[Cycles]

Personal rating: □ Understand | ■ Normal | □ Priority

Why am I giving a centered 'normal' rating? It means you can participate, but I wouldn't recommend going too heavy! This project has opened a points program, and right now, you can get involved without needing to stake your principal. The investors seem solid. However, whether there will be an airdrop, the airdrop roadmap, and if you'll need to spend points later on are all up in the air, so it's worth considering but not a sure bet!

1. Project Overview: Cycles is building a privacy settlement network aimed at the cryptocurrency market and stablecoin payments. Cycles is a spin-off from Informal Systems, utilizing its initial products, Cycles Prime and Cycles Pay, to provide privacy-preserving settlement infrastructure for institutional trading firms, enterprises, and individual users.

Currently, the B-side is running fairly well. The personal experience for C-side isn’t great yet—it’s still in the beta testing stage. But with the points system, you may get an airdrop reward!

II. Team and Investment: For the team members, previously their resumes were in the Cosmos ecosystem. Recently, Cycles has also shifted to deploying on Circle’s ARC chain. The ARC chain’s payment function is a real highlight! For financing, it received support of $8.7 million, including from Blockchange and Coinbase, etc. Not a lot, but also not too little!

III. Visual and text walkthrough of the steps:

(1) Entry point: https://beta.cycles.money/?ref=KJNUEM

You can register an account with an email or an Apple account! It’s currently recommended for users who have iPhones, because the app’s test version can only be downloaded on iOS, and some tasks require a phone to complete!

(2) After registration, go to the home page

Cycles accounts are divided into a main account and a savings account. Depositing money into the savings account earns annualized interest—similar to the difference between WeChat’s balance and wallet features.

(3) Click the points interface on the left to enter the points page.

Earning points is divided into 4 sections:

① Tasks: First, download the test version app on your phone. Then, after backing up the mnemonic phrase on your phone, unlock the related transfer and payment tasks.

Note: Based on feedback from the TG group, the current test is not stable. It’s recommended that you don’t do deposit and payment operations first, as bugs may occur—money may be transferred but you don’t know where it went, or it may take a long time to arrive, etc. If something goes wrong, you need to add their official TG group to seek help.

Also, adding friends (click contacts on the left), transferring payments, etc.—you can create a few more accounts to transfer among yourselves or between friends. It’s relatively safer!

Of course, if you can’t find anyone, you can add them as a friend—you can also add me 😅: cycles1wwxn5qvgmlurql5ugesz4yj2me278fmym2lwf55jg7dpkxfu6p8vqmdwccqt3taladhglpt0l2d0tzre35dcwvprkkrps2wu35q3vvvpc8yw6805z7p7skam4qya3700e8gvsk

② Daily points

You need to claim it every day. The amount is mainly determined by your account total and your savings account’s daily holdings, as well as your daily spending and incoming payment limits.

③ Get points through invitation bonuses and bug reports

I won’t go into detail on this—everyone understands.

IV. That’s the full visual and text explanation of how to earn project points! Hope everyone likes it. If you can, please give a like, follow, and share!