Dear Cypherium Community,
We are extremely pleased to announce that our public token sale will be conducted later this month, at the end of August, just prior to our Q3 mainnet launch. The Cypherium Token (CPH) is a utility that operates the public Cypherium network. We are for the first time making this token available for public purchase directly. The CPH tokens will be available on Cypherium network shortly after the purchase, estimated in Q3 2020.
The precise date of this sale is still being finalized, along with a number of other key details such as the team lockup and the final price. This pre-announcement is solely meant to give a heads-up to our community, our builders and enthusiasts.
This highly anticipated moment is the culmination of a very eventful year for our network.
Following our partnerships with IBM, AWS, Google Cloud and other major tech companies, Cypherium served as a founding member of the OMFIF Digital Monetary Institute, where the team began working closely with a number of central banks to solve some of the pressing issues facing CBDCs. This has led to the development of the Cypherium Digital Currency Interoperability framework, as well as a number of upcoming collaborations with banks across Europe and Asia.
Of course, a major factor in determining the timing of our public sale and subsequent mainnet deployment has been the climate of the crypto market on the whole. And just as this has been an exciting year for Cypherium in particular, 2020 has been a favorable year for crypto generally. The pandemic has brought to light the urgent need for distributed technologies. From healthcare to supply chains, our legacy systems have demonstrated that they are incapable of securely supporting our modern way of life. Moreover, and perhaps most crucially in terms of market conditions, our economy has come totally undone by lawmakers’ willingness to radically devalue their currencies in order to offer inequities relief to the people and corporations suffering least.
The crypto space poses a much needed alternative to these systems, and in this moment a utility like the Cypherium network has never proven more useful! As custodians of our early investors’ capital and trust, we have been at work perfecting our technology, while the crypto space accumulated the attention and respect it truly deserves. We are elated to finally offer this product to the public.
Thank you for your support of Cypherium, and stay tuned for more details!
