Former Apple CEO Gil Amelio Joins Cirus Blockchain Project as Adviser
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Cirus Launches Purpose-Built Dual IDO on Ethereum Layer 2
Avarua District, Cook Islands, Aug. 17, 2021 (GLOBE NEWSWIRE) – Data ownership initiative Cirus Foundation will launch its purpose-built Dual IDO on August 17th running on Ethereum Layer 2 solutions. As previously announced, the initial DEX offering will take place both on MANTRA DAO’s ZENDIT launchpad and as a flagship launch on the premiere IDO L2 launchpad Scaleswap.
Cirus Founder Daniel Bland commented on the event. “We’ve been hard at work getting everything set up for this launch. By having it take place on these two launchpads we are making sure that it reflects our commitment to bring value to the whole ecosystem. It’s very exciting to finally share our data ownership solutions and welcome all the people who look forward to building the Ownership Economy with us.”
The team behind Cirus shared the details on the launch and the whitelisting process for Scaleswap and ZENDIT. The project will emit approximately 24% of the 250,000,000 total supply of its native CIRUS token over the course of 12 months with an initial market cap of $500,000.
Recently, Cirus announced the addition of former Apple CEO Gil Amelio to its team as a Senior Advisor. Together with the much-anticipated launch, these developments signal Cirus’ potential to become a true enterprise-level blockchain project, giving users control over their data and becoming the on-ramp into the Ownership Economy.
About Cirus Foundation
Cirus Foundation is the development team behind the Cirus Ecosystem, an accessible onramp designed to accelerate the adoption of Web 3.0 and the Ownership Economy. This consists of the Cirus Device, the Cirus Core Platform, and the Cirus Confluence Network which work together to give users true ownership over the data streams they generate.
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Cirus IDO will take place on Scaleswap platform next week
Cirus Foundation is running an Initial DEX Offering (IDO) on Scaleswap, a Polygon-powered fair IDO launchpad, as per a release. The dates will be announced later this week.
“The Scaleswap team is pleased to have Cirus as our flagship launch as we see the big potential of Cirus Foundation and a huge market demand for bringing data management and privacy back to users,” said ScaleSwap in a statement.
Cirus IDO and Scaleswap
Cirus is a new blockchain platform that turns data into cryptocurrency, allowing users to enjoy the true ownership of their crypto holdings by enabling them to control, monetize and earn directly from their own data.
As per details, the team has a Public Sale Token Allocation of 384,615 (0.15% of total supply), a Public Sale Token Price of $0.13, a Max Cap of $300 per person, with a target of raising $50,000 via the sale (at a $500,000 market cap).
Interested holders can, however, gain even more tokens on their ‘ScaleSCORE’—a unique loyalty scoring system based on 6 dimensions that ensure fairer, transparent, and non-exploitive community participation in IDOs
“Apart from the public pool where winners will be selected on a lottery basis, there will be a private pool for Cirus IDO in parallel, where backers with high ScaleSCORE ranking can earn guaranteed participation,” explained ScaleSwap.
Users looking to participate in Cirus token IDO will be required to complete the whitelist registration and accompanying tasks. A whitelisting campaign and KYC will also be run in parallel, ensuring a fair, regulated launch.
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