What is CYBER Coin? CyberConnect project future

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6 Apr 2024

What is CyberConnect?

CyberConnect is a social networking platform that runs on web3 technology, encouraging individuals to have full control over their digital identities, sharing, relationships and interactions. In other words, it is a social media platform like Twitter or Instagram, but it uses WEB 3.0 technology.

This platform offers opportunities for developers to develop social applications based on the freedom of users to own their own digital assets.

We can say that the starting point of CyberConnect is that social media applications currently used by millions of people are managed unilaterally and for profit purposes.

This leads to an unfair distribution of income and limited innovative social features. CyberConnect aims to eliminate this problem, allowing individuals to control their digital assets and interactions through a decentralized and neutral technology. This enables the community to build their own social network and experience true freedom in the digital world.

What is CYBER Coin?

What is CYBER coin? CYBER is a token that serves as the core governance unit of the CyberConnect platform. The number of CYBERs you own determines your voting rights on the platform, and you have the opportunity to transfer these rights to another user.

It can also be used as a means of payment for the purchase of CyberID. In CyberAccount transactions, CYBER is also required to pay gas fees on chains that are compatible with EVM. The CyberDAO team continues to work on many more features that will expand the use of CYBER.

CYBER Coin supply

As of August 1, 2023, the total CYBER supply is 100 million units. However, the circulating supply at the time of listing will be 11,038,000. In other words, when CYBER coin is opened for trading, there will be 11% of the total supply in circulation.

Who owns CyberConnect?

The founder and CEO of CyberConnect is Wilson Wei. Wilson Wei, an entrepreneur, founded his first venture (Lina Blockchain) in Silicon Valley in 2017. Wei, who later sold this venture to BitTorrent, implemented the idea of CyberConnect in 2021.

CyberConnect project

CyberConnect, as we just mentioned, is a social network protocol that works on the basis of web3 technology. The aim of this platform is to enable users to have full control over their digital identities, content, relationships and interactions. This major project consists of three main components:

CyberAccount: It is an account system compatible with the ERC-4337 standard.
CyberGraph: An uncensorable database for user content and social connections, powered by multi-chain smart contracts.
CyberNetwork: It is an efficient and scalable L2 network in terms of gas usage.

So, what are the values that the CyberConnect platform offers for people? Why should people use CyberConnect as a social network? According to the managers of the project, the answer is as follows.

For developers: It offers the opportunity to develop innovative social applications powered by Web3 technology without worrying about infrastructure or startup difficulties.
For Content Creators: It allows them to reach their audiences and earn income by creating their content in a fair, direct, free and decentralized environment.
For users: It gives them the chance to easily participate in the web3 world with their digital identities and social interactions over which they have full control.

In short, CyberConnect is a platform designed to shape the future of social media and give individuals more control in the digital world.

It offers airdrop opportunities to those who stake Cyber coin on its site and earn points. You can benefit from both your own coin's airdrop and other airdrop systems. I would appreciate it if you use my ref while staking.