CYCLONE Money — a fully decentralized non-custodial protocol that allows for private transactions on the Cronos chain.
Description of the CYCLONE Money site
As a decentralized protocol, CYCLONE Money smart contracts have been implemented on the Cronos blockchain, making them immutable. They cannot be changed or faked. Therefore, no one, including the original developers, can modify or close them. All smart contracts are deployed by the community in a decentralized manner. As a non-custodial protocol, users store their cryptocurrencies while working with this project.
This means that with each deposit, they are provided with a private key that allows access to the deposited funds, giving users full control over their assets. CYCLONE Money enhances transaction privacy by breaking the link between source and destination addresses. It uses a smart contract that accepts CRO and USDC deposits from one address and allows withdrawals from another address.
To ensure privacy, CYCLONE Money uses smart contracts that accept deposits of tokens from one address and allow them to be withdrawn from another address. These smart contracts work like pools that mix all deposited assets. As soon as the funds are withdrawn to a completely new address from these pools, the link along the chain between the source and the recipient is broken. As long as the tokens are in the CYCLONE Money pool, storage remains in the hands of users. Thus, users have full control over their tokens.
Improving privacy on CYCLONE
The CYCLONE Money tool allows you to remain anonymous online. However, if the tool is used without protection upstream and downstream, it makes no sense and the anonymity will be only partial.
There is a practice to avoid this:
| Use TOR and/or VPN | Your Internet Service Provider (ISP) identifies you by your IP address. To prevent third parties from knowing that you are using CYCLONE Money, you should consider using TOR and/or VPN for your transfers. Avoid using free VPNs, they tend to store or even sell your data. |
| Save your note in a safe place | Your note contains a record of your original transaction. Anyone who has it can withdraw the deposited funds, but also knows the deposit address. Be sure to keep this note away from prying eyes and store it in a safe place. |
| Delete data | Your browser is the real source of information for the extensions you use. Delete your data after each deposit or withdrawal. If two transfers are made with the same cookies, the extension you use will be able to link the two transactions. |
A flat fee of 2% is charged for each CYCLONE Money transaction. Commissions are charged only when withdrawing funds.