CYPH Launch
The CYPH Fair-Launch sale marks the second stage of the launch sequence. It introduces the CYPH token through a fixed-price sale designed to reward early community participants who provided liquidity and traded during Genesis.
This sale model ensures a fair and transparent token distribution, with no private or VC allocations.
📅 When
Early December
The Fair-Launch sale will run for a limited time before CYPH becomes tradeable.
It will take place around the 11th–12th of December.
Total duration: 2 days
- Day 1: Whitelist-only
- Day 2: Public
Sale Model
- Type: Fixed-price sale
- Valuation: $1.5M raise for $15M FDV
- Allocation: 10% of total CYPH supply
- Access: Whitelist-based
Whitelist access is reserved for users who earned eligibility through Genesis activity (first 4 weeks), including both liquidity provision and trading on eligible pairs. Eligibility is determined by accumulated points and leaderboard performance.
A portion of the overall whitelist will also be allocated to xGRAIL holders.
Purpose
The Fair-Launch sale gives Cypher’s earliest contributors the first opportunity to acquire CYPH on fair and equal terms.
By limiting participation to active Genesis participants, the sale directly rewards those who helped bootstrap liquidity and volume on the protocol.
Stages
Whitelist Stage (Day 1)
- Allocation based on leaderboard position at the end of epoch #4
- The whitelist stage will be potentially oversubscribed
- If fully filled, it would equal ~$4M of potential buys for a $1.5M raise
- Meaning whitelist gives priority, but not a guaranteed allocation
Public Stage (Day 2)
- Any remaining allocation opens to the public
- Same fixed price
Distribution
- 10% of total $CYPH supply allocated
- 2/3 in CYPH, 1/3 in xCYPH, claimable at TGE
- Distribution and claim process handled fully on-chain for transparency and security
⚡ The Fair-Launch sale establishes a fair, community-first token distribution - rewarding early liquidity providers and traders who helped shape the foundation of Cypher.