The hybrid blockchain platform Cypherium (CPH) plans to conduct an initial token public sale at the end of August before the mainnet launch in the third quarter. After the mainnet goes live, CPH tokens will be available on the Cypherium network. Chain Wen noted that Cypherium raised about US$24 million in private equity financing in 2018. Investors include Pantera Capital, Blockfolio, Nirvana Capital, Qtum and Justin Sun. According to data from block123.com, Cypherium is a global partner of IBM, a highly scalable and permissionless hybrid blockchain platform, based on proof of work and Byzantine fault tolerance consensus, designed to meet the performance requirements of enterprise applications.