Cylum Finance: A Sustainable Auto-Staking, Compounding & Burning Protocol
Introduction to Cylum Finance
Cylum is a decentralized, self-sustainable and fully transparent cryptocurrency ecosystem. This ecosystem consists of a digital exchange for trading cryptocurrencies, a blockchain for issuing new digital assets and a set of smart contracts. The ecosystem is managed by an autonomous software system that works to ensure the smooth operation of the platform and its components. The ecosystem uses a special software called Cylum Protocol to control and regulate itself, as well as to provide a range of services to its users. The Cylum Protocol is the brain of the whole ecosystem: it manages the internal economy, controls the issuance of new digital assets, performs work and distributes rewards to internal stakeholders.
Cylum is based on the principle that all of the cryptocurrencies generated in the world up until now are in fact just the beginning of a new financial system, with the potential to generate wealth for humans on a scale never before imagined. The Cylum protocol is a means to make this happen. It is a sustainable auto-staking, compounding, and burning protocol that has been designed to build wealth in the hands of the masses. The Cylum protocol will allow users to automatically compound their cryptocurrencies into a powerful wealth generating mechanism.
Cylum Token (CYM)
Cylum is a protocol for cryptocurrency investors. It is a decentralized, auto-staking, compound interest, and burn protocol that allows any crypto-investor to earn a passive income. It is not a new token or blockchain, but it is a protocol that can be deployed over any blockchain. Cylum is a new way to actively invest in the cryptocurrency market. It is a “market maker” protocol that can be deployed over any blockchain and any cryptocurrency. Cylum allows users to generate passive income, earn compound interest, and remove their coins from the market by burning them. Unlike traditional passive income methods such as staking or masternode rewards, Cylum provides compound interest on top of staking rewards. Compound interest is an investment term used to describe interest that is earned not only on the initial amount invested, but also on the accumulated interest of previous periods.
The Cylum Token, which is a compliant utility token also known as CYM, has a burning protocol which is determined by the smart contract of the Cylum Network. This is done to ensure the Coin supply is reduced and the value of the Coin is expected to increase over time. This is done by burning the tokens and distributing them to the token holders who are staking the Coin. The distribution is done on a quarterly basis. The distribution is 1% of the total circulating supply. This will help to grow the value of the Coin and it will also increase the value of the network.
Cylum is a peer-to-peer cryptocurrency exchange and trading platform built on the Ethereum blockchain. It provides a decentralized, secure, and transparent peer-to-peer platform to trade cryptocurrencies. The platform also features a unique auto-staking, compounding and burning protocol that enables traders to earn up to a 3% return on their crypto assets by staking their crypto assets and having their tokens compound every week.
How Cylum Works
Cylum is a secure and sustainable platform for cryptocurrency investment that combines the power of cryptocurrency and blockchain-based smart contracts. The concept of Cylum is to bring together a wide range of active cryptocurrency investors and the accredited investors with a goal to provide secure and most profitable investment opportunities for all Cylum users. Cylum platform has been developed to ensure the best investment experience for both sides: for investors and for active coin holders. The platform will allow users to set up their own investment strategies and mechanisms with the help of smart contracts. In addition, the Cylum platform will enable users to gain interest on their cryptocurrency assets by creating a compound effect. Another important feature of Cylum platform is its built-in, automatic, coin-burning mechanism that will increase the scarcity of the coin and will make it more valuable over time.
Cylum is a sustainable auto-staking, compounding & burning protocol created to support a decentralized financial ecosystem. The protocol runs a decentralized, autonomous, self-sustaining, self-funding, stakeholder driven, community-owned, not-for-profit, financial ecosystem that is designed to be a decentralized hub and platform for the cryptocurrency community to connect, collaborate, and Co-create. Cylum is the world’s first decentralized lending and borrowing protocol for the cryptocurrency ecosystem. It is a cross-chain solution that aims to make lending and borrowing crypto-assets easier and more secure. Cylum has developed a protocol that allows lending and borrowing of crypto assets.
Conclusion
Cylum will make it possible for everyone to store their value in a deflationary cryptocurrency that is secured by a decentralized network of masternodes. Cylum will change the world and make crypto-currency accessible to everyone. Cylum is a cryptocurrency ecosystem that combines Proof-of-Stake mining and forging with a unique auto-staking and compounding mechanism that enables Cylum to grow with no input from its users. In other words, the more you use Cylum, the more Cylum you can earn, giving you a perpetual passive income stream.
The team has been hard at work on the protocol development for Cylum. It is their top priority to ensure that the protocol is robust, secure, and reliable. They will continue to work hard until Cylum is a success, and are confident that the Cylum protocol will bring long-term value to the cryptocurrency community.
USEFUL LINKS
Website: https://cylum.finance/
Telegram: https://t.me/cylumfinance
Twitter: https://twitter.com/cylumfinance
Github: https://github.com/cylumfinance
Medium: https://cylumfinance.medium.com/
AUTHORS DETAILS
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
Proof of Authentication: https://bitcointalk.org/index.php?topic=5397406.msg60158663#msg60158663