Cherry Public Project Announcement
We are always happy to find a new and innovative take on tried and tested DeFi technology, and Cherry improves a lot of aspects of what a DAO can be.
With their fast and secure protocol, you will be able to transfer and store data in a very efficient manner, while also taking advantage of the multiple layers of their technology to ensure that no tampering can happen in your files, while maintaining a smooth interface that is both easy to use and master.
The application part of the Cherry ecosystem benefits from interoperability, privacy and scalability, while giving you access to a truly simple way to create the apps themselves, thanks to the solid foundation they have laid for their users.
We see a lot of value in their project, and the team behind it managed to optimize their protocol to the bone, leaving no additional weight on their users, giving more time to focus on the more important aspects of project development.
As always, we invite you to check out their website and do your own research to really understand what you are investing in, but the Synapse Network is more than happy to see Cherry join our roster, and we look forward to what we can achieve together in the future.
And that’s exactly why we will be launching their public sale soon. We see a brilliant project with good fundamentals, a dedicated team and a lot of potential to develop on their platform.
Below you will find everything you need to participate in their presale. In the following weeks we will keep updating you on our upcoming projects, so stay tuned to our announcement and media channels and be ready to participate in our next launch.
- 15.12.2021 9 AM UTC — Whitelist start (mandatory for non-SNP stakers): https://gleam.io/v8Nvb/synapse-network-cherry-network-public-sale
- 17.12.2021 9 AM UTC — SNP stakers can start to register their interest in guaranteed allocation
- 19.12.2021 9 AM UTC — End of time for Whitelist and for interest registration
- 19.12.2021 7 PM UTC — Whitelist Announcement, publication of allocation size, KYC for Whitelisted start
- 21.12.2021 9 AM UTC — Sale Start
- 22.12.2021 9 AM UTC — Sale End
- 23.12.2021 9 AM UTC — Return of overallocated unused funds
- Round — Public
- Price per token — 0.036$
- Platform allocation — 125 000$
- Gleam competition allocation — 100$
- Gleam competition — number of winners — 125
What is Cherry and why are they so interesting?
The Cherry Project is a Decentralized Autonomous Organization developing a layer one blockchain network optimized for data operations. Cherry serves as a purpose specific infrastructure for decentralized applications handling data. Built on Substrate, it implements state of the art cryptographic standards to provide for second layer scalability (zkSNARKs), and features a node-level IPFS integration that allows the Cherry Virtual Machine to natively interface with an indexed queryable data storage and referencing facility.
On our part, we thoroughly reviewed the project, team, roadmap, tokenomics and had fruitful meetings — we strongly believe in the project. If you would like to learn more about it, which we encourage you to do, please read: https://assets.cherry.network/docs/CherryNetwork_Cherrynomics_v3.0.pdf
And visit their website: https://www.cherry.network/
And always remember to not invest before you DYOR about the project!
How does the investment process look like?
There are two options for this:
- having tickets for the platform (guaranteed allocation).
- winning the Gleam competition, which is open to everyone. Here 10% of the investment pool is allocated for the winners. There is no overallocation here — it is reserved for our stakers.
For both options you need to pass the KYC process.
We give everyone the opportunity to reach the required tier for investment until the end of the registration. Everyone has to enter the platform and express interest in participating in the investment before this date.
How can you invest?
You will be able to invest on 9 networks (more networks to come soon):
- Binance Smart Chain
- Polygon (Matic)
You will be able to invest with multiple stablecoins:
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.