Lynx

LYNX Price

What is Lynx about?

Lynx was launched on 24 December 2017 by a team based in Charlotte, N.C., and aims to create a stable, eco-friendly platform for application developers to use for storing and verifying critical data. The open-source Lynx blockchain is used by the for-profit company, Logware, to store data where immutable transparency is a key factor (i.e IoT sensors, transaction receipts, data loss prevention) for both encrypted and plaintext application use cases.

What makes Lynx unique?

At Lynx (which started as a downstream clone of Litecoin), the team believes that for blockchain to be considered a secure platform in today’s marketplace, it must be created with global sustainability in mind. As such, its business rules discourage high-volume mining hardware because the code purposefully lacks incentives to mine it for profit. In addition, the entire Lynx network is designed to operate on a collaboration of low power devices (like Raspberry Pis) that everyday, non-technical users can run, resulting in a collective global mining cost of only dollars a day. This includes mining the coin and confirming transactions.

What's the history of Lynx?

Lynx was launched on 24 December 2017. The lead technical designer created ‘Hybrid Proof of Work’ to solve four primary problems related to standard Proof of Work (PoW). Additional technical information can be found in the latest version of the white paper (co-written by Ben Wilson and Dr. A. Carreiro, published on March 17, 2019.)

What can Lynx be used for?

Lynx can be used for storing data where immutable transparency is a key factor, such as IoT sensors, transaction receipts, and data loss prevention, for both encrypted and plaintext application use cases.

Where can you buy Lynx?

LYNX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Lynx is Freiexchange, where the most active trading pair LYNX/LTC has a trading volume of $0.346149 in the last 24 hours.

What is the daily trading volume of Lynx (LYNX)?

The trading volume of Lynx (LYNX) is $0.332238 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Lynx (LYNX)?

Lynx (LYNX) reached an all-time high of $0.001213 and an all-time low of $0.0₈6212. It’s now trading -95.80% below that peak and 825,794.30% above its lowest price.

What is the fully diluted valuation of Lynx (LYNX)?

The fully diluted valuation (FDV) of Lynx (LYNX) is $4,720,120. This is a statistical representation of the maximum market cap, assuming the maximum number of 92 Billion LYNX tokens are in circulation today. Depending on how the emission schedule of LYNX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Lynx compare against its peers?

With a price increase of 0.00% in the last 7 days, Lynx (LYNX) is underperforming the global cryptocurrency market which is up 6.20%, while underperforming when compared to similar Internet of Things (IOT) cryptocurrencies which are up 7.60%.