The main goal of Web3 is complete decentralization, giving artists and content creators control over their content generation rather than platform owners. This is the main goal of Lynqyo (LNQ), Decentraland (MANA), and Chainlink (LINK).
Although no one owns the internet, a small number of significant corporations have a lot of power, according to some critics. Web3 democratizes the internet and returns power to the people.
While so many projects are based on Web3, some are poised to make waves. Check out Lynqyo (LNQ), Decentraland (MANA) and Chainlink (LINK) to know what they are about.
Lynqyo
Lynqyo (LNQ) is a web3 project that seeks to create a decentralized protocol that will reward both creators and users. It aspires to be a tokenized ecosystem that unlocks the value of creators using its idea of centralizing fans and decentralizing revenue.
Lynqyo (LNQ) intends to monetize content through tokenized benefits derived from using the platform. Users will interact in the ecosystem using LNQ, the native token and will be rewarded for their activities.
The Lynqyo coin (LNQ) is a multi-chain native cryptocurrency on the Lynqyo network used as the primary administrative currency. Its main utilities include being used as a follower reward token, membership fee token, and other DeFi applications token.
Lynqyo (LNQ) operates on a Polygon network, and the team hopes to expand the network to Polkadot (DOT) and Ethereum (ETH) in the future using a substrate-based chain.
To fully fund its plans, Lynqyo is running a presale. There are a variety of bonuses that you can enjoy depending on which token you use to make your purchase and when you joined the presale. For example, you can receive an 11% bonus when using ETH, an 8% bonus when using BNB, and an incredible 14% bonus when using USDT TRC20. You can also buy with BTC, SHIB, DOGE, and SOL.
There is also a 7% bonus for those who enter during the first stage of the presale, a 5% bonus for those who enter during the second stage, and a 3% bonus if you join in the third stage.
Decentraland
Decentraland (MANA) is a shared metaverse that runs on the Ethereum blockchain. Users of the virtual reality platform, Decentraland, can buy LAND, build on it and make money from their experiences and applications.
In Decentraland, the territory is completely under the community’s sovereignty and perpetually belongs to it. Users can pay to use a variety of programs, and these payments go to the program owners rather than the platform owners.
Decentraland consists of the tokens MANA and LAND, which are distinct but connected. Burning MANA will produce ERC-721 (non-fungible) LAND tokens, which are not convertible to other ERC-20 tokens. Every LAND token represents a plot of land in the Decentraland metaverse, which users can buy, sell or build on.
The popularity of NFTs and the metaverse, along with the project’s ability to attract a loyal following, are what make Decentraland and its metaverse successful. Its MANA token is one to keep an eye on as more people enter the decentralized world.
Chainlink
Chainlink (LINK) is a blockchain-based middleware program created to act as a bridge between non-blockchain and blockchain technologies. It is a decentralized oracle network that provides data for smart contract execution.
Smart contracts need to evaluate contract variables using off-chain data. The Chainlink network enables connections between smart contracts and off-chain data sources such as business bank accounts, data streams, and web APIs.
The key is to offer incentives to data providers, also referred to as oracles, to provide accurate data. This is done using the network’s native LINK token.
Nodes that adhere to software rules and supply external data suitable for smart contracts will be rewarded with LINK.
Conclusion
While we are currently seeing Web3 developments, this sector is the future. By allowing content creators to fully monetize their work and also incentivize fans, tokens like Lynqyo are going to make massive waves in the industry.
You can learn more about Lynqyo here, and check out the platform’s website for more details.
Website: https://lynqyo.com/
Preale: https://buy.lynqyo.com/register
Telegram: https://t.me/LynqYO
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.