토큰 이코노미
Last updated
Last updated
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
Circulating Supply: ~6,000 (see https://cyclone.xyz/analytics for the latest info)
CYC Mint
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.
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 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
Please refer to the following sections for details.
Liquidity Mining: https://docs.cyclone.xyz/cyc-token/liquidity-mining
Anonymity Mining v1: https://docs.cyclone.xyz/cyc-token/anonymity-mining-v1
Anonymity Mining v2: https://docs.cyclone.xyz/cyc-token/anonymity-mining-v2
