What is CyberConnect (CYBER)?

CYBER is the gas cum governance token of CyberConnect. This Web 3 social network lets developers create decentralized social applications to empower users with control over their digital identities, content, connections and interactions. Like blockchains did to value transfer by eliminating intermediaries, CyberConnect envisions doing the same for the social web by establishing a direct link between creators and their audiences.

Cyberconnect V1 was first launched in 2021 as a decentralized social graph protocol. In August 2022, it released its V2, which made it efficient to support multiple blockchains like Ethereum, BNB Chain and Polygon. It also introduced different NFT Smart contracts to help creators monetize their engagement. Then came the major CyberConnect V3 with multiple core innovations like CyberAccount (an ERC-4337 compatible identification system), CyberGraph (a censorship-resistant database to contain user content and social connections) and CyberNetwork (a gas-efficient and scalable network).

The CYBER token powers this CyberConnect ecosystem by serving various utilities. For example, its holders have voting powers to use and delegate to others. They can also purchase CyberID through it. CYBER tokens can be used as currency for payments of gas fees for all transactions within CyberConnect across EVM-compatible chains. The project may also introduce some additional use cases of CYBER in the future with the launch of its CyberDAO.

The total supply of CYBER tokens is 100 million, with 17.34 million CYBER in circulation at the time of writing (February 2024).

How does CyberConnect (CYBER) work?

CyberConnect works on the DeSoC (Decentralized Social Network) model, which advocates permissionless, censorship-resistant, and trustless social media platforms on decentralized blockchains. It does so through its various components, such as CyberAccount, CyberGraph, and CyberNetwork.

CyberAccount is a self-sovereign universal ID registration hub where users register themselves by minting an NFT each. After creating it, users can engage with the protocols of CyberConnect, post content, follow other creators, and build a community in a decentralized space. Creating, posting, and engaging with content involves using EssenceNFT and SubscriptionNFT Smart contracts of the CyberGraph, which further help creators monetize.

While the EssenceNFT allows its users to gain ownership of the content of their preferred content creators in the form of NFT, the SubscriptionNFT facilitates the users to collect followers as NFTs. They can use these NFTs to monetize their content.

CyberGraph also establishes data immutability by recording it across all its compatible blockchain networks. Then, CyberNetwork helps scale the CyberConnect ecosystem.

How to Buy CyberConnect (CYBER) in India?

There are many platforms where you can invest and Buy CyberConnect (CYBER) in India.

One such platform is Flitpay. To buy CYBER in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy CYBER and execute the purchase.

You can instantly convert your INR to CYBER and CYBER to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How to Buy CyberConnect (CYBER) in India?

There are many platforms where you can invest and Buy CyberConnect (CYBER) in India.

One such platform is Flitpay. To buy CYBER in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy CYBER and execute the purchase.

You can instantly convert your INR to CYBER and CYBER to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What do I do after I buy CyberConnect (CYBER)?

CYBER tokens can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the CYBER till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is CyberConnect (CYBER)?

CyberConnect (CYBER) is the platform currency and governance token of the CyberConnect ecosystem. Its holders can spend it to pay the gas fees of various verticals associated with CyberConnect. They can also use their CYBER holdings to vote on the upcoming proposals of CyberConnect. It has a total supply of 100 million CYBER tokens.

What is the CyberConnect (CYBER) price in India?

Check out the current INR price of CYBER crypto in India on Flitpay.

Which is the best cryptocurrency exchange in India to buy CyberConnect (CYBER)?

The best cryptocurrency exchange in India to buy CYBER, Bitcoin, or any of your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and withdrawals, with a minimum deposit and withdrawal limit of INR 100.

What are the benefits of the CyberConnect (CYBER)?

CYBER is the native token of CyberConnect, a Web 3-focused new-generation social network platform. Its holders enjoy a say in the platform's new update proposals. They can also pay the gas fees CyberConnect applies to its users for facilitating transactions and Smart contracts in CYBER tokens.

Is it safe to invest in CyberConnect (CYBER) in India?

Yes, investing and trading CYBER is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying CYBER. It offers real-time prices and advanced investing features.