The Initial Coin Offering of the CyberConnect CYBER token goes live on CoinList on May 18th, three days after the registration deadline.
CoinList recently announced that the registration and sale of tokens to the CyberConnect community will take place soon. in blog postThe cryptocurrency exchange said that the sale of tokens to the decentralized user-enablement social network will start on May 18. The deadline for registration is three days early on May 15th.
At $1.80 per token, CyberTokens has an initial supply of 3,000,000 tokens, with an additional 2,000,000 that can be unlocked during the sale period. However, CoinList notes that unlocking additional tokens will be at the discretion of the team.
CyberConnect Team Twitter took To announce the public sale of the original utility and governance token.
CyberConnect
CyberConnect has described itself as the largest platform for users and developers since its launch in 2021 as Web3’s first decentralized social network. It has challenged the current state of Web2 since its inception, by creating a community-owned platform that gives users control over their digital affairs. This includes ultimate ownership of their digital identity, data content, communications, and monetization channels.
In addition to providing a link between these digital assets, the decentralized social graph protocol provides a smart contract wallet. The CyberConnect Wallet securely stores the digital assets of users and developers and facilitates the Web3 setup of these assets. This post sees CyberConnect’s decentralized data warehousing operating as a hybrid model that combines the advantages of on-chain and off-chain.
According to reports, more than 50 projects are already deploying CyberConnect’s decentralized social network infrastructure in various use cases. These include community-owned social networks, content curation, marketplaces, and discovery tools.
As of April, CyberConnect has more than 875,000 CyberProfiles and approximately 327,000 active wallets per month. These self-sovereign on-chain identities have completed over 7.3 million cumulative transactions across multiple decentralized blockchains and protocols.
Currently on Ethereum, Polygon, and BNB Chain, CyberConnect is designed to be multi-chain and scalable. The decentralized social graph protocol is looking to expand to other Ethereum Virtual Machine (EVM) compatible chains.
Alongside the development of CyberConnect, CoinList lists the SUI
In other news, CoinList appears set to list the Sui Blockchain native token SUI on May 3, coinciding with the Sui Network mainnet launch. in blog postCoinList said:
“Our mission at CoinList is to empower builders at any stage of their journey and connect them with high-quality early adopters for their products. Today, we are excited to announce that CoinList will be listing SUI, the highly anticipated Sui Blockchain native token, on its first day of launch.”
At the time of the announcement two days ago, the token launch and trading platform also said that “as part of the SUI launch, CoinList will be offering 48 hours of free trading on all SUI pairs on CoinList Pro and one month of no-fee bets to all eligible CoinList users.”
Ranked among the most functional token listing platforms in the decentralized space, CoinList has facilitated the popularity of several innovative blockchain protocols. These include Solana (SOL), Filecoin (FIL), Casper (CSPR), and Mina.
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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify cryptocurrency stories down to the bare essentials so that anyone anywhere can understand without much background knowledge. When not in the depths of cryptocurrency stories, Tolo enjoys music, loves to sing, and is a movie lover.