CyberConnect Launches CYBER Token for Web3 Social Graph Protocol

On April 28th, CyberConnect, the Web3 social graph protocol, announced the launch of the token CYBER, which will be publicly available on CoinList on May 18, 2023. The total supply of CYBER is 100 million pieces, and this public sale accounts for 3% of the total supply. CYBER will become the original token in its ecology, and will also allow holders to vote on its proposal.

CyberConnect Announces the Launch of Token CYBER

On April 28th, CyberConnect made a big announcement, stating that it will soon launch its CYBER token. The token will be publicly available on CoinList from May 18, 2023. The total supply of CYBER is 100 million pieces, with this public sale accounting for 3% of the total supply. CYBER is expected to become the original token in its ecology and allow its holders to vote on its proposals.

What is CyberConnect?

Before delving deeper into what the CYBER token is, it is important to understand what CyberConnect is. It is a Web3 social graph protocol that was created to provide a decentralized network for storing and exchanging social graph data of Web3 communities.
In simple words, it is a platform that allows people to store and share their social network connections without relying on a centralized platform like Facebook or Twitter. CyberConnect is expected to be more secure and privacy-focused and safeguard the data of its users.

Introduction to CYBER Token

CYBER token is the primary currency for CyberConnect’s ecosystem. It is an ERC-20 token that is built on Ethereum. The token will primarily be used for staking and voting in the network’s governance system. Besides, it will also be used for transaction fees and paying for services on the CyberConnect platform.

The Launch of CYBER Token

As mentioned earlier, the CYBER token will be publicly available on CoinList from May 18, 2023. The public sale will offer 3% of the total supply of 100 million CYBER tokens. Investors can purchase CYBER tokens during the public sale using Ethereum. The exchange rate between CYBER and Ethereum will be announced closer to the sale.

Staking and Voting on CyberConnect

A prominent use case for CYBER tokens is staking and voting. Staking involves locking up a certain number of CYBER tokens to support network security and earn rewards. Those who stake their CYBER tokens will receive a proportional reward according to the amount of CYBER they have staked.
Voting, on the other hand, allows token holders to participate in the network’s governance system. They can vote on protocol upgrades or new proposals using their CYBER tokens.

Benefits of CYBER Token

CYBER token is expected to provide several benefits to its users and investors. First, it will enable more stable governance by providing a decentralized and censorship-resistant platform. Secondly, it will allow users to own and monetize their data while providing a secure and privacy-focused platform.
Finally, CYBER token holders will have an opportunity to earn rewards by participating in staking and voting. This incentive system will ensure that investors remain interested and invested in the CyberConnect platform’s success.

Conclusion

The CyberConnect CYBER token launch is a significant milestone in the Web3 social graph protocol space. It is expected to offer several benefits to platform users and investors, ranging from secure and privacy-focused data management to an opportunity to earn rewards. The team behind CyberConnect aims to provide a sustainable, decentralized, and censorship-resistant platform that allows users to own their data.

FAQs

#1. How can I purchase CYBER tokens during the public sale?

CYBER tokens will be available for purchase on CoinList using Ethereum. The exchange rate between CYBER and Ethereum will be announced closer to the sale.

#2. What is the total supply of CYBER tokens?

The total supply of CYBER tokens is 100 million pieces.

#3. Can CYBER token holders participate in governance?

Yes, CYBER token holders can participate in governance by voting on proposals using their tokens. They can also stake their tokens to earn rewards and support network security.