Cypher (CYR Token): Blockchain Geo Location Mobile App & Wallet?
Cypher is a new geo location discovery app that uses the blockchain technology. Are you interested in this company or are you, by any chance, wondering how this new app can help you? Read our review.
What Is Cypher?
The platform can be used by anyone with a smartphone and is fully integrated with the blockchain. This allows it to send data to the network and to connect millions of users. The invites audiences to use the platform by searching and locating in-game terminals.
The idea is that you find the spots created by companies and, using the app, you are able to see what information is there. This information can be, for instance, a mining point. This can enable someone to mine cryptocurrencies and then later be able to send them to their wallet.
People can place terminals for people to redeem rewards. Like redeeming vouchers and prizes. Business owners are able to use this technology to create redeeming points on their stores and attract more customers this way.
The main goal of the company is to use these partnerships to create something that can be very useful for both the users who are customers and the ones who are shop owners or businessmen. This way, the platform grows together with them.
Using Cypher Blockchain Geo Location Mobile App & Wallet
You can use this platform to access virtual terminals all over the world. You can search for them or set beacons that will enhance the rewards that you find. Your first step is to download the Cypher app on your phone. After that, you have to create your own wallet to use the platform. After you have done these two things, you can log in and start to use the software.
There are two types of users, the ones who are only playing the games and the owners of brands and stores who want to use the software for marketing reasons. Normal users can only interact with the terminal, while business owners can pay to set up their own terminals on the game.
Cypher CYR Token Details
There is a total supply of 140,000,000 CYR tokens. They use the Proof of Work Scrypt algorithm and are mineable with a block reward of 50 CYR tokens per block. These tokens are the main currency that you will use on the platform and many of the prizes that will be offered by Cypher will be in the form of Cypher Coin tokens.
The sale of Cypher Coins was successfully made during 2017. It happened in the second half of the year so, unfortunately, it is too late for you to invest.
This company offers something that can be very interesting for both people who like geo-based games and companies that are looking to draw customers to their stores. By investing in marketing using this platform, a company can be able to improve its sales and to find other clients who might not visit the store otherwise, so this app definitely has potential.