CUDOS token is a capped supply token
There is a limited supply of the CUDOS token. The current circulating supply is roughly 2.8 billion, while the total cap is set at 10 billion. The circulating supply is not always liquid, though, as a significant portion of tokens are locked into staking contracts or reserved for incentives.
The benefits to asset suppliers, meanwhile, will be in the form of new or increased revenue. Cryptocurrency miners are among the first supply-side adopters of Cudo compute due to the powerful computational assets they possess. Cudo already has over 20,000 concurrent devices at any point in time and over 30,000 active devices each month that are expected to adopt Cudo compute jobs. Their high powered CPU and GPU devices are ideally suited to perform distributed computing. Calculations show that at certain times, depending upon various factors such as cryptocurrency hash rates and prices, miners can increase their profits by 2–4x by switching to distributed computing. One of the most common concerns among crypto miners is the uncertainty of generating a sustainable income. Distributed computing will offer miners an alternative and more stable source of income, ensuring that they are no longer reliant on the health of the cryptocurrency markets for revenue generation.
Token utility
The CUDOS token is used to pay transaction fees, stake and delegate in the Cudos network.
Cudos Network
Key token functions are:
- Earning the right to validate and secure the Cudos network requires a stake of 2,000,000 CUDOS.
- Rewards are allocated as CUDOS in return for securing the network.
- Delegators support Validators to secure the network and receive a proportion of rewards.
Wider ecosystem
Key token functions are:
- Using CUDOS to perform transactions.
- Using CUDOS to perform cross-chain transactions across the Cosmos ecosystem.
Where can I get CUDOS?
- Get native CUDOS directly from AscendEX. You can transfer directly to your hot or cold wallet.
- Connect your wallet to Osmosis and exchange your assets for CUDOS.
- For any wrapped or ERC-20 CUDOS you can purchase them via multiple exchanges listed on CoinGecko and CoinMarketcap.
About Cudos
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
For more:
Website, Twitter, Telegram, YouTube, Podcast, Discord, Medium
Originally published at https://www.cudos.org.
