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