Zypher NetworPOP announces the establishment of the Zypher Foundation and the launch of the native token $POP

ChainCatcher news, the AI security infrastructure project Zypher NetworPOP has announced the establishment of the Zypher Foundation and the launch of its native token $POP. The $POP token will be used for Zypher Network's enterprise and developer-level SAAS service subscriptions, AI Secure Browser user rewards, validation network rewards, Zytron network governance, and decentralized governance of the foundation.

The total supply of tokens is ten billion, with an initial circulation of 14.4%. Tokens for investors and core contributors will be locked for 6 months, and will then be released linearly over 30 months.

The token distribution plan is as follows:

• Exchange listing and liquidity reserve: 5.75%
• Contributors: 5.00%
• Ecosystem and community: 11.50%
• Protocol development: 10.75%
• Validator mining: 45.00%
• Seed investors: 10.00%
• Series A investors: 10.00%
• Advisors: 2.00%

It is reported that Binance Alpha will list Zypher ($POP) on September 10. Zypher Network has completed a $7 million financing round, led jointly by UOB Venture and Signum Capital, with participation from HashKey Capital, Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, DWF Venture, and other strategic investors.