Crypto:
29757
Bitcoin:
$67.227
% 0.24
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 67.227
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

Coinengineer – CyberConnect AMA Summary

Coin engineer - CyberConnect AMA Summary

On 12 August 2023, the CyberConnect project official, where we held our AMA event as Coinengineer, answered our questions and gave information about the project.

AMA content and details can be found here.

CyberConnect project officials, whom we first asked to introduce themselves, stated the following.

I am Yillan! At CyberConnect, I lead Global Development across different regional markets. Before CyberConnect, I have experience in startups, VCs, and NGOs and studied economics, political theory, and continental philosophy at the University of Hong Kong and the University of Warwick

But our event started with some introductory questions that we, as Coinengineer, asked the CyberConnect project official the questions asked and the answers given are as follows:

Q1: What is the main purpose of CyberConnect?

C1: For anyone new here, let me first quickly introduce CyberConnect:

CyberConnect is a multi-chain web3 social network that enables developers to build social applications that allow users to own their digital identity, content, connections, and interactions.

Leveraging the ERC-4337 (account abstraction) standard, CyberConnect radically reduces the complexity of using crypto networks and enables decentralized social experiences that rival Web2. Already the most extensive ERC-4337 smart contract wallet system, CyberConnect, and its 50+ ecosystem projects are becoming a gateway for mass users to enter Web3.

CyberConnect is also the oldest and largest decentralized social networking protocol of web3. It has 1.25M on-chain user profiles and 200,000 monthly active wallets have processed more than 16 million transactions.
What we solve is that the current social networking landscape is dominated by a limited number of profit-driven companies whose primary focus is their financial interests. As a result, these platforms often leverage user data and manipulate content, communities, and users at scale to maximize revenue.

The centralization of social network data creates an ecosystem that unfairly monetizes user data and stifles innovation, preventing developers from delivering new and innovative social products and features. The complexities associated with Web3 and blockchain have prevented many users from entering the space.

CyberConnect’s mission is to create long-lasting on-chain connections through the power of its network.

Developers can build innovative social applications where users own their identities and data, while content creators can grow their audiences in a fairer, more direct, and decentralized environment. And we want to reduce all the technology complexities and make it available to everyone in the mass population in everyday life. We empower everyone on the web.
For developers: Easily build innovative web3 social applications without worrying about infrastructure and cold start issues

For Creators: Create content that they can own the distribution and monetization of so they can grow their audience in a fairer, more direct, and decentralized environment.
For Users: Easily get involved in web3 through social experiences around discovering content, community, and social events while owning their digital identity, connections, and interactions. A bit of a big background story for our team. So you understand why we’re doing this.

At CyberConnect, we are a Silicon Valley-based team of serial entrepreneurs with a 7-year commitment to social, web3, and blockchain.
In 2017, the same team founded Lino blockchain and built DLive.tv, the largest blockchain-based live streaming platform. We reached over 1 million daily active users for DLive and partnered exclusively with PewDiePie!!!!, the most subscribed YouTuber at the time. BitTorrent acquired Lino and DLive in early 2020.

As you can see, we are already working with Lino and DLive to build infrastructure for a better content economy and ultimately meaningful social experiences. The same value system brought us here for CyberConnect.

Learn more about CyberConnect on this Highlights page:

https://www.notion.so/cyberconnect/CyberConnect-Highlights-24c7b6f520ea44fcb7b9a541a0d9124d

And also this Binance research report: https://research.binance.com/en/projects/cyberconnect

Q2: What does ERC4337 mean? Why does Vitalik care so much about it? What are Vitalik’s thoughts (if any) about your product?

C2: ERC4337 is an improvement proposal for Ethereum. Since existing wallets are not capable of programmability, people started developing smart contracts to act like wallets.

  • Since smart contract wallets, we can do many considerations
    – Recover our access to the wallet without compromising security
    – Pay gas with any token (not ETH on Ethereum)- Pay gas on Multichain, think you can buy an NFT on Polygon with your BNB?

For a long time, Vitalik, the co-founder of Ethereum, thinks we need ERC4337 wallets for mass adoption. We completely agree on this, and our thesis is that mass adoption is achieved when people make meaningful connections on the web3. That’s why we are here!
It provides a true multi-chain user experience that rivals web2 and is the key to getting the next billion mass users on web3. ERC-4337 is one of the proposals on Ethereum that has received public support from Vitalik.

Check out Vitalik’s tweet for that:

CyberConnect currently has 300 thousand smart contract accounts. This makes CyberConnect the world’s largest ERC-4337-compliant wallet system.

