Cysic, a zero-knowledge proof (ZK) hardware acceleration infrastructure project, has secured $18 million in funding from investors including Polychain Capital and HashKey Capital. The project aims to address ZK computation bottlenecks using ASIC and GPU hardware. Cysic employs a dual-token model with $CYS as the network payment token and $CGT as a non-transferable governance token. The total supply of $CYS is 1 billion tokens, with 16.08% (160.8 million tokens) circulating at the token generation event (TGE). Initial pricing is estimated at $0.2 to $0.5 based on a fully diluted valuation (FDV) of $200 million to $500 million. An airdrop will account for 0.6% of the total supply, with an additional 16.08% allocated for community incentives and liquidity post-TGE. The project is set to launch on multiple exchanges, including Aster.
Cysic Raises $18M for ZK Hardware Acceleration Project
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