CYBER has gained significant attention since its launch, thanks to its growing and enthusiastic community. Transparency is the foundation of a sustainable and enduring community. We have consolidated all information regarding token contracts and distribution particulars within this post aiming to pr

Cryptocurrencies have introduced a plethora of innovative concepts and practices within the financial world, and one such phenomenon is the use of airdrops, retro drops, bounty programs, and testnets. These terms might sound unfamiliar to newcomers, but they play significant roles in the cryptocurrency ecosystem. In this article, we will delve into the details of each of these concepts to provide a comprehensive understanding of how they work and their importance in the crypto space.

1. **Crypto Airdrops:**

Airdrops are a popular method used by cryptocurrency projects to distribute tokens to a wide range of holders, often for free. The term "airdrop" is derived from the idea of "dropping" free tokens into the wallets of eligible participants. Airdrops can serve several purposes:

a. **Marketing:** Airdrops are commonly used as a marketing tool to generate interest and awareness for a new cryptocurrency or blockchain project.

b. **Rewarding Holders:** Existing token holders of a particular blockchain may receive airdrops of a new token as a reward for their loyalty and support.

c. **Community Building:** Airdrops can help build a community of users and investors around a project, fostering engagement and participation.

d. **Testing:** Some airdrops are conducted to test the functionality and security of a new blockchain or token.

2. **Retro Drops:**

Retro drops, short for "retrospective airdrops," are similar to traditional airdrops but are distributed to holders of an existing cryptocurrency based on their past holdings. Retro drops reward users who were early supporters or adopters of a particular blockchain project. These drops can be a way to express gratitude to the early community or to incentivize holding the original cryptocurrency.

3. **Bounty Programs:**

Bounty programs are initiatives launched by cryptocurrency projects to reward individuals for completing specific tasks or actions that benefit the project. These tasks can vary widely and may include activities such as:

a. **Bug Bounty:** Identifying and reporting security vulnerabilities in a project's code.

b. **Marketing and Promotion:** Promoting the project on social media, creating content, or organizing events.

c. **Translation:** Translating project documentation or content into different languages.

d. **Development:** Contributing code, building applications, or developing smart contracts.

Bounty programs are an effective way for projects to tap into the skills and enthusiasm of the crypto community while also compensating contributors with tokens or cryptocurrencies.

4. **Testnets:**

Testnets are separate blockchain networks created by cryptocurrency projects for the purpose of testing new features, upgrades, or smart contracts in a controlled environment. Testnets serve several crucial functions:

a. **Development and Testing:** Developers can experiment and test their code without risking real assets on the mainnet.

b. **Community Engagement:** Testnets allow the community to participate in testing and provide feedback.

c. **Security:** Identifying and fixing vulnerabilities or bugs before deploying on the mainnet enhances the security of the blockchain.

d. **Education:** Testnets offer a valuable learning opportunity for developers and users to understand the project's functionality.

<youtube id="U4ceEgI29Ys" />

Conclusion:

Airdrops, retro drops, bounty programs, and testnets are integral components of the cryptocurrency landscape, each serving distinct purposes in promoting projects, engaging communities, and ensuring the security and functionality of blockchain networks. These concepts exemplify the innovative and community-driven nature of the cryptocurrency space, where participants are rewarded for their contributions and support, ultimately shaping the future of decentralized technology. As the crypto industry continues to evolve, these practices are likely to remain prominent, fostering growth and innovation in the ecosystem.

[Twitter](https://twitter.com/vladi4light) | [Telegram](https://t.me/crypto4light) | [Youtube](https://bit.ly/crypto4light) | [Indicators](https://t.me/crypto4light/2155) | [Discounts](https://lnk.bio/discount4light)

Cryptocurrencies have introduced a plethora of innovative concepts and practices within the financial world, and one such phenomenon is the use of airdrops, retro drops, bounty programs, and testnets. These terms might sound unfamiliar to newcomers, but they play significant roles in the cryptocurre

Understanding Crypto Airdrops, Retro Drops, Bounty Programs, and Testnets

CYBER has gained significant attention since its launch, thanks to its growing and enthusiastic community. Transparency is the foundation of a sustainable and enduring community. We have consolidated all information regarding token contracts and distribution particulars within this post aiming to provide further transparency for CyberDAO.

