Linker Coin aims to create a “network of networks” by connecting different cryptocurrency and fiat currency systems together. Find out how it works today in our review.
What is Linker Coin?
Linker Coin, found online at LinkerCoin.com, aims to create a medium connecting fiat currencies, exchange-listed cryptocurrencies, and unlisted cryptocurrencies. Users can use the platform to transfer value between separate currencies and networks.
“Just as the internet connects geographically separate nations; now Linker Coin connects separate financial systems into one united ecosystem,” explains the official website.
With that goal in mind, the Linker Project aims to create “several types of Linker”, including a decentralized exchange, semi-decentralized exchange, centralized exchange, electronic commerce system, trading system, and more.
How Does Linker Coin Work?
Linker and the Linker Project will consist of six different Linker platforms that establish connections to six different types of financial networks. Those platforms include:
- Decentralized Exchange
- Semi-Decentralized Exchange
- Centralized Exchange
- Market Maker
- Liquidity Provider
- Trading System
The “Linker” connects one network to another using Linker Coin as a medium of exchange.
The decentralized exchange will provide transparent transaction between the networks listed above. Market maker and liquidity provider systems also facilitate transactions between networks while acting as a source of liquidity.
The Linker Coin Token Sale
There’s a total supply of 20 million LNC tokens. The tokens are ERC20 tokens built on the Ethereum blockchain. 1 LNC token = 0.003 ETH.
Out of the total supply of tokens, here is the breakdown:
- 40% is going to the pre-ICO and ICO
- 38% is going to a reserve fund
- 10% to the team
- 5% to advisors and partners
- 5% to founders
- 2% for operations
The pre-ICO is scheduled for October 21 to October 28. It’s a Dutch Auction with a starting price of 0.003 ETH. That price will depreciate by 10% each day (a Dutch Auction means the price of the token will drop throughout the sale).
The second pre-sale takes place from October 29 to November 17. The starting price is raised 5% from the final price of the first pre-sale.
A third pre-sale is scheduled for November 18 to November 24, during which the price is raised 5% from the last pre-sale.
The crowdsale, meanwhile, is scheduled for November 25 to December 31.
Lottery systems are in place. If you contribute to Linker Coin in the pre-sale rounds, then you could be entered to win bonus coins in a lottery.
Uses for Linker Coin
We already know that Linker Coin will create a “network of networks” and connect different industries together. But what does that really mean? Who will use Linker Coin? The company’s whitepaper explains how their platform could boost efficiency in key sectors worldwide, including:
Blockchain-based social networks like Indorse are gaining ground. However, coins issued by Indorse can only be purchased in Ethereum, and they cannot be traded freely. The coins are restricted to the Indorse platform. Because these coins are ERC20 coins, they’re fully compatible with Linker Coins (LNC). LNC could be used as a medium of exchange increasing liquidity in the Indorse network and connecting it to other coins.
Healthcare systems are becoming increasingly digitized. Certain healthcare systems companies – like Bowhead Health – have issued their own AHT coins with the goal of improving medical data system security. Linker Coin can connect AHT coins to the rest of the ERC20 coin network, improving the liquidity and viability of these coins.
South Korea’s eSports industry is huge. However, eSports platforms have released their own digital currencies, and these currencies only have use within each individual platform. Linker Coin aims to solve this problem.
Entertainment and Gambling:
Whether it’s a digital music service or a gambling platform, Linker Coin allows users to transfer the value of their platform-specific coins into a more liquid digital currency.
Again, blockchain-based job markets like bitJob aim to create a marketplace similar to LinkedIn. These in-platform tokens have value within the platform, but Linker Coin makes it easier to have value outside the platform as well.
Basically, Linker Coin wants to link siloed coins and networks together. This helps boost the value of cryptocurrencies as a whole, while giving users an easier way to transfer value and tokens between platforms.
Who’s Behind Linker Coin?
The core members of Linker Coin are system traders and market makers who have extensive experience managing exchanges and providing liquidity to markets. Key members include co-founders Dr. Aris Skliros, Tommy Hong, and John Mun.
The company is headquartered in Seoul, South Korea.
In terms of a timeline, the company aims to launch a cryptocurrency exchange in South Korea by December 1. That exchange will be called CoinX, and found at CoinX.co.kr.
Throughout 2018, the company plans to build and launch its decentralized exchange, cryptocurrency index, trading platform, and e-commerce platform.
Linker Coin Conclusion
Today, there are a wide variety of coins, companies, and platforms, but there isn’t a good way to connect all of these systems together. Linker Coin has an ambitious goal: they aim to create a “network of networks” to connect cryptocurrencies, utility tokens, and fiat currencies together. Just like the internet organized millions of different webpages into a coherent structure, Linker Coin aims to provide a similar platform for the cryptocurrency world.
With that in mind, visit LinkerCoin.com today to learn more. The ICO takes place throughout October and November.