The United Kingdom-based decentralized cloud network Cudos has announced that its token is now listed on Crypto.com’s globally recognized digital asset exchange. This high-profile listing on one of the world’s most popular exchanges will make the CUDOS token available to millions of users across 90-plus countries, helping to drive Cudos’ ambition to power Web3.
The Cudos network is a layer-1 (L1) blockchain designed for maximum flexibility and scalability. With its high throughput, low transaction fees and user-friendly development tools, it offers the ideal platform for building future-proof decentralized applications (DApps) and metaverse experiences.
The network is also highly interoperable, forming an integral part of the wider Web3 space. As part of the Cosmos ecosystem, it features simple and efficient interchain bridging to other Cosmos chains and Ethereum via the Cudos bridge. With other bridges planned for the coming months, Cudos is committed to an open and collaborative future for Web3.
The CUDOS token
The CUDOS token is the lifeblood of the Cudos blockchain, helping to secure the network and provide extensive utility. Tokenholders can take advantage of a range of benefits, including staking, governance rights and native nonfungible token (NFT) minting. And thanks to Cudos’ partnerships with NowPayments and Shopping.io, the token can also be used for purchases across a huge range of e-commerce stores.
Building the cloud of the future
The recent mainnet launch of the Cudos network is just the first step in the company’s far-reaching plan to power the future of the web. Building on this foundation, the forthcoming Cudo Compute platform will offer a revolutionary solution for distributed cloud computing.
By distributing computing tasks across an open, permissionless network, Cudo Compute will be able to offer a sustainable and robust source of cloud computing, all powered by the CUDOS token. By significantly expanding the global reach of the CUDOS token, the Crypto.com listing will help Cudos to realize its ambitious vision.
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 expanding ecosystem
In addition to Crypto.com, CUDOS is also available on a number of other prominent exchanges, including Huobi Global, KuCoin, Bittrex Global, AscendEx and Liquid. These listings have driven the rapid adoption of the CUDOS token over the past year, alongside an extensive ecosystem of partnerships with industry leaders and innovative start-ups.
Potential future benefits
- Monetization for users’ devices: In the future, Cudo Miner users will be able to get paid and withdraw their CUDOS straight to their Crypto.com accounts and spend their earnings however they want. Cudos aims to launch this feature once its native coin, CUDOS, is listed on Crypto.com in the coming months.
- Interoperability: Crypto.com’s blockchain Cronos is built on the Cosmos SDK, just like the native Cudos network. Consequently, the two have a high degree of continuity and interoperability. This is essential when building DApps, smart contracts and multichain solutions. Ultimately, this would drive DApps adoption as well.
As the project evolves, it’ll be looking to introduce additional features to benefit Web3 developers and CUDOS tokenholders.
Explore CUDOS on Crypto.com.
If users would like to find out more about the Cudos network, visit its mainnet page for a full overview of the benefits and the different ways to get involved.
One can also:
- Join the Cudos Discord server
- Join the Cudos Telegram community
- Buy CUDOS tokens
- Become a Cudos ambassador
Cudos is powering the metaverse, bringing together decentralized finance, NFTs and gaming experiences to realize the vision of a decentralized 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 1,000-fold higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is an L2 blockchain and layer-2 community-governed compute network designed to ensure decentralized, permissionless access to high-performance computing at scale. Its native utility token CUDOS is the lifeblood of the network and offers an attractive annual yield and liquidity for stakers and holders.
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