Cyberconnect’s coin CYBER was listed on Binance. Proper after the itemizing, its worth dropped by 30%.
Cyberconnect’s token, CYBER, was added to the Binance platform on Aug. 15. The coin’s value can now be tracked on the crypto stats web sites, resembling CoinGecko and CoinMarketCap.
Shortly after the itemizing, CYBER skilled a 30% drop in its worth. In keeping with CoinGecko, the coin nosedived from $7 to $4.92. On the time of writing, its low was at $4.5.
What’s Cyberconnect
CyberConnect is a web3 social community. Its important purpose is to offer customers management over their digital ID, content material, and social interactions. Its three core merchandise are CyberAccount, CyberGraph, and CyberID.
CyberAccount goals to simplify the complexity of fuel funds throughout many networks and modernize the onboarding course of for multi-chain web3 actions.
CyberGraph helps retailer user-generated content material and facilitates connecting completely different blockchains.
On Could 18, 2023, CyberConnect conducted its first preliminary alternate providing (IEO) on Coinlist for 3,000,000 tokens, elevating $5.4 million. The challenge later launched a second IEO on Bitmart with 6,000 tokens, elevating $10,800.