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Cypher, founded in 2022, the on-chain payment and loyalty platform, officially launched its protocol’s native token on October 5, 2025 at 9:00 UTC. The token immediately secured listings across major centralized and decentralized exchanges, including Binance Alpha, KuCoin, and Aerodrome Finance (Base’s leading DEX).
The token started trending #1 on Dexscreener shortly after its launch on the Base network. These high-profile listings are intended to provide immediate liquidity and global accessibility for users, with more exchange partnerships anticipated in the coming weeks.
“Cypher is creating the WhatsApp moment for consumer financial apps. For too long, loyalty has been locked into expiring points and restricted programs. With Cypher, brands can deliver rewards directly on-chain, offering users ownership and seamless crypto spending,” said Kube, CEO of Cypher and former Risk Engineering Lead at Coinbase.
Cypher is backed by investors including Y Combinator, Samsung Next, Coinbase Ventures, and angel investor Balaji Srinivasan. Their involvement underscores confidence in Cypher’s mission to transform payments and loyalty through blockchain-based infrastructure.
Cypher has attracted a community of more than 100,000 users across 120+ countries, reflecting demand for non-custodial, crypto-integrated payments that align with everyday spending habits.
At the core of Cypher’s ecosystem is the Non-custodial wallet with Cypher Card, which has been live for over 3+ years and is specifically designed to facilitate everyday crypto and stablecoin spending.
Key features:
Globally, more than $1 trillion in loyalty value remains unredeemed, due to fragmentation, expirations and restrictions. Traditional credit card points, airline miles, and retail rewards are largely locked within centralized systems, limiting true consumer ownership. Cypher Protocol seeks to address this by combining real-world payments with blockchain-based incentives, Cypher turns everyday transactions into crypto-native engagement opportunities.
The token is designed to power a robust rewards ecosystem, offering multiple avenues for users to earn and benefit.
For Cypher card holders:
Users can sign up and issue a virtual card within a few minutes.
For token holders:
(Note: Referral codes are open to everyone, regardless of whether they hold a Cypher Card)This incentive structure allows engaged card users and token holders to maximize their cashback. By actively using the card and participating in governance, users can potentially earn up to 35% cashback in rewards.
Cypher’s economic design is built around a Flywheel Effect, a self-reinforcing cycle that fuels long-term growth by aligning consumers, brands, and token holders.
This loop ensures that every transaction strengthens the ecosystem turning everyday spending into a powerful growth engine. Unlike traditional reward programs that rely on short-term incentives, Cypher’s model is sustainable, user-owned, and built to scale globally.
The total supply is hard-capped at 1 billion tokens, designed to preserve long-term value. 8.5% of the total supply has been airdropped to early community users to promote broad adoption. 10% of the airdropped amount is automatically locked as veCYPR for 2 years to incentivize immediate participation in protocol governance (voting).The total allocation for the Team and Investors are fully locked and inaccessible for the first year followed by a 3-year linear vesting schedule, ensuring long-term alignment with the success of the protocol.
Cypher Protocol envisions a financial future where users maintain control of their assets while merchants issue tokenized incentives natively on-chain. By leveraging the stability of stablecoins for payments, Cypher removes the primary barrier to mainstream crypto adoption.
“Cypher is about empowering consumers, brands, and merchants. We aim to make crypto not just an investment but a practical tool for everyday spending,” – Kube, CEO of Cypher.
Cypher is building the payments and loyalty infrastructure for the decentralized web. Backed by top-tier investors including Y Combinator and Coinbase Ventures, Cypher is pioneering a seamless and secure method for global crypto and stablecoin spending through the Cypher Card. By tokenizing consumer loyalty with its native asset, Cypher enables users to earn and govern their rewards on-chain, effectively transforming the traditional $1 Trillion loyalty market into a transparent, user-owned economy. The company is committed to bringing institutional-grade security and mainstream usability to decentralized finance.The official token contract address on Base mainnet ishttps://basescan.org/token/0xd262a4c7108c8139b2b189758e8d17c3dfc91a38Please note that the token is listed only on Base network. Website: https://cypherhq.ioTwitter/X: @Cypher_HQ_Cypher protocol: https://cypherhq.io/cypr/Discord: https://discord.gg/Gem44QqRYJ
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