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We, at Lynchpin Token, are deeply saddened to have to share this news with our community. However, we believe that the future of our project and our success in making digital assets spendable depends highly on our merchants and collaborators. Therefore, we would like to announce that we are compelled to cancel our initial partnership with RMP Games.

Why we canceled the partnership with RMP Games?

From the very beginning our mission and vision for the Lynchpin Token was to come up with a win-win solution for our partners and collaborators. We believe that RMP Games is an excellent project with great potential for the future. However, due to the fact that management couldn’t find a way to provide a complete solution that benefits the entire gaming community as well as LYN token holders, we had to end our collaboration.

In the absence of a viable utility proposition from RMP Games, our team concluded that it would be best to move on and allow them more time to develop their platform and expand their number of games available. For that to happen, RMP Games needs time to grow and evolve in order to become a full-fledged gaming platform. Unfortunately, Lynchpin Token is advancing at a very fast pace. Our technology is up and running, and soon we will officially launch our Lynpay app and debit card.

LYN token is an excellent stable coin for the developed gaming industry

Although we must part our ways and allow RMP Games to continue their development by themselves, we still believe that LYN is an excellent stable coin for the gaming industry. Its uses are numerous because it could allow game players to make in-game purchases and truly join our mission to combat volatility in the crypto industry. Since the team behind RMP Games couldn’t advance their platform (which was scheduled to go live in Q2 of 2019) we felt responsible to quit the collaboration in order to preserve the purpose of our LYN tokens and further look after our partners and investors who believe in us.

What’s next for Lynchpin Token?

By cancelling the deal with RMP Games, we believe we can focus on further developments a lot faster and more productively. Soon we will launch the official Lynpay App, which is scheduled for this May 2019. After a complex testing and prototyping phase, we’re getting one step closer to releasing our much awaited Lynpay debit cards for multi-purpose spending on LYN tokens. A recent development we’re mostly proud of is our groundbreaking technology: our QR code wallet which will allow QR payments in LYN and ETH, in the initial stages. We plan to add SGD and BTC following the successful completion of the beta stage for the Lynpay QR payment solution.

Whether we like it or not, the cryptocurrency industry poses tremendous challenges. Adoption is slow and volatility is still high, meaning that switching mentalities and changing people’s perceptions is a journey we’re glad to be part of. We, at Lynchpin Token, commit to helping our community understand the power that lies at the core of our LYN token. With our all-in-one solution that benefits our investors, merchants and LYN token holders, the mission of Lynchpin Token continues to bridge the gap between adoption and volatility.

A big thank you to RMP Games for being with us from the very beginning, and although we are officially announcing our split, we maintain our deepest respect to the entire team.

Following the launch of the official Lynchpin Token platform at the end of 2018, we continue our mission to bring utility into the crypto market. Our motto, “making digital assets spendable” defines our mission and vision for the entire project; and that is to eradicate volatility and build intrinsic value for cryptocurrencies. In partnership with LynPay Payment Solutions - one of our main partners - the team at Lynchpin Token recently unveiled its much awaited LynPay Debit Card; currently a prototype that is being tested by the internal team. Watch our introductory video HERE.

An overview of the LynPay debit card

In the simplest terms, the LynPay debit card allows you to convert cryptocurrency into fiat to make different payments for specific goods and services included in each of the card’s membership plans. It enables users to convert crypto to cash by linking it to an exchange that accepts USD/LYN pairings. Following a successful trading transaction, USD will be deposited on the user’s card to facilitate purchases. To get the card, you would have to be a Lynchpin Token advocate and acquire LYN tokens; the only acceptable payment method. Following a successful private sale dedicated exclusively to accredited investors, at this point we’re focusing on the official launch of our LynPay Debit Card.

Introducing the LynPay debit card experience

The LynPay Debit Card will be made available to three main types of members: Gold, Elite, & VIP. Holders of the debit card will be able to enjoy different perks based on their chosen package. Our goal at Lynchpin Token is to combat volatility and provide our customer base with a unique service that exceeds their expectations.

Most cryptocurrencies have been proven to lack intrinsic value. Many don’t have a value proposition. We, at Lynchpin, believe in creating an ecosystem backed by a cryptocurrency that acts as a store of value. With the LynPay debit card, we make cryptocurrency spendable in real-time. What can you do with the debit card?

Gain access to 1200+ airport lounges worldwide and benefit from a variety of perks

Enjoy from exclusive activities - yacht trips, sport events, super car rides

Take advantage of travel concierge

Get extra points for every spending you make to redeem rewards and goods from gobuybid.com, our 2nd use case; an upcoming merchant platform where you can only use LYN tokens to purchase high-end, luxury goods.

Elite members can get 1 yearly return on business class tickets & various cashbacks

Premier members can get 1 yearly return on economy class tickets & more

How does the LynPay debit card work?

