Background

Cyclone is the leading #PriFi protocol that offers cross-chain + zkSNARKs-based privacy, with yield enhancement, governed by the decentralized DAO. Cyclone Protocol is fueled by the CYC token, designed to incentivize anonymity providers, liquidity providers, and users. CYC is NOT pre-mined or pre-allocated to the team/investors, but fair launched to the community.

Proposal

This proposal caps the total supply of CYC to 50,000 permanently, across all blockchains. CYC tokens are produced through liquidity mining and anonymity mining, until total supply is reached.

The Vote

This proposal needs to be approved via a vote by the community before execution.

Discussion

The discussion of this proposal is here - https://forum.cyclone.xyz/t/proposal-permanently-cap-total-supply-of-cyc-to-50-000/32