Cudos exhibits a cloud distributed computing service that intends to make good usage of the computing power across the world. It was founded in the year 2017 and built services surrounding a network that is distributed with resources that possess and profit upon unused hardware.
The clients of Cudos can harness the computing resources in a secure way and lower price in comparison with centralized alternatives. Alternatively, the owners of hardware are motivated to share the resources for offering the end-customers cost-effective and low-latency resources.
The Upward Journey Of Cudos
The introduction of the Network was a thrilling endeavor towards the technology market of blockchain. The realization of high-performance blockchains necessarily has access to off-chain resources.
In addition, Cudos Network fills the breach between the blockchain ledger and cloud computing ledgers in a secure, decentralized, and incentivizing way. The utility token offers access to the valuable revenue streams in this network.
Cudos tokens were oversubscribed, resulting in the presale as well as raising more than $10 million that is now listed in KuCoin. After the listing goes live, the traders of KuCoin will have a chance to access to stake the mechanism created to reward the users who want to lock their tokens for a fixed period of time.
Cudos ownership must access the cloud computing work and showing an all-round ticket to access the entire system. KuCoin is not the only listed token. BitMax and Poloniex were the earlier listing event. The token debuted at a price of $0.006 for each token and successfully managed to achieve $0.12 raise, indicating an increase of 2,000%.
At this moment the token is being traded at almost $0.07. It has 10 billion hard-capped coins and the funds are mostly raised through token sales, customer acquisition, validator nodes, and marketing strategy.
