From a number of strategic collaborations with IBM, Google Cloud, Amazon, Microsoft, IC3, Randstad, Société Générale and OMFIF to working on China’s much-awaited ‘Digital Yuan’ project, Sky Guo and the rest of the Cypherium team have really positioned themselves at the forefront of the blockchain revolution during 2020.

Image for post
Image for post

It’s no secret that the ongoing COVID-19 pandemic has brought on an unprecedented amount of economic devastation around the globe, forcing many traditional financial institutions to rethink their operational strategies. One of the needs that has arisen among consumers is seamless access to online banking and payments. …


Image for post
Image for post

One of Cypherium’s most recent and exciting new project developments has been the implementation of our Digital Currency Interoperability Framework (DCIF). The Cypherium DCIF is a novel approach to the challenges hurdling the adoption of Central Bank Digital Currencies (CBDCs).

A Central Bank Digital Currency is fiat digital money, which provides a brand-new mechanism for holding and exchanging assets backed by Central Banks. Generally speaking, Central Bank Digital Currencies have the following five design goals:

  1. Distributed Payments System;
  2. Financial Inclusivity;
  3. Efficient Cross-Border Payments;
  4. Digitized Management of Monetary Policy; and
  5. Innovative Framework.

In short, any attempt at digitizing public money will have to follow the existing functionalities of national currencies that are not yet mandated by private-sector digital ledger technologies. A fully functional CBDCs will have to interact with a wide range of private sector industries, national economic systems, and the crypto industries. Cypherium’s Digital Currency Interoperability Framework enables these necessary connections. …


Image for post
Image for post

To our loyal Cypherium community,

After a successful token sale, we have reached new milestones to aim new heights with the given market conditions. Our efforts over the last few weeks have been focused on onboarding Central Banks, as well as Enterprise Partners to the platform while gearing up for our exchange listing as our top priority in the roadmap.

Both of these developments are essential to the launch of the Cypherium ecosystem, as working with these enterprise partners will allow new products and services to be built on the network and our strategic exchange listings will create new on-ramps for people to buy, sell, and use the CPH token. …


Image for post
Image for post

Dear Cypherium Community,

We hope you are as thrilled as we are that our mainnet has officially launched today, coinciding with the 12th anniversary of the Bitcoin whitepaper! As excited as we are, we know that this is no time to rest. We appreciate your continued support on our journey to get here. This is only the beginning…

We know you are all wondering when you will receive your tokens. We can confirm that all tokens for Pre-Sale participants have been distributed. All additional tokens for Public Sale will be distributed by November 10, 2020. Please note that all tokens are not transferrable until Cypherium’s first exchange listing. Until that point, community members of any role or capacity are not permitted to engage in any monetary transactions involving CPH tokens. …


Image for post
Image for post

Dear Cypherium Community,

We are writing to you today with exciting news. This is perhaps the most exciting moment in the history of our project. The moment our team, our developers, and our supporters have been anticipating since Cypherium’s inception in 2016: our full mainnet deployment is finally here.

Our mainnet will be launching on October 31, 2020.

Tokens purchased in our pre-sale and public sale will be distributed according to our vesting schedule — please visit https://saleinfo.cypherium.io for more information. Tokens will be distributed to the CPH addresses that you’ve created at https://cypherium.xyz


Image for post
Image for post

CYPHERIUM: VALUATION & ADJUSTED TOKEN METRICS EXPLAINED

We always keep our ears open to the voices of our community members, and the most recent feedback was reasonable regarding our valuation and final token metrics. At Cypherium, we care deeply about keeping our public community and especially our valued active participants informed on the same page with the rest of the internal team. Therefore, we have insisted on delivering all updates as transparent and promptly as possible.

MAINNET VALUATION EXPLAINED

Many have noticed that our initial mainnet circulating supply (Presale + Public sale) adds up to 800,000,000 CPH. Some may jump to the conclusion that with this supply figure, multiplied by the initial price of our public CPH sale, 0.25 USDT, gives us a market cap of around $200,000,000. …


Image for post
Image for post

Although DeFi has enjoyed roller-coaster market conditions this year, the opportunity it presents for financial practitioners is still immense and far-reaching. The most fundamental innovation of DeFi is the automatic completion of transactions by computer code, replacing traditional transaction intermediaries. The rapid development of DeFi has, thus, attracted the attention of regulatory agencies and central banks in various countries.

Back in August of this year, Cypherium CEO Sky Guo discussed the market prospects of the combination of DeFi and central bank digital currency in a dialogue with representatives of the Bank of Thailand. …


Cypherium Community Management Program

Rewarding Cypherium’s Community Managers Worldwide

Image for post
Image for post

Dear Community Members,

Since its inception, the Cypherium team, formed of developers from Google, Amazon, and Microsoft, has been diligently building the Cypherium blockchain to reach endless limits in the blockchain space with the Cypherium mainnet and ecosystem. In parallel, the team has also been expanding our global reach by launching community-building initiatives, such as the Cypherium Ambassador Program, and collaborating with industry-leading tech partners and central banks from all around the globe.

As a result, Cypherium has effortlessly attracted thousands of validator nodes onto its testnet, dozens of partners building solutions, and an extensive and international community of grassroots supporters, as well as a wide range of strategic partnerships with central banks as they embark on their CBDC trials. …


Image for post
Image for post

Dear Cypherium Community,

We are writing to you today with a long-awaited update regarding our token public sale, network deployment, and an overall progress report for the launch of our mainnet.

Public Sale Progress and Mainnet Launch

We are proud to have gathered 9,000+ participants in fundraising and 2200+ purchase orders amid various technical shortcomings we have faced together with our platform partner. These figures are unprecedented in our space. When comparing Cypherium to other major token sales like Tezos or Bancor in 2017, we stack up comfortably and this is something to be proud of.

However, due to the DeFi craze with the Ethereum network congestion, we have been impacted in our sales particularly with respect to the UNI airdrop. This transaction fee inflation bottleneck is exactly the kind of issue that Cypherium aims to solve. …


Image for post
Image for post

To the whole Cypherium community — we just wanted to take a moment in the midst of our registration and sale to express a big THANK YOU!

We are so grateful for our community’s interest, support, patience, and trust in the Cypherium project. Our team could not have asked for a better group to help grow and realize this project we all care about so deeply. Cypherium began as a hunch, an idea about how to bring blockchain technology off of the drawing boards and into the world. But none of our designs, our plans, or even our tech would amount to anything if it weren’t for the vast community of supporters and enthusiasts bringing our technology into the world. …

About

Cypherium

Cypherium’s Medium blog

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store