Introduction to NFT
The evolution of human survival is largely determined by technical innovation and the technology that humans employ. Also, there are distinct brands in technology for each time period. The cryptocurrency market is one of those hallmarks of the era we live in. Despite the fact that we have AI, machine learning and a host of other technologies in our arsenal. Money serves as the basis for all advancements, and bringing about a major revolution in finance is considered one of the most admired concepts. NFT combined with the metaverse is still an evolving technology that expands in every possible direction and time. And individuals will always need an awesome companion before delving into technologies. Fortunately, we've been able to help a variety of people with their reliability and reliability. Together with our users, we are bringing positive changes to the cryptocurrency world. Our next milestone in creating one is the NFT Metaverse launchpad, which is a rare and unique feature on the cryptocurrency blockchain.
Metaverse and NFT
One way people are utilizing NFTs in the metaverse is to buy virtual land, like LAND — a piece of digital property in the Sandbox. Instead of tangible deed, these virtual places use NFTs to show ownership of specific regions within a virtual environment. By the end of 2021, total spend on NFTs exceeded $12.6 billion, and some of the ways buyers receive passive returns (residual income) and maximize the potential of their investments include the following:
Income generating NFTs
staking
nested NFTs
In general, Cylum would be integrating nested NFTs and contributing value to the metaverse by modifying and extending the functionality of virtual items.
Cylum launch pad
Cylum launchpad is an ideal alternative for metaverse projects eager to enter the market with everything they've got. Our Launchpad will be a platform that connects people with all relevant requirements to a single potential instance of the market. Typically, projects must follow a series of steps to debut an instance on the bitcoin market, and with our launch pads, we have established efficient technology setups and partnerships/funding to facilitate this.
Cylum Blockchain
Blockchain is a critical component of NFT and the crypto world. They handle a variety of processes at once. Blockchain is one of the greatest inventions of the modern era. Cylum technology will primarily focus on technologies that will outperform web 3.0 technology.
Cylum's Metaverse
Cylum Metaverse is a decentralized and easy-to-use environment. It is a token for blockchain based gaming in the metaverse and metaverse world where users can buy, sell and claim various non-fungible token assets such as virtual land. Both Cylum's NFT marketplace and UGC gaming technologies are proprietary. Players have the option to purchase land and properties to enhance their online gaming experiences. CYM, like other cryptocurrencies, can be bought and traded on Binance.
What is Cylum?
BCylum is a protocol built as a Launcpad for Metaverse projects on Binance Smart Chain. The $CYM token is used to fuel and drive this Cylum ecosystem.
Written as one of the most promising sections of the global financial sector, decentralized finance [DeFi], as the name suggests, aims to dispel the need for a central authority system in the financial sector. Featuring a wide range of unique concepts from lending to borrowing, staking and farm, DeFi has evolved, giving way to DeFi 3.0, a nascent decentralized finance framework that focuses on education, global adoption, transparency and development.
Not surprisingly, several of these DeFi 3.0 projects were designed and launched to help drive emerging market growth. One such protocol is Cylum Finance.
Cylum
A sustainable, reputable and rewarding automation protocol that allows token holders to put their assets to work in a multitude of high-profit investment opportunities, Cylum Finance will leverage its patented CYM protocol to provide a sustainable financial asset that rewards users. based on a compound interest model.
Cylum Finance has introduced a set of new features, some of which, according to the team, put you on a higher pedestal.
Features of Cylum Finance
The Cylinder Cylinder
The Cylinder is Cylum's backup reserve or cold storage facility that contains a specific amount of BNB. The idea behind this feature is that it would help manage price drops caused by the rapid sale of tokens by holders.
According to the project team, Cylum Cylinder was instituted to protect investors by eliminating sudden failures through price stability and assuring them of Cylum's long-term sustainability and expansion plans. Also, reserve storage will reduce the downsides of investing in a DeFi project.
auto-staking
Self-staking as a core facet of Cylum Finance will help resolve a significant point of contention in the DeFi space. Typically, token holders who wish to stake or commit their assets to protocols will have to transfer their holdings to a staking protocol or pool — an arduous task.
