Hello Cyclonauts!
August has been a month filled with exciting developments here at the Cyclos HQ.
Seed Round Closure
The Cyclos seed round was successfully closed and resulted in investment and support from a range of well-respected institutions.
We are pleased to confirm that we received 1m in funding which will help us to continue executing on our goal of bringing the first concentrated liquidity market maker to Solana.
Our partners in this round include CMS, Hashkey, Solana Capital, Huobi Ventures, Coin98 Ventures, MXC, Gate.io, Illusionist Group, Skyvision Capital, and Petrock Capital.
Cyclos Solanium IDO Announcement
We are thrilled to confirm that our native token $CYS will be launching with an IDO event on Solanium :)
Solanium is quickly becoming one of the top IDO platforms for DeFi projects that are built on Solana. Solanium makes it possible for everyone to participate in token sales through their lottery system. They also have an extremely strong community filled with passionate investors who seek to hold a stake in innovative Solana projects.
Cyclos IDO Details
Token: $CYS
Number of Tokens: 714,285 $CYS
Accepted Currency: USDC
Total raise in Public Sale: $250,000 USDC
IDO Timeline (UTC)
- Whitelist will open Sep 6 (You can now whitelist yourself for the lottery)
- Whitelist Lottery Results: Sep 6, 3:00:00 PM
- Sale Start: Sep 6, 4:00:00 PM
- Distribution: Sep 8, 5:00:00 PM
Development update
The development of the Cyclos platform is coming along extremely well. We’ll soon be releasing details of the alpha-launch of the concentrated liquidity market which is expected in Q3.
Over the next few weeks, you can expect to see more info about some of the features of Cyclos and how early liquidity providers will be rewarded ⛏️
We’ll also be releasing information about our native token $CYS and the various key roles that it plays within the Cyclos platform.
What is Cyclos?
Cyclos is a concentrated liquidity market maker protocol that aims to be the go-to liquidity solution for digital asset trades on Solana. Cyclos leverages innovations around greater capital efficiency and combines them with a simple, intuitive UI, allowing liquidity providers of all sizes to participate in the market.
For more info please see our website and whitepaper.
Join us on Telegram or Discord to participate in Cyclos discussions and to stay up to date with the launch of the V1 platform & $CYS.
