CyberConnect is one of the first and largest Social projects in the cryptocurrency world. The launch of the project's token also marks the return after more than a year of Coinlist - the place that distributes tokens with the best profits in the market. So what is special about CyberConnect and what is the potential of the project? Let's find out together through this article.

What is CyberConnect?

CyberConnect is a decentralized social network protocol based on Web3 technology, providing developers with the tools needed to build creative and innovative social applications. The project was born with the aim of modifying the traditional Web2 social model, which monopolizes user data.

With CyberConnect, users have complete control over their identity, personal data, and monetization channels.

Special features of CyberConnect

Scalability issues and high gas fees are the biggest hurdles for Web3 Social projects. And "Scalable Storage Modules (SSM)" is the special feature of CyberConnect, created to fix this problem.

"Scalable Storage Modules" - technology that creates a scalable storage system, provides CyberConnect with a storage system to cache and upload user actions in bulk. It uses off-chain storage such as Arweave, BNB Greenfield, thereby significantly increasing overall throughput and reducing costs as storing data entirely on-chain is inherently expensive.

How does CyberConnect work?

CyberConnect's operating model revolves around 3 products:

  • CyberAccount: Where users create web3 profiles with mint CyberID. With the integration of AA technology, users will soon easily create web3 accounts with gmail or Web2 accounts such as FB, Twitter,...

  • CyberNetwork: After successfully establishing an identity, users can begin interacting in CyberConnect. They have started creating content. With quality content, users can mint into NFTs using the EssenceNFT smart contract. Meanwhile, SubscribeNFTs represent following other users and profiles. CyberAccounts can customize registration rules such as paid or controlled.

  • CyberGraph: records all user activity using on-chain smart contracts and off-chain storage.

Outstanding results

as of July 2022, CyberConnect shows impressive statistics, with over 1.25 million user profiles, 200 thousand monthly active wallets, nearly 16 million transactions made, and millions of creative content.

According to data from CyberConnect Dune Dashboard, the project has collected nearly 900 thousand USD in platform transaction fees on the Ethereum and BNB Chain blockchains. With 1628 paid CyberID accounts, the project also earned more than 15 thousand USD.

CyberConnect ecosystem

CyberConnect has a strong development ecosystem with many projects. Some outstanding projects include:

  • Link3: Web3 social network for community building and content discovery, with more than 2,500 organizations using it for profiles and events.

  • Galxe: a platform that allows users to build personal Web3 profiles, where developers interact and develop the community.

  • Atticc: A social app for the NFT community to connect, build profiles, and conduct commerce.

  • QuestN: Platform that allows users to earn rewards through project tasks.

  • Aspecta: Web2 and web3 profile linking platform.

  • Mocaverse: NFT collection released by Animoca Brands.

  • Readon: Decentralized content distribution platform with features like read to earn and NFTs.

  • Phaver: A multi-chain super ecosystem for content creation, interaction...

  • CyberTune: Decentralized music streaming platform with social features.

  • Oasis Origin: Privacy-first web3 profile system for identity verification, community, and engagement.

Tokenomics

Key Metrics

  • Ticker: CYBER

  • Token standard: ERC-20

  • Total supply: 100,000,000

  • Max supply: 100,000,000

  • Contract: 0x14778860e937f509e651192a90589de711fb88a9

Token Allocation

Token Distribution

  • Team and Advisors: vesting period starts from November 15, 2024 - November 15, 2027, 7.69% tokens for each quarter.

  • Private Sale: vesting period starts from August 15, 2024 - August 15, 2027, each quarter 7.69% tokens.

  • Community Treasury: 10% paid immediately at the time of TGE, vesting period August 15, 2023 - August 15, 2028, 1.5% tokens per month.

  • Community Reward: 20% paid immediately at the time of TGE, the remaining 80% tokens are reserved for future incentive programs.

  • Coinlist Sale: 25% paid immediately at TGE, vesting period August 15, 2023 - February 15, 2024, 12.5% ​​tokens each month.

Particularly for Ecosystem Development - the token portion dedicated to developing CyberConnect's ecosystem will be allocated as follows:

  • Ecosystem Partners - for partners in the ecosystem: 20% paid at TGE, vesting period August 15, 2023 - August 15, 2027, 1.67% per month.

  • Developer Community - for developers: 5% paid at TGE, vesting period August 15, 2023 - August 15, 2027, 1.98% per month.

