Are you looking for an honest Cyclone Protocol Review? Search no more because, in this article, we will be reviewing Cyclone Protocol honestly, we will also explain how it works, its pros and cons, and everything you need to know about the platform.
Cyclone is a cross-chain, non-custodial, universal privacy-preserving protocol with decentralized governance for all Defi apps. Cyclone applies zkSNARKs to enable transactional privacy for all Defi components by breaking the on-chain link between depositor and recipient addresses.
It uses a smart contract that accepts coins/token deposits, which can be withdrawn by a different address. Whenever an asset is withdrawn from Cyclone, there is no way to link the withdrawal to the deposit for absolute privacy.
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Free coin Features
Cross-chain
Cyclone has been launched firstly on IoTeX as it is a fast and EVM-compatible blockchain with an active community. Thanks to anonymity mining and liquidity mining that properly incentive contributions to the anonymity pools, the first four anonymity pools launched got 3+ million USD TVL in a few days.
Decentralized Governance
Cyclone Protocol is governed in a decentralized way. The governance DAO lives on IoTeX blockchain while each anonymity pools live on different blockchains connected to IoTeX blockchain via bridges (such as ioTube). We estimate the governance DAO will be activated in early Q2 2021.
How to Buy the Cyclone Protocol Token
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Using PancakeSwap Wallet
- Connect your wallet to pancakeSwap
- BUY BNB from Binance
- Swap your BNB for Cyclone
Cyclone Protocol Contact Information
Just in case you have any need to contact the Cyclone Protocol team, you can do that using the social media handle below.
Cyclone Protocol Review | Is Cyclone Protocol Legit or Safe?
At the time of writing this article, we can say that Cyclone Protocol is legit and safe to use.
However, it is important to note that cryptocurrency investment is a risky business, so we advise that you invest funds you can afford to lose.
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