Sipher PriceSIPHER

What is Sipher (SIPHER)?

Sipher (SIPHER) is a blockchain-based gaming project that combines a multiplayer online game with play-to-earn mechanics and decentralized finance features. According to its official materials, Sipher is a community-driven play-to-earn gaming protocol that allows players to perform as traders and owners. The project describes itself as an ambitious casual fighting and exploration game with an end-game goal of creating an open world social experience, built on the Ethereum blockchain. Its flagship title, Sipher Odyssey, is an action adventure RPG roguelike set in the world of Sipheria, featuring fast-paced combat, powerful augments, and deep strategy across every run. Sipher Odyssey is positioned as a cross-platform roguelite ARPG available on Google and Apple app stores, and the project is also presented as a pioneering effort in the Gaming x AI space. The SIPHER token serves as the multifunctional governance token of the Sipher Universe and is described as the lifeblood of the SIPHER AGI ecosystem. Sipher launched on 1 December 2021, with trading beginning on 9 December 2021. The maximum supply is capped at 1,000,000,000 SIPHER, while total supply stands at approximately 410,406,611 SIPHER. The project has progressed from its initial token sale through Open Alpha and Open Beta phases of Sipher Odyssey, and it continues to expand its ecosystem across multiple chains and platforms.

Key Specifications & Tokenomics

• Name: Sipher
• Symbol / Ticker: SIPHER
• Blockchain / Platform: Ethereum, also referenced on Funki Chain and Optimistic Etherscan
• Contract Address (Optimistic Etherscan): 0xb94944669f7967e16588e55ac41be0d5ef399dcd
• Category: Gaming, GameFi, Marketplace, Non-Fungible Tokens (NFT), Ethereum Ecosystem, DeFi, Gaming DeFi
• Max Supply: 1,000,000,000 SIPHER
• Total Supply: 410,406,611 SIPHER
• Circulating Supply: Reported figures range from approximately 89.7 million to 410 million SIPHER depending on the source
• Token Utility: Multifunctional governance token of the Sipher Universe and core asset of the SIPHER AGI ecosystem
• Launch Date: 1 December 2021
• Trade Launch Date: 9 December 2021
• ICO Price: $1.10
• Public Price: $0.36
• Private Price: $0.06
• Total Raised: $49.23 million across 4 completed rounds
• Official Website: https://playsipher.com/
• Whitepaper: https://atlas.atherlabs.com/sipher/whitepaper

Who created Sipher?

Sipher was founded by Tin Nguyen, who serves as Founder and World Architect. The project's founder is also referenced as Tin Nugyen in some materials. The core team includes Hai Nguyen as Art Director, Nghia Nguyen as Community and R&D Director, Justin Cohen as Brand Marketing Director, Duc Ho in Finance, Khang Le as Senior Product Manager for Gaming, Lai Vu as DevOps and Cloud Engineer Lead, and Tung Thach as a listed employee. Victor Tran, CEO at Kyber Network, is also listed as an associated employee, and the founders of SIPHER are cited as Victor Tran and Loi Luu, founders of the Kyber Network. The team has grown to a 120-person organisation according to the project's X account, with an earlier reference noting 40 employees. The project is based in Ho Chi Minh City. Sipher has attracted backing from 17 investors, including Arrington XRP Capital and Hashed as lead investors, along with Alameda Research, HyperChain Capital, Delphi Digital, Dragonfly Capital, CMT Digital, Fenbushi Capital, DeFiance Capital, Merit Circle, GBV Capital, Signum Capital, Sfermion, BITKRAFT Ventures, Kyber Network, Coin98 Ventures, and Yield Guild Games.

How does Sipher work?

Sipher operates as a blockchain-based gaming ecosystem built on the Ethereum network, with additional references to Funki Chain and Optimistic Etherscan. The core experience, Sipher Odyssey, is a cross-platform roguelite ARPG set in the world of Sipheria. Players engage in fast-paced combat, utilise powerful augments, and apply deep strategy across every run. The game features unlockable game-changing effects that create elemental attacks and explosive abilities, transforming weapons with unique visual effects. Characters in the game are equipped with powerful robotic enhancements, possessing exceptional combat abilities and advanced technology. The SIPHER token functions as the multifunctional governance token of the Sipher Universe, allowing holders to participate in the governance of the ecosystem. The project also incorporates a play-to-earn model, enabling players to earn rewards through gameplay. The token contract includes features such as UI Multiplier changes based on the UIMultiplierUpdated event. Token distribution follows a structured vesting schedule, with different allocations for seed round participants, strategic round participants, public round participants, team and advisors, marketing, liquidity, play-to-earn rewards, and founders. The project also references a token swap mechanism available through token.playsipher.com for swapping SIPHER across Ethereum and Funki Chain.

What makes Sipher unique and valuable?

