The CYBER token, CyberConnect’s native token, is scheduled to be listed on Binance at 12 PM UTC on August 15, 2023. As the first and most successful social protocol in Web3, CyberConnect has raised $25 million in two funding rounds from such industry-leading investors as Multicoin, Animoca Brands, Delphi Digital, Sky9, Binance Labs, Polygon Labs and many more.
CYBER token was first introduced in May, 2023, and during the public sale on Coinlist the total allocated amount of 3M tokens at the price of $1.8 was sold out in less than 30 minutes
For the Season 1 of CyberConnect Community Rewards a total of 2.4M CYBER will be dropped on August 15 to the eligible community members. Eligibility and allocated amount can be checked here. At the same time when the claim becomes available, the CYBER trading will launch on Binance.
CYBER is also already available on Binance Launchpool – users can stake BNB, TUSD, and FDUSD to participate in the farm of a total of 3M CYBER tokens. More information about this is available on Binance webpage.
About Cyberconnect
CyberConnect is a multi-chain web3 social network that enables developers to create social applications empowering users to own their digital identities, content, connections, and interactions. Leveraging ERC-4337 (account abstraction) standard, CyberConnect radically reduces the complexity of using crypto networks and enables decentralized social experiences that rival Web2.
ERC-4337 is considered as the future for mass adoption on web3 and enables:
- Supports Social recovery (No more Mnemonic Phrases or private keys)
- Gas delegation (Do not have to pay gas every transaction)
- Transact on multi-chain without switching
- Signature abstraction (Set rules for payment)
- Batch transactions (No more repetitive signature signing)
- Multi-party computation (Sign in with CyberAccount)
As already the largest ERC-4337 smart contract wallet system, CyberConnect, and its 50+ ecosystem projects are becoming the gateway for mass users to enter Web3.
As for a date, more than 1.25M on-chain user profiles were registered in CyberConnect network, with 400k monthly active wallets and 16M transactions in total. CyberConnect’s flagship social app, Link3, has about 940k active users and 2500+ verified organizations including BNB Chain, Arbitrum, dYdX, 1inch, Messari, Animoca Brands, TreasureDAO, Zerion, OKX etc.
$CYBER is CyberConnect’s governance token, and can be used for the following functions:
- Governance: CYBER token holders have voting power and can delegate their voting power to others. Protocol improvements are decided based on voting power.
- Payment for CyberID: used for payment when purchasing CyberID.
- CyberAccount gas token: used as the price meter and means of payment for gas fees for all transactions within CyberAccount across –
- EVM-compatible chains.
More CYBER use cases will be introduced by CyberDAO.
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