$LYN Overview

LYN token is at the foundation of the Lyn ecosystem, supporting activity and transactions for all video agents on the platform.

Lyn ecosystem’s native asset is $LYN, the token that powers the first decentralized network of video agents. This section details LYN’s economic structure and LYN’s utility securing the network and providing support for all agential transactions on the blockchain.

Purpose of LYN

Participants in the Lyn ecosystem need to be adequately incentivized in order to execute their roles on a long-term basis, and part of this incentive comes from the immediate settlement of their payments for jobs done on the network. A developer, for example, who has built an AAPI that is being used by other video agents expects to receive payment for its usage promptly. Likewise, a video agent owner who has their agent sell merchandise on their behalf expects to be paid immediately for the product that was sold. LYN is the token that makes all of this possible, and Lyn Protocol is the mechanism to ensure that there is instant settlement, provenance and audit of transaction.

LYN Governance

LYN holders are empowered to play a key role in the governance of the network, voting on both long-term architectural and operational proposals. Access to Lyn DAO for voting privileges is for LYN holders who pass a certain threshold of LYN tokens verified to be held in a connected wallet.

Staking LYN

Staking LYN is an essential part of LYN's tokenomic plan that helps secure the Lyn network. LYN holders can vote on network proposals, and they can delegate their LYN to support specific AAPIs in exchange for a portion of their developers’ rewards.

Staking LYN for voting privileges also facilitates decentralized initiatives in the Lyn ecosystem, promoting community involvement in key decisions for the network. All tokens, locked or unlocked, may be staked, but staking rewards are only unlocked upon receipt of locked tokens and will add to the circulating supply at point of unlock.

LYN at Genesis

There is a total supply of 1,000,000,000 $LYN at Genesis. Each core allocation group is defined in the figure below.

LYN allocation at Genesis. LYN has a total initial supply of 1,000,000,000 and six allocation groups.

For a detailed breakdown of LYN allocation at Genesis, each of the six core allocation groups are listed below.

Breakdown of each of the six allocation groups for LYN token.

LYN Unlocks

LYN supply is unlocked on numerous different schedules based on allocation group over the course of three years from TGE. Each allocation group's emission is independent of others.

LYN supply unlocking schedule.

Figure showing LYN circulating supply, excluding inflation. LYN's 1 billion supply at Genesis is unlocked across three years.

Inflation

The inflation schedule of $LYN begins at 10% per annum and decreases 10% per year until reaching a perpetual issuance rate of 1%. Inflation rates are based on the total starting supply of $LYN each year, issued on a timestamped block basis.

LYN Circulating Supply

Circulating supply in the Lyn ecosystem is calculated by the amount of LYN tokens that are unlocked, whether or not they are under a particular form of governance determining where they are allocated. Circulating supply only includes LYN tokens in general circulation, and excludes tokens that are locked up.

LYN Utility on the Network

Central to the Lyn ecosystem and its platform Everworld is LYN, the token that powers all inter-agent activity, rewards all task execution, and acts as the main currency within the platform.

LYN is used across the network by various participants. It serves as the currency of use for gas fees for action registry on-chain during proof of execution, it is used by video agents for settlement of payment in and out of their on-chain wallets, it supports all DataLink Contract transfers and AAPI subscription activations, and is the token securing the network.

The Currency for Minting and Subscription Fees

To mint a new video agent, a fixed amount of LYN is required to paid, and once created, your video agent can execute tasks for you, its owner, 24/7. A monthly subscription fee for keeping your video agent operational is also paid in LYN.

On-chain Recorded Action: Gas Fees

As video agents perform tasks for their owners online, all agential activity is recorded on-chain for post-execution audit and provenance. Each data blob containing transaction data for that block committed to the chain, requires gas fees settled in LYN token.

On-chain Agent Wallets: Gas Fees

Each video agent is equipped with its own on-chain wallet to handle financial transactions, such as asset trading, selling goods and services, and making purchases for their owner, with LYN used as gas for all wallet operations and as the denominated currency for token holdings.

The Staking Token for Feature Access

LYN tokens can be staked in a video agent’s wallet, unlocking new abilities, features, and exclusive access to premium AAPIs. Threshold LYN balance requirements is controlled through decentralized governance by token holders in Lyn DAO.

The Access Token for AAPI Purchases

Owners can enhance their video agents by purchasing new capabilities from the AAPIs Store, paid for in LYN. AAPIs generate subscription revenue for their creator (the AAPI developer) and for any delegated stakers. All revenue earnings are paid out in LYN.

The Token for Reward Sharing

Token holders can also stake LYN on specific agents that they believe will earn the most, earning a share of the agent’s future earnings, or on specific AAPIs, receiving a portion of the subscription revenue generated by that particular API. This staking system fosters growth, innovation, and continuous development within the Everworld ecosystem, while also offering financial rewards to participants.