  • Early Integration Partners - early partners of CyberConnect: 10% paid at TGE, vesting period August 15, 2023 - August 15, 2026, 2.5% tokens each month.

  • Marketing: 10% paid at TGE, vesting period August 15, 2023 - August 15, 2026, 2.5% tokens each month.

Everyone can check the more detailed token unlock schedule at Vestlab or Cryptorank.

Token Use Case

CYBER plays a very important role in CyberConnect's ecosystem:

  • Governance: CYBER token holders have the right to participate in voting on proposals, improvements, and changes to the protocol.

  • CyberID mint fee: Users must pay in CYBER when purchasing CyberID.

  • Gas fees in CyberWallet: CYBER will be used as gas fees for transactions on all chains available on CyberWallet – CyberConnect's AA wallet solution.

  • Other use cases of CYBER will be deployed by CyberDAO in the future.

Project development roadmap

Some of the most notable milestones in CyberConnect's development:

  • CyberConnect V1 launched in Q3 2021, providing developers with a shared data layer to build their applications.

  • V2 launched in August 2022. While V1 was built only on Ethereum, V2 expanded across the BNB and Polygon chains. V2 has also implemented a new scaling model that brings more flexibility to smart contracts.

  • V3 was launched in July 2023, introducing three extremely important upgrades – CyberAccount, CyberGraph and CyberNetwork, providing users with user-friendly, easy-to-use social networking experiences like web2.

After the successful launch of V3 and CyberWallet, the CyberConnect team has ambitious plans for its ecosystem for the remainder of 2023. According to their official roadmap, CyberConnect aims to reach more 120 dApps in the ecosystem and over 1.5 million CyberAccount owners by the end of this year. To achieve the above goal, CyberConnect will launch a funding program for developers participating in promoting the ecosystem.

Development team and investors

Development team

CyberConnect's development team includes very high-quality names with experience in building and developing many successful projects in the past. Core team are all people who have been together for a long time.

Co-founder and CEO: Wilson Wei

  • Graduated from the University of California.

  • Having spent nearly 1 year as a senior manager at BitTorrent.

  • Established and developed DLive since 2017 - the first decentralized streaming platform for gamers and cryptocurrency users. The project is very successful with more than 30 million monthly active users, attracting the world's number 1 YouTube streamer Pewdiepie to join the platform. DLive was then acquired by BitTorrent in early 2020.

  • Co-founder and CEO of Lino Network - a blockchain project that raised more than 20 million USD and was acquired by TronNetwork at the end of 2019.

  • Wei also has quite impressive investment experience.

Co-founder: Ryan Li

  • Graduated with honors majoring in Electrical Engineering and Computer Science from the University of California.

  • More than 1 year serving as CTO of BitTorrent

  • Co-founder and CTO of DLive

  • Co-founder and CTO of Lino Network

  • Used to work in software at Instagram and Google

  • Li participated in startups from a young age with many projects such as SketchMe (sponsored by Tencent).

Co-founder: Shiyu Zhang

  • Graduated with a bachelor's degree in computer science from New York University.

  • More than 1 year working as Blockchain Director at BitTorrent.

  • Zhang is also co-founder of DLive and Lino Network

Co-founder: Zhimao Liu

  • Master of Computer Science, Columbia University

  • Formerly worked as technical manager at BitTorrent

  • Experience working as a software engineer at Epic and Facebook.

Investors

  • November 16, 2021: successfully raised $10 million in seed round with the participation of 12 investment funds, led by Multicoin Capital and Sky9 Capital.

  • January 1, 2022: calling for seed round capital with the participation of an investment fund. The investment value and investors have not been disclosed.

  • May 18, 2022: successfully raised $15 million in Series A capital with the participation of 13 investment funds, led by Animoca Brands and Sky9 Capital.

  • October 25, 2023: received investment from Binance Labs. The value of the investment has not been disclosed.

Competitor of CyberConnect

Some of CyberConnect's main competitors in this field include: Lens Protocol, DESO, Farcaster,...

Project information channel

  • Twitter: https://twitter.com/CyberConnectHQ

  • Website: https://cyber.co/

  • Mirror: https://mirror.xyz/cyberlab.eth

summary

Possessing a quality development team and a strong force of investors and supporting organizations, CyberConnect has emerged as one of the most potential Social projects in the market. However, investing in tokens requires investors to carefully research the project and the situation of the market in general. Hopefully this article gives everyone full information about this potential project.