A major pain point currently faced by on-chain players is the complex steps involved in switching between different chains. One careless mistake can lead to switching to the wrong chain, and it is also easy to fall victim to hackers exploiting vulnerabilities to steal funds.
If there were a way to switch chains as easily as changing apps on a phone, wouldn't users no longer have to worry about cross-chain operations? — @cyclenetwork_GO is making this happen.
In simple terms, Cycle has created a multi-chain settlement layer that does not rely on cross-chain bridges. It can be understood as Crypto's 'unified payment system'. Just as you can use Alipay to pay at any merchant, Cycle allows users to conduct seamless transactions on any chain without having to use traditional cross-chain bridges.
The mainnet has already launched and is currently performing exceptionally well:
Messari's research report👇 directly compares Cycle to 'Visa Net'; this analogy is very apt:
https://x.com/MessariCrypto/status/1956345881889783903
▫️Visa allows users to swipe their cards anywhere in the world, regardless of which country's bank they are using.
▫️Cycle enables users to trade on any chain without DApps needing to consider where the user's assets are located.
In today's broader context, Cycle provides a unified settlement layer, and this system is well-suited for the all-chain circulation of stablecoins and RWA assets. Your $USDT can finally flow seamlessly between 20+ chains as if it were on a single chain, similar to the significance of the Visa network for traditional payments.
◻️Practical application: The success of Golden Goose.
The best case for Cycle's application is the gamified DeFi platform Golden Goose.
On the surface, it is a GameFi, where users raise virtual geese to earn profits.
The complex cross-chain operations behind it are all automatically handled by Cycle, with users completely unaware.
This game has also attracted 800,000 wallet addresses, of which 100,000 come from TikTok. After the mainnet launch, it has exceeded 20,000 paying users, with a TVL reaching 15 million USD.
🪙 The token economic model of $CYC: community-first approach.
$CYC has a total supply of 1 billion tokens, with no further issuance.
▫️20% airdropped to the community, with a cap of 1000u per address to prevent whale monopolization.
▫️10% staking rewards: used to ensure network security.
▫️20% allocated for ecosystem incentives.
It is worth noting that the team's share is locked for 1 year, followed by a linear release over 4 years, which demonstrates the team's commitment to long-term development.
◻️Latest progress of Cycle.
1⃣ Obtained investment from Unicorn Verse.
Just secured strategic investment from Unicorn Verse and launched UnicornX as the latest Unicall project. Historically, projects launched on Unicall have averaged a 507.3% increase.
2⃣ The price performance remains strong.
Despite the recent overall market decline, the FDV of $CYC remains above 100 million USD, showing independent performance.
There are many cross-chain projects on the market, but Cycle's approach is quite different:
Not to create a better cross-chain bridge, but to make the concept of a bridge disappear.
Especially in the context of the surge in stablecoins and RWA tracks this year, this seamless multi-chain settlement is indeed a necessity.
While the market is abuzz with AI and memes, Cycle has chosen the most challenging but potentially most valuable infrastructure track.
As founder Robbie said: 'Starting projects in the winter, never following narratives.'
Sometimes, it is not the most popular concept that changes the industry, but the technology that can solve the most practical problems.
