The LYO Credit ICO has finally come to an end and now our token has entered the cryptocurrency market. What happens now? What will be the outcome of the token? What does the future hold for the token? In this article we answer all of these questions.
- LYO Credit ICO was a success and sold over its soft cap. Sold 16,975,000 tokens out of 30,000,000.
- LYO Credit will be listed on the first LYOTRADE exchange in February, and PancakeSwap will follow in March.
- Upon listing on LYOTRADE, the LYO Credit token will be available for purchase again on the LYOPAY app.
- 60 days after being listed on LYOTRADE, LYO Credit will be listed on CoinMarketCap and CoinGecko.
We started off the ICO back in July 2021 with an initial price of €0.50 and a bonus of 100%. Now LYO Credit token is ready to go on the first exchanges and it is priced at €1, a 50% jump from its initial price.
Results of the ICO
The ICO of LYO Credit has been a success. We had divided the ICO into six phases according to the amount of bonus available for early adopters, including one pre-ICO phase where the bonus was set at 100%.
Our pre-ICO was one of the best phases in the ICO where all the tokens were sold out by the end of the phase. This shows the amount of confidence the community and our supporters have in our token.
Since then, we’ve been having phases of the ICO reaching over 50% of tokens sold. Phase 4 was also a particularly outstanding phase as we hit 81% of tokens sold.
Our soft cap, which is the minimum number of tokens that need to be sold in the ICO, is 10.5 million tokens. Whereas our hard cap, the maximum number of tokens that can be sold in the ICO, is 30 million tokens.
Overall, we were able to sell more than 50% of the total tokens, well above the soft cap, which is why the LYO Credit ICO can be considered a success. This is a great achievement for us as we finally came to prove how people believe in the token!
LYO Credit ICO and Why It Worked
When compared to other ICOs currently in the market, we can safely say that LYO Credit has performed very well. Most ICOs come out with a bang but then tend to fizzle out as they’re not able to create much of a buzz.
Since the LYO Credit token is backed by an ecosystem of cryptocurrency applications, there is an actual utility to the token. This is why there is confidence for the token in the market. Unlike other coins, LYO Credit has utility and value assigned to it. It is this close connection to the LYOPAY project that brings about the value of the token.
Many tokens are launched every single day, but very few ever make it across the ICO phase and get listed on different exchanges. As for LYO Credit, we are already going to be listed on our own cryptocurrency exchange called LYOTRADE, as well as other exchanges like PancakeSwap and Klever.
As previously mentioned, LYO Credit is the utility token of the LYO ecosystem. You can use it for staking, receiving discounts and rewards, as well as paying transaction fees while buying and selling products and services.
There are a total of 250 million tokens that will be minted. Out of these, 92.5 million tokens were minted on 15 September 2021, and the rest 157.5 million tokens will be minted on 1 March 2022. The purpose of these tokens has been divided on the basis of their usage, which you can see on LYO Creditwebsite.
Travel With LYOTRAVEL, Pay With LYO Credit
Apart from being able to use LYO Credit for trading on different exchanges such as LYOTRADE, you can also use it on the different platforms on the LYO Ecosystem. One of our newest products available is LYOTRAVEL, which is a travel booking website that lets you use cryptocurrencies when booking your flights, hotels or car service.
When booking your tickets, LYOTRAVEL provides you the option to pay in different cryptocurrencies such as BTC, ETH, USDT, and especially LYO Credit. As part of our mission to bring cryptocurrencies to the public, we created LYOTRAVEL to expand the areas of using your cryptocurrencies and bringing it into our daily lives. Soon you will be able to travel the world paying by LYO Credit!
LYO Credit will be listed on the first LYOTRADE exchange in February, and PancakeSwap will follow in March. Upon listing on LYOTRADE, the LYO Credit token will be available for purchase again on the LYOPAY app. 60 days after being listing on LYOTRADE, LYO Credit will be listed on CoinMarketCap and CoinGecko.
What to do now?
– Creating use for the currency is the first step to its growth. Soon, the promotions with AirDrop will start to receive LYO Credit for free. Stay tuned on our social media!
– Mint LYO Credit tokens! Discover more about Cloud Minting on LYOFi lyofi.com
If you’re still wondering what LYO Credit is and would like to learn more about the token, we’d like you to watch this fun animated video explaining what the token is and how it will be used. Watch the video below!