CyberConnect (CYBER) is a decentralized social media platform where users have complete control over their data and content. This platform offers an interoperable social media experience with Blockchain technology. The CYBER coin serves as the governance token of the ecosystem, allowing users to participate in the platform’s management. CyberConnect aims to expand to over 120 dApps and attract 3 million CyberAccount holders by the end of 2024. In this article, we will discuss what CyberConnect (CYBER) is and how to purchase it with TRY.
What is CyberConnect (CYBER)?
CyberConnect is a decentralized social media platform that empowers users and content creators by granting them full control and ownership of their data and content. By utilizing Blockchain technology, CyberConnect creates a self-sovereign and interoperable social media experience, enabling seamless interactions and empowering developers to build various applications within its ecosystem.
The concept of decentralized social media (DeSoc) aims to foster an open, fair, and censorship-free environment. Traditional social media platforms are often centralized, leading to issues such as censorship and profit-driven content moderation. CyberConnect seeks to overcome these limitations by providing a decentralized platform aligned with the principles of freedom of expression and user ownership, leveraging advancements in Web3 and Blockchain technology.
CyberConnect’s ecosystem includes innovative features such as CyberAccount, CyberGraph, and Cyber L2. CyberAccount is an ERC-4337 compliant smart contract wallet solution that offers a seamless onboarding experience for users and allows them to create decentralized digital identities through NFTs. CyberGraph is a set of smart contracts that link user identities to their content and social connections, recording this data across multiple Blockchains. Cyber L2 is a modular Ethereum Layer 2 solution optimized for social applications, providing scalability and mass adoption.
The decentralized structure of CyberConnect ensures that users have full control over their data, which can only be accessed by developers with user consent. This approach promotes self-sovereignty, interoperability, composability, programmability, and scalability, addressing common issues seen in centralized social media platforms, such as data control, censorship, limited creative compensation, and restricted innovation.
CYBER coin, with a total supply of 100 million, serves as the mainnet asset and governance token of the CyberConnect ecosystem. It plays various roles, including facilitating governance by voting on improvement proposals, minting unique CyberIDs, acting as gas credit for transactions, and securing the Cyber L2 network. The integration of the token ensures that the platform remains user-centric and decentralized.
CyberConnect hosts 35 projects within its ecosystem, including Link3, Phaver, and Mocaverse. Link3 focuses on communication based on verified identities and value, Phaver rewards users for quality content, and Mocaverse serves as a membership card for Animoca Brands’ projects. Moving forward, CyberConnect plans to launch the Ethereum L2 mainnet, introduce Cyber Staking, expand to over 120 ecosystem dApps, and onboard over 3 million CyberAccount holders by the end of 2024. Additionally, it plans to launch a grant program to support developer participation and ecosystem development.
How to Buy CyberConnect (CYBER) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy CyberConnect (CYBER). On Binance TR, where you can quickly create an account, you can buy and sell over 100 cryptocurrencies, including CYBER. To buy CyberConnect (CYBER) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. You need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or through the official Binance TR website. Note that you will need your mobile phone for identity verification from the website as well.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the dropdown menu, and then click on “Verify”. After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that is suitable for you.
After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible once the camera opens.
After completing all these steps correctly and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com and hover over the “Wallet” option at the top left of the homepage, then click on the “Deposit” option from the dropdown menu.
Then a page like the one below will open, and you can continue with the deposit process by selecting the bank you prefer. If the bank you prefer is not yet integrated with Binance TR, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information shown on the page of the bank you prefer to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy CYBER Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of buying CYBER coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. In the search section on the right side of this page, type “CYBER” and click on the CYBER/TRY option from the results to go to the CYBER purchase page with TL.
Now the CYBER trading page will open as shown below. In this page, you need to enter the price at which you want to buy CYBER in the first box marked with a red box and the number of CYBER you want to buy in the second box. After entering the amount, you can complete your purchase by clicking on the “Buy CYBER” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
