LYO Credit (LYO) is going into the last phase of its Initial Coin Offering (ICO). The ICO will end on 31 December 2021, after which LYO token will be available to do transactions and trading on the exchanges where it will be listed on.
- Last chance to buy LYO Credit at a discounted rate of €0.75 at a bonus of 33% between 1–31 December 2021, after which it will be priced at €1.
- LYO Credit is the utility token of LYOPAY, which you can use for staking, receiving rewards and discounts, and paying transaction fees.
- Receive LYO Credit tokens through Airdrop by signing up on LYOTRADE.
LYO Credit — The Token with a Difference
LYO Credit is the utility token of LYOPAY, which you can use on the LYO Ecosystem for different purposes such as transaction fees, buying and selling products and services, staking and much more.
As we go into the last phase of the LYO Credit ICO — Phase 5 — this is the perfect time to buy more LYO Credit tokens for your last chance to earn bonuses. In this final phase, one LYO Credit token is priced at a discounted price of €0.75 (or $0.90, as per the exchange rate). This is going to be the last time you’ll be able to receive the token at a discounted price, after which the token will be launched at a starting price of €1.
The previous five phases have also been a great success so far. Phase 4 particularly went quite well with 81% of all 5 million tokens sold within it. We have been hitting the over 50% mark in all our ICO phases and have generated quite a buzz on the internet.
The ICO for LYO Credit started on 7 July 2021 and has been going strong since then. An ICO is a type of funding that uses cryptocurrencies. In an ICO, teams generate blockchain-based tokens to sell to early supporters. This serves as a crowdfunding phase — users receive tokens that they can use (either immediately or in the future), and the project receives money to fund development.
The total supply of LYO Credit is 250 million tokens. Within the ICO, we are offering a total of 30 million tokens. In this last phase, 7.5 million tokens are up for sale.
Purpose of LYO Credit
The purpose of LYO Credit is to create a token that fits into the LYOPAY ecosystem. LYO Credit tokens can be used to pay commissions and promote a community of users of the platform through currency rewards. Many new tokens are launched every day, but only a few survive. The value of any currency depends on its utility, and LYO Credit is a utility token that is linked to the LYOPAY project. Therefore, what sets LYO Credit apart from others is its connection with a large platform already operating in 82 countries, with its own users and market. It is based on the Binance Smart Chain, and follows the BEP-20 protocol.
Buy LYO Credit from the LYOPAY app
The only place you can buy LYO Credit right now is from the LYOPAY app, in the Exchange section. Open and sign-in to your LYOPAY account and go to the Exchange section on the app. There you can buy LYO Credit using BTC, ETH, USDT or SEPA transfers. Once the token is launched it will be available for trading on our cryptocurrency exchange — LYOTRADE — as well as other decentralized exchanges like PancakeSwap and Klever.
Benefits of Buying LYO Credit
There are many benefits to buying LYO Credit, specifically the huge discount you receive when buying during the ICO phase. Other than that, there are quite a number of benefits that users can avail using LYO Credit.
1. Save Up to 100% of Fees
Save by paying transaction and purchase fees with LYO Credit up to 100% of the total cost.
2. Staking Rewards
By staking your tokens, you will be able to earn rewards of up to 36% per year in LYO Credit to save on transactions and trading. Staking users will also receive discounts on the exchange and service fees.
3. Buyback-and-Burn Strategy
Our buyback-and-burn strategy will make sure that we are able to support long-term value growth and price stability of the token when it is listed for trading. In June 2022, LYOPAY will start the buyback of LYO Credit and 20% of profits generated by LYOPAY will be used to buy tokens from users every quarter.
LYO Credit Airdrop with LYOTRADE
We will also be providing a large airdrop at the time of the launch of our exchange, LYOTRADE. You will have the chance to receive $5–$1000 worth of LYO Credit tokens! Signup on LYOTRADE at launch and receive LYO Credit tokens for free!
Mint LYO Credit Tokens
You can also start minting your own LYO Credit tokens by purchasing a Cloud Minting Program. The Cloud Minting Programs allow you to rent hardware that can mint LYO Credit for you, within your rent period. Start minting tokens now so that you can get more before it gets listed on the exchanges!
Now that you know what we have lined up for LYO Credit in the near future, be sure to read the technical paper to learn more about the technical aspects of the token.
For an understanding of the strategy for LYO Credit, download the whitepaper and read all the information on the project, such as its history, growth strategy, and technical data.