TL;DR
✧ Users can now start staking BNB, TUSD, and FDUSD to farm CYBER tokens on Binance Launchpool.
✧ CYBER token trading will begin August 15, 2023, at 12 PM UTC.
✧ Season 1 of Community Rewards begins the same day as CYBER trading on Binance. A total of 2.4M CYBER will be available for claiming by the earliest adopters and community members.
CyberConnect is a web3 social network that enables developers to create social applications empowering users to own their digital identities, content, connections, and interactions.
The current social network landscape is dominated by a limited number of centralized, profit-driven corporations, whose primary focus is their own financial interests. This creates an ecosystem that unfairly monetizes user data and hinders innovation, preventing developers from introducing new and innovative social products and features.
Beginning in 2021, CyberConnect aims at challenging this status quo by establishing a community-owned social network that offers users ultimate control over their digital lives free from centralized and biased tech.
Just last week, CyberConnect took web3 by storm with CyberTrek, a two-month-long campaign to bring the power of ERC-4337 and account abstraction to users. In just a matter of a few days, CyberConnect is already the biggest smart contract account provider and a market leader in this new, emerging space.
Building on this momentum, we are thrilled to share that CyberConnect protocol’s native utility and governance token, CYBER is now available on Binance Launchpool, and users can start staking BNB, TUSD, FDUSD into separate pools to farm CYBER over the next 30 days.
CYBER will be available for trading on Binance starting August 15, 2023, at 12 PM UTC.
To learn more about Binance Launchpool and the upcoming listing of CYBER, click here.
Community Rewards: Season 1
At CyberConnect, we are on a mission to empower users to create long-lasting on-chain connections through the power of web3. CYBER token and CyberDAO are crucial steps in fully succeeding in that mission by entrusting a decentralized community with control over the future use of the community treasury and all core upgrades to the protocol’s infrastructure.
Thanks to our dedicated community of early adopters, we’ve made significant progress toward this mission over the past two years.
We’re excited to introduce Season 1 of CyberConnect Community Rewards to recognize the support of our earliest adopters and community members.
- Community Rewards Season 1 claiming will begin August 15, 2023, at 12 PM UTC.
- Users can check their eligibility starting August 4, 2023.
- A total of 2.4% of the total supply (2,400,000 CYBER) will be available for claiming.
- Holders of the following are eligible for claiming rewards in Season 1:
✧ W3ST
✧ CyberProfile Early Adopter NFT
✧ CyberProfile Premium Handle (11 Characters or Lower)
Specific reward guidelines will be shared on Aug 4, 2023. Stay tuned on our Twitter, or keep an eye on Link3.
Things to Remember:
- A snapshot has already been taken at 6 AM UTC on August 1, 2023, for the existing holders of the above-mentioned NFTs, and transferring has been suspended. Please do not attempt to transfer NFTs, as it will result in a loss of gas fee.
- Opening an unopened Mystery Box will have no effect on the reward distribution. Please do not attempt to open Mystery Box as it will result in a loss of gas fee.
- Unclaimed Mystery Boxes, Mini Shards, and W3ST will be automatically airdropped to users’ wallets. Please do not claim them as it will result in a loss of gas fee.
- CyberTrek and CyberConnect FanClub will suspend NFT rewards and transition into a new points system called CyberPoints.
- FanClub Raffle Week #21 will run normally; NFTs will be airdropped to winners automatically and counted towards Season 1 Community Rewards.
- All progress made with CyberPoints on CyberTrek and FanClub will be considered for future seasons of community rewards.
- Community Rewards Season 1 will be available to claim at cyber.co.
- CYBER purchased during the CoinList public sale will also be available on August 15, 2023, at 12 PM UTC.
Season 2: Soon
Season 1 of Community Rewards is just the beginning. There will be several more seasons.
With CyberTrek’s impressive success in its first week, we’re sure we’re onto something special. Season 2 will specifically reward the earliest adopters and ambassadors of CyberAccount and the upcoming CyberWallet. Be sure to meet the minimum top-up requirements to be eligible.
All activity after 6 AM UTC on August 1, 2023, will be considered for Season 2.
Updated Token Distribution
CyberConnect protocol’s native utility and governance token CYBER 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
CyberID is an ERC-721 token that represents a unique handle for users’ accounts in the CyberConnect social network. CYBER will be used for payment when purchasing CyberID. - CyberAccount Gas
CYBER will be 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 shall be introduced by CyberDAO.
Since the conclusion of the CYBER public sale on CoinList, we’ve updated the token distribution.
Read this to learn more about CYBER’s utility.
About CyberConnect
CyberConnect is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. Messari, Rarible, 1inch, and BNB Chain, along with 2,500 projects, and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.
Join CyberConnect Community