Binance Alpha Users Can Claim CYPR with Alpha Points

TL;DR

Binance Alpha will launch Cypher (CYPR) on October 5 with eligible users claiming airdrops via Binance Alpha Points. Details on rewards, distribution, claim cost, and confirmation deadlines remain unspecified. CryptoRank’s funding information is unavailable, and updates will follow on Binance’s channels.

Binance Launches Cypher Trading on October 5

Binance Alpha is set to feature Cypher (CYPR) on October 5. Trading and airdrop claims commence on this date, marking the platform’s first introduction of the CYPR token.

Eligible users can participate using Binance Alpha Points on the Alpha Events page. Details on token quantities, distribution methods, and claim costs have yet to be specified.

Eligibility criteria may evolve; however, specifics about how and when these thresholds might change are not yet announced, leaving prospective participants awaiting further guidance.

Information on a confirmation deadline and potential consequences for not confirming, such as claims being voided, has not been disclosed. Users are advised to monitor Binance’s official channels for updates.

What Is Cypher (CYPR)?

Cypher, a cryptocurrency, launched on April 11, 2015. While initially released on its own platform, additional expansions to various explorers, such as CryptoBe, have occurred.

Cypher serves as the backbone of its ecosystem, functioning mainly in digital transactions. It boasts a total supply of 6,365,284.67510838 CYP, facilitating exchanges and payments.