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Bitvavo makes CyberConnect as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
CyberConnect is a Web3 platform that aims to change the way we use social media. It offers a decentralized alternative to traditional social media platforms like Twitter and YouTube. Instead of centralized platforms that control user data and content, CyberConnect gives users full control over their own data and content. It uses blockchain technology to do this.
With CyberConnect, users are no longer dependent on central platforms that can censor, misuse data and share only a fraction of revenue with content creators. Users have control over their data, meaning they decide how their data is shared and used. This creates a fair and transparent environment where creativity and freedom of expression are encouraged.
CyberConnect users can control their identity and content without relying on a central authority. Content creators can communicate directly with their audience and profit from their creations without intermediaries. CyberConnect provides developers with tools to build applications on top of the existing social network, taking advantage of shared data and network effects.
CyberConnect has several products and features that distinguish the platform:
The CYBER token plays an important role in the CyberConnect ecosystem. It is used for governance, where token holders can vote on proposals that guide the long-term growth of the protocol. Additionally, CYBER tokens are used to create unique handles, pay for transactions, and secure the Cyber L2 network.
CyberConnect was founded in 2021 by Wilson, an alumnus of the Haas School of Business at the University of California, Berkeley. Wilson’s experience includes serving as President of the Berkeley Chinese Entrepreneurs Association (ACE), founder of tech company Lino Network, president of Dlive, and General Manager of interactive entertainment at BitTorrent.
CyberConnect’s team is primarily Chinese or Chinese-American and is based in Shanghai and San Francisco. It has numerous members with experience in technology and blockchain.
CyberConnect offers several features and use cases:
CyberConnect uses blockchain technology and smart contracts to create a decentralized social network. The main components in the technical operation are CyberAccount, CyberGraph, CyberNetwork and Cyber L2.
CyberAccount is the core of all interactions on the platform. It consists of a set of smart contracts that represent a user's autonomous digital identity. These accounts are managed by cryptographic keys and are separated from Web3 wallets.
Through partnership with ZeroDev and ERC-4337 compatibility, network exchanges and gas payment are simplified for users. Internal bundlers and Paymaster solutions provided by StackUp and Pimlico ensure zero-fee gas transactions, significantly improving the user experience.
CyberGraph is a collection of smart contracts that bind user identities to their content and social connections. This system records social data on multiple EVM-compatible blockchains. When users create content such as posts, images or videos, they upload them to decentralized storage solutions such as IPFS or Arweave. The connections between the content and the users are then recorded in CyberGraph smart contracts. This system guarantees true ownership of content by users, without the need for central platforms.
CyberNetwork is designed to capture and verify information in a decentralized and transparent way. It aims to reduce the high cost of storing data on the blockchain, making social interactions and transactions more affordable. CyberNetwork combines on-chain and off-chain storage solutions to ensure scalability without sacrificing data ownership. This allows CyberConnect to support a large number of users and provide a user experience similar to that of Web2.
Cyber L2 is a modular Ethereum layer 2 solution specifically designed for social applications. It leverages the OP Stack and EigenLayer AVS to provide a censorship-resistant storage solution, as well as a scalable infrastructure for social app developers. This system enables CyberConnect to overcome the challenges of scalability and high gas fees, which are essential for mass adoption.
As a utility and governance token, CYBER serves several essential functions within the platform. CYBER is used for governance; token holders can vote on proposals that guide the long-term development of the protocol, such as adjustments to service fees and expansion to new blockchains. Secondly, CYBER serves as a means of payment for minting unique handles (CyberIDs) and as gas credits for transactions within the CyberWallet, allowing users to easily and affordably transact across blockchains.
In addition, CYBER is used in securing the Cyber L2 network, where it is used to support the node network. The total supply of CYBER is set at 100 million. This supply is divided into different categories, including the team, advisors, private sales, community treasury, community rewards, and ecosystem development.
The following features distinguish CyberConnect from other projects within the crypto market:
You can purchase CYBER on Bitvavo. Our platform is accessible to beginners and experienced traders alike. Follow these steps to buy CYBER tokens via our website or app:
After your purchase, the CYBER tokens will be added directly to your Bitvavo account, where you can easily manage and trade them. Selling CYBER coins is just as easy, allowing you to react quickly to changes in the market.
You can store your CYBER tokens securely in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are stored offline for extra security. For even greater security of your account, we recommend enabling two-factor authentication (2FA).
Many software and hardware wallets support CYBER. After purchase, you can easily transfer your CYBER tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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