We are excited to announce some changes to our weekly Fan Club raffle system that are designed to protect the interests of our long-time community members and Link3 users. Before delving into the details of the new system, we would like to take a moment to address our community. Since the launch of

We’re excited to announce the launch of [Cyber](https://cyber.co/), a Social Layer 2 with restaking, and introduce the CYBER Season 2 Rewards. The launch of Cyber L2 introduces CYBER Staking, a transformative feature that enables users to stake CYBER tokens, thereby securing the network by adding additional nodes to process transactions, earning voting rights in CyberDAO and receiving economic rewards.

We invite our dedicated community members and CYBER holders to participate in the CYBER Season 2 campaign by staking their CYBER. Early participants can earn up to 1M CYBER available as rewards.

# **[CYBER Season 2 Campaign](https://www.cyber.co/stake)**

## Stake Your CYBER

Stake your CYBER to accumulate points. The campaign starts on March 8th and continues until the launch of the Cyber mainnet. You’ll not be able to unstake before the Cyber mainnet. You’ll be able to unstake your CYBER shortly after the Cyber mainnet goes live. The launch of the Cyber mainnet is planned to coincide with the EigenLayer mainnet, targeted for the second quarter of 2024.

### Earn Through Referrals

Invite your friends to get 15% of the staking points from those you directly invite and 5% from second-degree invitees (those invited by the people you invited). Your referral code can be used multiple times.

### Boosters

You can unlock different levels of boosters to receive a boost on your total points.

- **Check-in Booster:** Check in daily to earn a booster on your total points. Checking in for 90 consecutive days earns you a 9% boost on your rewards.
- **Season 1 FanClub Booster:** This booster is designed for our community members who have unused Season 1 FanPoints. If you have ≥2000 and <5000 unused FanPoints, you’ll receive a 1.5% boost. If you’re holding over ≥5000 unused FanPoints, you’ll receive a 3% boost on your total points.
- **Community Booster:** Engage with our community by participating in quests and activities. These events unlock additional booster levels. Join our [Discord](https://discord.gg/cyberconnecthq) to stay updated on upcoming community quests.

### Rewards

A total pool of 1M CYBER community rewards is available to reward our dedicated community members for their engagement and support. The total 1M reward pool gradually unlocks as the amount of CYBER staked reaches each milestone.

### Season 1 Point Redemption

Season 1 was an unforgettable journey with remarkable campaigns. Participants can now convert points from the CyberTrek, Pre-Season 2 CyberWallet Beta Launch, and [The SuperNova campaigns](https://wallet.cyber.co/supernova) into CYBER rewards. Users with unused Season 1 FanPoints can also convert them into Season 2 points.

- CyberTrek participants can exchange CyberPoints for CYBER on a 1:1 basis.
- Pre-Season 2 CyberWallet Beta Launch participants can exchange points for CYBER at a ratio of 1000:0.8.
- 1000 randomly selected participants who minted the SuperNova NFT will receive 1 CYBER each.
- Users with unused Season 1 FanPoints can convert these into Season 2 points at a ratio of 2:1.

Please visit the [campaign website](https://www.cyber.co/stake) to claim your rewards and join the Season 2 participant community. We appreciate your continued support and involvement.

# [CYBER Staking](https://docs.cyber.co/cyber-l2/overview/cyber-token/staking)

### Governance

CYBER stakers along with CYBER holders can propose and vote on governance proposals on the use of community treasury, protocol upgrades, and council members.

### Network Security

Sequencers are at the core of a Layer 2 network, a centralized sequencer could have a negative impact, such as censoring user transactions, creating a single point of failure, and creating harmful MEVs. Cyber L2 utilizes EigenLayer’s [Actively Validated Services](https://docs.eigenlayer.xyz/eigenlayer/overview/key-terms) (AVS) to build up the fundamental decentralized infrastructures such as sequencer, verifier, and CyberDB. Staked CYBER and restaked ETH are utilized as delegations to different AVS operators running these infrastructures, and a slashing mechanism is implemented to ensure operational integrity, optimize performance and maximize network security.