For more up-to-date data, visit this Sixdegree ERC-4337 dashboard: https://dune.com/sixdegree/account-abstraction-overview%3E and

CyberConnect Dune analytics:

https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account

With social and ERC-4337 (account abstraction) smart accounts, CyberConnect brings the real use case of web3 to mass adoption.

Q3. What is the benefit of Cyber Token? Do you think Web3 Social is the next trend after De-Fi and NFTs?

A3: CYBER, the native utility and governance token of the CyberConnect protocol, can be used for the following functions:
Governance: CYBER token holders have voting power and can delegate their voting power to others. Protocol improvements are decided based on voting power.

  • Pay for CyberID: Used to make payments when purchasing CyberID.
  • CyberAccount gas token: price meter for all transactions within CyberAccount on EVM-compliant chains and used as a means of payment for gas fees.
  • CyberDAO will introduce more Cyber use cases.

The total CYBER supply is 100,000,000 and the circulating supply after listing will be 11,038,000 (~11.04% of the total token supply). In total, 9% of Cyber will be given to community rewards and 34% of Cyber will be allocated to ecosystem development.

CYBER is currently in the Binance Launchpool and is scheduled to be listed on Binance on 15 August 2023 at noon (UTC).

Currently, you can deposit BNB, TUSD, and FDUSD on Binance Launchpool to receive some of the 3,000,000 Cyber rewards:

https://launchpad.binancezh.info/en/launchpool/CYBER_BNB

About Web3 social, we think it will be a key piece for the general mass adoption of Web3! Here’s why.
Crypto has long awaited some real use cases that appeal to mass users and go beyond single-player trading.
CyberConnect enables developers to deliver web3 social features to a variety of use cases spanning gaming, metaverse, community building, co-working, music jamming, and more.

Just like how Facebook brought users to the internet, but also e-commerce helped the adoption of CyberConnect and web3 social, it will likely bring the next billion users to crypto who aren’t interested in commerce and degenerate stuff.
Let’s go!

If you want to learn more about CYBER. We’ve seen this document made and distributed by the community. You can take a look at it.

https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing

Q4. How many people use CyberConnect? Globally, CyberConnect is extremely popular. What are your plans for Turkey?

C4: First of all we aim for mass adoption and we are one of the most competitive teams for mass adoption. As I mentioned, we are the largest decentralized social network on the web3. Currently, 1.25 million people have printed their Cyber Profiles. 1.8 Million content created.
Over 2,500 verified organizations including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap have created CyberProfiles to build their web3 native audiences.

More than 50+ dapps use CyberConnect’s infrastructure. This means you only need your CyberAccount for more than 50+ app uses. Also, many more to come!

protocol performance

ecosystem

Turkey is a special region at the top of our priority list! That’s why we’re doing this AMA with the incredible Coin Muhendisi community! We want to be here to share the celebration of our CYBER launch on Binance with you!

We are following Turkey closely and soon you will see our team and us here for real!

Be sure to show us around and join our meetings for some special edition localized products! Maybe a boat trip on the Bosphorus.

Q5: Community Award 1 has been distributed. Will there be more awards? What should we do to be eligible?

C5: Season 1 of the CyberConnect Community Rewards – a total of 2.4M CYBER will be claimed – will drop on 15 August, the day CYBER starts trading on Binance.

Anyone can now visit https://cyber.co/rewards to check their eligibility and allocation.

If you missed the Season 1 rewards, participate in the CyberConnect Season 2 community rewards by joining our CyberTrek campaign and becoming early adopters and ambassadors for CyberAccount and the upcoming CyberWallet.
CyberTrek:

To celebrate CyberConnect’s V3 (ERC-4337 Account Abstraction) upgrades, CyberConnect introduced CyberTrek, a two-month journey with $1.8M in prizes and six top blockchain partners including Polygon, Linea, Base, Optimism, Arbitrum, and opBNB. CyberTrek offers web3 users their first experience with account abstraction through CyberAccount, an ERC-4337 compliant smart contract account system, and early access to CyberConnect’s future ERC-4337 compliant wallet: CyberWallet. Visit link3.to/cybertrek to get started!

Following the questions asked by Coinmuhendisi within the scope of the project and answered by the CyberConnect official, 10 people’s questions were selected among Twitter users and Telegram users within the scope of the event and the questions were answered by the CyberConnect official.

TWITTER QUESTIONS

Q1: In the context of data privacy and security Q1.In what ways does CyberConnect enable users to have control over their social graph data while having a personalized experience?

A1: CyberConect enables users to own their data by utilizing the blockchain. Everything is stored in a decentralized way and linked to the wallet address. So users own their digital identity, content, connections, and interactions. And they can move freely without losing different applications.

Now with CyberConnect v3 and CyberAccount ERC-4337 smart contract wallet system, this is even better because it is multi-chain and people can interact with all the different chains without changing the network or getting different gas tokens.

