CYC today's airdrop distribution, estimated to be online on the 18th-19th (at 8 o'clock it will be simultaneously launched on bitget and mexc, Binance airdrops generally occur 1-2 hours before going live)
Project Introduction: Cycle Network (CYC) is a blockchain interoperability protocol based on chain abstraction technology, featuring a "no bridge cross-chain" architecture, enabling unified flow and seamless interaction of multi-chain assets. In simple terms, it makes asset transfers and interactions between different blockchains more convenient, without relying on traditional cross-chain bridges. Its token CYC can be used for transaction fees, staking, and by developers.
The project is a domestic initiative established in 2023, with CEO Robbie being a former senior executive at Cobo, and the technical lead Jessica Zheng being a founding member of Baidu XuperChain, giving the team a solid background.
The seed round was led by Binance, with several other institutions participating, raising several million dollars (the exact amount was not disclosed), corresponding to about 15% of the tokens, estimated to be around 8 million dollars, which implies a token cost of approximately 0.053U.
Token Distribution:
Team / Advisors—20%
Institutions—15%
Fiscal Reserves—10%
Marketing—10%
Ecosystem Incentives—20%
Staking and Rewards—10%
Community—15%
Estimated Earnings: Assuming Binance Alpha allocates 1% of the tokens (10 million pieces), if 20,000 people participate, each would receive about 450 pieces, estimated at a token price of 0.132U, valued at around 60U.
Positive Factors: Binance led the investment; the team's technology is robust; initial circulation is 15.2%, which is not too high, and selling pressure is relatively controllable.
Negative Factors: In the early stages of going live, the chips may be dispersed, which could lead to significant fluctuations, especially if the institutional cost differs from the market price, potentially triggering selling pressure.
To participate or for more insights, you can join the official Binance chat room to get the airdrop information as soon as possible!!!
