How is Bitcoin shaping new crypto projects like Lynqyo?
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Bitcoin (BTC) was the first cryptocurrency to be created and has been very successful over the years. Released over a decade ago, it has evolved significantly over time, attracting users globally. With its recognition and success, more crypto projects started to be released and now the crypto market has become very popular.
While there are various sectors within the crypto market such as DeFi, GameFi and more, Bitcoin has had a degree of influence on all crypto projects, regardless of their focus. A new project, Lynqyo (LNQ), focuses on adopting Web3 and focuses on decentralization. Although this is different from Bitcoin as a project, let’s see how Bitcoin has affected Lynqyo.
Bitcoin (BTC) – where it all began
Bitcoin was first introduced in 2009 by Satoshi Nakamoto. He developed Bitcoin to give everyone around the world access to a global digital currency that would allow direct exchange of value.
Since our existing financial system is heavily dependent on governments and central banks, he believed it was destined to fail. Bitcoin, a peer-to-peer digital currency with a limited supply that would offer protection against inflation and make the Internet economy accessible to everyone in the world, was his solution to this problem.
With Bitcoin’s large platform and success, there are many reasons for its influence on projects like Lynqyo. First, BTC was the first cryptocurrency to enter the market and has been the largest crypto in the market ever since. Because of this, Bitcoin has carried a lot of weight as an innovator in this emerging market. However, this has also helped the first cryptocurrency establish itself as a trusted store of value, skyrocketing its popularity.
Bitcoin was the currency that made cryptocurrencies widely accepted. The public embraced Bitcoin’s simple idea, pushing the price up to about 70k, which is the highest value Bitcoin has ever been.
Today, almost everyone active in cryptocurrency has at least some bitcoin, and that has opened the door to an entire industry.
Lynqyo (LNQ) – The newcomer adopting Web3
Lynqyo is a new project currently in its earliest stages. Although it is quite different as an overall project from Bitcoin, it has taken inspiration from Bitcoin in the sense of aiming for the same level of success.
Just as Bitcoin changed the entire financial sector, Lynqyo also aims to make a change for society by adapting the idea of Web3 and embedding DAOs. Lynqyo is created by a group of creators, designers and engineers. They develop decentralized decision-making solutions that reward both creators and fans in open tokenized marketplaces.
Lynqyo believes in creators’ ability to influence culture, change behavior and improve the world. Lynqyo aims to fight back against big tech’s exploitative algorithms and centralized infrastructure to ensure storytellers reclaim the power of their work for the better. Lynqyo does this by providing creators with Web3 features such as blockchain-enabled subscriptions and modular content platforms.
With the intention of shaping the future, Lynqyo has been somewhat influenced by Bitcoin and its success as a cryptocurrency. Additionally, if you are interested in buying LNQ tokens, you can register through Bitcoin and receive a 12% reward.
To conclude
Bitcoin paved the way for thousands of cryptocurrencies to establish themselves and help traders make fortunes. You can even register for LNQ tokens through Bitcoin to receive a reward. To this day, Bitcoin is still making unprecedented progress in the crypto market.
Lynqyo is destined to succeed because of its many uses and Web3 features. If you’re looking for an innovative platform to add to your portfolio this year, Lynqyo is the one for you.
To learn more about Lynqyo (LNQ), use the links below:
Advance sales: https://buy.lynqyo.com
Website: http://lynqyo.com/
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