A glance at the new CoinList project CyberConnect token model

On April 28th, Web3 social protocol CyberConnect announced the launch of the native Token CYBER, and launched a public offering on CoinList on May 18th. The total amount of CYBER is 100,000,000, and the public issuance of CoinList accounts for 3%, of which 25% will be unlocked after going online, and the remaining 75% will be unlocked linearly and monthly within 6 months. The registration deadline for this round of issuance is 20:00 Beijing time on May 15. The unit price for the public offering is $1.8, while the institutional price for the Series A round is $3.

CyberConnect is a Web 3 social networking protocol for developers and user experience owners A platform for identity, content, connectivity, and tokenized channels, which includes three user-centric functions: CyberProfile, a decentralized identity standard that provides access to Web 3; CyberConnect Social Graph, which links user digital identities, data, Content and Friends; CyberWallet, its protocol’s smart contract wallet that securely stores user assets.

About CYBER and CyberDAO

CyberDAO is used for the governance delegation of the protocol, and CYBER is its governance token, CYBER is used to protect and manage DAO, and DAO will control the use of future funds and protocol infrastructure All core upgrades for .

CYBER will provide the following benefits to the CyberConnect protocol:

Governance

CYBER token holders will vote on proposals for sustainable long-term development and improvement of the CyberConnect protocol. Upcoming proposals include: a service fee to activate paid transactions through the protocol; changes to the service fee collection rate; changes to acceptable tokens for payments; expansion of the protocol to new blockchains; a developer grant program and a community contributor program budget allocation, as well as offline and online community activities for ecosystem development.

Used to pay for CyberProfile mint

CyberProfile is the entrance for developers and users to enter the CyberConnect ecosystem. CYBER will be used as a gas token when purchasing a CyberProfile with a premium username.

Used for CyberWallet to pay Gas

CyberWallet is CyberConnect's smart contract wallet solution, which provides users with a seamless transaction experience without mnemonic words, and does not need to provide their blockchain native tokens for different chains as payment Gas. CYBER will be used as a payment gas in CyberWallet The price list and gas payment method for all transactions across EVM-compatible chains, whose wallet CyberWallet is still under development, will be applicable to Ethereum, Optimism, Arbitrum, BNB Chain, Base and Polygon networks.

CYBER token economy

The total supply of CYBER is 100,000,000 distributed as follows:

-Team & Advisors: 15 %, locked for 15 months after launch, and then unlocked in a linear quarter for 3 years;

-Private placement: 25.12%, locked for 12 months after launch, followed by 3 years Annual linear quarterly unlock;

-Community Treasury: 10.88%, 10% unlocked online, and the remaining 90% 5-year linear monthly unlock;

-Community Rewards: 12%, 20% will be allocated to early users after launch, and the remaining 80% will be allocated to future community rewards;

-CoinList public offering: 3%, 25% will be unlocked after going online, and the remaining 75% will be unlocked linearly within 6 months;

- Ecological development: 34%, see below for details.

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In terms of ecological development

-Ecological partners: 9%, 20% will be unlocked after going online, and 80% will be unlocked linearly within 4 years;

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-Developer community: 10%, 5% unlocked after going online, 95% unlocked linearly within 4 years;

-Early integration partners: 5%, 10% unlocked after launch, 90% unlocked within 3 years;

-Marketing: 10%, 10% will be unlocked after going online, and 90% will be unlocked within 3 years.

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Early Adopter and Contributor Qualification

CyberConnect Early Adopter and Contributor-qualified users will enter the priority queue for the CYBER public sale on CoinList. The following are the judging criteria:

-CyberProfile owner with advanced handle;

-CyberConnect FanClub different tiers of FanPass NFT holders;

-W3ST holders;

-W3ST holders;

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-Discord early adopters (first 1000, 10000, 100000 early adopters into Discord);

-NFT holders of Link3 Mystery Box and The Shards series;

-NFT holders of previous community activities, verified Web3 Dweller, Connect2022 Holders of Grand NFTs, #Let'sCyberConnect Season 1 POAP, Community Treasure Hunt OATs;

-CyberConnect Donors on Gitcoin.

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The snapshot was taken at 9:00 (UTC) on April 26, 2023, and those who want to get CYBER are given priority To purchase qualifications, you need to add a qualified Ethereum address to your CoinList account before the end of registration, which will be at 12:00 on May 15, 2023 (UTC).

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