This makes the whole experience better because there is a holistic identity between applications, ecosystems, and now chains. Experiences will be more personalized and also contextualized.

Also for privacy, it is at the top of our priority. That’s why we are working closely with top industry partners to introduce zk and other solutions into the social space. So you can enjoy the benefits of crypto and web3, but at the same time, you can control your data and have options to keep some information private on special occasions. We are very excited. But we can’t reveal partner names yet.

I think I answered this difficult question well! We solve real problems. Come to learn more and stay tuned!
Join our community so you don’t miss all the updates:

Twitter. https://twitter.com/CyberConnectHQ 
Discord: https://discord.gg/cyberconnect 
Telegram: https://t.me/cyberconnect @cyberconnect
Telegram (Türkçe). https://t.me/CyberConnectTR @cyberconnecttr

Q2: CyberConnect v3 has three basic components. – CyberAccount, – CyberGraph, – CyberNetwork, Can you explain these 3 basic components in detail? What are their roles in the CyberConnect project?

C2: Let’s keep it short because there are too many details and techniques:

  • CyberAccount is an ERC-4337-compliant identity infrastructure;
  • CyberGraph is a censorship-resistant database to record users’ content + social links
  • CyberNetwork is a gas-efficient and scalable network to bring CyberConnect to the world.

But understand one thing, all of these things coming together allows you to have your digital identity and data + web2-like UX and get up and running with ease.

Learn more about CyberConnect v3. Try this article:
https://link3.to/cyberconnect/post/92e4477c7833a3e8a793c14e8ec884421a5c30edc9afb06d5ce21

Q3: What is the difference between web2 and web3 social networking technologies? How does CyberConnect aim to create a different system with web3?

C3: Problems with Web2 Social – 2 sided

* Users:

  • Censorship
  • Arbitrary rules and de-platform station ○
  • Black box and biased algorithm. ○
  • Lost Creative Value
  • Redundant and siloed identity data

* Developers:

  • Hard bootstrapping
  • Huge and unfriendly attendant
  • Stifled innovation

In Web2, data is captured by servers/companies. They have ultimate control over your assets
However, at Web3, your data belongs to you. You have ultimate control over your assets. Therefore, the best social media is only possible when you hold your content. It is possible with blockchain, which we leverage from Web3.
Web3 Social brings ownership but offers even more
– Freedom of Switching and Control
– Holistic identity and better experiences (also giant race for this)
– Monetisation – better and fairer benefits:

Q4. What is CyberTrek and what is it designed for? How can we experiment with a Gas-Free and Network-Free User Experience with CyberAccount?

C4: CyberTrek:

To celebrate CyberConnect’s V3 (ERC-4337 Account Abstraction) upgrades, CyberConnect introduced CyberTrek, a two-month journey with $1.8M in prizes and six top blockchain partners including Polygon, Linea, Base, Optimism, Arbitrum, and opBNB.
CyberTrek offers web3 users their first experience with account abstraction through CyberAccount, an ERC-4337 compliant smart contract account system, and early access to CyberConnect’s future ERC-4337 compliant wallet: CyberWallet. Visit link3.to/cybertrek to get started!

Q5: What will we see in the future?

A5: This is our future roadmap:

Q3 2023:

  • Continue to roll out CyberConnect V3 on Optimism, Arbitrum, and opBNB
  • Continue CyberTrek
  • Start CyberDAO

4th Quarter 2023 (subject to DAO votes):

  • Launch CyberWallet app
  • Launch the “Login with CyberConnect” SDK

H1 2024 (subject to DAO votes):

  • Launch CyberGrant developer program
  • Launch CyberConnect V3 in more chains
  • Start CyberNetwork L2

And special news! 🚀👀🔥We just launched our CyberWallet! To the general public! Currently only accessible for Cybertrek early access NFT holders! Multichain future is here!
wallet. cyber.co 

Remember to follow the group before the selection of AMA prizes, other friends will not be rewarded
https://t.me/CyberConnectTR

TELEGRAM QUESTIONS

Q1: I Want to Own CYBER NFT, So Can You Share Some Information? About CYBER NFT and What are the Main Benefits and Uses of these NFTs?

C1: The ownership of our protocol will transition over time to CyberDAO, which we intend as the project’s community and society. The community will then be able to decide on future developments in our project, the ecosystem, and the future of web3. This is why Cyber is not just a token. It is also a governance and utility token. So, hold on to your CYBER and be a real part of this community 🙂 Let’s build the future together!

Q2: Why should a user keep $CYBER tokens in their Wallet for a long time?

A2: Let’s do it and see who the real Hodler is.
We are already the biggest social protocol on web3 → And we are going to one of the biggest social networks in the world.