Cylum's auto-staking will allay this problem.
How?
Through Cylum Finance’s “Buy-Hold-Earn” model, potential token holders will only need to buy a certain number of $CYM tokens, hold for a period and immediately start earning annual percentage yields [APYs]. No transfer of any kind is required. In essence, simply by holding the $CYM tokens, you get rewards sent directly to your wallet.
automatic composition
Working pari passu with autostaking is the autocomposite feature. Cylum Finance is piggybacking on a compound interest formula to allow for ongoing payment of token distribution worth around 0.75% of the total value of $CYM.
The compound interest formula, therefore, means that $CYM holders will earn more than 395% on the first year's annual compound interest rate, albeit without having to withdraw any tokens from their wallets. Once the 12-month period has elapsed, the compound interest rate automatically reduces.
Token auto burn
Cylum has designed a token burning algorithm that will burn 2% of the total token supply immediately after the project is launched. As revealed by the team, auto-burn is introduced to create a deflationary effect, taking more CYM$ out of the market and driving its value increase.
Over the years, token burning has been embraced by a multitude of cryptocurrency projects as an impressive catalyst for token value appreciation. Cylum Finance, like most others, has implemented this feature, only this time it's automated. With the aim of strengthening the project's token supply chain, Cylum, as a legitimate and long-term protocol, will conduct these burn operations in an organized and automated manner.
With future token burn operation dates to be announced by the Cylum Finance team, these features not only cement its position as a leader in this new space, but also give it an edge over existing competitors.
Cylum main network
Cylum Mainnet will have a multi-chain Dapp with a variety of utilities such as speed farming, token locking and liquidity, NFT minting, general token mining and a variety of other features. $CYM tokens will be the driving force behind Mainnet.
Cylum Cylinder
Cylum Cylinder is a cold storage wallet that stores a significant amount of BNB. The cylinder will help control significant price drops caused by the holders selling to maintain the token price.
Cylum Cylinder protects investors by:
Preventing flash failures through price stability
Ensuring the viability and future expansion of the Cylum Protocol
Significantly reducing the risk of falling
Cylum Token (CYM) Information
CYLUM is a hyper deflationary token with many utilities, capped at 5 billion and 2% burned at launch. Investors who HODL$CYM will earn up to 395,677% in 1 year.
Token Name: CYLUM
Token Symbol: ENG
Decimals: 9
Token contract address: 0x15Ea6B8481bF1C991aC3dC8e67279d31651a56FE
Chain: Binance Smart Chain (BEP20)
Pancakeswap liquidity created and blocked until 2025
Tokenomics
Firing allocation: 32%
IMO: 20%
Betting Rewards: 15%
Development: 2%
DAO Reserve (Cylinder): 10%
Liquidity: 18%
Team: 2%
Airdrop: 1%
Total supply: 5,000,000,000 CYM
Instructions on how to buy Cylum tokens ($CYM) with Trust Wallet.
Watch the video:
Purchase link:
https://cylum.io/app
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For more information about the Cylum project
Website: https://cylum.finance/
Twitter: https://twitter.com/cylumfinance
Telegram: https://t.me/cylumfinance
Medium: https://cylumfinance.medium.com/
Github: https://github.com/cylumfinance
Coinmarketcap: https://coinmarketcap.com/currencies/cylum-finance/
#CYM #CylumFinance #AutoStaking #Compounding #BurningProtocol
AUTHOR
Bitcointalk Username: johnwallet201
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2285224
My BSC Wallet Address (BEP-20): 0xC12c4ce6f433C2b39494aE9460055E76D828e34c
POA. https://bitcointalk.org/index.php?topic=5397406.msg60204980#msg60204980