### Economic Rewards

![](https://miro.medium.com/v2/resize:fit:1400/1*XkasPcqg-MP5RWrvJpttmA.png)

**CYBER stakers can expect four types of rewards:**

1. **CYBER Season 2 Rewards:** To enhance network security and reward early loyal members of the Cyber community, 1,000,000 CYBER will be allocated to those who stake CYBER during the Season 2 Campaign.
2. **Ecosystem Airdrop:** As the Cyber ecosystem continues to thrive and expand, CYBER stakers enjoy the potential benefits of receiving airdrops from the ecosystem.*
3. **Network Revenue Sharing:** The staked CYBER are delegated to Actively Validated Services (AVS) operators through EigenLayer. In return, CYBER stakers will share the revenue from these services.
4. **CYBER Staking Incentives:** To ensure ample rewards for CYBER stakers initially and long-term sustainability, a Staking Incentive of 5.5M CYBER has been specifically designed.

For more details about CYBER staking, please visit: [https://cyber.co/stake](https://cyber.co/stake)

**Unless stated otherwise, rewards are provided by third-party dApp developers and not by Cyber DAO. Rewards are not guaranteed with CYBER staking and are subject to change at any time. Your claiming and/or use of any rewards is at your sole risk. Cyber DAO is not responsible for any damages or losses related to rewards.*

# Join the CYBER Season 2 Campaign

Get ready to stake, earn, and contribute to our governance. Visit our website to start, redeem your points, and participate in the CYBER staking program. Welcome to Season 2!

If you have any other questions or inquiries, please feel free to reach out to our support team on [Discord](https://discord.gg/cyberconnecthq). Follow us on Twitter/X [@CyberConnectHQ](https://twitter.com/CyberConnectHQ) for more updates.

*This series is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any Cyber, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law*

# 

### Frequently Asked Questions:

**Q: How do I earn points in Cyber Season 2 Rewards?**

**A:** You can accumulate points by staking CYBER tokens. Additional points are available by referring others to stake CYBER. Participation in our community events and attaining retroactive community status can also unlock various booster levels.

**Q: What benefits do I get from inviting others to stake CYBER?**

**A:** You earn extra points based on your invitees’ staking points. You’ll receive 15% of the staking points from your direct invitees and 5% from your second-degree invitees (those invited by your invitees). Your referral code can be used an unlimited number of times.

**Q: When can I unstake CYBER?**

**A:** You can unstake your CYBER shortly after the launch of the Cyber mainnet. The unstake process, which is at a CYBER holder’s discretion, will take 21 days. The Cyber mainnet is planned to launch simultaneously with the EigenLayer mainnet, targeting the second quarter of 2024.

**Q: How are CYBER Season 2 Rewards distributed to stakers?**

**A:** A total of 1M CYBER Season 2 Rewards will be distributed to CYBER stakers shortly after the mainnet launch. Stakers will receive a proportionate allocation of the total CYBER rewards based on their points.

**Q: There was a milestone system to unlock CYBER rewards. How does it work?**

**A:** There’s no longer a milestone system. All 1M CYBER reward has already been unlocked and is currently available to be shared among stakers.

**Q: Should I keep my CYBER staked after the campaign ends?**

**A:** Yes, after the campaign concludes, CYBER stakers can continue to participate in governance and earn a variety of economic rewards. These include ecosystem airdrops, sharing of network revenues, and CYBER staking incentives. Learn more about the upcoming benefits of CYBER staking [here](https://docs.cyber.co/cyber-l2/overview/cyber-token/staking).

We’re excited to announce the launch of Cyber, a Social Layer 2 with restaking, and introduce the CYBER Season 2 Rewards. The launch of Cyber L2 introduces CYBER Staking, a transformative feature that enables users to stake CYBER tokens, thereby securing the network by adding additional nodes to

Welcome to CYBER Season 2 Rewards

# Crypto Market Review in June

Recently, Wall Street submitted an application for a cryptocurrency ETF (Exchange-Traded Fund), which quickly caused a stir in the market. ETFs are investment instruments that can be traded on stock exchanges. If approved, a cryptocurrency ETF would provide a more accessible way for traditional investors to participate in the cryptocurrency market. This news injected new confidence and momentum into the market, leading to a rapid rebound in prices of cryptocurrencies like Bitcoin.Meanwhile, the trading volume in the NFT market continues to decline. NFTs, also known as Non-Fungible Tokens, were once a hot topic in the market. However, the recent decrease in trading volume and issues faced by some blue-chip NFT projects have caused some supporters of NFTs and their communities to lose confidence. However, it is important to recognize that NFTs are just a medium and they need to be combined with content and products that have market demand in order to have sustainable value, which is often referred to as utility. Only by associating NFTs with content that has market demand can they truly unleash their potential.

