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Binance Alpha Confirms October 5 Launch of Cypher (CYPR) Token

According to Binance Alpha’s official announcement, Cypher (CYPR) has been listed at $0.126 with a market cap of $11.94 million, and eligible users can claim 400 CYPR tokens worth about $50 via an airdrop.

Fact Check
The statement is strongly supported by multiple pieces of evidence, including several posts on Binance's own platform (Binance Square) and a post from the official Binance Wallet X account. Numerous other crypto news outlets and social media accounts corroborate that the Cypher (CYPR) token will launch on Binance Alpha on October 5.
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Summary

Binance Alpha officially listed Cypher (CYPR) at $0.126 per token, valuing the project at $11.94 million. As part of the launch, eligible users can claim an airdrop of 400 CYPR tokens—equivalent to roughly $50 at current prices—according to the company’s statement. The listing follows the token’s planned October 5 debut, extending Binance Alpha’s user reward and token integration programs.

Terms & Concepts
  • Airdrop: A distribution of cryptocurrency tokens to users, often free, as a promotion or reward mechanism.
  • Token Listing: The process of making a cryptocurrency available for trading on an exchange, setting its initial price and market cap.
  • Market Cap: The total market value of a cryptocurrency, calculated by multiplying its current price by the circulating supply.