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Rugpull Prevention
Detective Scores
Cycle Protocol
Project Description:
The Cycle Protocol is a yield optimizer, allowing you to auto-compound rewards from a variety of DEX/projects from the Avalanche C-chain, with it's own liquidity mining program attached to it.
The Cycle token will be used for governance, in order to give power to the community on the health and evolution of the protocol. Users can also stake it, in order to earn part of the revenue generated by the protocol.
Cycle Protocol Information
Cycle on Pangolin
Cycle on Pangolin
Cycle on Pangolin
Cycle on Olive
Cycle on Pangolin
Cycle on Pangolin
Cycle on Twitter
Cycle on Pangolin
Cycle on Telegram
Cycle on Telegram
Cycle on Telegram
Cycle on Telegram
Cycle on Discord
Cycle on Telegram
Cycle on Discord
Contract
Cycle on Telegram
Cycle on Discord
The Cycle Token Smart Contract Address is: 0x81440c939f2c1e34fc7048e518a637205a632a74
Disclaimer
This Detective rating is not financial advice. This is not an endorsement. Blockchain technology is ever-changing. Rugpull Prevention takes no responsibility for your own financial choices. This rating is a tool that you can use to help you with your personal research. This is not an Audit. Rugpull Prevention has made every reasonable attempt to ensure that this information is factual. It is also possible that this project may change some aspects and the score can be amended in the future. ALWAYS DO YOUR OWN RESEARCH.
What does this score mean?
It is very unlikely that a project will get a score above 90%. Anywhere from 50% - 90% should be considered a good score. This score is to help you make decisions when you are researching a project. Projects that have been rated can request a scoring change based on updates they have completed.
Censorship?
10% will be subtracted from scores if there is Censorship happening in the project's communities. Rugpull Prevention is against censorship. Criticisms should be met with intelligent debate, not censorship. Obviously, there is always a need for moderation and to ban and remove some inappropriate content, lies, FUD.
Cycle Protocol Overview
Supply
Token Mechanics
Token Mechanics
- Total Supply 300,000
- Circulating Supply: About 45,000
- Market cap Estimate on Aug 26, 2021
$3,910,000
- Dev locked 12,000 tokens until Dec. 31, 2021 https://cchain.explorer.avax.network/address/0xf32986Aeff6280eCC4E404C987987050FA57A750/transactions
- Dev airdropped 11,580 Cycle https://cchain.explorer.avax.network/tx/0x4b0fcc42ef6e585af0e7c9c335b0c37244672b8e383adb409ba59aa067646610/token-transfers
Token Mechanics
Token Mechanics
Token Mechanics
- Zapper (one click liquidity add function) with auto compound
- Yield optimizer w/ liquidity mining attached
- Vault compounding rewards into Cycle pools
- Token will eventually be used for governance as well
- Avax for a staking mechanism reward
Token Ownership
Token Ownership
Token Ownership
- The Dev needs ownership to be able to build new contracts.
- The Dev cannot mint at will. The only way to mint is through meeting specific requirements through governance. The token contract has a function called cycle and there's a variable called the scaling factor in the contract. There is also the Distributor address which can be set in the token contract.
Liquidity
Token Ownership
Token Ownership
- The liquidity cannot be Rugpulled from Pangolin because there is so many different wallets holding Liquidity Pool Tokens (LPs)
- The liquidity is decentralized
- Total Value Locked Aug 19, 2021 - $4,334,125
- 0% - 25% Rug Tier
- 25% - 50% Bronze
- 50% - 75% Silver
- 75% - 90% Gold
- 90% - 100% Diamond
Metric Descriptions
Price Discussion. Is the team focused on price more than development? Total 7.5%
I feel that it is important when scoring a project to take notice of how much they care about the price of their token. If all they talk about is price, then it is a red flag and an indicator that they might be looking to scam. Price discussions can sometimes be healthy and I think it would be difficult to attain a perfect score for this metric.
Is the team helpful within a reasonable amount of time? Total 7.5%
This is hard to attain a perfect score for this metric. To receive the full 7.5% the project would need multiple mods covering every one of their socials that moderate that specific social network.
Does the website / socials convey a professional image? Total 7.5%
Projects that convey professionalism give confidence to investors that they are not a scam.
Does their community represent professionalism? Total 7.5%
This is a metric that cannot always be influenced by the project. This metric is measured in a general way. If the community members are rude and not helpful to each other and other possible investors then it can be a bad thing for the project. Does the community spam in other rooms? This is also measured.
Contracts professionally Audited? Total 5%
There are a lot of great projects that are not professionally audited. Either you are audited or you are not. If you're not audited by a professional organization then the project will most likely have 0% in this metric. It doesn't mean the project is a scam. It just means the project is not audited.
General contract safety. Total 5%
Is the contract verified so everyone can read the code? Does the team of the project hold all of the liquidity? Has the contract creator deployed many tokens on avalanche? This is all considered in this metric.
Advanced contract safety. Total 5%
Is the ownership of the Contract renounced? Does the team have the ability to mint tokens? Is there a timelock in place? A perfect score would indicate that there are no possible ways to influence the price or liquidity of the tokens.
Team token amount. Total 5%
Does the team have an unusually large amount of tokens available for them to sell whenever they want? Has the team held on to all tokens and has not sold any? A perfect score would indicate that the team has zero tokens and has not sold any in the past. This may not be realistic in most cases, but it is possible.
Developer history. Total 5%
Is the developers, CEO or team known and has a long history of achievements? It will be difficult to achieve a perfect score in this category unless Emin or Vitalik applies to get a Detective Score.
Partnerships and collaborations. Total 5%
Is the team willing and open to discussions about working together with other projects? Do they seem overall willing to at least talk about it? Do they immediately shut down conversations from other projects? How active are they working with other projects?
Unique ideas. Total 5%
How unique is the project? Does it do anything different than other projects are doing? Is it just a copy/paste?
Social media activity. Total 5%
How active is the social media accounts of the project? Does the project neglect some social media accounts that they have set up? Do they have positions in the project that someone is dedicated only to socials?
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