CyberConnect Floor List Price Prediction

Recently, the community has started to get excited when one of the largest ICO platforms, Coinlist, returned after more than a year of absence with the CyberConnect project. Join Weakhand in predicting the floor price of CyberConnect in the near future to have the most reasonable public sale tokens.

To better understand this article, people can refer to some of the documents below:

• What is CyberConnect (CYBER)? CyberConnect Cryptocurrency Overview
• CyberConnect V3 Review: Creating a New Future for Web3 Social
• Real Builder in Winter | CyberConnect And Talking Numbers

CyberConnect Overview

CyberConnect is an infrastructure platform to build a Decentralized Social Network ecosystem on Ethereum, BNB Chain and Polygon. CyberConnect is composed of 2 components including:

• ccProfile: This is a type of account used when you join the CyberConnect ecosystem. ccProfile will be similar to an account – password when you use it on Meta’s ecosystem including Facebook or Instagram.
• CyberConnect ecosystem will be DApps about Social, Finance, Gaming, Community, DAO,… and will need ccProfile to log into all of those DApps.

CyberConnect was built by a potential development team with extensive experience in Web2, having worked for Facebook, Instragram or even Web3 when the team successfully built the dLive decentralized Livestream platform that attracted everyone. The world’s most famous streamer Pewdiepew.

Not only that, CyberConnect has successfully raised up to $25M from many famous investment funds such as Binance Labs, Multicoin Capital, Delphi Digital, Spartan Group, IOSG Ventures, Spartan Group, Hashed. CyberConnect is a project that marks the return of the famous Coinlist Launchpad platform and is the 37th project deployed on Binance Launchpool.

CyberConnect ICO Overview

CyberConnect is a decentralized social network developed on two ecosystems, BNB Chain and Ethereum, which successfully opened the sale of 3% of the total token supply on the Coinlist platform on the morning of May 19 Vietnam time for a total amount of money. Raised $5M.

The deposit time to complete the ICO purchase will last for 7 days from May 19 to May 25 with two accepted assets: USDT and USDC.

CyberConnect funding rounds

Overview of CyberConnect’s funding rounds

CYBER token allocation

It can be seen that at the TGE stage there will be no selling force to investment funds at the Seed and Series A rounds when all VCs will be locked for 1 year and we only need to worry about the selling force of VCs at the end of the month. August 2024. Besides, Team & Advisos will also be locked for a relatively long time of up to 15 months.

Looking at Tokenomics we see that, at the time of TGE there will only be ICO buyers on Coinlist and user Airdrops but all are not 100% open. ICO participants will get 25% open at TGE while Airdrop recipients will only get 20% open.

CyberConnect Floor List Price Prediction

We can easily see that with a valuation of $180M at the ICO round, the community is buying CYBER tokens at a price about 40% cheaper than the investment funds that participated in the latest capital call and unlocked it. 25% at the time of TGE.

The total amount of CYBER in circulation at the time of TGE will be about 11.08M tokens, equivalent to a Marketcap of $20M, compared with some projects that are also building prominent decentralized social networks:

Based on the comparison with the DeSocial projects above, we can easily calculate the price that CYBER can achieve from about $8 to $17. However, unlike Hooked Protocol, Space ID or Open Campus, CyberConnect also has some short-term fomo momentum like Coinlist and a relatively good market.

Some Future Growth Drivers of CYBER

CyberConnect is only in its early stages

Reality shows that CyberConnect is only in the first stages of forming, building and developing the ecosystem. The CyberConnect ecosystem itself still has a lot of room for future development such as:

• Expanding the market to different potential Blockchains such as Aptos, Solana, Sui or Layer 2s that are widely used by users such as Arbitrum, Optimism, zkSync,…
• Expanding the ecosystem to areas related to Finance, Gaming,… This will create a diverse experience for users, helping users stay on CyberConnect as much as possible.
• Expand relationships with Web2 social networking platforms such as Facebook, Youtube, Instagram,…
• Continuing to upgrade the network brings a better, faster and cheaper experience to users.
• Aiming for a Social Network model that shares revenue fairly and transparently for content creators.

CyberConnect still has a lot of room to continue to grow in the near future and all of those updates can create positive moves for CYBER.

CYBER plays an important role in CyberConnect Ecosystem

One point worth noting is that CYBER plays an important role in CyberConnect Ecosystem such as:

• Use CYBER to pay fees when purchasing CyberID.
• CYBER is used as gas fee when making transactions in Cyber ​​Account.
• CYBER is used to vote on important CyberConnect proposals.

This means that the more CyberConnect’s ecosystem expands, the more Native Token CYBER is used and popular, creating a buying force for CYBER. Not only that, CyberConnect will continue to airdrop to the community in the near future, making more people join the CyberConnect ecosystem. If you want to participate, you need to own at least one CyberID.

Summary

Weakhand has just given everyone a prediction of CyberConnect’s floor list price, hoping that those who quickly buy ICO and receive airdrops from the project can sell tokens at high prices to maximize profits.