CUDOS

What is KUDOS?

The CUDOS token or simply CUDOS is a native token that powers the Cudos network. The latter is a distributed cloud computing network that is 100% decentralized.

CUDOS has several use cases, however its main functionality revolves around bid.

• Staking. Network participants must Bet on CUDOS to be able to perform computing tasks. Moreover, the placement of CUDOS entitles holders to receive exclusive discounts on commissions. In addition, CUDOS plays a key role in ensuring the security of the Cudos network. CUDOS holders can become a CUDOS Validator Node (CVN) and receive staking rewards.
• Control. CUDOS serves as a governance token and provides voting rights to its holders. In other words, it allows token holders to determine the future development of the project through community voting.

The token itself is based on ERK-20 token standard. Users can use Cudos Bridge to exchange their ERC-20 based tokens for native CUDOS tokens.

The maximum limit is 10,000,000,000 CUDOS. The limited supply of tokens makes it deflationary. This means that there is a possibility that the price of CUDOS will increase given the strong demand and decreasing availability of CUDOS tokens.

They were distributed as follows:

• 34% – Development of ecosystems and communities;
• 33.78% – Reserve;
• 20% – Team;
• 5% – Advisors;
• 3.33% – Strategic investors;
• 2.22% – Private sale;
• 1.67% – Public sale.

You can purchase the CUDOS token by visiting the main supported exchanges. Check out our list of recommended exchanges for CUDOS in the section above.

CUDOS is a cryptocurrency, so it is prone to periods of volatility. In other words, the price of CUDOS fluctuates.

Therefore, it is important to do proper research before making a purchasing decision. A good starting point is the CUDOS price chart above, which will show you the price history of the token as well as other details of the token.

What are the main features of CUDOS?

As discussed in the “What is CUDOS” section, CUDOS is distributed computing network based on blockchain technologies. The project team used Cosmos and Tendermint for the development process.

The latter is responsible for the consensus mechanism used to secure the Cudos network. CUDOS works using Byzantine fault tolerance (BFT) Proof of Stake (PoS) consensus. It is also called the Tendermint core. Simply put, validators stake their CUDOS tokens and validate transactions, which in turn rewards them with more CUDOS.

One of the main goals of the project is to ensure that computing power is not wasted by providing opportunities for both individuals and businesses to use this free computing power.

This benefits those who need computing power (consumers) and those who have an abundance of it (suppliers). Consumers purchase cloud services, and providers profit from idle computing power.

Who developed CUDOS?

Crypto project CUDOS was founded in 2017. Its founder is a serial entrepreneur. Matt Hawkins who is currently the general director of the project.

CUDOS was his first rodeo. In the early 2000s, Matt Hawkins founded C4L, a large internet service provider in the UK. Before launching CUDOS, he introduced Cudo, a cloud computing project from which the Cudos network was born.

CUDOS was able to assemble a solid team of consultants, including Jörg Roskovc from Blockchain for AMD, Chris Dearing from Sony Entertainment Europe, Maggie Fung from Alibaba and Uber, Malcolm Tuck from ESET and Kaspersky Antivirus, Chris Gale from Verasity.io and Sean. Lee from Kitematic.

In addition, CUDOS has signed partnership agreements with major players in the crypto industry such as Algorand, AMD, Animoca Brand and many others.

If you are thinking about purchasing CUDOS, be sure to take a look at the CUDOS price chart above to get more information on its trends.