What is CyberConnect? Information about the CyberConnect project and the CYBER token
Developed to mitigate the issues of centralization and data control in Web2, CyberConnect enables online profile and identity connections. So, what is CyberConnect?
1. What is CyberConnect?
CyberConnect, the 37th project on Binance Launchpool, is a decentralized Web3 social ecosystem built within the blockchain space, allowing developers to create social applications where users have full control over their identity, content, and digital connections.
In other words, CyberConnect enables users to consolidate their social connections on a single platform by constructing a social relationship graph. For example, in the Web2 era, you own separate social relationship graphs on different social platforms. When transitioning to a new platform, you have to start anew with your identity and rebuild your social connections.
CyberConnect will eliminate that barrier, allowing users to aggregate social connections from different platforms and domains into a single social network. This enables users to easily transition between social platforms without worrying about being unable to migrate their relationships, content, friends, and other data.
2. How does CyberConnect operate?
CyberConnect primarily operates using CyberAccount - an intelligent infrastructure that facilitates identity recognition, providing each individual with a self-managed Web3 account. CyberAccount issues unique identifiers called CyberIDs, such as username.cyber.
In the future, CyberAccount will provide users with a similar experience to Web2 by allowing people to set up Web3 identities through registration with their social media or email login information.
Users can start conversing with each other within the CyberConnect social graph once they have established their identity. They can share, store content, and create links between their accounts.
The emergence of CyberConnect helps address current challenges of social media platforms by providing infrastructure for developers to build community-owned social applications. The project envisions a more equitable social network, where value flows directly between creators and users instead of being extracted by intermediary platforms. At its core, CyberConnect aims to prevent censorship, content manipulation, and exploitation of users' personal information by centralized platforms.
For creators, CyberConnect fosters flexibility in monetizing digital content and building communities on their own terms. Independent of centralized platforms, influencers in the social media space and artists can leverage features like digital collections to engage followers.
Meanwhile, users reclaim ownership of their social connections with CyberAccount, which they can take with them anywhere. Open standards enable users to avoid starting their online identity from scratch when transitioning between social platforms.
3. CYBER Token Details
3.1. CYBER token key metrics
Token name: CyberConnect
Ticker: CYBER
Blockchain: Ethereum, BNB Chain, Optimism
Token Standard: ERC-20, BEP-20.
Contract: 0x14778860e937f509e651192a90589de711fb88a9
Token Type: Utility, Governance token
Total Supply: 100,000,000 CYBER
3.2. CYBER Token Allocation
Ecosystem Development: 34.0% (equivalent to 34,000,000 CYBER)
Private Sale Investors: 25.1% (equivalent to 25,100,000 CYBER)
Team and Advisors: 15.0% (equivalent to 15,000,000 CYBER)
Community Treasury: 10.9% (equivalent to 10,900,000 CYBER)
Community Rewards: 9.0% (equivalent to 9,000,000 CYBER)
Binance Launchpool: 3.0% (equivalent to 3,000,000 CYBER)
Public Sale Investors (Coinlist): 3.0% (equivalent to 3,000,000 CYBER)
3.3. CYBER token release schedule
CYBER token allocation schedule is designed to ensure the stability and sustainability of the ecosystem. You can track the vesting schedule on platforms such as Token unlocks, Cryptorank...
3.4 CYBER token use cases
CYBER is the native token of the CyberConnect ecosystem. Deployed on various blockchain platforms such as Ethereum, BNB Chain, and Optimism, CYBER is used for the following purposes:
Governance: CYBER token holders can vote on various protocol improvements and even delegate their voting power to others.
Payment for CyberID: Users can use CYBER tokens to purchase their unique digital identities.
CyberAccount Gas Token: CYBER also serves as a means of payment for all transaction gas fees within CyberAccount across different blockchains.
3.5. CYBER token sale
3.5.1. Coinlist
The public sale event for CYBER tokens on CoinList is scheduled for May 18, 2023, with the following details:
Total supply: 100,000,000 CYBER
Amount available for sale: 3,000,000 CYBER (3 million tokens, equivalent to 3% of total supply)
Sale price: $1.8 per CYBER
Vesting: 25% unlocked at TGE (Token Generation Event), remaining 75% unlocked gradually over 6 months starting from Q4/2023
Registration deadline: Deadline is until May 15, 2023
Sale period: May 18, 2023
Per participant: $100 - $500
Payment accepted: USDC or USDT
3.5.2. Binance Launchpool
Binance Launchpool officially sold CYBER tokens with a total pool of 3,000,000 CYBER for 3 stake token pairs: BNB, TUSD and FDUSD, on Aug 2, 2023.
Stake BNB: 2,400,000 CYBER in rewards (80%).
Stake TUSD: 450,000 CYBER in rewards (15%).
Stake FDUSD: 150,000 CYBER in rewards (5%).
4. Project Team, Investors and Partners of CyberConnect
4.1. Team
Ryan Li: Co-Founder
Ryan graduated from the University of California with a bachelor's degree in Electrical Engineering & Computer Science with honors.
Ryan has had an entrepreneurial spirit from an early age, founding SketchMe and NOVAPEX. Later, Ryan worked as a Software Engineer intern at Google.
Ryan briefly worked with Instagram as a Software Engineer.
Ryan went on to build Lino Network & DLive - a decentralized live streaming software on the blockchain. In December 2019, BitTorrent later acquired DLive. It's worth mentioning that DLive was extremely successful, with 10 million monthly users.
Ryan also served as the CTO at BitTorrent for a period of time.
Ryan started founding and building CyberConnect in March 2021.
Wilson Wei: Co-Founder
Wilson graduated with a Bachelor's degree from the University of California.
Together with Ryan Li, Wilson co-founded Lino Network & DLive.
Wilson also held senior positions at BitTorrent.
Wilson is also an Angel Investor, having invested in JDT and i-Space.
Shiyu Z: Co-Founder
Shiyu has a strong passion for learning, holding a Bachelor's degree in Mathematics and Computer Science from New York University, followed by a degree from Fudan University in China. Additionally, Shiyu earned a Master's degree from the Massachusetts Institute of Technology in Technology and an MBA from the Wharton School.
Before co-founding Lino Network & DLive with Wilson and Ryan, Shiyu also worked on several community projects.
Shiyu also served as the Director of the Blockchain Division at BitTorrent.
Zhimao Liu: Co-Founder
Zhimao holds a Bachelor's degree in Computer Science from the University of Iowa and a Master's degree in Computer Science from Columbia University.
After graduating, Zhimao interned at Facebook and Epic.
Later, Zhimao worked at DLive after its acquisition by BitTorrent, then moved to Google as a Software Engineer.
In March 2021, along with Shiyu, Wilson, and Ryan, the four of them co-founded CyberConnect.
4.2. Investors
Through 3 rounds of fundraising, CyberConnect has raised a total of 30.4 million USD with the participation of numerous top-tier investment funds such as Multicoin Capital, Binance Labs, Delphi Digital, Sky9 Capital, Hashed, and others.
5. Closing thoughts
CyberConnect has the potential to shape the future of social networks by leveraging the best aspects of blockchain technology. It provides the ability to control identity, data ownership, and other excellent community-building tools. With innovative features and a vision for a decentralized social context, CyberConnect sets new standards for what social networks can and should be, making it a project worth considering.
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