If we consider the publicly traded “web2 companies” operating in the social sector and their corresponding market capitalizations at the moment.
Meta (Facebook): 800.000.000.000 $
Pinterest: 18.000.000.000.000 US dollars
Snapchat: 17.000.000.000 $

Compared to CyberConnect’s expected market capitalization at TGE, community estimate: $200,000,000 – $300,000,000
This gives CYBER at least 50x – 100x upside if we compare it to web2 social media companies even at the low end.
This is not my words btw. I saw this in the community CYBER analysis document.https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing


You may be interested in: BinaryX AMA Summary


Q3: What is the background of your project, do you think the qualifications and experience of your team can support the long-term development of the project?

A3: About our team:

We are a Silicon Valley-based team of serial entrepreneurs with a 7-year long-term commitment to social, web3, and blockchain.

In 2017, the same team founded Lino blockchain and built DLive.tv, the largest blockchain-based live streaming platform. We reached over 1 million daily active users for DLive and partnered exclusively with PewDiePie, the most subscribed YouTuber at the time. BitTorrent acquired Lino and DLive in early 2020.

As you can see, we are already working with Lino and DLive to build infrastructure for a better content economy and ultimately meaningful social experiences. The same value system brought us here for CyberConnect. But our team also includes our incredible investors:

CyberConnect has successfully raised two funding rounds totaling over $25 million backed by leading investors such as Multicoin Capital, Animoca Brands, Sky9, Binance Labs, Delphi Digital, Protocol Labs, IOSG Ventures, Tribe Capital, Spartan Group, Polygon Studios, Lattice, Hashed, GGV Capital, Amber Group.

Q4: Can you tell us about 2-3 features of your project?

C4: This a simple question but let’s summarise some important points:

The CYBER token is scheduled to be listed and starts trading on Binance on 15 August 2023 at noon UTC and users can already farm 3M CYBER on Binance Launchpool.

Season 1 of the CyberConnect Community Rewards – totaling 2.4M CYBER – will be released at the same time. For more highlights on the token, check out this comprehensive analysis circulating in the community: (https://docs.google.com/document/d/17NWwktn8ibasd3PCrkpuI2eowEeA9_k1D41LG8xRbNo/edit?usp=sharing)

CyberConnect is the largest ERC-4337 compliant (Account Abstraction) smart contract wallet system in the world, radically abstracting crypto complexities. It provides user experiences rivaling Web2 and makes Web3 ready for mass adoption. (https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account)

CyberConnect is the largest and oldest decentralized social networking protocol on the web3. It has 1.25M on-chain user-profiles and 400,000 active wallets with over 16 million transactions per month. More than 2,300 verified organizations, including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap, have created their CyberProfile to build their web3 native audience.

CyberTrek is a two-month journey to celebrate CyberConnect’s V3 (4337) upgrades and has $1.8M in prizes and features six top blockchain partners including Polygon, Linea, Optimism, Base, BNB Chain, and Arbitrum. This gives most users the first experience of smart contract wallets.

CyberConnect is backed by Multicoin and Animoca Brands, among other top investors, and has raised over $25 million since its inception. In May, CYBER’s public sale on Coinlist sold out in less than 30 minutes, raising USD 1.80M where the CYBER price was USD 5.4 USD.

More than 50 projects are usingCyberConnect to build social features for various use cases such as games, social media, marketplaces, and more. CyberConnect’s flagship social app [Link3](https://link3.to/) has 940K monthly active users.

Q5: CyberConnect announced its launch on BuildOnBase and said that we can now create accounts on the L2 network, can there be a continuation of big projects like this, are there any new partnerships you have agreed on or announced? Should we be excited?

A5: There are a lot of things coming up! So they are not announced yet and I can’t say.

But here are some current ones:
Over 2,500 verified organizations, including Arbitrum, DyDx, Rarible, BNB Chain, and CoinMarketCap, have built their CyberProfile to build their web3 native audience. More than 50 projects are using CyberConnect to build social features for various use cases such as games, social media, marketplaces, and more.
For CyberConnect v3 and CyberTrek: Polygon, Linea, Base, Optimism, Arbitrum, and opBNB.

And some extra highlights:
Mocaverse: The PFP NFT collection of the Animoca Brands ecosystem. Mocaverse and CyberConnect will empower Mocaverse NFT holders to build their Web3 social reputation, make meaningful connections, and co-create value through various aspects of Mocaverse, including Moca XP, Realm Tickets, and NFTs.

XMTP: An interoperable web3 inbox. Integration of CyberConnect into XMTP-supported messaging applications.
Livepeer: A video infrastructure protocol. Integration of CyberConnect into Livepeer-supported video streaming applications.

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