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 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
Day 1 started on 1/19/2020 6AM UTC. Check out this tweet!
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
mimo users (who have at least 1 transaction on mimo) before 2020/12/31 PT earns 50 points
All IOTX bucket holders before 2020/12/31 PT earns 50 points
Each address can have at most 8000 points
1500 CYCs will be airdropped to all participating addresses, proportional to their points obtained
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.
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)
Airdrop and lucky-draw happen
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.