There is still no clear info about how much has been raised totally. Team is saying this info is private for now.
Cypherium is a highly scalable & permissionless blockchain platform, with a hybrid consensus mechanism that utilizes both proof-of-work and HotStuff Byzantine fault tolerance.
The project also implements Cypherium Virtual machine, a Turing-complete virtual machine for smart contracts that runs on Java, the most widely-utilized and reliable programming language in the world. This enables to democratize the development of smart contracts and lower the barrier to blockchain adoption for existing enterprise.
In Cypherium network there is Dual Chain Structure & Hybrid Consensus:
An election chain chooses Proof-of-Work leaders to write new blocks, while a transaction chain uses HotStuff consensus to verify the transaction data within those blocks. Building off Bitcoin-NG and ByzCoin protocols, the Cypherium blockchain is optimized for both on-chain scalability & permissionless mineability through this hybrid approach to consensus.
Mainnet preview is currently online:
Available for token sale
Initial circulating supply