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PANews, June 7th. Decentralized social network L2 Cyber (formerly CyberConnect) announced that the CYBER token will adopt the LayerZero OFT (Omnichain Fungible Token) standard on June 10, 2024, earlier than the start of mainnet staking on June 14, 2024. The OFT standard is a universal token standard used for sending and receiving tokens across multiple blockchains. It consists of a set of smart contracts that allow tokens to be created, used, and tracked on all blockchains where they are deployed. Currently, the CYBER token is available on the OP mainnet, BNB chain, and Ethereum.
In TGE, the maximum total supply of CYBER Token is set at 100 million. However, each network currently has its own total supply, which together make up the maximum total supply of CYBER Token. On June 10, Ethereum will minting 12.3 million CYBER (total supply of OP + BSC). The CYBER supply has not changed, it is just tracked differently. New Tokens will be locked in the OFT adapter contract for bridge purposes only.