Binance is thrilled to announce the 37th project on Binance Launchpool: CyberConnect (CYBER). This exciting project introduces a Web3 social network that empowers developers to create innovative social applications.
What Is CyberConnect (CYBER)?
CyberConnect is more than just a cryptocurrency; it’s a platform that bridges the gap between blockchain technology and social interactions. Here are some key features:
- Web3 Social Network: CyberConnect enables developers to build decentralized social applications, fostering a new era of privacy, security, and user control.
- Empowering Developers: With CyberConnect, developers can create social dApps (decentralized applications) that prioritize user privacy and data ownership.
- Token Utility: The CYBER token serves as the native utility and governance token within the CyberConnect ecosystem.
How Will CyberConnect (CYBER) Launchpool Work?
Binance Launchpool allows users to stake their assets and earn rewards in newly launched tokens. Here are the details for CyberConnect’s Launchpool:
- Staking Assets: Users can stake BNB, TUSD, and FDUSD into separate pools to farm CYBER tokens over 30 days.
- Farming Start Date: The farming period begins on August 2, 2023, at 00:00 (UTC).
- CYBER Listing: Binance will list CYBER on August 15, 2023, at 12:00 (UTC). Trading pairs include CYBER/BTC, CYBER/USDT, and CYBER/BNB.
Token Metrics and Distribution:
- Total Token Supply: 100,000,000 CYBER
- Launchpool Token Rewards: 3,000,000 CYBER (3% of total token supply)
- Initial Circulating Supply: 11,038,000 CYBER (11.04% of total token supply)
Staking Terms and Pools:
- KYC Required: Users need to complete KYC verification.
- Hourly Hard Cap per User:
- BNB pool: 333.33 CYBER
- TUSD pool: 62.50 CYBER
- FDUSD pool: 20.83 CYBER
- Supported Pools:
- 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%)
Farming Period and Rewards:
- Farming Period: August 2, 2023, to August 31, 2023 (UTC)
- Daily Rewards:
- BNB Pool: 80,000 CYBER
- TUSD Pool: 15,000 CYBER
- FDUSD Pool: 5,000 CYBER
CYBER Farming Distribution
Important Notes:
- Snapshots and Rewards: Hourly snapshots of user balances will determine rewards.
- Claiming Rewards: Users can accumulate rewards and claim them directly to their spot accounts.
- Unstaking: Users can unstake their funds at any time.
- Multiple Pools: Tokens can only be staked in one pool at a time.
Project Links
Website: https://cyberconnect.me/
Whitepaper: https://link3.to/cyberconnect/post/92e4477c7833a3e8a793c14e8ec884421a5c30edc9afb06d5ce2177ff22c074a
Twitter: https://twitter.com/CyberConnectHQ
Discord: https://discord.com/invite/cyberconnect
Telegram: https://t.me/CyberConnectOfficial
Participation in Launchpool is subject to eligibility based on the user’s country or region of residence.