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. LYO CREDIT (LYO) is based on the Binance Smart Chain protocol that is powered by Binance. The BSC-20 smart contract allows BSC to facilitate transactions of the LYOPAY Ecosystem (LYO) and record balances of such credits in an account. Some of the benefits of using the BSC-20 protocol are as follows:
- Using the simple and easy-to-understand BSC-20 standard reduces the complexity of having to study and understand other types of blockchains for implementations such as the LYO ECOSYSTEM.
- Using the BSC-20 standard enhances the liquidity of other BSC-20 tokens and reduces the risk of contracts being broken.