The United Kingdom-based decentralized cloud community Cudos has introduced that its token is now listed on Crypto.com’s globally acknowledged digital asset alternate. This high-profile itemizing on one of many world’s hottest exchanges will make the CUDOS token accessible to tens of millions of customers throughout 90-plus international locations, serving to to drive Cudos’ ambition to energy Web3.
The Cudos community is a layer-1 (L1) blockchain designed for max flexibility and scalability. With its excessive throughput, low transaction charges and user-friendly growth instruments, it provides the perfect platform for constructing future-proof decentralized purposes (DApps) and metaverse experiences.
The community can also be extremely interoperable, forming an integral a part of the broader Web3 house. As a part of the Cosmos ecosystem, it options easy and environment friendly interchain bridging to different Cosmos chains and Ethereum through the Cudos bridge. With different bridges deliberate for the approaching months, Cudos is dedicated to an open and collaborative future for Web3.
The CUDOS token
The CUDOS token is the lifeblood of the Cudos blockchain, serving to to safe the community and supply in depth utility. Tokenholders can reap the benefits of a spread of advantages, together with staking, governance rights and native nonfungible token (NFT) minting. And due to Cudos’ partnerships with NowFunds and Shopping.io, the token may also be used for purchases throughout an enormous vary of e-commerce shops.
Building the cloud of the long run
The latest mainnet launch of the Cudos community is simply step one in the corporate’s far-reaching plan to energy the way forward for the online. Building on this basis, the forthcoming Cudo Compute platform will supply a revolutionary answer for distributed cloud computing.
By distributing computing duties throughout an open, permissionless community, Cudo Compute will be capable to supply a sustainable and strong supply of cloud computing, all powered by the CUDOS token. By considerably increasing the worldwide attain of the CUDOS token, the Crypto.com itemizing will assist Cudos to comprehend its bold imaginative and prescient.
As Cudos’ CEO Matt Hawkins explains: “The recent launch of the Cudos mainnet has been an incredible achievement, the result of years of hard work by our dedicated team and the support of our vibrant and active community. Now that the network is live, we’re looking to the future with our goal of building a decentralized, sustainable and connected world. Thanks to this major new listing on Crypto.com, we’ll be able to introduce a whole new universe of users to the benefits of our blockchain.”
An increasing ecosystem
In addition to Crypto.com, CUDOS can also be accessible on a lot of different distinguished exchanges, together with Huobi Global, KuCoin, Bittrex Global, AscendEx and Liquid. These listings have pushed the fast adoption of the CUDOS token over the previous 12 months, alongside an intensive ecosystem of partnerships with trade leaders and revolutionary start-ups.
Potential future advantages
- Monetization for customers’ units: In the long run, Cudo Miner customers will be capable to receives a commission and withdraw their CUDOS straight to their Crypto.com accounts and spend their earnings nonetheless they need. Cudos goals to launch this function as soon as its native coin, CUDOS, is listed on Crypto.com in the approaching months.
- Interoperability: Crypto.com’s blockchain Cronos is constructed on the Cosmos SDK, similar to the native Cudos community. Consequently, the 2 have a excessive diploma of continuity and interoperability. This is crucial when constructing DApps, good contracts and multichain options. Ultimately, this might drive DApps adoption as effectively.
As the venture evolves, it’ll be trying to introduce further options to learn Web3 builders and CUDOS tokenholders.
Explore CUDOS on Crypto.com.
Support Cudos
If customers wish to discover out extra concerning the Cudos community, go to its mainnet web page for a full overview of the advantages and the alternative ways to become involved.
One also can:
Build on Cudos.
About Cudos
Cudos is powering the metaverse, bringing collectively decentralized finance, NFTs and gaming experiences to comprehend the imaginative and prescient of a decentralized Web3, enabling all customers to learn from the expansion of the community. We’re an interoperable, open platform launchpad that can present the infrastructure required to fulfill the 1,000-fold greater computing wants for the creation of totally immersive, gamified digital realities. Cudos is an L2 blockchain and layer-2 community-governed compute community designed to make sure decentralized, permissionless entry to high-performance computing at scale. Its native utility token CUDOS is the lifeblood of the community and provides a lovely annual yield and liquidity for stakers and holders.
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