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Y Combinator and Coinbase Venture Backed Cypher Protocol Unlocks On-Chain Payments and Rewards to the Mainstream 

Cypher, based in 2022, the on-chain fee and loyalty platform, formally launched its protocol’s native token on October 5, 2025 at 9:00 UTC. The token instantly secured listings throughout main centralized and decentralized exchanges, together with Binance Alpha, KuCoin, and Aerodrome Finance (Base’s main DEX).

The token began trending #1 on Dexscreener shortly after its launch on the Base community. These high-profile listings are meant to present speedy liquidity and international accessibility for customers, with extra trade partnerships anticipated in the coming weeks. 

“Cypher is creating the WhatsApp second for shopper monetary apps. For too lengthy, loyalty has been locked into expiring factors and restricted applications. With Cypher, manufacturers can ship rewards immediately on-chain, providing customers possession and seamless crypto spending,” mentioned Kube, CEO of Cypher and former Risk Engineering Lead at Coinbase.

Backed By Leading Global Investors

Cypher is backed by buyers together with Y Combinator, Samsung Next, Coinbase Ventures, and angel investor Balaji Srinivasan. Their involvement underscores confidence in Cypher’s mission to remodel funds and loyalty by way of blockchain-based infrastructure.

Cypher has attracted a group of greater than 100,000 customers throughout 120+ nations, reflecting demand for non-custodial, crypto-integrated funds that align with on a regular basis spending habits.

Introducing The Cypher Card

At the core of Cypher’s ecosystem is the Non-custodial pockets with Cypher Card, which has been stay for over 3+ years and is particularly designed to facilitate on a regular basis crypto and stablecoin spending. 

Key options:

  • Non-custodial by design – Users can hyperlink any self-custodied wallets to use the card whereas sustaining possession of their funds. Users topup their playing cards immediately from their stablecoin balances (e.g., USDC, DAI), treating them like a digital greenback.
  • Multi-chain help and broader acceptance – Cypher Card can be utilized globally – wherever Visa is accepted. Supports 15+ blockchain corresponding to Ethereum, Solana, Hyperliquid, cosmos and so on..This allows customers to spend their crypto and stablecoins from any supported chain seamlessly in the actual world.
  • Instant digital card – Upon signup, customers get instantaneous entry to digital playing cards, with the choice to get bodily playing cards as effectively 
  • On-chain rewards – Earn CYPR tokens with each buy, with boosted rewards at chosen retailers by way of Cypher protocol.
  • Enhanced controls – Users can lock/unlock their playing cards, regulate the spending limits in just a few clicks, and set country-level restrictions.
  • Premium tier – presents an unique Metal Card with zero foreign exchange markup and increased month-to-month limits for a really elevated expertise

Market Opportunity

Globally, greater than $1 trillion in loyalty worth stays unredeemed, due to fragmentation, expirations and restrictions. Traditional bank card factors, airline miles, and retail rewards are largely locked inside centralized programs, limiting true shopper possession. Cypher Protocol seeks to deal with this by combining real-world funds with blockchain-based incentives, Cypher turns on a regular basis transactions into crypto-native engagement alternatives.

Cypher’s Flywheel: Maximizing rewards

The  token is designed to energy a strong rewards ecosystem, providing a number of avenues for customers to earn and profit.

For Cypher card holders: 

  • Signup bonus rewards when signing up for the card
  • Earnings purchases made with the card 
  • Extra rewards when purchasing with prime chosen (voted) associate manufacturers
  • Referral rewards for inviting new card customers who full a minimum of 1 transaction 

Users can sign up and subject a digital card inside a couple of minutes. 

For token holders: 

  • CYPR token will be locked to obtain veCYPR 
  • Users can vote for his or her favorite manufacturers (like Amazon, Uber, and so on.) to determine which of them obtain new CYPR emission each 2 weeks, and earn USDC model rewards (“bribes”) for his or her votes
  • Referral rewards when a referral indicators up and completes their 1st transaction, in addition to further referral rewards for spending on the merchandise of the manufacturers a the referring person voted for

(Note: Referral codes are open to everybody, no matter whether or not they maintain a Cypher Card)

This incentive construction permits engaged card customers and token holders to maximize their cashback. By actively utilizing the card and taking part in governance, customers can doubtlessly earn up to 35% cashback in rewards.

Cypr Token Utility 

Cypher’s financial design is constructed round a Flywheel Effect, a self-reinforcing cycle that fuels long-term progress by aligning shoppers, manufacturers, and token holders.

This loop ensures that each transaction strengthens the ecosystem turning on a regular basis spending into a robust progress engine. Unlike conventional reward applications that depend on short-term incentives, Cypher’s mannequin is sustainable, user-owned, and constructed to scale globally.

The complete provide is hard-capped at 1 billion tokens, designed to protect long-term worth. 8.5% of the complete provide has been airdropped to early group customers to promote broad adoption. 10% of the airdropped quantity is robotically locked as veCYPR for two years to incentivize speedy participation in protocol governance (voting).

The complete allocation for the Team and Investors are absolutely locked and inaccessible for the first 12 months  adopted by a 3-year linear vesting schedule, making certain long-term alignment with the success of the protocol. 

About Cypher Protocol 

Cypher Protocol envisions a monetary future the place customers keep management of their belongings whereas retailers subject tokenized incentives natively on-chain. By leveraging the stability of stablecoins for funds, Cypher removes the main barrier to mainstream crypto adoption.

“Cypher is about empowering shoppers, manufacturers, and retailers. We intention to make crypto not simply an funding however a sensible device for on a regular basis spending,” – Kube, CEO of Cypher. 

About Cypher  

Cypher is constructing the funds and loyalty infrastructure for the decentralized net. Backed by top-tier buyers together with Y Combinator and Coinbase Ventures, Cypher is pioneering a seamless and safe technique for international crypto and stablecoin spending by way of the Cypher Card. By tokenizing shopper loyalty with its native asset, Cypher allows customers to earn and govern their rewards on-chain, successfully remodeling the conventional $1 Trillion loyalty market right into a clear, user-owned economic system. The firm is dedicated to bringing institutional-grade safety and mainstream usability to decentralized finance.

The official  token contract deal with on Base mainnet is
https://basescan.org/token/0xd262a4c7108c8139b2b189758e8d17c3dfc91a38
Please be aware that the token is listed solely on Base community. Website: https://cypherhq.io
Twitter/X: @Cypher_HQ_
Cypher protocol: https://cypherhq.io/cypr/
Discord: https://discord.gg/Gem44QqRYJ

The submit Y Combinator and Coinbase Venture Backed Cypher Protocol Unlocks On-Chain Payments and Rewards to the Mainstream  appeared first on BeInCrypto.

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