Most of us by now have heard of DAO’s (Decentralized Autonomous Organizations).
No one doubts their benefit to society but their true potential has yet to be realized.
First let’s take a look at major online marketplaces like Amazon and eBay, revenue
coming from these platforms is enormous but where does it all go? Some goes to the
management of the system as a whole, websites, employees, marketing, and the legal
aspect of business but what about the remaining vast majority? A short answer is that
is goes into the pockets of the owners, its locked away as profit and will not be seen
again by the average user of the platform. The user pays fees to use the platform just
like with Ethereum you must pay a gas fee on every transaction, that ETH is gone
forever from your wallet, but it does not have to be…
What is Lynx and how can it solve this problem?
Lynx is an ecosystem of individuals, Dapps, and smart companies that navigate
across all platforms (Facebook Twitter Reddit ect.), govern themselves, and
implement any blockchain or web based application for an infinite array of
customization. Everything is hosted on a peer-to-peer network and backed by
Ethereum smart contracts so that your account or organization can never be
destroyed or manipulated.
So what does that have to do with using Ethereum for free?
One of the applications hosted on the Lynx Network is the Marketplace, where users
can buy or sell items for a smaller fee than major retailers. But instead of pocketing the
profit, all ETH is sent to the global pool smart contract that tracks and calculates all
transactions that are made by LNT holders. Then at anytime you can withdraw your
spent gas from normal transactions using your private key, this is similar to how banks
refund ATM fees. Not only can LNT holders use Ethereum for free but they directly
control how much of a discount is allocated to users by the global governance protocol
that is controlled by community voting.
What is LNT?
LNT or Lynx Network Tokens are used to power every aspect of the network, from
voting or alteration of Dapps to managing smart companies and much more.
We are a community project and we are giving back!
We are distributing over 97% of all tokens to the community, this is for two reasons, so
that the founders may not hold special privileges over the networks governance and to
maximize decentralization. On top of that 10% of all funds raised during the crowdsale
will go to the global ETH pool so that the first users of Lynx can experience a free to use
If you are interested in our project and want to get involved, please visit