Following the successful launch of the LynPay debit card, the next step will be to link it with the main LynPay wallet app. For members to use the debit card, ( Look at the schedule to understand what you need to do to get yours) first they would have to top up their card (e.g. Gold, Elite, & VIP) using various payment methods via the LynPay app. Registration on www.lynpaysolutions.com will begin on May 1st, 2019 ).

The LynPay app

In order to use the LynPay debit card, all of our members will have to download the LynPay app on their smartphone. We have planned to begin beta testing early May 2019. The app will be made available for both iOS and Android operating systems and one of its key features will be the QR code payment solution. At the time of writing, it is created to support four currencies:

BTC

LYN

ETH

SGD.

In the initial stages, we will launch the app with 2 cryptocurrencies: LYN and ETH. Following this step, we will also add BTC. The tech team at Lynchpin Token has been working hard to provide flawless user experience; therefore, we would like to announce that we have found a solution for merchants and users to accept cryptocurrencies onto the LynPay wallet as payment for making transactions. We strongly believe that this step will get us closer to changing the way the world sees cryptocurrency!

Below, we are presenting you with some pictures with our LynPay app prototype:

1. App overview

Featuring a user-friendly interface, the LynPay app will be made available on both iOS and Android store at: https://lynpaysolutions.com. Following the successful completion of your sign up process, signing in will require a username and a password but the team is looking to enhance the security

feature with biometric

2. Currency transactional process

Since LynPay Payment Solutions is a company based in Singapore, the main goal is to engage in local promotion. “Start local, go global” is yet another motto that we believe strengthens our unique selling proposition. On top of accepting cryptocurrencies, the Singaporean dollar payment will be made available once SVF license is approved by the Singaporean government.

Conclusion

Developed by LynPay Payment Solutions in collaboration with Lynchpin Token, the LynPay Debit Card will have special perks for each chosen package. Based on the type of card chosen, users will finally benefit from an all-in-one solution for making payments - either in crypto or fiat. By launching a debit card integrated within an app that provides a wide variety of services and products, we will finally bring adoption closer. The LynPay Debit Card and LynPay app are currently under development, although the team at Lynchpin Token is working hard to abide by its roadmap and bring our a product that can actually make digital assets spendable.

We’re constantly making improvements by testing our pioneering technology to make sure it lives up the expectations of the world. Creating intrinsic value and improving on the utility proposition of our token remain our core principles. If you’d like to join us, the time to purchase your LYN tokens is now. Stay tuned as we’ll be posting more updates on the progress of our app and debit card!



October 15th, Cambodia - The Lynchpin Token team recently came back from Cambodia, where we attended a business conference aimed at spreading the word on the real value of our Blockchain-based project - LYN token. What we aim to do is combat volatility associated with cryptocurrencies by developing a token that can be used as a safe medium of exchange without fearing the intrinsic value of LYN will be affected by speculation or volatility.

Following the successful completion of the conference, we’re proud to say that Singapore-based GoBuyBid Pte. Ltd is the 1st merchant to join the Lynchpin Token project. Founded by Nizam Nasir,


Who gained tremendous experience in the industry working as a Sales Manager for Unlimited Electronics Pte Ltd., GoBuyBid will focus on selling branded goods (e.g. Adidas, Gucci, Louis Vuitton, Nike) at discounted prices that go up to 80% off the original price.

The platform will be available to early-adopters of LYN token holders only in early January 2019. Following the successful trial period, Go Buy Bid will go live in the second quarter of 2019 when everyone can sign up for an account and purchase branded goods with Lyn tokens. The Go Buy Bid platform will be the first use case for the Lynchpin Token project.

According to GoBuyBid founder, Nizam Nasir, the luxury e-commerce market will sooner of later be disrupted by Blockchain technology. However, even if Chanel launches their own token, they won’t sell their products at discounted prices. By partnering with Lynchpin Token, Go Buy Bid is looking to bridge the gap between the luxury e-commerce market and the need of the people to own high-quality products.

By joining the Lynchpin Token project, Go Buy Bid will be among the first e-commerce platforms to accept payment for branded goods in cryptocurrency. Furthermore, the partnership aims to strengthen Lynchpin’s unique value proposition - that adoption creates real utility.

We believe the Lynchip token community needs real-life use cases to convince themselves that our project solves an existing problem in the e-commerce niche. Customers are used to using different payment methods to pay for goods on different websites. Whether we’re talking about Visa/Mastercard payments, or about PayPal, the process involves high fees that not many can afford due to cross-border transactions. On Go Buy Bid, the only acceptable payment method will be LYN token via its online platform, which will act as a payment gateway for those interested to purchase LYN tokens to get access to branded goods on Go Buy Bid.

Go Buy Bid will leverage the Lynchpin Token platform, which will act a payment gateway for LYN token


By merging a utility token where stability gets the best of volatility (LYN token) with a payment gateway backed by cryptocurrency (LynPay), performing transactions both offline and online will revolutionize the e-commerce markets as we know them on a global level.

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