Distribution and Vesting
As a comprehensive platform offering spot, perpetual, and futures trading, as well as margin trading and borrow/lend functionality, cypher protocol places its native token ($CYPH) at the core of its operational framework. Cypher protocol introduces a novel fee mechanism that leverages its native token, $CYPH, to facilitate interactions within its decentralized exchange ecosystem for borrowing and trading.
Distribution
The $CYPH distribution is as follows below with the following amendments:
25M $CYPH tokens from the Team's allocation are sold at IDO and the proceedings of this will be used to directly compensate user's impacted by the exploit on August 7th
Vesting
Team: 5% unlock, 10 month cliff, 36 month vesting
Investors: 2.5% unlock, 6 month cliff, 23 month vesting
Airdrop & IDO: 100% unlock, no vesting
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