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What is Cirus Foundation (CIRUS) token?

By Katelyn James | September 5, 2021

Cirus is a simple, yet powerful platform that turns your data into cryptocurrency, using it to open the doors into DeFi and other Web 3.0 earning avenues.

Cirus facilitates true ownership of your largest digital asset by enabling you to control, monetize and earn directly from your own data. Giving you ownership of your data provides passive revenue, and Cirus enables you to take that found money into the wider digital economy.

Using data as the entry-point, Cirus is a one-step onramp to the digital economy, with simple connections into DeFi, FIAT offramps, and further earning through network infrastructure support.

Leveraging the benefits of full-stack scaling solutions, users will have instant access to a Crypto wallet for fast, low-cost remittances from data monetization, and a powerful, but straightforward interface.

While anyone can access the Cirus Ecosystem and leverage the benefits of the platform, the Cirus Device — a wifi router that collects user-authorized data from all internet-enabled devices in the household — can optionally be connected to the system, boosting earning potential.

The software back end processes user-authorized data securely, before monetizing it through multiple channels. Data revenues are then remitted back to the user through the Cirus Token.

  • Cirus lets you choose what data to monetize, and what to keep private
  • Revenue from data monetization re-enters the ecosystem and is remitted to you via the Cirus token.
  • The Cirus device boosts earning through enhanced data collection, leading to more powerful insights and a more valuable data asset. It’s also a fully-featured Wifi router!
  • Cirus makes it easy to take your data revenue into further earning avenues, or offramp into FIAT

Products

Cirus Platform — Accessible Platform that turns data into cryptocurrency, and makes it easy to take that value into DeFi products, or offramp into fiat.

Cirus Device — A wifi router that collects user-authorized data from all internet-enabled devices in the household, allowing the core software to create a highly valuable data asset for monetization.

Go-To-Market Strategy

Cirus’ primary rollout strategy is to partner with Internet Service Providers around the world and distribute the Cirus device to their users. This ensures a quick, large-scale product rollout to millions of users. We are excited by our progress on this end and more announcements will come soon!

The device is not required to access the ecosystem:

Anyone outside of the ISP-rollout regions can connect to the Ecosystem directly and get the same seamless experience. It’s all connected to the same backend, so you’ll be able to monetize your data (through app and browser plug-ins), and have the exact same interface, wallet and De-Fi integrations.

Once the device becomes available in your region, through an ISP or direct purchase, you’ll have the option of upgrading and connecting the Cirus device to your existing account and boost your data earning potential.

Anyone with internet access can participate in the Cirus Ecosystem.

Product Viability

Cirus’ approach does not break the current business model of the internet but simply makes the existing model fairer for users. There are several key components to making this happen:

Ad Tech:

  • Initially, user data will be monetized through traditional Ad-Tech systems. This technology is well-established, and we’re not reinventing the wheel, but simply plugging into existing channels.
  • Our technical team is well-versed in Data and Ad-Tech and has established industry connections, as well as experience building successful Ad-Tech platforms. We’re connected with the players in the data markets, and they already like the quality of data assets that Cirus generates.

Blockchain

  • Blockchain is a key component of the Cirus Ecosystem. It’s needed to provide the features necessary to make the whole system work. We’re leveraging the powerful feature set of Layer 2 solutions to integrate lightning-fast, low-cost remittances.
  • Layer 2 also provides seamless integrations with DeFi and other services that bring value to the user at all levels of the ecosystem, not just data revenue. More on these partnerships to come!

Hardware:

  • We’ve spent nearly 3 years designing and testing the Cirus device. As of July 2021, 4,000 devices have been deployed into live households for sandbox testing and the results have been stellar.
  • Our Leadership and Advisor teams have decades of experience in hardware and telecom, allowing us to make quick progress in product design and gives us a huge advantage in establishing relationships with ISP’s for the hardware rollout.

Cirus combines well-established and new technologies in a unique way to turn data into an asset for the user. Our rollout strategy will bring millions of new users to the Cirus Ecosystem, and by extension, into Crypto and DeFi — a true mass adoption strategy.

Technologies Used

Data Handling: AWS and GCP , Apache Spark, Apache Kafka, Apache Storm, Neo4j, PostGreSQL, MongoDB, React and ReactNative/Dart-Flutter, Adobe XD, Expess JS, Fastly, Kubernetics, Snowflake

Machine Learning: KubeFlow, Python, Tensorflow, Pyspark, Firmware : C++

Hardware: WAN *1, LAN *2, 802.11a/b/g/n/ac

Blockchain: Solidity, Ethereum Layer 2 – Matic/Polygon

Token Economy

Total Supply: 250,000,000

The Cirus Tokens Functions:

Remittance

The value generated from data monetization will flow into the network and then be remitted to users via the Cirus Token.

Device Authentication

Every Cirus device automatically acquires up to 25 tokens to be locked-in, to be authenticated, and signal that the device is live on the network.

Bridge

A nominal transaction fee will occur for the conversion of the Cirus token to FIAT off-ramps or alternative currencies. These fees will go back into the ecosystem development fund.

Rewards

Users who choose to support the network through staking/delegation/ nodes will receive rewards for doing so.

Token Metrics

  • Ticker: CIRUS
  • Token Supply: 250,000,000
  • Blockchain Network: Ethereum/Polygon
  • Private Sale (closed): ~$2,000,000
  • Public Sale: $200,000
  • Initial Market Capitalization: $500,000
  • Private Sale Emissions: Fully Vested in 12 Months
  • 12-month Emissions: ~24% of Total Supply
  • Circulating Supply (Aug 27 2021): 26,000,000
  • How and Where to Buy CIRUS token?

    CIRUS token is now live on the ETH mainnet. The token address for CIRUS is 0xa01199c61841fce3b3dafb83fefc1899715c8756. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

    Just be sure you have enough ETH in your wallet to cover the transaction fees.

    You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

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