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CYC is the original token of Cyclone Protocol for anonymous transactions. Cyclone is a multi-chain, non-custodial, privacy-preserving protocol. Cyclone applies zkSNARKs to enable transactional privacy by breaking the on-chain link between depositor and recipient addresses.
Cyclone Protocol is fueled by the CYC token, which is designed to incentivize anonymity providers, liquidity providers, and users. CYC is supported by Halo, the development incentive plan of the IoT public chain, IoTeX, and is launching first on IoTeX. After that, Cyclone will launch on Ethereum, Polkadot, Heco and other public chains in the future. CYC is NOT pre-mined or pre-allocated for investors or team. Those that contribute to Cyclone will earn CYC.
