Looking at the token allocation in the diagram, it's evident that the project allocates a significant portion of tokens for community development and the ecosystem. This will serve as a strong incentive for users and developers to contribute to the growth and expansion of the CyberConnect ecosystem. However, a project with a large number of tokens held by many small investors can also be a disadvantage, making it challenging for the token price to experience significant growth. Of course, this will depend on the project's token release stages.
Additionally, CyberConnect has plans to share project revenue with CyberAccount in the form of $CYBER gas credits for network transactions. This helps create a closed loop to limit the circulating token supply in the market, encourage utility within the network, and support sustainable network development.
As CyberConnect V3 is updated with new features and improvements, the utility of the $CYBER token will expand further:
- Governance: CyberConnect aims to operate under a DAO model, where $CYBER holders will have voting rights for improvement proposals, enhancing decentralization and promoting protocol sustainability.
- CyberID Payments: $CYBER will be used to pay fees when acquiring CyberID.
- Gas Fees: $CYBER will be used as gas fees in CyberWallets (CyberAccount). Show Less
3
