Cyclone Protocol
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Token Economics
Overview
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.
- Total Supply: 50,000, fixed
- CYC Mint
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- Genesis anonymity pools will be provisioned when launch on a blockchain
- Opening of additional anonymity pools will have to go through community vote
- Liquidity Mining: CYC is rewarded to users who provides liquidity for CYC on DEX (Decentralized Exchanges).
- CYC Utility
- 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.
Roles
How To Become
Benefits
Anonymity Provider
Provide anonymity by depositing tokens and letting them stay there for a while
Anonymity mining reward
User
Deposit-and-withdraw tokens for transactional privacy
Gain privacy
Liquidity Provider
Bond coins/tokens + CYC to DEX to provide liquidity of CYC
Liquidity mining reward
Governors
CYC holders who decide how the protocol evolves
Certain rights
CYC Token
CYC Token is issued on multiple blockchains and fully connected via the bridge. The CYC contract addresses are different chains are:
- IoTeX
io1f4acssp65t6s90egjkzpvrdsrjjyysnvxgqjrh - BSC
0x810ee35443639348adbbc467b33310d2ab43c168 - Ethereum
0x8861cff2366c1128fd699b68304ad99a0764ef9a
Liquidity and Anonymity Mining
Please refer to the following sections for details.
Last modified 9mo ago
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