Cysic (@cysic_xyz)
๐ Key Developments
Partnership with ElectronZK: Cysic announced a partnership with ElectronZK to revolutionize proof aggregation, leveraging Cysic's advanced ASICs for faster and more efficient proof generation. (Announced April 2025)
Pre-A Funding Round: Cysic successfully completed a $12 million Pre-A funding round, led by HashKey Capital and OKX Ventures. The total amount raised is $18 million across two rounds. (Announced May 2024)
Testnet Launch: The Cysic Network is live on testnet. The network utilizes a new consensus mechanism called Proof-of-Compute (PoC), a hybrid of Proof-of-Work and Proof-of-Stake. (Testnet live since July 2024)
Incentivized Activities: Cysic has run various incentivized activities, including a testnet for Verifier Nodes and a referral program. The Testnet tokens ($CYS and $CGT) are planned to be convertible to real tokens after the Token Generation Event (TGE).
๐ก What is Cysic?
Cysic is a full-stack compute network and ZK hardware startup designed to accelerate Zero-Knowledge proof generation and verification using advanced hardware acceleration, including GPUs and ASIC chips (like ZK Air and ZK Pro).
Products: ZK proof layer (Cysic Network), Cysic hardware (GPU, ZK Air, ZK Pro), and Cysic AI.
Token Model: It plans to use a dual-token model:
$CYS: Network token for transactions and gas fees.
$CGT: Non-transferable governance token, required for validators.
๐๏ธ Upcoming/Ongoing
TGE and Distribution: A Token Generation Event (TGE) and token distribution are upcoming, but no exact date has been announced.
๐ The Hilarious "Cube" Holder's Survival Guide ๐
"Heads up, Cube Holders! Tomorrow, November 28th at $2$ PM UTC, your little Cube NFTs are getting a mandatory spa day. ๐ They will officially pause all transfers, meaning no more running away!
The Network is coming in for a 'Glamour Shot' (or as the nerds call it, a 'Snapshot'). ๐ธ This is the moment your wallet, currently hugging that Cube, gets its 'Digital ID Card' stamped for future goodies (your glorious future allocation address).
The best part? 'No action needed on your end.' Thatโs right. For once, your only job is to do absolutely NOTHING. Just hold still. Try not to blink. (It's harder than it sounds, we know.)
Consider this the ultimate test of patience. Stop clicking. Stop transferring. Just put your feet up and mentally coach your Cube: 'You got this, buddy. Stay put for the prize!'
So, say goodbye to transaction fees and hello to the era of 'Chill and Claim'! The future loves a stable, non-moving Cube. ๐ง
TLDR: Just hold tight for whatโs next. Your Cube is having its close-up!
#Cysic #CysicMainnetArc #CubeHolders #CubeNFT #NFTSnapshot #FutureAllocation #Web3News
๐งย Important heads up for Cube holders.
Tomorrow, Nov 28 at 2 PM UTC:
- Cube transfers will pause
- Network will take the final snapshot
- Wallet holding your Cube at snapshot becomes your future allocation address
No action needed on your end.
Just hold tight for whatโs next.
๐ ZK Proofs, NOYA, and Cysic: The "Fast & Furious" Duo of Web3! ๐
"I heard Cysic and NOYA are 'collaborating' intensely these days. They're like the 'odd couple' of the Web3 universe, but in a perfectly harmonious way!"
โ The Situation: Web3 and AI enthusiasts are always complaining: "Ugh, why are Zero-Knowledge Proofs (ZK Proofs) so slow, like a snail crossing the highway, and expensive, like gold?!"
โก The Protagonists Emerge:
Cysic (The Speed Champion): "Hold my beer! I told you it's faster and cheaper! NOYA, give me the Proofs, I'll hit the 'nitro' for you!"
NOYA (The AI network in need of Proofs): "Fantastic! Thanks to Cysic, my Proofs are no longer throwing tantrums about high fees. Latency? That's just a myth now!"
In Short:
๐๏ธ This partnership turns large-scale Web3 infrastructure into a Formula 1 hypercar, where Proofs are generated:
As fast as the speed of light (because AI doesn't like waiting).
As cheap as... a morning coffee (so everyone can dive in).
The Media's (and my own) Conclusion: This isn't just a collaboration; it's "Love at First Proof" born to rescue the wallets and time of the entire community. Soon, ZK Proofs will probably be renamed "ZK Proofs: Fast, Cheap, and Totally Awesome!" ๐
(Source: Reporters had to drink several cups of coffee just to keep up with the Proof generation speed of Cysic and NOYA).
#Cysic #NOYA #NetworkNoya #ZKP #ZeroKnowledgeProofs
That's a really good question! Given edgeX's emphasis on "real depth" and "clean redistribution," does that translate to more consistent execution during extreme volatility, even if initial slippage might be higher without "padding"? I'm curious how its market-driven transparency truly performs under pressure.