【Currency Introduction】Cyber

CyberConnect is an innovative decentralized social graph protocol that allows users to connect various projects through ccProfile, create their own social graphs, and monetize their content. The project raised a $10 million seed round in November.

Recently, CyberConnect announced the launch of its native token CYBER, which will be available for public sale on CoinList on May 18 at a price of $1.80 per token. By purchasing CYBER tokens, users can participate in the CyberConnect ecosystem while also having the opportunity to earn further rewards.

At present, CyberConnect is a promising project that provides users with better experiences and opportunities by introducing blockchain technology in the social field. This article introduces the CyberConnect project and its token CYBER in detail. If you are interested in this project, you may consider participating in its ICO.

Introduction to CyberConnect

CyberConnect (CC) is the world’s first decentralized social graph protocol serving Web3.0 social networks and the Metaverse. The protocol aims to enable developers to create social applications and empower users and creators to own their own digital identities, content, connections and monetization channels, thereby liberating themselves from the control of centralized social media (Facebook, IG) , able to fully exploit the potential of its digital social identity.

1. How CyberConnect works

CyberConnect takes a different approach to protocol design. Although users’ accounts and social relationships are still stored on-chain, CyberConnect reduces a large number of on-chain operations and instead uses off-chain verification to solve the problem. Put common, high-frequency and non-rare data such as likes and comments in decentralized storage, and store real-valued data on the chain. This strategy aims to balance the demand for on-chain data storage and network load, giving developers more flexibility to design products while also making the user terminal experience smoother.

2. CYBER and CyberDAO

CyberDAO is used for the governance delegation of the protocol, while CYBER is its governance token. CYBER is used to protect and manage the DAO, which will control the use of future funds and all core upgrades of the protocol infrastructure.

3. Web3 Status Token (W3ST)

Web3 Status Token (W3ST) is Cyber ​​Connect's Soulbound Token (SBT), which is used to record users' interactive behavior and digital reputation on the chain. Holding various W3ST means that the user participates in various interactions on CC. The more W3ST collected, the deeper the user's interaction on the platform, and the higher the weight of the account.

At the same time, players can also create content POST on the platform. High-quality content can be rewarded and subscribed by users to realize content monetization.

4. CyberConnect Ecosystem

CyberConnect adopts the protocol-product-ecology development route. They first established an agreement, then built their own signature product Link3, and expanded horizontally to develop the ecosystem.

Judging from CyberConnect’s previous hackathons, they also welcome already-formed Dapps to join the co-construction ecosystem, rather than building everything from scratch. In addition, they do not overly require the pure Web3-native nature of the application. Any meaningful interaction scenario can be grafted onto CyberConnect for users to use first and become a portal for data uploading to the chain.

These ecosystems bring richer application scenarios to the protocol and are more in line with the strategy of giving priority to building a social graph. For example, DegenReborn for games, Plato for restaurant reviews, ReadON for reading, and Oasis for the metaverse. Even Phaver, the largest application in the Lens ecosystem, has also added CC interfaces, making the ecosystem rich and diverse.

5. CyberConnect development roadmap

According to its 2023 roadmap, CyberConnect will also release several important features in the next few months, including the launch of the "Login with CyberConnect" SDK and the decentralized content publishing tool provided by CyberConnect in the second quarter of this year Link3 Post; launch CyberConnect V3 in the third quarter of this year and deploy it on more EVM compatible chains; release a Cyber ​​Wallet beta version that supports ERC-4337; launch the CyberConnect Ecological Grant Fund in the fourth quarter of this year, etc.

How to buy Cyber?
Want to invest in Cyber? It only takes 2 minutes to create an account on 8V and start trading Cyber.

https://8v.com/exchange/cyber_usdt

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8V Team

2023.09.11

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