CUDOSCUDOS
$0.0134
Market/Exchange
CUDOS Price Prediction and Price Movement
CUDOS is up 350.04 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of CUDOS can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, CUDOS has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on CUDOS's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
CUDOS Price Chart
About CUDOS
What is CUDOS?
CUDOS is a decentralised blockchain-based network that provides access to sustainable and highly scalable distributed cloud computing resources for Web3 natives and enterprises requiring GPU-optimised and general computing virtual machines to power their dApps and AI workloads.
The CUDOS blockchain was launched in 2022 after years of focused development aimed at bridging the gap between blockchain and cloud technologies.
As a proof-of-stake layer 1 built on the Cosmos ecosystem, CUDOS’ goal is to become the default computational layer for all major chains, while also providing a low-cost, fast transaction network for dApps built directly on the CUDOS blockchain. The network is 100% carbon-neutral and utilises the Tendermint and IBC protocols for governance and interoperability.
Use cases encompass AI, digital twinning, the metaverse, the tokenisation of real-world assets, and Web3 node infrastructure.
What problem does CUDOS address?
In the realm of blockchain, scalability often comes at a high cost, and developers lack native access to general and high-performance computing resources. CUDOS addresses this challenge by providing an immensely scalable Layer 1 and compute oracle solution. This innovation seamlessly connects sustainable on-chain and off-chain infrastructure to the network through smart contracts and APIs.
Who is the team behind CUDOS?
CUDOS was developed by the team that founded CUDO Ventures in 2017, including CEO Matt Hawkins, a recipient of multiple entrepreneur awards for his previous rapid-growth tech companies. The team boasts extensive experience in cloud and blockchain technologies, having previously established and successfully exited the UK's largest privately owned data centre and cloud aggregation business. Their vision is to create a more sustainable cloud and blockchain model accessible to the rapidly expanding web3 developer community.
The advisory board includes prominent figures such as David Juxon, former Managing Director of Bank of America; Chris Deering, former President of Sony Entertainment (PlayStation); Joerg Roskowetz, Director of Blockchain for AMD; and Maggie Fang, an early investor in Uber and Alibaba.
What makes CUDOS unique?
Simply put, CUDOS equips developers with the tools, ecosystem, and interoperability needed to create, publish, and operate their dApps and tokens.
Whether you aim to tokenise a sustainable Real World Asset or drive the neural network supporting your DeFi application, CUDOS offers an ultra-scalable, cost-effective, high-throughput network with cross-chain and multi-chain capabilities.
CUDOS is proud to be 100% carbon neutral.
How is the CUDOS network secured?
The CUDOS Network utilises the Byzantine Fault Tolerant Bonded Proof of Stake mechanism, as featured in the Cosmos SDK, known as Tendermint Core, serving as its consensus engine. Validators within the CUDOS network stake a specified amount of CUDOS to securely and highly reliably earn transaction validation fees. This security approach is fortified by the application of the Cosmos SDK's staking, slashing, and governance modules. These modules incentivise a minimum of 95% uptime and swiftly detect and eliminate validators known to perform double-signs or other known forms of bad actor behaviour.
Who are the major partners of CUDOS?
CUDOS has partnered with prominent and esteemed names in both the blockchain and enterprise computing verticals. This includes collaborations with AMD, Elrond, Fetch.ai, Ferrum Network and Kyoto Protocol. Noteworthy strategic supporters include Outlier Ventures (OV), Animoca Brands, Protocol Labs and Borderless Capital.
How many CUDOS coins are there in circulation?
The total supply of CUDOS tokens is capped at 10 billion, with releases occurring over a 10-year span, starting on January 11, 2021. This allocation of 10 billion CUDOS tokens is allocated across various categories, including:
- 34% for Ecosystem & Community Development
- 33.78% as a Reserve
- 20% designated for the Team (released in 2% increments for each of the 10 predetermined milestones)
- 5% allocated to Advisors
- 7.22% allocated to presale token holders
In terms of fund allocation, the breakdown is as follows:
- 30% for Research & Product Development
- 10% for Administration & Operations20% earmarked for Marketing
- 10% dedicated to CUDOS Validator Nodes (CVN)
- 13% allocated for User Acquisition
- 10% directed towards Community Engagement
- 7% reserved as Contingency.
Where can you buy CUDOS?
As of the current date, exchanges facilitating CUDOS native token trading include Ascendex and Osmosis Frontier. CUDOS ERC20 token trading is available on Binance US, Ascendex, KuCoin, Gate.io, Uniswap, Bittrex, Poloniex, CoinField, Liquid, and several others.