What is CyberConnect (CYBER)? A SocialFi Web3 Platform on BNB Chain
What is CyberConnect? Understanding Its Mechanism and Key Features, Along with Detailed Information About CyberConnect's Tokenomics!
What is CyberConnect?
"CyberConnect: A Decentralized Social Graph Protocol on BNB Chain and Ethereum"
At CyberConnect, users can create profiles, share content (such as images and videos), and connect with others within the system.
This platform boasts various features, including access to all dApps, self-sovereign personal information (social verified), cross-chain compatibility, decentralized governance, and enticing incentives for early adopters.
Although CyberConnect operates in the social media space, it differs from traditional platforms like Facebook or Instagram. Instead, CyberConnect focuses on developing social graphs (Social Graph) that enable users to access multiple social media applications while retaining control over their personal information, relationships, and preferences. For a deeper understanding of the Social Graph's functioning, you can explore more about the Lens Protocol in this article.
CyberConnect Products and Revenue
Products of CyberConnect
CyberConnect provides utilities/products including:
- EssenceNFT (content)
- Subscribe NFT
- Social Recovery (chưa ra mắt)
ccProfile is a .cyber domain similar to Web3 Name Service (link attachment). Each domain acts as a user profile in the form of an ERC-721 NFT and requires a registration fee. Currently, the protocol allows users to mint profiles via cc.me on the BNB Chain, and domains longer than 12 characters are free. However, domains with less than 12 characters incur a fee, with shorter and more memorable domains having higher fees.
Empower Your Profile: Users Can Create a Comprehensive Webpage with All Relevant Information, Such as Website, Twitter, Blog, Team, and More!
2. Content (EssenceNFT)
Unlock Your Creativity: Users Can Create Any Content (such as short videos) with Rewards and Recognition from the Organizers.
The content will be represented as ERC-721 standard tokens (also known as EssenceNFTs), which can be stored on platforms like IPFS, Arweave, or other preferred choices of developers.
Enhance Your Profile with CyberConnect Protocol: Users Can Register Profiles by Paying a Fee, and Each Successfully Registered Profile will Receive a SubscribeNFT.
Link3, a Web3 social network platform, was launched on July 19, 2022, with the following objectives:
- Simplify introductions in Web3 through profile sharing in the form of cards.
- Use profiles for application submissions and streamline verification processes.
- Seamlessly connect previously verified message addresses.
- Enable voting delegation in DAO.
The key feature, Event Planner, allows the project to engage and connect the community through discussions, voting, AMA sessions, and hackathons, benefiting both parties. With Link3 events, users can easily participate and stand a chance to receive rewards.
As of April 9, 2023, Link3 boasts a total of 834,781 users (ccProfiles), with around 4,880 profiles being minted daily. Since its launch, the number of profiles on Link3 has surpassed 99,000 (ATH on March 18, 2023), and a total of 6,112 events have been hosted on the platform.
Typical Use Cases of CyberConnect: Exploring its Versatile Features and Functionalities
Social graph database: CyberConnect facilitates the creation, updating, and retrieval of user data through the blockchain Ceramic.
Multi-account recognition: Users benefit from streamlined identity management (password management) and a single sign-on experience.
NFT Ownership: CyberConnect aggregates and organizes data from various websites like Twitter, Foundation, and Rarible. This combination provides users with a diverse experience, making portfolio management (e.g., NFTs, videos) more convenient.
CyberChat: Users can log in via a blockchain wallet, create profiles, and exchange messages using CyberConnect.
CyberConnect SDK: A tool that supports dApps to integrate connectivity functions (JS SDK, tracking, etc.).
CyberConnect's Revenue Generation
Currently, CyberConnect has not disclosed specific revenue figures. However, it is evident that they are generating revenue through the sale of ccProfile domains and hosting events for various companies/organizations.
CyberConnect has plans to generate revenue from social data, including data/indexing from contributors and referrals. However, the protocol has not provided precise details on the project's actual revenue figures achieved so far.
Key Highlights of CyberConnect
CyberConnect addresses the limitations of sharing and transferring data within the Web2 space by establishing a decentralized social platform. In Web2, creators' (data contributors and indexers) value often goes unrewarded. The protocol empowers them to transmit content more easily and receive their rightful share of value. Additionally, some platforms in the Web2 model face restrictions on innovation, where new ideas might struggle to gain recognition, as final decisions still rest with the operators.
What is CYBER Token?
CYBER Token Key Metrics
- Token Name: CyberConnect
- Ticker: CYBER
- Blockchain: Ethereum, BNB Chain, Optimism
- Token Contract:
- Ethereum: 0x14778860e937f509e651192a90589de711fb88a9
- BNB Chain: 0x14778860e937f509e651192a90589de711fb88a9
- Optimism: 0x14778860E937f509e651192a90589dE711Fb88a9
- Token Type: Utility, Governance
- Total Supply: 100,000,000 CYBER
- Circulating Supply: Updating…
CYBER Token Use Cases
The CYBER token serves various purposes, including:
Governance: CYBER token holders have voting rights to decide on governance and protocol development proposals or delegate voting power to others.
Payments: CYBER can be used as a payment method for purchasing CyberID.
Gas Fees in CyberAccount: CYBER is utilized as gas fees for transactions within CyberAccount.
Furthermore, CyberDAO will determine additional use cases in the future.
CYBER Token Allocation
CYBER is distributed proportionally as follows:
- Ecosystem Development: 34%. In there:
- Developer Community: 10%
- Marketing: 10%
- Ecosystem Partners: 9%
- Early Integration Partners: 5%
- Private Sale: 25.12%
- Team & Advisors: 15.00%
- Community Treasury: 11%
- Community Rewards: 9%
- Public Sale: 3%
- Binance Launchpool: 3%
CYBER Token Release Schedule
CYBER Token Sale
CyberConnect: 37th Project on Binance Launchpool with Detailed Farming Information. Users can participate in the CYBER farming program with the following details:
Duration: From 7 a.m. on August 2, 2023, to 7 a.m. on September 1, 2023 (30 days) (Vietnam Time)
Stake BNB, TUSD, and FDUSD to receive CYBER tokens as follows:
- Stake BNB: Total reward of 2,400,000 CYBER (80%)
- Stake TUSD: Total reward of 450,000 CYBER (15%)
- Stake FDUSD: Total reward of 150,000 CYBER (5%)
Additional Launchpool Token Reward: 3,000,000 CYBER
Initial Circulating Supply: 11,038,000 CYBER
Previously, CyberConnect held a token sale of 3,000,000 CYBER tokens on Coinlist on May 18, 2023, at a price of 1.8 USD. The public sale included the following detailed information:
Roadmap & Updates:
CyberConnect is founded and developed by four main members, who are also the Co-Founders of the project: Ryan Li, Wilsonwei, Shiyu, and Zhimao. They all prefer to remain anonymous and use pseudonyms and NFT images to represent themselves on their individual profiles.
Investors & Partners
Investors and funding rounds
CyberConnect has achieved successful fundraising through two rounds, securing a total of 25 million USD. Leading investors include prominent investment funds such as Multicoin Capital, Sky9 Capital, and Animoca Brands.
- Seed Round on November 16, 2021: 10 million USD
- Series A Round on May 17, 2022: 15 million USD
Partnerships and Similar Projects
CyberConnect's partners include BNB Chain, Galxe, Coinbay, Atticc, RociFi, dappback, Zetachain, Treasureland, TwitterScan, Top Goal, SphinxUp, and more.
Similar projects in the same domain as CyberConnect include Lens Protocol, DESO, Reddit, Lenster, Audius, Torum, Rally, and others.
Aug 01, 2023