CyberConnect (CYBER) is a decentralized Web3 social blockchain protocol that empowers users to own their digital identity, content, and connections. It provides a scalable and interoperable platform for developers to build social applications, ensuring user control, data ownership, and monetization opportunities. The protocol consists of three core components: CyberAccount, CyberGraph, and CyberNetwork, which enable seamless identity movement, censorship-resistant data recording, and efficient transactions.
CyberConnect (CYBER) is a cryptocurrency used within the CyberConnect ecosystem, a Web3 social blockchain protocol. Here are the primary ways CYBER is utilized:
Payment of Gas Fees: CYBER can be used to pay gas fees for transactions across EVM-compatible chains within the CyberWallet. This includes networks such as Ethereum, Optimism, Arbitrum, BNB Chain, Base, Polygon, Scroll, and Mantle.
On-chain Governance: CYBER token holders have the right to vote on proposed enhancements to the CyberConnect protocol, ensuring community involvement in decision-making processes.
Minting CyberID: Users can utilize CYBER tokens to purchase premium usernames and mint their CyberIDs, which serve as the entry point into the CyberConnect ecosystem.
Content Monetization: CYBER enables content creators to set up paid subscriptions or gated content, allowing them to directly monetize their work and engage with their audience more effectively.
Social Interactions: CYBER facilitates high-speed, low-cost web3 social interactions on CyberNetwork’s Layer 2 network, generating network fees.
Tokenization and NFTs: CYBER is used for tokenization, such as EssenceNFTs, which allow users to own content as collectibles, and SubscriptionNFTs, which enable creators to offer custom subscription options.
These uses of CYBER tokens support the decentralized social media platform, empowering users to own their digital identities, content, and connections while fostering a more open and monetizable social ecosystem.
To store CyberConnect (CYBER) tokens, you can use a secure wallet provided by the exchange where you purchased them. For example, if you bought CYBER on Kriptomat, the tokens will be sent directly to your secure Kriptomat CyberConnect Wallet, which is automatically generated for each user on the platform.
To buy CyberConnect (CYBER) tokens, follow these steps:
Choose a Platform: Select a reliable cryptocurrency exchange such as Binance, Gate.io, Kriptomat, or MEXC.
Create an Account: Register for a free account on the chosen platform's website or mobile app. Verify your identification as required by the platform.
Fund Your Account: Deposit funds into your account using various methods such as credit/debit cards, bank transfers, or third-party payment channels. For lower fees, consider buying a stablecoin like USDT first and then using it to purchase CYBER.
Select CyberConnect: Choose CyberConnect from the list of available cryptocurrencies on the platform.
Enter Amount and Confirm: Enter the desired amount of CYBER to purchase and review the transaction details. Confirm the order within the specified time frame (e.g., 1 minute on Binance).
Store Your CYBER: Once purchased, your CYBER tokens will be stored in your personal crypto wallet or held in your exchange account. You can use them for trading, staking, or transferring to other wallets.
Remember to carefully consider your investment experience, financial situation, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.
