CYS Cysic Project Research [Chinese Background, zbt+bluai Combination 🥲]
Binance December 11, alpha
This is a class cloud platform project that provides zero-knowledge computing power, offering low-cost and verifiable computing services for ZK and AI projects through self-developed zero-knowledge proof acceleration hardware.
📑 Project Features:
🔸 Self-developed zero-knowledge proof acceleration hardware
🔸 Supports various computing power devices to run nodes
🔸 Dual-token model, governance rights are only granted after staking CYS to obtain CGT
💰 Token Economics:
🔸 Community & Liquidity: 16.08%
🔸 Foundation: 8%, 1-year lock-up period, 2-year linear unlocking
🔸 Contributors: 12.11%, 1-year lock-up period, 3-year linear unlocking
🔸 Investors: 23.62%, 1-year lock-up period, 1-year linear unlocking
🔸 Ecosystem: 40.19%, dynamic reward distribution
Total token supply is 1 billion, with the initial supply reported to CMC as 160.8 million
💹 Project Economic Model:
🔸 There is no clear benefit empowerment, only indicating that running nodes need to stake CYS
💷 Participant Revenue Sources:
🔸 Become a proof/verification node to earn rewards
🔸 Stake CYS to earn income
🔸 Participate in the mainnet, events or community building
💲 Financing Situation:
🔸 NFT sale, if fully sold out, estimated at ~$3.85 million
🔸 2024-05-23, can query financing of $12 million
🔸 2023-02-17, can query financing of $6 million
⚠️ Points to Note:
🔸 Initial unlocking of NFTs is 50%, with a cost price of $0.2~$0.25 each
