CYPHRCOIN (CYFX) ICO — Initial Coin Offering

Cyphr Coin (CYFX)

The stable cryptocurrency offering low latency, high scalability and cross-chain interoperability.

  • Strong community support (50,000+ people)
  • ICO funds used to list on exchanges and promote CYFX
  • Goal: to produce a stable coin with global adoption

What Is CYPHR Coin?

CyphrCoin is a “pure cyrpto” project, focusing on the development of a stable coin with a strong and devoted community of supporters. It is the team’s goal for CyphrCoin to be used as a global medium of exchange, with the lowest transaction fees and network latency possible, whilst simultaneously overcoming issues of scalability by offering cross-chain interoperability.


Methodology

In the first instance, it is their mission to ensure that CyphrCoin is listed on as many of the world’s digital exchanges as is possible, and as quickly as possible. Whilst the team appreciates the importance that centralised exchanges play in the current crypto space they also embrace the movement towards fully decentralised exchanges. Most decentralised exchanges are still in their infancy however we are presently working with both centralised and decentralised exchanges to ensure mass adoption of the future-proof CyphrCoin currency.

CyphrCoin already has exchange listings confirmed. Listings will be finalised following close of ICO.

Differentiation

Most ICOs bring in funding based on the promise that they will develop a new and exciting blockchain technology with their crypto currency used for crowdfunding the project in the hope that the tokens will be useful within the ecosystem that their promises promise to create. Unfortunately, most projects fail, adding to the growing pile of ShitCoins on the established blockchain networks.

CyphrCoin is different. The focus is to bring community together and establish mass adoption of the CyphrCoin currency with the long-term goal of creating a stable currency with global tradability.

To date, the CyphrCoin project has been successful in achieving its aims, with a loyal community over 50,000 strong within 3 months of inception. CyphrCoin presently have contacts established with both centralised and decentralised exchanges.

Following close of the ICO period, CyphrCoin will be available for trading and exchange with any other listed cryptocurrencies; the aim, to bring together stability and liquidity to the global CyphrCoin community.


Why Invest in Crypto?

Globally, crypto currencies are still in their early adoption period. In contrast with ‘fiat’ currencies such as the USD, EUR, GBP etc, the supply of crypto currencies is limited and cannot be influenced. The supply of fiat currencies can be changed by printing more or by reducing supply when the new-style promise notes are issued and old notes removed from circulation. Over the past 150 years, large institutions such as the Federal Reserve and the Bank of England have created unsustainable economic systems of borrowing and lending, known as the ‘fractional reserve system’. History has proven that when these systems fail (a scenario that is influenced by a number of factors outside of the control of the individual), the large majority of people who rely upon the stability of the fiat currency are plunged into hardship. Such cyclic fiscal phenomena can be controlled by the currency-issuing organisations, decisions that are made for the benefit of the issuing institutions and not driven by the freedom of choice of the majority of currency-holders or for the benefit of the associated society.

CyphrCoin addresses these areas of concern by providing a fixed-supply, globally tradable currency, free from the burdens of scalability, supporting anonymity of the user in an open market and offering a strong community of token holders.


Technology

CYFX uses an Ethereum-based platform that offers an open-source framework for smart contracts, the POA (‘Proof of Authority’) Network. POA Network is a sidechain to Ethereum utilizing Proof of Authority as its consensus mechanism. POA provides developers with the flexibility to code in Ethereum standards with the added benefits of POA Network’s solutions to scalability and interoperability in blockchain networks.

CYFX is an ERC20 token built on the POA smart contract, the first fully cross-chain bridge, offering interoperability, reduced transaction fees, higher transaction speeds and scalability whilst maintaining compatibility with the Ethereum network.


Funding

The success of the ICO will determine the extent to which global proliferation of CYPHRCOIN can be achieved. As such, CyphrCoin is offering special terms for investors in return for the already-established crypto currencies, required to fulfil the project’s aims.


Investor rewards

CyphrCoin is available for purchase at a 25% discount during September, a 20% discount during October and a 15% discount during November.

Investment of 1 BTC or over will receive the following bonuses:

(assuming 1 BTC = $6600, 1 CYFX = $0.02. 1 BTC = 330,000 CYFX)

1 BTC = 495,000 CYFX (50% bonus)

2 BTC = 1,155,500 CYFX (75% bonus | 1 BTC = 577,750 CYFX)

3+ BTC = 1,980,000 CYFX (100% bonus | 1 BTC = 660,000 CYFX)


Cyphr Coin ICO

The sale of CyphrCoin token (CYFX), whose hardcap has been set at $40M, will commence from the 1st of September 2018 and will run untill November 30th of the same year. The exchange rate for the distribution of the token has been fixed at 1 ETH to 10,000 CYFR (ERC-20 tokens) or 1 CYFR to $0.02.

The total CYFX token available for ICO is 1,000,000,000, while the overall supply is 20,000,000,000. There will be 25, 20 and 15% bonuses given for purchases made before the respective dates of September 1st, October 1st, and November 1st 2018, respectively.

All unsold tokens from previous rounds will be moved into the next round. The token sale will automatically go to the next round when tokens are sold out in the prior round.

As soon as the circulation of the CYFX token is assured, the CyphrCoin team will focus on developing a Crypto ecosystem that will provide users with a global platform to participate in everyday commercial transactions.