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Understanding CyberCrowdCoin: What You Need to Know

6 lut 2024 Czas czytania: 7 min
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The native token of the CyberCrowdCoin ecosystem is CCROWD, with a total supply of 1 billion.

CCROWD is primarily used for governance, payment, incentives, and collateral within the ecosystem.

What is CyberCrowdCoin

CyberCrowdCoin is a decentralized Web3 collaboration platform designed to change traditional collaboration models and create a new digital ecosystem. It leads the future of the digital economy by closely connecting all participants, facilitating the sharing of knowledge, resources, and value, and fostering a lasting and meaningful collaborative experience for organizations and users.

How CyberCrowdCoin works

The infrastructure layer of CyberCrowdCoin includes the Web2 aggregation system, the Web3 aggregation system, cross-chain/cross-layer technology, the smart contract library, and modular blockchain technology.

Web2 aggregation system: It plays a crucial bridging role on the CyberCrowdCoin platform by integrating web resources in the Web2 space and providing interfaces and interoperability for Web3.

Web aggregation system: The CyberCrowdCoin Collaboration Protocol is the core protocol in the CyberCrowdCoin platform, serving not only as an ordinary protocol but also as a highly intelligent, fully collaborative infrastructure that provides robust support for the platform’s functionalities and services.

Cross-chain/cross-layer technology: With advanced cross-chain technology, CyberCrowdCoin enables seamless interoperability between Layer 1 public chains and Layer 2, significantly improving cross-chain efficiency. This capability of cross-chain interactions greatly enhances the liquidity and availability of digital assets while strengthening synergy among different blockchain networks.

Smart contract library: Within the CyberCrowdCoin platform, the collaborative DAO is the core mechanism for decentralized governance, offering a way for users to participate in important matters such as community governance, decision-making rules, and resource input. To meet the governance needs of DAOs of different sizes, the collaborative DAO adopts an infinite multi-layer DAO tree and task tree structure.

Modular blockchain technology: At the infrastructure layer of CyberCrowdCoin, modular blockchain technology is a key technical support for the entire stack, bringing high flexibility and scalability to the system. It allows the platform to adapt to the complex requirements of large-scale collaboration scenarios, empowering users with efficient operation and decentralized collaboration capabilities.

System protocol layer: In CyberCrowdCoin’s system protocol layer, several key components and protocols work together to support the platform’s functionalities and services, achieving decentralized collaboration and value exchange. This layer includes the collaboration protocol, data protocol, transaction protocol, and aggregation protocol. Specifically, the data protocol ensures the operation and privacy of digital assets, the transaction protocol supports various transaction types, and the aggregation protocol integrates Web2 and Web3. Additionally, the protocol layer contains multiple sub-protocols, enriching the system with diverse functionalities and services.

Platform application layer: CyberCrowdCoin’s decentralized collaboration protocol has given rise to various decentralized collaboration scenarios, such as decentralized classified ads platforms, decentralized B2B collaboration platforms, decentralized social e-commerce companies, and decentralized direct marketing platforms. By connecting innovators, participants, and value creators, CyberCrowdCoin is creating more opportunities and room for development for users worldwide.

Products and advantages of CyberCrowdCoin

There are several application products in the CyberCrowdCoin ecosystem, such as decentralized classified ads platforms, decentralized B2B collaboration platforms, decentralized social e-commerce, decentralized direct marketing platforms, collaboration business platforms, decentralized crowd-creation/crowdsourcing/funding platforms, DeFi, and decentralized network charity.

Decentralized classified ads platforms: There are no intermediaries on CyberCrowdCoin, allowing everyone to quickly create and run their own classified advertising site. This may lead to a new model of exchanging goods, ideas, and creative products, enabling users to connect directly without having to pay a price difference, achieving more autonomous and flexible transactions.

Decentralized B2B collaboration platforms: Leveraging CyberCrowdCoin’s synergistic protocol, decentralized collaborative e-commerce, and transaction protocol, B2B platforms are no longer limited to information display and trading. Supply and demand can be efficiently aggregated to create a synergistic ecosystem along the industry chain, stimulating more innovation and cooperation and thereby improving the overall efficiency of the industry chain.

