Binance confirmed the launch of Everlyn AI ($LYN) on Binance Alpha on October 6, 2025, at 07:00 UTC, and the launch of the perpetual futures contract LYN/USDT (up to 50×) at 07:30 UTC on the same day.
Everlyn positions itself as a blockchain-oriented platform for video generation (Everlyn-1 model), claims an open-source approach and L1 protocol for video content. The official website/presentation of the project is available.
Tokenomics: total volume 1,000,000,000 LYN (1 billion). According to public data, the project passed IDO/rounds and attracted institutional funding (approximately $15–17M) with participation from Mysten Labs and other investors.
Binance Alpha is a pre-release/experimental platform; Alpha assets cannot be withdrawn from the exchange until the status changes, and Binance warns of increased volatility and risks.
Everlyn (LYN) looks like an ambitious AI project with noticeable PR support (investors, announced features) and a quick exit through Binance Alpha on October 6, 2025. This provides an early entry opportunity, but simultaneously imposes high operational and liquidity risks (inability to withdraw Alpha assets, low liquidity, potential market hype). Before entering significantly — check the whitepaper, contract addresses, audits, vesting conditions, and actual liquidity.