensure there are buy side order when Lynchpin Token are listed on exchanges as Lynchpin eco system has to go back to the exchanges to purchase Lynchpin Token for payouts.
-Website : https://unilynstaking.com/
To know more on how you can join the Lynchpin Staking program, contact us at [email protected]