CyOp Protocol | Crypto | DAO

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Coinmonks

3 min readApr 15, 2022

The largest market buy performed by a decentralized autonomous organization(or DAO) is about to commence and we are eager to see the results.

CyOp Protocol currently holds a fund of 347 ETH which has a value of $1,052,021.65. This fund will be used to buy another token voted for by the DAO.

What is CyOp Protocol:

CyOp Protocol, a community-driven DAO uses it’s funds to buy and burn other project’s tokens. This mechanism alone has the potential to disrupt the cryptosphere at large but the protocol does not stop there. Members of the DAO that stake their CyOp tokens and contribute to governance decisions will earn large amounts of money through the sale of the tokens purchased that are not burnt.

The fund is filled with taxes on transactions. Every buy and sell of CyOp carries a 10% tax which is broken down into 7% fund and 3% marketing. This means that while CyOp price is increasing the fund is filling and as it decreases the fund is still filling.

The first of many disruption events is about to come to a close which means a single project is about to have an injection of a large number of funds and a burn of some of those tokens which is a win-win.

During the voting period, DAO members select a project to be disrupted. 80% of the fund is used to buy the selected projects tokens and half of those tokens are burnt. The other half is sold for ETH and distributed to DAO members that voted in that epoch. 10% of the fund goes to liquidity and the remaining 10% is given to 3 randomly selected DAO members via a ‘matrix glitch’.

As an example, with a daily trading volume of $1,000,000 and $10,000,000 over a 10-day period, the 7% tax going into the CyOp Protocol fund will stand at $700,000.

If the Protocol gets executed now:
· 80% market buy = $560,000
($280,000 burned and $280,000 sold and used as rewards)
· 10% CyOp Liquidity pool = $70,000
· 10% Lucky users = $70,000

Paying DAO members in ETH means no selling pressure for the CyOp token and no inflation. With tokens being staked, the circulating supply is constantly being squeezed which will have a tremendous effect on price.

Recent Activity:

The community has been busy debating on which projects they should vote for through the CyOp terminal which is accessible on their website https://www.cyop.io/. The website really makes you feel like you are a hacker and keeps the cyberpunk theme consistent with all of the media the team has produced to date. There is an option to “>>> take a tour” on the landing page of the website which takes you through all the steps and explains the protocol with their trailers.

Some DAO members have been buying tokens of the projects that are in the lead of the vote so that they can make a profit off of the CyOp protocol’s large buy which is another benefit DAO members have.

While the project has big plans to introduce NFTs, gamification, cross chain disruptions and metaverse-adjacent innovations, the focus right now is this first disruption. There are many eager eyes on the sidelines waiting to see how it plays out and how the protocol executes. We have no doubt that a successful first run will be the vote of confidence everyone is looking for and the second disruption could exceed the $1 million dollar event that we are about to witness.

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CyOp Protocol | Crypto | DAO

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Written by CroutonDon