Cypher, an on-chain payments and loyalty platform founded in 2022, officially launched the protocol’s native token on October 5, 2025 at 9:00 UTC. The token quickly secured listings on major centralized and decentralized exchanges including Binance Alpha, KuCoin, and Aerodrome Finance (Base’s primary DEX).
The token started trending #1 on Dexscreener shortly after its launch on the Base network. These high-profile listings aim to provide users with instant liquidity and global access, with more exchange partnerships expected in the coming weeks.
“Cypher is creating a WhatsApp moment for consumer financial apps. For too long, loyalty has been locked into expiring points and restricted programs. Cypher allows brands to deliver rewards directly on-chain, giving users ownership and seamless crypto spending,” said Kube, CEO of Cypher and former risk engineering lead at Coinbase.
Support from the world’s leading investors
Cypher is backed by investors including Y Combinator, Samsung Next, Coinbase Ventures, and angel investor Balaji Srinivasan. Their involvement confirms our confidence in Cypher’s mission to transform payments and loyalty through blockchain-based infrastructure.
Cypher attracts a community of over 100,000 users in over 120 countries, reflecting the demand for non-custodial, cryptocurrency-integrated payments that align with everyday spending habits.
Introduction to Cipher Card
At the core of the Cypher ecosystem is a non-custodial wallet with the Cypher Card. It has been running for over three years and is specifically designed to facilitate daily crypto and stablecoin spending.
Main features:
Non-custodial by design – Users can link their self-custodial wallet and use the card while maintaining ownership of their funds. Users load their cards directly from their stablecoin balances (USDC, DAI, etc.) and treat them like digital dollars. Multi-chain support and wide acceptance – Cypher Card can be used globally anywhere Visa is accepted. Supports over 15 blockchains including Ethereum, Solana, Hyperliquid, and cosmos. This allows users to seamlessly use cryptocurrencies and stablecoins from supported chains in the real world. Instant Digital Card – Upon signing up, users have instant access to a virtual card and the option to get a physical card as well as a physical one. On-chain perks – Earn CYPR tokens with every purchase to enhance perks at selected merchants through the Cypher protocol. Enhanced Controls – Users can lock/unlock cards, adjust spending limits and set country-level limits in just a few clicks. Premium Tier – We offer special metal cards with zero exchange markup and higher monthly limits for a truly superior experience.
market opportunity
Around the world, more than $1 trillion in royalty value remains unredeemed due to fragmentation, expiration, and restrictions. Traditional credit card points, airline miles, and retail rewards are largely locked within centralized systems, limiting true consumer ownership. Cypher Protocol seeks to address this problem by combining real-world payments with blockchain-based incentives. Cypher turns everyday transactions into opportunities for crypto-native engagement.
Cypher’s Flywheel: Maximizing your rewards
This token is designed to power a robust rewards ecosystem, offering multiple avenues for users to earn and benefit.
For Cypher cardholders:
Sign-up bonus rewards when signing up for a card Earnings from purchases made using the card Additional rewards when shopping at top-chosen (voted) partner brands Referral rewards for inviting new card users who complete at least one transaction
Users can sign up and have a virtual card issued within minutes.
For token holders:
CYPR tokens can be locked to receive veCYPR. Users can vote for their favorite brands (Amazon, Uber, etc.) to determine which brands receive new CYPR emissions every two weeks, and earn USDC brand rewards (“bribes”) for their votes. You earn a referral reward when your referrer signs up and completes their first transaction. You can also earn additional referral rewards by spending on products from brands voted for by referring users.
(Note: Referral codes can be used by anyone, regardless of Cipher Card holder)
This incentive structure allows avid card users and token holders to maximize their cashback. By actively using the card and participating in its governance, users have the potential to earn up to 35% cashback.
Cypr token utility
Cypher’s economic design is built around the flywheel effect, a self-reinforcing cycle that drives long-term growth through the collaboration of consumers, brands, and token holders.
This loop allows every transaction to strengthen the ecosystem and turn everyday spending into a powerful growth engine. Unlike traditional rewards programs that rely on short-term incentives, Cypher’s model is sustainable, user-owned, and built to scale globally.
The total supply is fixed at 1 billion tokens and is designed to maintain long-term value. To encourage widespread adoption, 8.5% of the total supply was airdropped to early community users. 10% of the airdropped amount will be automatically locked as veCYPR for two years to encourage immediate participation in protocol governance (voting).
Total team and investor allocations are completely locked and inaccessible for the first year. A three-year linear vesting schedule follows, ensuring the success and long-term integrity of the protocol.
About Cipher Protocol
Cypher Protocol envisions a future of finance where users maintain control of their assets while sellers issue tokenized incentives natively on-chain. By leveraging the stability of stablecoins for payments, Cypher removes a major barrier to mainstream cryptocurrency adoption.
“Cypher aims to empower consumers, brands, and merchants. We aim to make cryptocurrencies not just an investment, but a practical tool for everyday spending.” – Kube, CEO of Cypher.
About Cypher
Cypher is building the payments and loyalty infrastructure for the decentralized web. Backed by top investors such as Y Combinator and Coinbase Ventures, Cypher is pioneering a seamless and secure way to spend global cryptocurrencies and stablecoins through the Cypher Card. By tokenizing consumer loyalty with a native asset, Cypher enables users to earn and manage rewards on-chain, effectively transforming the traditional $1 trillion loyalty market into a transparent user-owned economy. The company is committed to bringing institutional-grade security and mainstream ease of use to decentralized finance.
The official token contract address on Base mainnet is:
https://basescan.org/token/0xd262a4c7108c8139b2b189758e8d17c3dfc91a38
Note that the token is only listed on the Base network. Website: https://cypherhq.io
Twitter/X: @Cypher_HQ_
Cypher Protocol: https://cypherhq.io/cypr/
Discord: https://discord.gg/Gem44QqRYJ
