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Cysic Network - project

Cysic Network (CYS)

Past
Total Raise: $18,000,000
Date: 01 Dec 2022 - 24 May 2024

Cysic Network is a high-performance, permissionless protocol that accelerates ZK proof generation and verification using advanced hardware acceleration. It allows users to use their hardware, both powerful and less powerful, to contribute to the protocol and earn rewards from various ZK projects. The protocol uses a dual-token model, consisting of the network token $CYS and governance token $CGT. 

Since February 17th, 2023, the project has raised a total of $18M in 2 investment rounds, with the latest being a $12M Pre-Series A funding Round led by HashKey Capital and OKX Ventures.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Cysic Network Overview

Ticker: CYS
Country: United States
Founded: 2022
Whitelist: Yes
Blockchain Network: Ethereum, Scroll, Manta
KYC: Yes
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

Cysic Network Review

Cysic Network is an EVM-compatible ZK-proof layer built on the Cosmos SDK focused on delivering a high-performance and cost-effective solution for ZK proof generation and validation. The protocol operates using the following technology stack:

  • Cysic Network offers a unified solution for zero-knowledge proof generation and verification, enabling participants with varying hardware capacities to contribute and earn rewards from diverse ZK projects.
  • Cysic has introduced the C1 chip, a zkVM-based hardware solution designed for real-time zero-knowledge proof generation. Built on this foundation, the lightweight ZK Air and high-performance ZK Pro cater to diverse ZK application needs, providing powerful computational support for ZK projects.
  • Cysic's GPU-based hardware acceleration optimizes major ZK-proof systems like Plonky2, Halo2, and Gnark, outperforming several open-source frameworks. With its in-house CUDA SDK, Cysic delivers high-performance, efficient, and user-friendly ZK-proof acceleration for top-tier projects globally.

To ensure instant finality and resilience, Cysic ZK employs the CometBFT algorithm, a BFT consensus mechanism ensuring instant finality and resilience against Byzantine faults. Network’s innovative Proof-of-Compute (PoC) model rewards provers and verifiers based on computational contributions, blending elements of PoW and PoS. Participants earn $CYS Tokens and Computing Governance (CG) credits, which can be staked to influence network consensus and governance. Find more info about Cysic blockchain infrastructure in its docs.

🪙 Cysic Token Model: Cysic operates on a dual-token model with $CYS being the native token of the network and $CGT being the governance token. 

$CYS is used to pay transaction fees, block rewards, and other network-related activities. The native token can be converted into ve-tokens, granting eligibility for consensus participation and governance to uphold the integrity and security of the Cysic Network. Meanwhile, $CGT can be obtained by staking $CYS or completing computation tasks, while making the unstaking process longer than the staking one. 

On July 29th, 2024, Cysic announced its Testnet launch with a complete overview of the Cysic node program installation and configuration. As of March 2025, Phase 2 has already ended as well. Yet, the project has already confirmed Phase 3 to be active in Q2, 2025.

 

Considering the upcoming Testnet Phase 3 and investments from Tier-1 Funds, our team completely analyzed the project, revealing several pros and cons:

✅ Cysic pros:

  • Diverse network of top-tier backers (Polychain Capital, HashKey Capital, OKX Ventures);
  • Robust ecosystem of partners (Scroll, Manta);
  • High PR performance;
  • Above-average SMM and SEO score.

❌ Cysic cons:

  • Below-average Marketing Infrastructure and Growth Marketing performance;
  • Very low Influencer Marketing score;
  • No Security Audits. However, it is unusual for the projects in the testnet phase to conduct security audits;
  • No info on Token unlocks, Initial Circulation Supply, and FDV;
  • Team members have no experience in Top-Tier companies;

No Roadmap.
 

Cysic Network Token Economy

Total Raise: $18,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Cysic Network Token Sale (ICO & IDO) Rounds

Seed: Dec 2022 Past

Price: N/A
Tokens for sale: N/A
Raise: $6,000,000
Lock-Up: 1-year cliff, then 3 years linear vesting
Private: May 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $12,000,000
Lock-Up: 1-year cliff, then 3 years linear vesting

Cysic Network Funds and Backers
(3/7)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
35 numbers of
investment
Read More
OKX Ventures logo
OKX Ventures
Score:
29 numbers of
investment
Read More
Hashkey Capital logo
HashKey Capital
Score: High
26 numbers of
investment
Read More
View All

Cysic Network Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  01 Apr 2025 Upgrade

Cysic Network Team

Xiong (Leo) Fan
Xiong (Leo) Fan
Co-Founder
Bowen Huang
Bowen Huang
Co-Founder & CTO

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