Cyclix Games Project Update
As shared last week in the Cyclix Telegram community group, recent market conditions and funding challenges have prompted the team to review the projectโs operations and determine the most responsible course forward.
After careful consideration, the team has made the decision to temporarily suspend casino operations and take the platform offline by Sunday, November 2, while maintaining corporate and legal obligations.
Without new financing, it is simply not sustainable to continue operating, maintaining infrastructure, and supporting ongoing development at a competitive level.
The CYG token will continue to trade as usual, and all code, licenses, and platform assets remain securely under company ownership.
The broader funding environment has shifted considerably. Competing gaming and betting projects have raised multiple 7- and even 8-figure budgets, often allocating millions to marketing, influencer partnerships, and sponsorships.
In contrast, Cyclix was built on a very lean structure, our total raise in Q2 2024 was under $500k, including liquidity for CYG. Competing at scale in such conditions without additional capital is simply not feasible.
An equity raise had been considered in late 2024, but the timing and subsequent market downturn made it challenging. Since then, the team has continued to maintain compliance, support users, and explore new funding and partnership opportunities to bring Cyclix back in a stronger, more sustainable way.
The team remains committed to exploring strategic options for the Cyclix brand, assets and technology.
Thank you to everyone for your support. Updates will be shared on Telegram as well as on X.
๐ฅ CYG Migration to Solana: Officially Completed
The final round of migration airdrops has been sent out, and all remaining unclaimed tokens โ totaling around 466,000 CYG have been burned or moved to the treasury (~2% of supply burned)
We extend our sincere thanks to the entire CYG team and community for making this migration smooth and successful.
Our focus now - Marketing to drive users and volume
๐จ FINAL REMINDER ๐จ
We have exactly 1 week before the final migration airdrop happens. 50% of unclaimed tokens will be burned and the rest will be added to the treasury for marketing purposes.
Submit your Solana wallet here https://t.co/Imjl6WkYMR
It's as simple as connecting your wallet, buying tickets with USDT/USDC, and timing it so you're one of the last 10.
The Dragons Den gets bigger the more people play over time. Let's see just how big.
Link: https://t.co/bq0elnD0dx
Nice move for @cyclixgames ๐
This is a major sleeper in the #gamblefi & #gaming sector.
Migrating to $SOL is perfect timing for the upcoming #Solana season due to #Seeker phone launch.
$SOL is dead right now. You know what that means - $SOL rotation not far away.
I've been calling for a Solana Season, because the Solana phone Seeker is coming!
This is a smart move to SOL chain by $CYG, major GameFi and GambleFi potential when that Solana Season starts in a couple of weeks.๐
๐ Staking Multiplier Preserved
Holders who previously staked CYG on Ethereum will retain their multiplier rewards on the new Solana staking platform.
The final airdrop will be on July 2nd, 2025.
No claims will be possible after the deadline.
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๐ข $CYG to SOL Migration โ Final Deadline Confirmed
As decided by community vote, the deadline for migrating CYG to Solana is July 2nd, 2025.
CYG holders have 1 month to submit their Solana wallets at:
๐ https://t.co/A66a4Xpo5S
After this date, any unclaimed tokens will be permanently burned, reducing total supply.
You guys let fat nerds extract billions and ruin the trenches
The odds were always stacked against you
If only there were somewhere with provable fair odds, onchain games, and a based community of holders
The ticker is $CYG
โ The CYG migration and airdrop are now complete.
Cyclix Games ($CYG) is officially live on Solana.
๐ Contract: BsLFm4B5MroyV7b3wgZNUjiWDmKak5hnhNoL6RYqoVnQ
Check your wallets, tokens have been distributed.
If you have any questions, reach out in the official Telegram group.
โ ๏ธ Stay alert: beware of scammers and never share your private keys.
Welcome to the Solana chapter.