Cycan Network(CYN) IDO Rules

The Cycan (CYN) is a decentralized cross-chain asset management platform to provide users with convenient asset management tools and diverse investment strategies to achieve the value growth of their digital asset portfolios. Cycan will be focusing on the DeFi market.

Cycan Network, our main chain, is about to conduct its IDO using the Hippo IDO platform.

There are a total of 4000 IQTs (IDO Qualification Tickets) preserved for Cycan Network TG group IDO Campaign(https://t.me/cycan_network). Out of these, 500 will be reserved for early contributors, volunteers and active members in the Cycan Network community. The balance of 3,500 IQTs can be won through a random lottery.

With each IQT, you can swap100 CYN (Cycan Network) tokens with 10 BUSD/USDT (0.10 BUSD/USDT per CYN token). Each BSC address can win multiple IQTs according to the number of HIP tokens held in each wallet at the time of the snapshot, which will be taken on 22nd July 2021.

Please follow the steps below to be eligible for the random lottery of 3,500 IQTs:

① Fill in the Google form (https://forms.gle/pdfvwvFLQ6VNwbA77)and register a BSC address holding a minimum of 1 million HIP tokens.
(The link to buy HIP on Pancake:
https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xe6ffa2e574a8bbeb5243d2109b6b11d4a459f88b)

② The number of IQT(s) won by each BSC address varies in accordance to its HIP token holdings:
1 million — 5 million Hip tokens: 1 IQT
> 5 million — 10 million Hip tokens: 2 IQTs
> 10 million — 50 million Hip tokens: 3 IQTs
> 50 million Hip tokens: 4 IQTs

There will be a lottery conducted for each of the 4 tiers. Please see the below for the number of IQTs allocated to each tier.

1 million — 5 million Hip tokens: 250 IQTs (250 Winners)
> 5 million — 10 million Hip tokens: 2200 IQTs (1100 Winners)
> 10 million — 50 million Hip tokens: 450 IQTs (150 Winners)
> 50 million Hip tokens: 600 IQTs (150 Winners)

③ Winners of the lottery can use their IQT(s) to swap CYN (Cycan Network) tokens on a designated website which will be announced nearer to or on the lottery date itself. (100 CYN tokens per IQT costs a total of 10 BUSD/USDT)

The Cycan (CYN) is a decentralized cross-chain asset management platform to provide users with convenient asset management tools and diverse investment strategies to achieve the value growth of their digital asset portfolios. Cycan will be focusing on the DeFi market.
The Everlasting Parachain (ELP), as the canary network of the Cycan Network, is a decentralized cross-chain asset management platform with the same features as Cycan but focusing on the NFT market.
The Everlasting Cash (ELC) is an anti-inflation algorithmic stablecoin on the Cycan network.
Hippo Token, the community coin for the Cycan network, will be the candy box for airdrops in Cycan community.

Web:https://www.cycan.network
Hippo web:https://hippo.cycan.network/
Twitter:https://twitter.com/CycanNetwork
Telegram: https://t.me/cycan_network
LitePaper: https://hippo.cycan.network/whitepaper/HIPPOLitePaper.pdf

HIP BSC Smart Contract Address(BEP20):
0xe6ffa2e574a8bbeb5243d2109b6b11d4a459f88b
ELP BSC Smart Contract Address(BEP20):
0xe3894cb9e92ca78524fb6a30ff072fa5e533c162
ELC W3F Grant: https://github.com/w3f/Open-Grants-Program/blob/master/applications/EverlastingCash.md

Pls watchlist us on CMC!
HIPPO: https://coinmarketcap.com/currencies/hippo-token/
ELP: https://coinmarketcap.com/currencies/the-everlasting-parachain/

Pls watchlist us on CoinGecko!
ELP: https://www.coingecko.com/en/coins/the-everlasting-parachain/

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Cycan Network

The Cycan Network (CYN) and its canary nework(ELP) are decentralized cross-chain asset management platforms on DOT and BSC networks.