Decentralized social e-commerce: The combination of collaborative e-commerce and crowdsourcing empowers every user with the opportunity to become a distributor. With the mechanism of crowd creation, collective wisdom will drive communication solutions to a climax, encouraging universal participation in communication and accelerating product promotion and market expansion.

Decentralized direct marketing platforms: CyberCrowdCoin’s coordinated DAO, collaborative tasks, and crowdsourcing mechanisms provide solutions for direct sales and multi-level distribution. This enhances asset security and lowers transaction fees compared to traditional modes, making direct sales more fair and transparent.

Collaboration business platforms: CyberCrowdCoin’s collaboration protocol and coordinated DAO make it possible to collaborate and innovate between different organizations. With a rich set of collaboration tools, anyone can build their collaboration business platforms to speed up business process and project management, facilitating more collaboration and business development.

Decentralized crowd-creation/crowdsourcing/funding platforms: Crowd creation, crowdsourcing, and funding are seamlessly integrated through CyberCrowdCoin’s decentralized and synergistic mechanism. Such a comprehensive platform can support collaborative innovation and fundraising at a large scale and facilitate extensive engagement in addressing significant issues.

Decentralized Finance (DeFi): The CyberCrowdCoin protocol provides robust support for decentralized financial services and bring together various DeFi, SocialFi, and GameFi services. Investors can fully access and invest in various DeFi products on CyberCrowdCoin. This lowers the threshold for financial services, increasing participation in financial innovation.

Decentralized network charity: Thanks to CyberCrowdCoin’s decentralized and synergistic mechanism, charity and poverty alleviation will become more efficient and transparent. Through crowd creation, crowdsourcing, and funding, charity projects are decentralized, allowing beneficiaries to collaborate in creation to gain a sustainable source of income and fulfill their value.

Overall, the CyberCrowdCoin collaboration platform boasts numerous advantages. Users have absolute control over their data; smart contracts ensure that transactions and decisions in collaboration are automated and intermediary-free, reducing potential trust issues and risks; CyberCrowdCoin serves as a globally open ecosystem that provides users and organizations with a borderless collaboration space; CyberCrowdCoin will enhance collaboration efficiency while reducing intermediary costs. Additionally, CyberCrowdCoin’s decentralized governance structure will encourage community engagement and innovation, making the platform healthier and sustainable.

Token mechanism of CyberCrowdCoin

The native token of the CyberCrowdCoin ecosystem is CyberCrowdCoin (CCROWD), with a total supply of 1 billion. CCROWD is primarily used for governance, payment, incentives, and collateral within the ecosystem. CyberCrowdCoin generates revenue by charging transaction fees and protocol usage fees. Transaction fees include DeFi transaction fees, NFT transaction fees, data usage fees, and data transaction fees. To use the products or services provided by CyberCrowdCoin, you need to pay protocol usage fees, which are proportionally distributed to authorized developers, product developers, and the platform.

CyberCrowdCoin’s protocol governance is divided into two types: CyberCrowdCoin protocol DAO and task DAO. The protocol DAO is used to decide on major matters related to CyberCrowdCoin protocols. Task DAOs are created to govern each collaborative task, and they are managed by the top 100 CCROWD holders.

The bottom line

As a Web3 collaboration platform, CyberCrowdCoin transforms traditional collaboration models and creates an innovative digital ecosystem. The platform has given rise to various application products, such as decentralized classified ads platforms, decentralized B2B collaboration platforms, decentralized social e-commerce, decentralized direct marketing platforms, collaboration business platforms, decentralized crowd-creation/crowdsourcing/funding platforms, DeFi, and decentralized network charity. CCROWD plays a pivotal role in the CyberCrowdCoin ecosystem. It can be used for governance, payment, incentives, and collateral, showcasing strong practical value.

The post first appeared on HTX Square.

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