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Cipher (CPR) is a utility token launched on the Ethereum Blockchain on April 9, 2018. However, on December 19, 2021, the Cipher project migrated from the Ethereum network to the Polygon PoS network. The team behind Cipher is based in India, the United Kingdom, and New Zealand. Cipher’s main vision and goal are to promote transparency, accountability, and safety in business operations. Users, customers, investors, and traders can actively participate and engage with the Cipher project. Cipher is a digital asset representing partial company ownership, similar to owning company shares. The project aims to create functional and user-friendly business applications.
Cipher operates on a non-ICO business model, meaning that the tokens are distributed when individuals utilize their services and programs or engage in trading. The transactions conducted with Cipher tokens are efficient, transparent, and tradable. Cipher’s team possesses the technical experience and management skills to implement safe and easy-to-use tokenization in their business operations. They are well-versed in various operating systems, networks, databases, and blockchain technology, which they utilize to provide their customers with quality projects and services.
In response to the high fees and maintenance costs associated with using Ethereum Layer 1 technology, Cipher has decided to develop on Layer 2 and created a new contract on the Polygon (MATIC) PoS network. This allows Cipher to balance expenses and optimize future economic growth. By leveraging their experience in the crypto industry, Cipher aims to provide users with a seamless and cost-effective experience. With a focus on digital empowerment and transparency, Cipher aims to adapt to blockchain technology’s fast-paced and emerging world while providing professional customer service. Please note that cryptocurrency trading is a volatile and risky market, and users are advised to exercise caution and act at their own risk.
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