CYC is the native token of Cyclone Protocol, a privacy-preserving protocol that facilitates anonymous transactions. Utilizing zkSNARKs, Cyclone breaks the on-chain link between depositor and recipient addresses, ensuring transactional privacy. The CYC token incentivizes anonymity providers, liquidity providers, and users within the Cyclone ecosystem. Supported by Halo, the development incentive plan of the IoTeX public chain, CYC will initially launch on IoTeX before expanding to Ethereum, Polkadot, Heco, and other public chains in the future. Notably, CYC is neither pre-mined nor pre-allocated for investors or the team, but rather earned by those who contribute to Cyclone.