CyberConnect (CYBER) is a decentralized social media platform that provides users with complete control over their data and content. By utilizing Blockchain technology, CyberConnect offers an interoperable social media experience. The platform’s governance token, CYBER coin, enables users to participate in the management of the platform. CyberConnect aims to expand its reach by launching the Ethereum L2 mainnet, increasing the number of dApps to over 120, and attracting 3 million CyberAccount holders by the end of 2024. This article will answer two common questions: what is CyberConnect (CYBER) and how can you purchase it with TRY.
Table of Contents
1. What is CyberConnect (CYBER)?
2. How to Buy CyberConnect (CYBER) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy CYBER Coin with TL on Binance TR?
7. What is Binance TR?
8. What is CyberConnect (CYBER)?
What is CyberConnect (CYBER)?
CyberConnect is a decentralized social media platform that aims to address the issues associated with centralized social media platforms. It gives users and content creators full control and ownership of their data and content. Through the use of Blockchain technology, CyberConnect creates a self-sovereign and interoperable social media experience, enabling seamless interactions and empowering developers to build various applications within its ecosystem. For the latest financial and business news, visit COINTURK FINANCE.
The concept of decentralized social media (DeSoc) aims to create an open, fair, and censorship-free environment. Traditional social media platforms that are centralized often face problems such as censorship and content moderation driven by profit. CyberConnect aims to overcome these limitations by providing a decentralized platform that aligns with the principles of freedom of expression and user ownership. This is made possible through advancements in Web3 and Blockchain technology.
CyberConnect’s ecosystem includes innovative features such as CyberAccount, CyberGraph, and Cyber L2. CyberAccount is a smart contract wallet solution that complies with ERC-4337 standards. It offers a seamless onboarding experience for users and allows them to create decentralized digital identities through NFTs. CyberGraph consists of smart contracts that link user identities to their content and social connections. This data is recorded across multiple Blockchains. Cyber L2 is a modular Ethereum Layer 2 solution optimized for social applications, providing scalability and facilitating mass adoption.
The decentralized structure of CyberConnect ensures that users have full control over their data, which can only be accessed by developers with user consent. This approach promotes self-sovereignty, interoperability, composability, programmability, and scalability. By providing these features, CyberConnect addresses common issues seen in centralized social media platforms, such as data control, censorship, limited creative compensation, and restricted innovation.
CYBER coin is the mainnet asset and governance token of the CyberConnect ecosystem. It has a total supply of 100 million coins. The token plays various roles, including facilitating governance through voting on improvement proposals, minting unique CyberIDs, acting as gas credit for transactions, and securing the Cyber L2 network. The integration of the token ensures that the platform remains user-centric and decentralized.
CyberConnect hosts 35 projects within its ecosystem, including Link3, Phaver, and Mocaverse. Link3 focuses on communication based on verified identities and value, Phaver rewards users for quality content, and Mocaverse serves as a membership card for Animoca Brands’ projects. Moving forward, CyberConnect plans to launch the Ethereum L2 mainnet, introduce Cyber Staking, expand to over 120 ecosystem dApps, and onboard over 3 million CyberAccount holders by the end of 2024. Additionally, it plans to launch a grant program to support developer participation and ecosystem development.
How to Buy CyberConnect (CYBER) with TRY?
For investors in Turkey who want to purchase CyberConnect (CYBER), Binance TR is the most suitable cryptocurrency exchange. On Binance TR, users can quickly create an account and trade over 100 cryptocurrencies, including CYBER. To buy CyberConnect (CYBER) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a simple process. Visit trbinance.com and proceed to the “Create Account” step. In this step, you will need to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
After entering the required information accurately, your email and phone number will be verified. Once this process is complete, you will move on to the second step, which is identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification is a security measure that must be completed before engaging in cryptocurrency trading and during the account creation process. It is necessary to protect both the user and the cryptocurrency exchange. Identity verification on Binance TR can be done through your mobile phone or the official Binance TR website. Keep in mind that you will need your mobile phone for identity verification on the website as well.
On the Binance TR website, hover over the “Profile” option at the top right corner. From the dropdown menu, click on “Identity Verification and Limits” and then select “Verify”. You will be required to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you’re unable to scan the QR code, you can choose the “Copy URL” option to receive the identity verification address via SMS.
When you enter the address on your phone or scan the QR code, a screen will open on your phone. Tap on the “Identity” option to continue. You will then see a screen where you can select the appropriate document type. After selecting the document type, tap on the “Upload front side” option to continue. Take a clear photo of the front side of your ID card or driver’s license according to the selected document type. Repeat this process for the back side of the document. Ensure that the images are clear and the information is easily readable.
Next, tap on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have completed all the steps correctly, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage. From the dropdown menu, click on the “Deposit” option.
A page will open where you can select your preferred bank. If your preferred bank is not integrated with Binance TR, choose the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for other banks. When you click on Vakıfbank, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST payment. Transfer the desired amount to your Binance TR account using the provided information.
Once your bank completes the transfer process, the funds will automatically be reflected in your Binance TR account wallet.
How to Buy CYBER Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase CYBER coin with TL. Click on the “Buy-Sell” option in the top left menu on the Binance TR website.
On the following page, use the search section to find “CYBER” and click on the CYBER/TRY option to go to the CYBER purchase page with TL.
The CYBER trading page will open. Enter the price at which you want to buy CYBER in the first box and the quantity of CYBER you wish to purchase in the second box. After entering the necessary information, click on the “Buy CYBER” button to complete your purchase.
What is Binance TR?
Binance TR is a cryptocurrency exchange launched by Binance, the world’s largest cryptocurrency exchange by trading volume, specifically for investors in Turkey. It was established in 2020 and is headquartered in Istanbul. The platform can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs on Binance TR.
Users on Binance TR have access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls provided by Binance’s core functionalities.
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Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.
