LYNC Seed Sale Now Live on Colony Lab

About LYNC

LYNC is the first mobile centric Layer 2, using the Move stack. They plan to lead the shift in Web3 from browser based to mobile based. Their gaming, DeFi, and mobile focused Layer 2 aims to drive a transformation that has already happened in Web2, where user adoption has moved to diverse platforms and simplified infrastructure. LYNC will help developers build in 90% less time and costs, using their native tooling stack.

LYNC Seed Round Deal on Colony’s Early-Stage Platform

Round: Seed Round

Reserved Allocation for $CLY Stakers: $200,000

Token Price and FDV: $0.00067 USD per $LYNC — $60.3M FDV

Vesting Schedule: 10% unlock at TGE, 6-month cliff, 24-month linear vesting.

Why Choose LYNC?

LYNC redefines L2’s as the first consumer L2 powered by Movement. Developers can leverage all infrastructure, dependencies, and SDKs, with a plethora of no-code tools, all in one stack.

• This allows builders to significantly cut down on their development time
• Get ideas to market at a much faster pace
• Remove layers of dependencies
• Use OTC templates to speed up idea testing
• Leverage MOVE for ultra-high throughput and security

In addition, being built on Move gives benefits such as speed, security, scaling, interoperability, modularity, and more.

LYNC is already powering 50% of the Aptos gaming ecosystem, and currently has over 400 projects live. They will serve as a default gaming partner for the Movement ecosystem.

LYNC is well connected and supported in the Movement ecosystem. They are included in the first cohort of Move Collective projects. The Move Collective is an elite accelerator nurturing the brightest teams building on Movement, with support from the Movement Foundation.

The Void to Fill

Issues:

The issues that LYNC will attempt to solve are growing pains in the Web3 ecosystem. Observing Web2 gaming we can see where the future of Web3 may head.

• 99% of Web3 projects are browser based leaving the mobile crypto market untapped.
• No EVM chains are designed to match the scalability and transaction volume of Web2 based applications.
• 8% of Web3 games have fewer than 1,000 monthly active users due to complex distribution challenges.
• According to Statista, in 2022 alone, the mobile gaming market generated $92.2 Billion Dollars.
• Mobile gaming generates around the same amount of revenue as Console and PC games combined.

Solutions:

LYNC will solve the above problems with unique solutions.

• End to End mobile stack and templates to onboard net new developers
• LYNC will be the first Layer 2 Move language solution to leverage BlockSTM to achieve high transaction throughput and low gas fees, on an Ethereum settlement layer.
• LYNC’s developer modules and SDK eliminate the need for major dependencies on third party protocols, greatly reducing development time.

$LYNC Token Utility

LYNC has many benefits and can be used for:

• Transaction fee discounts
• Participation in the LYNC Launchpad
• Lending and staking
• Payment for transaction fees on LYNC L2
• Access to exclusive events
• Using LYNC to pay for seamless transfers
• Voting power in governance for LYNC based projects
• Fees on the shared sequencer
• Stake $LYNC to access developer modules
• Get earliest access to high quality, ready to launch templates

Tokenomics

Detailed tokenomics are available to $CLY stakers on Colony’s app. Visit the data room link on the project’s card in the Early-Stage section for comprehensive information.

Team

LYNC’s core team includes Vishwas Bhushan (CEO)and Shanu Joshi (CTO). These two co-founders have significant experience in game design and blockchain. The team has succeeded in developing not only the product, but the important relationships that are needed to form partnerships and integrations with other teams.

Partners and Investors

LYNC has secured support from many backers and investors including Movement Labs. Additionally they have support from Smape Capital, Aptos, Levitate Labs, Amesten Capital, 8186 Capital, and Longhash X among others. LYNC also has support from many notable angels in the space.

LYNC has too many partners/integrations to list here. LYNC is currently integrated with over 400 projects, totaling more than 8,000 smart contracts deployed with LYNC.

Roadmap

LYNC is on its way to become the go to tool for developers looking to bridge Web3 browser apps to mobile. They have already achieved great successes and battle tested their approach with their multitude of partners and integrations. The following graphic shows their future plans.

Conclusion:

LYNC is making waves in the Movement ecosystem already. They are well on their way to achieve their vision of bringing Web3 from browsers to a mobile landscape, with over 400 project integrations. Their developer tools have the capability to reduce the time it takes to bring an idea into reality, by reducing development time by up to 90%. LYNC also has the support of the Movement ecosystem, with support from both Movement Labs, and the Move Collective (a Movement ecosystem accelerator). These combined factors are a recipe for a strong foundation, and a way to push the Web3 space into the mobile ecosystem.

Lync links

*Website | X | Discord | User Documentation*

About Colony Lab

Colony Lab: The community-driven Avalanche ecosystem accelerator, powered by $CLY.

We empower projects through decentralized fundraising and liquidity. Our inclusive platform offers the community diverse exposure and unprecedented access to Avalanche’s remarkable growth. Join us for seed/private sales investment opportunities and unlock a world of rewards, including airdrops, $AVAX incentives, and a share in platform fees.

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Disclaimer:

The information provided in this article is for general informational purposes only and does not constitute financial or investment advice. Readers should conduct their own research and consider their individual circumstances before making any investment decisions based on the information provided. This article does not endorse or recommend any specific investment opportunity or strategy. Any investment involves risk, and readers should be aware of the potential risks and rewards associated with investments in cryptocurrency or other financial instruments. Colony Lab bears no responsibility for any decisions made by readers based on the information provided in this article.