Cyclone Protocol
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Roadmap
In 2021, there are four major milestones for Cyclone Protocols: fair launch on IoTeX, liftoff on BSC, propel on Ethereum, and auto drive for all.
Auto Drive for All (2021 Q3/Q4, Ongoing)
Yielding Aggregation w/ Diversified Assets (2021 Q3, Ongoing)
We are working on yielding-aggregated anonymity pools of assets from top projects. These new pools will likely produces multiple-asset yield for anonymity providers, which will be launched through the community vote in Q3 2021.
Improve CYC Economics (2021 Q3, Planning)
Cyclone protocol, since its launch, is consistently improving the underlying token economics. For example, a proposal from the community suggests halving the CYC production for inactive anonymity pools while another one suggests to make CYC denomination more transparent. We are conducting research and experiments to prepare for economical improvement proposals.
Governance DAO (2021 Q4, Planning)
The governance DAO will be activated and take the ownership of all serving contracts to make cyclone protocol fully autonomous. Voters are encourage to cross-chain vote for new anonymity pools, update the parameters, among many other initiatives.
Common Layer for DeFi Apps (2021 Q4, Planning)
In 2021 Q4, we will be focused on the adoption of Cyclone Protocol by establishing partnership with all mainstream DeFi apps and products by providing anonymity to them.
Propel on Ethereum (2021 Q2, Completed)
Launch Cyclone Protocol with anonymity mining and liquidity mining on Ethereum. New pools for top DeFi apps have been launched. CYC tokens on ETH can be seamlessly cross-chain-transferred from/to BSC and IoTeX at 1:1 ration, via bridges such as ioTube.
More assets will be supported by the anonymity pools on Ethereum via community voting.
Liftoff on BSC (2021 Q2, Completed)
Launch Cyclone Protocol with anonymity mining and liquidity mining on BSC. CYC tokens on BSC can be seamlessly cross-chain-transferred from/to ETH and IoTeX at 1:1 ration, via bridges such as ioTube. See details here - https://cycloneprotocol.medium.com/tbd-on-chains-562261eac886.
More assets will be supported by the anonymity pools on BSC via community voting.
Fair Launch on IoTeX (2021 Q1, Completed)
Fair launches have always been lauded as the holy grail for a cryptocurrency. We advocate strongly for a fair launch for the community. CYC tokens will be initially distributed to community supporters without a price or absurd valuation.
When we deploy CYC token contracts, 2021 CYC (yes, 2021!) will be minted and reserved for airdrop and lucky draw.
Day 1 - Day 7
This is the bootstrap phase of cyclone's pools, during which 3 Early Birds Pools will be deployed (where mint-n-burn and liquidity mining are disable with anonymity mining enabled). Everyone is encouraged to deposit IOTX into the 3 early bird pools to get CYCs via airdrop and lucky draw which works as below:
Early Birds Rewards
- Each deposit to Pool 1 - Early Sparrow (10,000 IOTX) earns 5 points
- Each deposit to Pool 2 - Early Raven (100,000 IOTX) earns 60 points
- Each deposit to Pool 3 - Early Eagle (1,000,000 IOTX) earns 720 points
- Each address can have at most 8000 points
- 1500 CYCs will be airdropped to all participating addresses, proportional to their points obtained
Early Testers Reward
Social Birds Rewards
- 100 CYC will be airdropped to all social advocators based on points
- Telegram Bounty (max 1000 points!!)
- Follow twitter - required (for future lucky draws)
- Join telegram group and channel - required, 2 points
- Refer friends to join group - optional, 1 points per referral
- Spammers will void their points if detected
- Please note these points are separate from Early Bird Rewards points.
Please be aware of the rules for telegram referrals:
1. you need to set wallet address
2. your referral should be real people. Basic requirement is they have set their wallet address and in the group.
3. you are not detected as spammers or bots.
Lucky Draws
- 3 CYCs will be given to the 15 largest transaction hash in Early Bird Pool 1
- 30 CYCs will be given to the 15 largest transaction hash in Early Bird Pool 2
- 300 CYCs will be given to the 15 largest transaction hash in Early Bird Pool 3
On Day 8 (1/26/2021 6AM UTC)
- 1.Airdrop and lucky-draw happen
- 2.Deploy Pools 1, 2, 3 and 4 which have all token economics components enabled (mint-n-burn, liquidity mining and anonymity mining), while keeping Early Bird Pools. We encourage users to move their funds from Early Bird Pools to Pools.
- 3.
More assets will be supported by the anonymity pools on Ethereum via community voting.
Last modified 1yr ago