CUDOS, the cloud computing platform, has not too long ago been listed on the KuCoin platform. CUDOS is a whole multi-chain layer-2 oracle community that connects blockchain tasks to a distributed ecosystem, the place they’ve entry to computing powers at decrease charges.
CUDOS Offering Entry To Decentralized Cloud Computing
CUDOS is a multi-chain Layer 2 answer that’s cost-effective and is ruled by good contracts. By connecting the blockchain world to the Cudo platform, the CUDOS community will increase the efficiency for DeFi and different common blockchain use instances.
Since 2017, the CUDOS community and CUDOS platform have been in growth. Backed up by a motivated staff and a confirmed observe file, the community managed to assemble greater than 150,000 customers worldwide. At the moment current in over 145 nations and 20,000 nodes worldwide, the staff has plans to broaden its community with the KuCoin itemizing.
The good contracts within the CUDOS platform present entry to decentralized cloud computing and permit blockchains to connect with safe exterior platforms. CUDOS shoppers can harness the cloud computing sources securely at a a lot lower cost. It additionally allows good contracts to request off-chain computing and run code in languages like C++, Python, and GO.
The platform overcame the challenges of high-latency and privateness points as skilled by privately-owned knowledge facilities like Google Cloud, Amazon Net Companies, and Microsoft Azure by channeling the unused energy from cryptocurrency mining farms, knowledge facilities, and privately owned {hardware}.
The CUDOS Token Itemizing On KuCoin
After elevating over $10 million, CUDOS has not too long ago been listed on KuCoin, probably the most superior and safe cryptocurrency trade. This itemizing has enabled merchants with the chance to entry a profitable staking mechanism that’s designed to reward customers who select to lock-up their tokens for a restricted timeframe.
The primary itemizing of the CUDOS token was on BitMax, whose funding part attracted many guests in buying the token at $0.006. Proper after the general public itemizing on BitMax, the token has proven a development of 2350% by attending to an all-time excessive of $0.147 with important buying and selling quantity.
CUDOS – Staking Program
The CUDOS community has a staking system that additionally helps delegated staking. Supported by an incentivized validator node, it earns as much as 30% of its stake every year. Rewards are supplied for the stakers through delegated staking program to customers that fail to build up 2M staking in minimal. The decrease the proportion of tokens staked, the upper the rewards and vice versa.
The CUDOS Token
The CUDOS ERC-20 token permits customers to earn rewards by staking. Staking a minimal of 2million CUDOS tokens permits customers to develop into a CUDOS Validator Node(CVN). By adjusting the Annual Proportion Return (APR), the variety of validators on the community could be managed, permitting extra customers to hitch this system. For individuals who can not stake 2million tokens, Delegated staking is supplied to help them earn rewards. CUDOS acts as a governance token that enables the token holders to take part within the community’s governance.
The CUDOS token goals to energy the infrastructure of Net 3.0. CUDOS decentralizes the cloud by decreasing charges, upgrading the world extensive internet, and connecting blockchain ledgers to off-chain computing sources. At the moment, the token is on the market for buy and sale through the CUDOS/USDT pair.
