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What Is Cirus Foundation (CIRUS) Crypto?
Cirus Foundation aims to help users monetize their data by creating a platform that allows users to sell their data directly to data purchasers. The Cirus ecosystem includes an elaborate software system that takes user-authorized data and pipes it through various channels designed to provide value to data miners and the user.
Users can choose which data to share and what to keep private, allowing them to monetize only the data they are comfortable with sharing. The device also functions as a full-featured WiFi router, ensuring it can be used even when data monetization isn't a priority.
Cirus Foundation is also dedicated to providing a more fair and rewarding online experience for users, making it a vital platform for the development of Web 3.0. Cirus incorporates a range of unique features that help users better monetize their data.
CIRUS, an ERC-20 token issued on Ethereum, is the utility token of the Cirus ecosystem. It is used to provide benefits and perks to token holders and serves various purposes, including staking, governance, and accessing exclusive features on the Cirus platform.
How Does Cirus Foundation Work?
The Cirus Foundation is a multi-layered solution that enables users to unlock true ownership of their largest digital asset, data. The platform combines hardware, software, and a tokenized ecosystem to provide users with a more fair and rewarding online experience.
The Cirus platform is centered around the Cirus hardware solution, a proprietary WiFi router. This hardware allows users to easily secure and capture data from their connected devices and to share data within the Cirus ecosystem.
Users can choose which data to share and what to keep private, allowing them to monetize only the data they are comfortable sharing. If the shared data is monetized, it generates passive income for the owners. The device also functions as a full-featured WiFi router, ensuring it can be used even when data monetization is not a priority.
When users stake their tokens, 15% is contributed to the Cirus Ecosystem. Users will earn staking rewards on the remaining 85% of Cirus Support.
History of Cirus Foundation
The Cirus Foundation was founded in February 2021 by three individuals: Daniel Bland, Michael Luckhoo, and Samartha Raghava Nagabhushanam. The project's IDO launched via two launchpads in August 2021.
In July 2021, Cirus Foundation closed a successful strategic funding round, receiving support from several known investors such as JUN Capital, MANTRA DAO, KosmosVC, Insignius Capital, AU21, and more. The project came out of the stealth mode it operated under, with its website going live in May 2021.
The Cirus web extension was made available for download worldwide on December 24, 2021. The beta phase of the project was concluded in H2 2022.
As of May 2023, key focus areas in the Cirus roadmap for the year include integration of Cirus Wallet with Web3 Labs, opening Cirus to beta users, and a sovereign data storage partnership announcement. Other milestones expected through H2 2023 include a full public launch, the rollout of new features in Cirus Wallet, the beta launch of the Cirus mobile app, and more.
Answers
Is Cirus Foundation (CIRUS) a Good Investment?
Cirus Foundation is an intriguing crypto asset to consider adding to your investment portfolio, particularly if you believe in the potential of web3 technologies and applications. The Cirus project aims to empower users to monetize their data through the use of data NFTs (dNFTs), allowing them to earn revenue while browsing the internet.
An increasing interest in the web3 sector by institutional investors and organizations could provide support for the CIRUS price in the market. As mainstream players adopt web3 technologies, the demand for projects like Cirus Foundation may rise, thereby boosting the value of the CIRUS token.
A positive outlook towards cryptocurrencies in general among global investors could also benefit the price of Cirus Foundation. A bullish or risk-on sentiment encourages buying activity in the crypto market, thereby supporting the CIRUS to USD price.
What Is CIRUS Crypto Price Prediction?
While it is impossible to offer a guaranteed Cirus Foundation price prediction, several factors contribute to fluctuations in the CIRUS token price. These factors include:
Level of Adoption
As more users sign up to use Cirus's services, increased on-chain activity could drive the value of CIRUS crypto. The CIRUS price could strengthen as more investors buy and hold the Cirus Foundation token as a result.
Future Developments
When Cirus Foundation rolls out new features or announces new partnerships, investor confidence in its native token is boosted. This could contribute to an upward trend in the CIRUS price in the market.
Market Outlook
A favorable outlook among investors towards cryptocurrencies in general and key sectors such as web3 could also boost the value of the Cirus Foundation token. The price of the CIRUS token could increase when the crypto market sentiment turns bullish. However, a bearish or risk-off attitude among investors could lead to sell-offs in the market, weakening the CIRUS price.
What Is CIRUS Token Used For?
CIRUS is the utility token used within the Cirus Foundation ecosystem. It serves the following purposes:
Native Currency
The Cirus Token is used to compensate individuals for the data they share. When the data is monetized, the value is brought into the Cirus Ecosystem and delivered to the user via $CIRUS.
Utility Token
CIRUS tokens can be used to access the world of decentralized finance, swapped for other cryptocurrencies and tokens, sent to other users, or converted into fiat currency.
Crypto Asset to Trade and HODL
Trade the Cirus Foundation token against various cryptocurrencies to capitalize on fluctuating market conditions and volatility. You can buy or sell CIRUS/USDT on the BYDFi Spot Market or hold it long-term if you believe in the potential of the Cirus Foundation project. Remember to DYOR (Do Your Own Research) before entering the crypto market to better manage your risks.
How to Earn CIRUS Crypto
There are several ways to earn Cirus Foundation's CIRUS cryptocurrency, including:
Monetizing Browsing Data
Cirus Foundation has launched a web extension that allows users to earn cryptocurrency in exchange for their browsing data. Users can install the web extension on their browser and share their data with Cirus Foundation to earn CIRUS coins.
Staking and Contribution Pool
Cirus Foundation has also launched a staking and contribution pool, which allows users to stake their CIRUS coins and earn staking rewards. The pool is available to platform users only and is part of the Cirus Foundation's commitment to building a decentralized data economy.
Trade CIRUS
The value of CIRUS coins can also fluctuate depending on market conditions. Buy, sell, or hold CIRUS depending on market conditions to grow your crypto holdings. Be sure to perform adequate research before making any investment decisions in the crypto market.
What Is CIRUS Tokenomics?
According to the Cirus Foundation whitepaper, the total supply of CIRUS is fixed at 250,000,000. The token distribution is as follows:
1. 50% of the CIRUS supply was allocated for ecosystem development activities.
2. 24.5% of the token supply went to the Cirus Foundation team, operations, and project advisors.
3. 15% was allocated for the token sale.
4. 2.5% was assigned to partnerships and grants.
5. 8% was allotted for reserve and liquidity.
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