Cyclone Protocol is fueled by the CYC token, which is designed to incentivize anonymity providers, liquidity providers, and users. CYC is NOT pre-mined or pre-allocated. Those that contribute to Cyclone will earn CYC.
Genesis anonymity pools will be provisioned when launch on a blockchain
Opening of additional anonymity pools will have to go through community vote
Anonymity Mining: Coins/tokens are rewarded to ones who deposit coins/tokens into anonymity pools and keep them there for a while. There are twoversions of anonymity mining that mint CYC in different ways.
Liquidity Mining: CYC is rewarded to users who provides liquidity for CYC on DEX (Decentralized Exchanges).
Use Anonymity Pool: when one uses the anonymity pool to gain privacy, a certain portion of CYC will be burned.
Decentralized Governance: CYC holders are entitled to govern the Cyclone Protocol.
Roles and Rewards
There are four roles in Cyclone Protocol.
How To Become
Provide anonymity by depositing tokens and letting them stay there for a while
Anonymity mining reward
Deposit-and-withdraw tokens for transactional privacy
Bond coins/tokens + CYC to DEX to provide liquidity of CYC
Liquidity mining reward
CYC holders who decide how the protocol evolves
CYC Token is issued on multiple blockchains and fully connected via the bridge. The CYC contract addresses are different chains are: