CyberConnect (CYBER) is a decentralized social media platform that provides users with complete control over their data and content. It offers an interoperable social media experience by leveraging Blockchain technology. The CYBER coin serves as the governance token of the platform, giving users a voice in its management. CyberConnect aims to expand its reach by launching the Ethereum L2 mainnet, increasing its 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 to 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?
What is CyberConnect (CYBER)?
CyberConnect is a decentralized social media platform that addresses the shortcomings of centralized social media by giving users and content creators full control and ownership of their data and content. It utilizes Blockchain technology to create 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.
Decentralized social media (DeSoc) aims to establish an open, fair, and censorship-free environment. Traditional social media platforms, which are centralized, often face issues like censorship and profit-driven content moderation. CyberConnect aims to overcome these limitations by offering a decentralized platform that upholds the principles of freedom of expression and user ownership, utilizing 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 compliant with ERC-4337, providing a seamless onboarding experience and allowing users to create decentralized digital identities through NFTs. CyberGraph consists of smart contracts that link user identities to their content and social connections, recording this data across multiple Blockchains. Cyber L2 is a modular Ethereum Layer 2 solution optimized for social applications, ensuring scalability and 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 offering 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, with a total supply of 100 million, is the mainnet asset and governance token of the CyberConnect ecosystem. It 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 currently 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 its ecosystem to over 120 dApps, and onboard more than 3 million CyberAccount holders by the end of 2024. It also intends to launch a grant program to support developer participation and ecosystem development.
How to Buy CyberConnect (CYBER) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who wish to purchase CyberConnect (CYBER). On Binance TR, you can easily create an account and trade over 100 cryptocurrencies, including CYBER. To buy 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 simple. Visit trbinance.com and proceed from the “Create Account” step. In the first step, you will need to provide basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the required information accurately, your email/sms verification will be conducted to confirm the details. Once this process is complete, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading or during account creation. You can perform the verification process using your phone or through the official Binance TR website. Please note 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, click on “Identity Verification and Limits” in the dropdown menu, and then select “Verify”. After this step, you will need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your phone.
When you enter the address on your phone or scan the QR code, a screen similar to the one below will open. From here, tap on the “Identity” option to proceed.
Then, a screen like the one below will appear. To continue with the verification process, select the appropriate document type.
After selecting the document type, tap on the “Upload front side” option to continue. Take a photo of the front side of your document according to the selected document type, and then tap on the “Upload back side” option to take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photo is easily readable when capturing photos of your ID card or driver’s license.
Next, tap on the “Selfie” option to continue. Your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible once the camera is open.
Once you have completed all these steps accurately, 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 any bank. You can deposit and trade 24/7 using accounts from 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. Then, click on the “Deposit” option from the dropdown menu.
A page like the one below will open, and you can proceed with the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, click on the “Other Banks” option to continue.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Use the information shown on the page of your preferred bank to transfer the desired amount to your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent 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 buy CYBER coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, you will be directed to the following page. In the search section on the right side of the page, type “CYBER” and click on the CYBER/TRY option from the results to go to the CYBER purchase page with TL.
Now, the CYBER trading page will open. In this page, enter the price at which you want to buy CYBER in the first box marked with a red box, and enter the number of CYBER coins you want to purchase in the second box. After entering the amount, complete your purchase by clicking on the “Buy CYBER” button.
What is Binance TR?
Binance TR is the official cryptocurrency exchange platform of Binance, the world’s largest cryptocurrency exchange by trading volume. It was launched in 2020 specifically for cryptocurrency investors in Turkey. Based in Istanbul, Binance TR can be accessed at trbinance.com.
Binance TR provides both fiat-to-crypto and crypto-to-crypto trading services, utilizing Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
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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.
