Cryptocurrency token called "cypher/CPH", which can be transferred between accounts and used to compensate participant nodes for computations performed.
1 ETH = 200 cypher tokens during pre-ico
Sum of tokens:
200 000 000 for the amount of 33 000 000$
POW and BFT concensus
Accepted currencies ICO:
Token distribution date
The market cap of cryptocurrencies went up to over $600 bn in 2017 and received the attention of the global central banks. Main factors likely to affect the future development of cryptocurrencies are, in our opinion, interventions by the government and central banks and questions on how the sector will be regulated. Also keep an eye on the growing competition between cryptocurrencies.
The design goal of Cypherium focuses on achieving the apex of scalability, decentralization, and commercialization viability. Cypherium’s unique consensus mechanism provides unprecedented transaction throughput and contract execution time through PBFT, while leveraging an ASIC-resistant Proof-of-Work system for decentralized leader election. Leveraging a hybrid PBFT/PoW consensus mechanism and federated architecture, Cypherium is able to achieve unprecedented transaction throughput while preserving permissionless decentralization and integrity. The team did run test on our test net and the transaction speed is between 1000-2000 per sec. But project has a serious lack: is this still early stage of development and test net isn't available.
The team consists of 9 people. Cypherium is comprised of experienced technologists, visionaries, and experts possessing extensive background in cryptography, decentralized networking and software architecture.
Cypherium VM offers light-weight sandbox environment that separates testing and production. The infrastructure comes with easy-to-use smart contract scripting, identity management, secure messaging, and additional functionalities. By providing fundamental building blocks for developers to create groundbreaking applications, and an intuitive interface for users to access these functionalities, Cypherium aim to provide a comprehensive foundation for the future of blockchain technology.
Hard cap of ICO (include pre-ico) is 33M. With an ETH price of $860, this gives a total of 29,069 eth to hit the 25m usd pre-ico cap (25m/690=29k). At a 200:1 Cypher/ETH ratio this only creates 7m Cypher sold to the public in presale + ico (36k*200=7m Cypher). That number looks a bit small for early investors. 7m Cypher is less than 10% of total Cypher in Year 1, and 11% of total circulating supply in Year 1 (65m). That’s a pretty staggering amount coins being distributed to miners.