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.