In this guide you’ll get information about where to buy Cyclos, if you are planning to buy CYS token – You’re in the right place!
Cyclos is designed as a decentralized platform for AMM (Automated Market Maker). As a decentralized AMM, Cylos wants to bring Uniswap concentrated liquidity (with V3 style) to Solana. However, users need to keep in mind that Cyclos isn’t exactly a fork version for the Uniswap V3.
The platform is bringing the concentrated smart liquidity to AMM sector and space within Solana. By doing so, Cyclos is embedding masses intelligence in the order book liquidity. It allows liquidity providers to concentrate and focus their funds within the chosen price intervals.
Cyclos is different from other AMMs. It enables liquidity providers to choose their own price ranges (in which their liquidity is most active). Through liquidity depth creation, especially around an asset’s predicted market price, bigger orders could be performed and executed within the optimized price. Furthermore, the liquidity providers would be offered greater and higher protection from the impermanent loss. Once the asset exits from the (liquidity provider) price interval, the liquidity itself would become inactive. Moreover, the providers are able to place their own liquidity within multiple price intervals so they can more strategically deploy capital.
- Official website: https://cykura.io/
- Twitter: https://twitter.com/cykurafi
- Telegram: https://t.me/cykuraofficialchat
Table of Contents
Cyclos (CYS) Features
- Concentrated liquidity. Just like Uniswap V3, Cyclos enables the liquidity providers to offer in depth liquidity with specified (price) ranges while at the same time putting less capital (at risk). Not only there hasn’t been any other project, but it is also improving dynamics between Uniswap V2 and V3.
- Fast transactions and (almost) zero gas fees. Because the platform is constructed on Solana, you can expect the best from Cyclos. After all, it is powered with bargain gas fees and instant transaction.
- Solid liquidity. Aside from the fact that Cylos has its own pools, it is accessible to the liquidity of Serum. Serum, as the central liquidity pool, provides liquidity to the entire ecosystem of Solana. As a result, Cyclos has faster order flows and also (better) deeper liquidity connections.
Where to Buy, Sell and Trade Cyclos aka CYS
You can basically use debit card, credit card, or even PayPal to buy the Cyclos (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Cyclos as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Cyclos. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Cyclos currency and exchange your Ethereum / Bitcoin / Tether with the Cyclos
- Store your Cyclos to a secured wallet
That’s the first step in buying Cyclos, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Cyclos:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.
- Deposit Methods: Cryptocurrency Only
- Fiat Currencies: N/A
- Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
- Trading Pairs: 1801+
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the CYS/BTC or CYS/ETH or CYS/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you CYS/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Cyclos (CYS)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Cyclos (CYS) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Cyclos (CYS) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Cyclos. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Cyclos (CYS) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Cyclos (CYS) with Skrill?
You can’t buy CYS directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Cyclos. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Cyclos (CYS) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair CYS/BTC and begin the transactions.
Can I Buy Cyclos (CYS) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support CYS/ETH trading pair.
What Is the Best Payment Method to Buy Cyclos (CYS)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Cyclos right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Cyclos (CYS)?
Once you have purchased the Cyclos, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Cyclos (CYS)?
Find a crypto exchange which allow pairing CYS with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Cyclos (CYS) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Cyclos is to buy it from a reliable exchange.
Conclusion
Cyclos is basically set as an unleashed version of modern decentralized trading. The platform wants to push capital efficiency limits while providing (lightning) fast transactions at the same time. The platform is designed as the first ever AMM, built on Solana, implemented to enable Concentrated Liquidity. Instead of depending on high gas fees and static price curves, now users are able unlock inexpensive fees and dynamic performance. However, users should buy Cyclos (CYS) to gain access to the platform.
