- Binance and other crypto exchanges have listed the CYBER token.
- Community members have access to rewards.
- The Incrypted team previously held an AMA session with a representative from CyberConnect.
The CYBER token was listed on Binance, ByBit, MEXC, Kraken and many other exchanges at 3:00 p.m. on August 15th. As of this writing, the cryptocurrency is trading at $6.37, according to Binance.
Simultaneously with the listing, CyberConnect opened up CYBER branding to active community members. Holders and owners of:
- Mystery Box;
- The Shards;
- Mini Shards;
- CyberProfile Early Adopter;
- CyberProfile Premium Handle and W3ST.
The Incrypted team previously held an AMA session with Growth Analyst James Dai of CyberConnect. He said the project is focused on empowering users with privacy rights and giving “ownership of data and interactions.”
“In Web2, social graphs and identifiers represent connections between users, their content and interests. But this information is usually held by the social media giants,” Dai noted.
The CyberConnect project offers CyberAccount, a set of smart contracts that form a user’s sovereign digital identity, and CyberGraph, a decentralized, censorship-resistant alternative designed for the next generations of social internetworking platforms.
“CyberConnect, which combines CyberAccount and CyberGraph, links users’ identities with their content and social connections, and allows this rich social data to be recorded on multiple EVM-compliant blockchains,” Dai said.
This decentralized connection between accounts and content is fundamental to guaranteeing true user ownership and eliminating centralized control by any one platform, he said.
James Dai told our team that an additional CyberAccount update will be introduced in the next few months that utilizes zero-knowledge proof and privacy computing technology to protect users’ privacy and security.
“CyberConnect is committed to helping everyone move to Web3, so our goal is to build the best infrastructure and applications for web3 to reap the benefits and achieve mass adoption,” Dai said.
The CyberConnect analyst said the main idea behind the project is to ensure that those working with content are well incentivized to work and continue to use the platform. CyberGraph provides a framework for the development of artists, authors and creative individuals.
“In this era, everyone is creating some kind of content. Every social media interaction, whether it’s comments, likes or reposts, will belong to you alone and have real value,” James Dai emphasized.
He also talked about the development of CyberDAO, noting that the CYBER token “will definitely play a big role in that.”
“The DAO itself is a unique structure in the world because it represents the collective will of a group of people. From CyberConnect to CyberDAO, we will always try to rely on the ideology of a decentralized and onchain-based social system. As for improvements, we’ll leave that up to all CYBER token holders.”
In a conversation with Incrypted, James Dai listed the features of the Cyber Wallet:
- Cashless payments and transfers;
- Packaged transactions that eliminate the need to sign each transaction;
- Smooth switching between networks;
- Social recovery so users don’t have to worry about losing private keys and more. For more information, visit the website.
The CyberConnect project appeared on the Binance Launchpool on August 1. The CyberTrek campaign kicked off on Aug. 7 with a $1.8 million prize pool.
The CyberTrek campaign was launched on Aug. 7.