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 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
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
Early Testers Reward
88 CYCs will be sent to all early testers proportional who held CYC testing tokens
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
Talk to http://t.me/cyclonebountybot to get started
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.
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
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.
Trading on mimo starts!
Launch Cyclone Protocol on Ethereum and potentially other blockchains
Support CYC tokens minting and burning on multiple blockchains
Launch new pools of assets on IoTeX, Ethereum and potentially other blockchains
Once Cyclone Protocol is stabilized, the governance DAO will be activated and take over all serving contracts to make cyclone protocol fully autonomous.