# What did SMUG do in June ？

## SMUG ( NFT tool）

1. My studio Page, created history
2. Airdrop, White List 
3. Supported BNB chain, Arbitrum, Caduceus
4. Mobile Optimization

These developments in June demonstrate SMUG's commitment to enhancing its platform and providing users with a more efficient and user-friendly experience in creating, managing, and distributing NFTs.![](https://sumeru-cultech.larksuite.com/space/api/box/stream/download/asynccode/?code=NzMzMDhlNjVkMzBlZWM4MDYyMTBhNGM2NmVmODM4ZjRfOFFEbEI5alJnb2phRGZyTWNhcGY5cE1jYjJUZVhOdnJfVG9rZW46SXZLc2JqenZ2b2N2bDB4WWtBVHVNVjAzczRnXzE2ODgxMDk2NTU6MTY4ODExMzI1NV9WNA)
The no-code NFT publishing tool developed by SMUG is an essential infrastructure tool for building its product ecosystem. It will provide foundational content creation capabilities for the future SmugMusic community and serve as preparation for the anticipated surge in application demand during the next cycle of NFTs.SMUG's NFT publishing tool has already launched on mainnet and is currently in open beta testing. You are invited to experience it [https://studio.smugbunny.io/](https://studio.smugbunny.io/).

## DID Product prototype design

DID will be the focal point of SMUG's next phase. Our product, FansID, will enter the domain name  market. We believe that DID is a crucial user entry point for the widespread adoption of Web3.DID provides users with decentralized and self-sovereign identities, allowing them to have control over their digital presence and data. By leveraging DID technology, SMUG aims to create a seamless and user-centric experience in the personalized domain market. FansID will enable users to establish their unique online identities through personalized domain names, which can be used for various purposes such as websites, social media profiles, and NFT collections.We envision that DID will play a significant role in Web3's mass adoption by empowering users with ownership and control over their digital identities.



## Deck and Demo

With the completion of the initial version of Pitch Deck, SMUG's new product financing program will begin in July.The Demo presentation: [https://twitter.com/Smugbunny/status/1673961578612547584?s=20](https://twitter.com/Smugbunny_/status/1673961578612547584?s=20)

# Some change

SMUG originally emerged from the Smugbunny NFT community, but it has evolved into more than just a collection of JPEGs. It is now a dapp project focused on exploring Web3 massive adoption.  The goal of SMUG is to develop products that have market demand and appeal, empowering the NFT to provide users with meaningful experiences. We will continue to innovate and improve, striving to deliver more attractive and meaningful products and experiences to users.

# Q&A

Q: Will Smugbunny's NFT be associated with future SMUG products?A: Smugbunny is the first IP within the SMUG ecosystem and will be integrated across future product lines. For example, in the point system, holding Smugbunny can earn more points, and it also serves as a basic Pass card, granting holders free access to VIP features. In addition to the foundational utility, we will continue to explore additional commercial value for the IP.

Let's build and bounce!

Crypto Market Review in June Recently, Wall Street submitted an application for a cryptocurrency ETF (Exchange-Traded Fund), which quickly caused a stir in the market. ETFs are investment instruments that can be traded on stock exchanges. If approved, a cryptocurrency ETF would provide a more acces

SMUG 2023-June Newletter

We are excited to announce some changes to our weekly Fan Club raffle system that are designed to protect the interests of our long-time community members and Link3 users. Before delving into the details of the new system, we would like to take a moment to address our community.

Since the launch of the CyberConnect Fan Club, our goal has been to reward our dedicated community members and long-term supporters. Unfortunately, we have consistently encountered Sybil attacks that have led to an unfair distribution of the reward pool.

For instance, address 0x82…43a4 has funded gas fees to over 1,700 addresses in early April, allowing each address to easily purchase seven raffle tickets every week. Without intervention, this Sybil account could have amassed over 11,000 tickets and won 5,000 mini-shards from the raffle every week.

