A Quick Look at CoinList’s New Project CyberConnect Token Model
On April 28th, Web3 social protocol CyberConnect announced the launch of the native Token CYBER, and launched a public offering on CoinList on May 18th. The total amount of CYBER is 100,000,000, and CoinList's public issuance accounts for 3%, of which 25% will be unlocked after going online, and the remaining 75% will be unlocked linearly and monthly within 6 months. The registration deadline for this round of issuance is 20:00 on May 15th, Beijing time. The unit price for the public offering is $1.8, while the institutional price for the Series A round is $3.
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About CYBER and CyberDAO
CyberDAO is used for the governance delegation of the protocol, and CYBER is its governance token. CYBER is used to protect and manage DAO, which will control the use of future funds and all core upgrades of the protocol infrastructure.
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governance
CYBER token holders will vote on proposals for sustainable long-term development and improvement of the CyberConnect protocol. Upcoming proposals include: a service fee to activate paid transactions through the protocol; changes to the service fee collection rate; changes to acceptable tokens for payments; expansion of the protocol to new blockchains; a developer grant program and a community contributor program budget allocation, as well as offline and online community activities for ecosystem development.
Used to pay for CyberProfile mint
CyberProfile is the entrance for developers and users to enter the CyberConnect ecosystem. CYBER will be used as a gas token when purchasing CyberProfile with a premium username.
Use CyberWallet to pay Gas
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CYBER token economy
The total supply of CYBER is 100,000,000 distributed as follows:
-Team and consultants: 15%, locked for 15 months after launch, and then unlocked linearly for 3 years;
-Private placement: 25.12%, locked for 12 months after going online, and then unlocked linearly for 3 years;
-Community Treasury: 10.88%, 10% will be unlocked online, and the remaining 90% will be unlocked on a monthly basis for 5 years;
-Community Rewards: 12%, 20% will be distributed to early users after launch, and the remaining 80% will be distributed to future community rewards;
-CoinList public offering: 3%, 25% will be unlocked after going online, and the remaining 75% will be unlocked linearly on a monthly basis within 6 months;
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Ecological development
- Ecological partners: 9%, 20% will be unlocked after going online, and 80% will be unlocked linearly within 4 years;
-Developer community: 10%, 5% unlocked after launch, 95% linearly unlocked within 4 years;
-Early integration partners: 5%, 10% will be unlocked after launch, and 90% will be unlocked within 3 years;
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Early Adopter and Contributor Eligibility
Users who qualify as CyberConnect Early Adopters and Contributors will be in the priority queue for the CYBER Public Sale on CoinList. The following are its judging criteria:
-CyberProfile owner with advanced handle;
- Different tiers of FanPass NFT holders of CyberConnect FanClub;
-W 3 ST holders;
- Discord early adopters (top 1000, 10000, 100000 early adopters into Discord);
- Link 3 Mystery Box and The Shards series NFT holders;
- NFT holders from previous community events, verified holders of Web3 Dweller, Connect 2022 Grand NFTs, #Let'sCyberConnect Season 1 POAP, Community Treasure Hunt OATs;
-CyberConnect Donor on Gitcoin.
The snapshot was taken at 9:00 (UTC) on April 26, 2023. To qualify for CYBER priority purchase, you need to add the eligible Ethereum address to your CoinList account before the end of registration, which ends in May 2023 12:00 (UTC) on the 15th.