Sipher distinguishes itself through its combination of a high-quality gaming experience and blockchain-based ownership and governance. The project is positioned as a pioneering effort in the Gaming x AI space, integrating artificial intelligence concepts into its ecosystem through the SIPHER AGI framework. The game world of Sipheria offers an immersive action adventure RPG roguelike experience with fast-paced combat and strategic depth, available across multiple platforms including Google and Apple app stores. The project's community-driven approach is reflected in its governance token model, where SIPHER holders participate in shaping the ecosystem. The involvement of notable investors and advisors, including the founders of Kyber Network and backing from 17 investment firms, provides credibility and strategic support. The project has demonstrated ongoing development through its Open Alpha and Open Beta launches across 46 countries, and it continues to expand with initiatives such as the Ather Collective and Play-to-Airdrop campaigns. The integration of a token swap mechanism and multi-chain references further enhances accessibility and utility within the broader DeFi and GameFi landscape.

What is Sipher used for?

The SIPHER token serves multiple functions within the Sipher ecosystem. Primarily, it acts as the multifunctional governance token of the Sipher Universe, enabling holders to participate in decision-making processes related to the project's development and direction. As the lifeblood of the SIPHER AGI ecosystem, the token is integral to the project's artificial intelligence initiatives. Within the Sipher Odyssey game, the token supports the play-to-earn model, allowing players to earn rewards through gameplay and trading activities. The token is also used in the Sipher Marketplace for NFT transactions and other in-game asset exchanges. Token holders can participate in staking and liquidity provision, contributing to the ecosystem's financial infrastructure. The project has implemented a structured vesting and distribution schedule for the token, with allocations for seed investors, strategic partners, public sale participants, team members, advisors, marketing efforts, liquidity incentives, play-to-earn rewards, and founders. Additionally, SIPHER can be swapped across supported chains through the official token swap page, and it is available for trading on various platforms with multiple trading pairs including SIPHER/USD, SIPHER/BTC, SIPHER/ETH, and SIPHER/Gaming.

How Is the Sipher ecosystem developing?

The Sipher ecosystem continues to expand through multiple interconnected components. Sipher Odyssey, the flagship game, has progressed from Open Alpha to Open Beta, with availability across 46 countries and distribution through Google and Apple app stores. A community build PC demo has been referenced as coming soon. The project has introduced the Ather Collective and launched a Play-to-Airdrop campaign associated with the $ATHER token, creating additional engagement opportunities for participants. Sipher Atlas serves as a knowledge and resource hub for the ecosystem, while the SIPHER AGI ecosystem represents the project's artificial intelligence ambitions. The World of Sipher section on the official website encompasses the wiki, news, Atlas discovery, and FAQ resources. The Sipher Marketplace provides an NFT trading venue for in-game assets. The project has also announced upcoming distribution of tokens to Seed Investors, with Founders, Team, and Advisors continuing to lock their tokens until the official Global Launch, which is expected in Q2 2025. Recent developments include Sipher's planned presence at Gamescom, reflecting ongoing efforts to expand its visibility and community reach within the gaming industry.

How to mine Sipher?

Sipher does not operate on a traditional proof-of-work mining model. As a token built on the Ethereum blockchain, SIPHER is not mined through computational power. Instead, participants can acquire SIPHER through several mechanisms within the ecosystem. The primary method is through gameplay in Sipher Odyssey, where the play-to-earn model allows players to earn token rewards by engaging with the game and completing various activities. Liquidity provision is another avenue, as the tokenomics include a liquidity allocation with a 15% token generation event unlock and a monthly vesting schedule. Staking opportunities may also be available, allowing token holders to participate in network activities and potentially earn rewards. The project's Play-to-Airdrop campaign, associated with the Ather Collective, offers another way for community members to obtain tokens through participation. Additionally, SIPHER can be acquired through supported trading platforms and swapped across chains via the official token swap page. The structured vesting schedule for different participant groups, including seed investors, strategic partners, team members, and advisors, ensures a controlled distribution of tokens over time.

How to keep your Sipher Coin safe?

Securing SIPHER tokens requires adherence to established cryptocurrency safety practices. Since SIPHER operates on the Ethereum blockchain with references to Funki Chain and Optimistic Etherscan, users should ensure they are interacting with the correct contract addresses when conducting transactions. The official contract address on Optimistic Etherscan is 0xb94944669f7967e16588e55ac41be0d5ef399dcd. Hardware wallets provide the highest level of security for storing tokens, as they keep private keys offline and protected from online threats. For those using software wallets, selecting reputable providers with strong security features and enabling two-factor authentication is essential. Users should verify all transaction details before confirming, particularly when using the token swap page at token.playsipher.com. Keeping recovery phrases and private keys confidential and stored in secure locations is critical. Avoiding suspicious links and only accessing official resources, including the website at playsipher.com, the X account at @playSIPHER, and the Discord community at discord.gg/playsipher, helps prevent phishing attacks. Regularly updating wallet software and staying informed about official announcements through verified channels further enhances security. As with any digital asset, users should never share their private keys or recovery phrases with anyone.