The Cypherium blockchain project has finally launched a crowd sale registration that will enable participants to make a claim for Cypherium Token as we read more in today’s altcoin news.
CPH is designed to serve as gas for executing smart contracts and transacting on-chain. CypherBFT uses the same consensus algorithm as LibraBFT which means it is highly scalable. The registration was opened on September 9 while the sale will occur on September 14 via the TokenSoft platform. KYC is required to participate in the public crowd sale. Cypherium chose to release tokens to presale and public sale contributors as 20% of the 300 million CPH allocated to the public sale will be released before the deployment of the CypherBFT main net launch. The remaining tokens will be issued over the next six months.
— Cypherium Blockchain (@CypheriumChain) September 10, 2020
Cypherium’s dual structure blockchain combines the blockchain PoW with the HotStuff algorithm that is used by Facebook’s Libra and is expected to usher a new era of enterprise blockchain adoption. The company has previously worked with Google and Fortune 500 company Randstad in order to create blockchain applications so it will be easy to get the credentials in order to work on new projects.
Many of the features that are native to the CypherBFT are already known to the public such as smart contracts, permissionless consensus, decentralized identity layer, and a few others while the rest remain unique. Cypherium’s chain was created with the goal of routing CBDCs in the future and the company even stated that its focus on creating “real killer apps” remains. The Cypherium blockchain project seems confident that it can pull off their ideas with the help of the partners which include Chainlink and IBM.
Registration for our highly anticipated #Cypherium Token #CPH Public Sale taking place opens tomorrow, September 9, 2020! – 20,000 ETH successfully raised in 1st round pre-sale
– Notable backers: Pantera, Blockfolio, Qtum
Read full details here: https://t.co/D3JVSe6ppL
— Cypherium Blockchain (@CypheriumChain) September 8, 2020
300 million CPH tokens will be available in the public sale taking place on September 14 which is lower than the proposed threshold of 400 million. The public sale will be split into two phases with 200 million tokens made available at the start for 0.25 USDT each. The remainder will be sold at 0.28 USDT each and any leftover tokens will be attributed to the Cypherium ecosystem fund.
Cypherium is now betting on businesses and governments that will get in on the blockchain be it CBDCs, UBI or experiments with pilot projects for energy credit trading and other social causes. The Virtual Machine runs Java which means developers at major enterprises will easily create Dapps without having to require knowledge of programming language.
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