Cycan Network

Cycan Network

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The Cycan Network (CYN) is a decentralized cross-chain asset management platform that provides users with convenient asset management tools and diverse investment strategies to achieve value growth for their digital asset portfolios. Cycan is focused on the DeFi market and will be deployed on Kusama, BSC networks and other public chains.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • DODO (BSC)
    ELP/0X55D398326F99059FF775485246999027B3197955 2 one year ago
    $ 0.5294
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  • PancakeSwap (v2)
    ELP/USDT 2 one year ago
    $ 0.8119
    $ 66.739 K
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    -
To be announced
Additional Details
Categories
Platform

About Cycan Network

Cycan network (CYA) is an isomorphic parachain based on the Polkadot network, and Everlasting parachain (ELP), the canary network of the Cycan network, is the isomorphic parachain based on the Kusama, which is also known as the Polkadot’s canary network. Its vision is to build a decentralized autonomous trust(DAT) protocol for everyone. Everlasting Cash (ELC) will be playing an significant role in the Cycan ecosystem as the stablecoin, and connected to the Polkadot ecosystem. The Everlasting Parachain (ELP) is a parallel chain based on the Polkadot protocol, aiming to build a decentralized algorithm-based digital stablecoin ELC (Everlasting Coin), with a stable target pricing of one U.S. dollar for each ELC, in the future, the ELCaim (pegged rate) will be continuously adjusted and stabilized by the antiinflation factor (K), forming an anti-inflation algorithmic stablecoin mechanism using Substrate.

Features

1. Cycan is a decentralized cross-chain asset management platform that is not confined to any particular network.

2. Cycan does not charge any protocol or management fees and it uses multiple decentralized fund liquidity mining mechanisms to distribute rewards to participants making it more user-oriented and diversified.

3. Cycan has the first stablecoin that possesses three functions: medium of exchange, unit of account, and store of value.

4. Cycan bridges allow bilateral cross chain contract calling between the EVM and WASM.

Cycan Network Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

David Fergusson
The Executive Managing Director
unverified
Brice Millera
Team member
unverified
Benoit Lavorata
Team member
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Toby Lewis
Advisor
unverified
Charlie
Advisor
unverified

Cycan Network Last News

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