What is Cypherium?
Cypherium is a blockchain platform established in 2017 by a team of proficient blockchain and software developers. Its primary objective is to address the scalability and security limitations experienced by current blockchain platforms, such as Bitcoin and Ethereum. The platform strives to offer a dependable and expansible infrastructure for decentralized applications (dApps) and smart contracts.
The platform of Cypherium deploys the CypherBFT, a Byzantine fault-tolerant consensus algorithm that facilitates speedy and reliable transaction processing despite the presence of harmful nodes. Additionally, the platform employs the Cypherium Virtual Machine (CVM), which is Turing-complete and scalable. The CVM supports several programming languages, which simplifies the process of developing decentralized applications (dApps) and smart contracts on the platform.
Apart from that, Cypherium is engineered to harmonize with other blockchain networks, making it easy to transfer assets and data smoothly across multiple platforms. Moreover, the platform employs a decentralized governance structure that fosters fairness and transparency in decision-making processes.
What is CPH Token?
CPH represents the indigenous cryptocurrency token of the Cypherium blockchain platform, and it serves as the principal medium of exchange on the network. The token is utilized to remunerate transaction fees, smart contract execution, and other amenities furnished by the Cypherium network.
Although the CPH token is an ERC-20 token built on the Ethereum blockchain, it can be readily converted to the native token of the Cypherium platform whenever the need arises.
Besides being useful on the Cypherium platform, the CPH token also has investment value, as it is tradable on several cryptocurrency exchanges. The token’s worth is subject to various factors, including the adoption of the Cypherium platform, market trends in the cryptocurrency space, and market demand.
History of CPH token?
The CPH token was formulated in 2017 as an integral component of the primary development of the Cypherium blockchain platform. The Cypherium initiative was established by a group of proficient blockchain and software developers, with the objective of constructing a high-performing and scalable blockchain platform that could cater to various decentralized applications and use cases.
The CPH tokens were initially dispensed through a private sale to early investors, followed by a public sale in 2018. In the public sale, the Cypherium team garnered roughly $28 million in funding, which was employed to enhance and broaden the scope of the platform.
The Cypherium mainnet was launched in September 2019, and the CPH token was transferred from the Ethereum blockchain to the Cypherium blockchain. This migration facilitated the token’s utilization of the Cypherium platform’s faster transaction speeds and advanced security features.
Subsequent to the mainnet launch, the Cypherium team has maintained its efforts to improve and broaden the platform, emphasizing partnerships and augmenting the adoption of the CPH token. Currently, the token is featured on multiple cryptocurrency exchanges, and its value is subject to factors such as market demand, adoption of the Cypherium platform, and overall trends in the cryptocurrency space.
Current Status of CPH Coin
At present, CPH Token stats show that it has a market capitalization of $26,477,178 and a circulating supply of 540,678,192 tokens. It is currently listed on several cryptocurrency exchanges, including XT.com and MEXC Global.
Price Trends of CPH Token
When CPH was first released, it created a record high of $0.1055 at that time, however, the market saw a sharp decline until early 2023, and the token’s price plummeted to $0.0074. Despite this, the token’s value has since recovered, and CPH token price is trading at $0.0523.
Factors Affecting CPH Coin Price
The price of CPH Token is influenced by various things. One of the most crucial aspects is market sentiment. The price of a token can vary widely depending on investor mood in the highly speculative cryptocurrency market. The dynamics of supply and demand are also very important in influencing the token’s price. The more popular CPH Token becomes, the more expensive it will become.
Both centralized and decentralized cryptocurrency exchanges allow trading of CPH tokens. MEXC Global is the most well-liked marketplace for purchasing and selling CPH tokens.
How to Buy CPH Tokens?
You can use the MEXC Global search bar to search for “CPH” to view available trading pairs.
And you can also find a detailed guide on how to buy CPH token.
A high-performance and dependable blockchain platform is what Cypherium seeks to offer, one that can accommodate a variety of use cases and applications in the decentralized ecosystem.