As previously communicated, there are 11,038,000 CYBER tokens currently in circulation out of a total supply of 100,000,000 tokens. Here's a breakdown of the remaining 88,962,000 tokens that are not yet in circulation:

**Public Sale Managed by CoinList - 2,250,000 Tokens Not in Circulation**

- There are 3,000,000 CYBER for public sale (on ETH). The link below is the transfer to CoinList, who will manage the subsequent unlocking. 25%, or 750,000 CYBER, were unlocked upon TGE, and the remaining 2,250,000 CYBER are still locked. [https://etherscan.io/tx/0xb4533bf9fc4ee480b5b242118da9138bb2601ae69dc0588838979ef95d918dd9](https://etherscan.io/tx/0xb4533bf9fc4ee480b5b242118da9138bb2601ae69dc0588838979ef95d918dd9)

**Unvested Tokens Held by [Ceffu Custody](https://www.ceffu.com/) - 40,892,000 Tokens Not in Circulation**

- 34,292,000 CYBER on ETH (Team 15M + Unvested Developer Community 9.5M + Unvested Community Treasury 9.792M) will be escrowed in Ceffu Custody for lock-up, and Ceffu will release vested CYBER to respective parties. The transfer will be made once the Ceffu escrow account setup process is complete. [https://etherscan.io/address/0x36f405d5f2a228b755cfb5191fcb0eba1b55f497](https://etherscan.io/address/0x36f405d5f2a228b755cfb5191fcb0eba1b55f497)
- 6,600,000 CYBER for future community rewards (on Optimism) are also subject to the above custodial arrangement. [https://optimistic.etherscan.io/address/0x07c7ee9c065ff2bee1b3f433da2704a28414e57a](https://optimistic.etherscan.io/address/0x07c7ee9c065ff2bee1b3f433da2704a28414e57a)

**Unvested Tokens Locked in Vesting Smart Contracts - 45,820,000 Tokens Not in Circulation**

- **Ecosystem Partners**: 7,200,000 unvested CYBER tokens allocated to Ecosystem Partners are locked up. [https://etherscan.io/address/0xb2bbfc07948fedeb5935316203c33ce70bef57d0](https://etherscan.io/address/0xb2bbfc07948fedeb5935316203c33ce70bef57d0)
- **Private Sale**: 25,120,000 unvested CYBER tokens are under Private Sale allocation and are all locked up. [https://etherscan.io/address/0xc0af6b8f188ade028a552ba7d778e896845922c9](https://etherscan.io/address/0xc0af6b8f188ade028a552ba7d778e896845922c9)
- **Early Integration Partners**: 4,500,000 unvested CYBER tokens set aside for Early Integration Partners are locked up. [https://etherscan.io/address/0xdb67d7738871e4e888848e307b9f666fb526f794](https://etherscan.io/address/0xdb67d7738871e4e888848e307b9f666fb526f794)
- **Marketing**: 9,000,000 unvested CYBER tokens reserved for marketing purposes are locked up. [https://etherscan.io/address/0xcc30bb544864137c213cd6629b7eb3a03af3b2c9](https://etherscan.io/address/0xcc30bb544864137c213cd6629b7eb3a03af3b2c9)

Thus, 88,962,000 CYBER are not in circulation and all of their respective addresses are listed above for the community to track. You can also reference the token release schedule [here](https://research.binance.com/en/projects/cyberconnect).

Going forward, CyberDAO will manage the Community Treasury category of a total of 10,880,000 CYBER. The usage of vested Community Treasury is safely managed by a multi-sig wallet. The upcoming DAO proposal will elect the signers to access the vested Community Treasury in this wallet. The 1,088,000 CYBER vested upon TGE is safely stored here. [https://etherscan.io/address/0x360227bF3F27cdD493D6f90b20c1a4cB8f4E1898](https://etherscan.io/address/0x360227bF3F27cdD493D6f90b20c1a4cB8f4E1898)

In the world of blockchain, transparency is paramount. Governed by a decentralized community and powered by smart contracts, CyberDAO is on a journey to strengthen over time. As we stand at the beginning of the Web3 revolution, together we'll reshape the internet, reclaim ownership of our data, content, and value.

**Legal Disclaimer**

*NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS, OR TAX ADVICE, AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISORS BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER CYBERCONNECT, ANY OF THE PROJECT TEAM MEMBERS, NOR PROJECTS TO DEVELOP CYBERCONNECT IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF CYBER (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER THAT YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE TOKEN DOCUMENTATION, THE WEBSITE AT [HTTPS://CYBERCONNECT.ME/](HTTPS://CYBERCONNECT.ME/) (THE WEBSITE), OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY CYBERCONNECT.*

3,423

0 Comments

No Comments