As a solution, we will now divide the reward pool into a Main Pool and a Side Pool, and introduce a Credit Point system to differentiate human users from bots. Users with 24+ Credit Points will have access to the Main Pool and will be able to share the majority of the rewards.

We acknowledge that this is not a perfect solution, and we appreciate your patience and support as we work to implement additional changes to ensure a fair distribution of rewards. Furthermore, we welcome our community members to share their valuable insights and suggestions with us. Please feel free to reach out to us on [Discord](http://discord.gg/invite/cyberconnect) with any comments or suggestions you may have.

# **Calculation of Credit Point**

![img](https://link3-image.cyberconnect.dev/b90b5e49-9e7f-48ae-850a-ce2664bfec4a/postImageFolder/3de54b04497b1b56)Your Credit Point is the sum of the following four factors:

- Link3 profile completion (total 1.67) 
-Added avatar, display name, basic info +1.67
- Gitcoin passport passing score (total 100)
- Paid CyberProfile (total 3.34) 
-CyberProfile length is less than or equal to 12 characters +1.67
-CyberProfile length is less than or equal to 6 characters +1.67
- Link3 event W3ST holding (total 6.68) 
-Hold 10 W3ST +1.67
-Hold 50 W3ST +1.67
-Hold 100 W3ST +1.67
-Hold 500 W3ST +1.67

If your total Credit Point is equal to or larger than 24, your raffle tickets will automatically join the Main Pool. Otherwise, your raffle tickets will join the Side Pool.

# **Main Pool & Side Pool Rewards**

For Week 9’s raffle, the Main Pool will have 70% of the total rewards, while the Side Pool will have the rest 30%.

Specifically,

**Main Pool:**

35 mystery box

17,500 mini shards

**Side Pool**

15 mystery box

7,500 mini shards

# **Instructions**

![img](https://link3-image.cyberconnect.dev/b90b5e49-9e7f-48ae-850a-ce2664bfec4a/postImageFolder/ac5c9962c19a71b1)When you login in FanClub, all you need to do are:

1. Step 1: Go to Gitcoin Passport and get your passing score.
2. Step 2: Click the refresh button after signing on Gitcoin to reveal credit points
3. Step 3: Upgrade Gitcoin stamps to reach 24+ points and join the weekly raffle to get main pool tickets.

During the weekly raffle, we'll evaluate your credit points and allocate your tickets to either the main pool or the side pool based on whether you have more or less than 24 points.

You will see a “main pool” tag if your tickets are counted in the Main Pool.

After raffle participation, we will take a snapshot and reassess each participant's credit points to finalize the allocation of the main pool and side pool tickets. This process will help us identify and filter out users who may be exploiting multiple social identities for Sybil.

**Important Notes:**

- **Do NOT unlink your social media accounts on Gitcoin Passport.** We will take a snapshot of credit points during the raffle to re-evaluate them at that specific moment. You will be entered into the side pool if your credit point is lower than 24.

Sybil New Rules Announcement 

🌟 Zealay August Winners Announcement! 🎉

Congratulations to the fantastic winners of @zealy_io for the month of August! 🥳🏆

In the month of September, we will be rewarding the top 15 users with fantastic prizes, including exclusive 4-letter domain names on Polygon.

[https://zealy.io/c/znsconnect/](https://zealy.io/c/znsconnect/)

A big shoutout to ( twitter account ):

- 

@Cyprian1124

@GuillermoUgher

@piotr002323

@hello_beige

@AlpaniaR

@trantrannign

@andikadarmawan4

@megaworldCrypto

@VladyBit

@victorlashin

@_littleBAVARIAN

@ImBeforeCrypto

@orenhitam99

@shimoongta

@gemhunters77

To claim your rewards exclusive 4-letter domain names, please send your wallet address to our Discord channel and open a support ticket.

We'll ensure your prizes are delivered promptly!

Thank you all for your incredible support. Zealay wouldn't be the same without you. Stay tuned for more exciting contests and opportunities!

🌠💫 #Zealay #Winners #CryptoCommunity #ThankYou

🌟 Zealay August Winners Announcement! 🎉 Congratulations to the fantastic winners of @zealyio for the month of August! 🥳🏆 In the month of September, we will be rewarding the top 15 users with fantastic prizes, including exclusive 4-letter domain names on Polygon. https://zealy.io/c/zns

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