How Does CUDOS Coin Operate?
Cudos (CUDOS) stands as a decentralized cloud computing network that strives to amalgamate cloud and blockchain technologies, forging a sustainable and cost-effective computing paradigm. Its mission is to empower individuals and entities to earn rewards through affordable, accessible, and eco-friendly computing solutions. The overarching vision of the platform is to foster global connectivity through an economical and decentralized computing network.
Who is the Founder of CUDOS?
The history of Cudos dates back to its founding in 2017, with the beta version of the Cudos platform launched in the first quarter of 2019. Matt Hawkins is the CEO and founder leading the company alongside CMO David Pugh-Jones, a veteran with over 16 years of experience in cloud computing. Andrew Sturmey serves as the CTO.
What is the Total Volume of CUDOS Token in Circulation?
The maximum total supply of CUDOS tokens is capped at 10,000,000,000, and the whitepaper was published in January 2021. However this figure are likely to change as the crypto market is unstable.
What are the Working Principles of CUDOS?
The Cudos network operates through a series of smart contracts functioning as cloud computing services, facilitating the secure integration of blockchains with external sources. These smart contracts, akin to traditional contracts, exist as protocols on the blockchain rather than being documented on paper.
The CUDOS token serves as a versatile utility token within the Cudos platform. Token holders can utilize it for trading and staking, and it also functions as a discount token for transferring a portion of the value generated on the Cudo network.
The distribution of the total token supply is structured as follows: 34% is allocated for community and ecosystem development, 33.78% is reserved for the platform, 20% is designated for the team, and 5% is allocated to platform advisers. Additionally, 2.22% is earmarked for private sales, 1.67% for public sales, and 3.33% for strategic venture capitalists.
In terms of fund utilization, the platform allocates 30% of the raised funds from CUDOS tokens to research and product development. The remaining 70% is distributed across administration and operations (10%), marketing and development (20%), node validation (10%), user acquisition (13%), and community engagement (10%), with 7% reserved for upcoming events.
What are the function of CUDOS Coin?
CUDOS is a utility token with functionality including staking, payment and medium of exchange.
Cudos Token also functions as a discount token for transferring a portion of the value generated on the Cudo network.
Where can I Trade CUDOS Token?
Cudos token can be traded on several crypto exchange. The most popular exchange for trading CUDOS Token are Binance, Coinbas, Crypto.com, and Kucoin.
