Details of CYBER Token Sale on CoinList
What is CyberConnect?
CyberConnect is the largest and earliest decentralized social network of Web3, allowing developers to create social applications that enable users to own their digital identities, content, connections, and revenue streams.
It includes three user-centric features:
CyberProfile: a decentralized identity standard that provides access to Web3.
CyberConnect Social Graph: linking your digital identity, data, content, and friends.
CyberWallet: a smart contract wallet that securely stores your digital assets and provides an easy entry to Web3.
As of April 2023, the CyberConnect protocol has 887k CyberProfiles and 327k active wallets that have performed over 7.3M transactions. More than 1,900 verified organizations use their CyberProfiles to build Web3-native audiences, including Messari, Lido, 1inch, CoinMarketCap, Mocaverse, and more. CyberConnect’s flagship DApp, Link3, has 940k monthly active users.
Key Highlights
CyberConnect is the earliest and largest decentralized social network of Web3. Launched in October 2021 as the first social network protocol of its kind, CyberConnect has grown significantly, attracting 327k monthly active users who have performed over 7.3M transactions.
Ecosystem
Over 50 projects are using CyberConnect’s social network infrastructure to provide new user-centric applications.
Some notable projects include:
Link3: a Web3 social network with posts, events, and loyalty programs.
Phaver: a decentralized social media platform with 110k unique weekly active users.
ReadON: a Web3 content aggregator app with social features and read-to-earn.
Dopamine: a user-centric cryptocurrency mobile app from start to finish;
Oasis: a virtual universe where 1M users interact daily.
Mocaverse: an Animoca Brands NFT member collection.
Galxe: a Web3 data information network for authentication.
Developer-friendly:
Multi-chain & Scalable: CyberConnect has been deployed on Ethereum, BNB Chain, and Polygon, and will soon expand to other EVM-compatible chains.
The decentralized social network protocol also provides a hybrid storage solution that combines decentralized storage on and off the blockchain. This allows developers to be flexible while serving users with a seamless and appropriate product experience, surpassing the Web2 social experience.
The sale date is May 18th, 2023 at 17:00 UTC.
The price and Lock-up Terms are $1.80 per token. 25% will unlock at TGE followed by linear release over 6 months starting in Q4 2023.
The Fully Diluted Network Value is $180,000,000.
The number of tokens being sold is 3,000,000 CYBER tokens.
The % of Total Supply being sold is 3%. Minimum and Maximum: Minimum purchase: $100. Maximum purchase: $500. Additional Allocation Requirements*: Minimum Requirement: $100. Maximum Requirement: $2,000.
The funding method is USDC, USDT.
Eligible Members include non-US, Canadian, Chinese, Korean residents and some other regions.
Multi-chain & Scalable: CyberConnect has been deployed on Ethereum, BNB Chain, and Polygon, and will soon expand to other EVM-compatible chains.
The decentralized social network protocol also provides a hybrid storage solution that combines decentralized storage on and off the blockchain. This allows developers to be flexible while serving users with a seamless and appropriate product experience, surpassing the Web2 social experience.
The sale date is May 18th, 2023 at 17:00 UTC.
The price and Lock-up Terms are $1.80 per token. 25% will unlock at TGE followed by linear release over 6 months starting in Q4 2023.
The Fully Diluted Network Value is $180,000,000.
The number of tokens being sold is 3,000,000 CYBER tokens.
The % of Total Supply being sold is 3%. Minimum and Maximum: Minimum purchase: $100. Maximum purchase: $500. Additional Allocation Requirements*: Minimum Requirement: $100. Maximum Requirement: $2,000.
The funding method is USDC, USDT.
Eligible Members include non-US, Canadian, Chinese, Korean residents and some other regions.
Tokenomics
Aligning with the project’s vision of building a user-owned and developer-friendly decentralized social network, the introduction of the CYBER token and CyberDAO are crucial steps in empowering the project’s protocol governance to a decentralized community.
CYBER will play a fundamental role in ensuring and governing the DAO, controlling the future use of funds as well as all core upgrades to the protocol infrastructure. CYBER will provide the following utilities for the decentralized social network protocol:
Governance
CYBER token holders will vote on CyberConnect Improvement Proposals to promote the long-term sustainable success of the CyberConnect Protocol. Upcoming proposals include activating service fees for fee-based transactions across the entire protocol; changing the service fee rate; changing the accepted tokens for payment; expanding the protocol to new blockchains; allocating budgets for developer subsidy programs, community contribution programs, offline and online community events for ecosystem development.
Payment for minting CyberProfile
CyberProfile serves as an entry point for both developers and users into the CyberConnect ecosystem. CYBER will be used as a currency to pay for the purchase of premium usernames when minting CyberProfile.
Payment for Gas in CyberWallet
CyberWallet – the upcoming smart contract wallet solution by CyberConnect, will provide users with a seamless Web3 onboarding experience without the need for seed phrases or purchasing native tokens for gas fees across different blockchain ecosystems.
CYBER will be used as a pricing unit and means of payment for gas fees for all transactions within CyberWallet on EVM-compatible chains. CyberWallet is still under development and will be available on Ethereum, Optimism, Arbitrum, BNB Chain, Base, and Polygon.
CYBER will have a total supply of 100,000,000 tokens with the distribution as follows:
Roadmap
