Cudos

CUDOS Price

What is Cudos about?

CUDOS powers a decentralised compute network that will interoperate with multiple blockchain ecosystems to provide the following benefits: 1. Trusted layer 1 validator network built on the Tendermint protocol - Wasm compatibility, for smart contracts to be deployed on CUDOS using next-generation languages so long as they compile to WebAssembly. I.e. Golang, Rust, Java etc. 2. Cross-chain or Horizontal interoperability thanks to the network’s Inter Blockchain Communication (IBC) integration, allowing Cudos Network smart contracts to interface with multiple networks. 3. 10x lower transaction and gas costs compared to those on PoW networks - A massively scalable network to facilitate more sophisticated smart contract operations 4. Higher performance with anywhere between 200 to 500 Peak TPS on the network - access to a globally distributed layer 3 network of secure cloud, and compute, resources Turing complete solutions for non-Turing complete Layer 1 blockchain networks. With the underlying Cudo platform live in over 145 countries, across enterprise and edge environments, and used by over 250,000 users, CUDOS is the next major release, providing a decentralised computing layer bridging on-chain and off-chain resources. The CUDOS token serves the following clear purposes: Transaction payments, Network governance and operations, a staking mechanism for receiving blockchain and cloud workloads, and a medium of exchange (MoE). What is CUDOS trying to solve? Scaling on blockchain is both expensive and limited in the type of use-cases it can support. CUDOS solves this issue by providing a highly scalable Layer 2 and 3 solution, connecting both on-chain and off-chain consumers to the network via smart contracts and APIs.

What makes Cudos unique?

CUDOS is the first decentralised computing network to provide services to both on-chain and off-chain infrastructure consumers. Built on the Cosmos blockchain and utilising the Tendermint protocol for secure BFT consensus, the CUDOS validator network will provide a globally distributed and highly secure network able to allocate more intensive workloads out to the underlying Layer 3 Cudo platform.

What's the history of Cudos?

CUDOS was founded by Mathew Hawkins, an award-winning entrepreneur, who previously founded C4L, a data center, cloud and network infrastructure provider that grew to support 1% of the UK’s internet infrastructure. Exiting in 2016 for $30m, Mathew started Cudo and the CUDOS network to build infrastructure services in software, what he previously achieved in hardware. The executive team have backgrounds in building and scaling and SaaS with COO Lee Woodham, who has over 25 years split across scaling financial services and tech companies. The board of advisors also includes David Juxon, former MD of Bank of America, Chris Deering, Former President of Sony Entertainment (Playstation), Joerg Roskowetz, Director of Blockchain for AMD and Maggie Fang, early investor in Uber and Alibaba.

What's next for Cudos?

There is a maximum supply of 10 billion CUDOS tokens released over a 10 year period (starting from the 11th January 2021). The total supply of 10 billion CUDOS is distributed via multiple allocations, with 34% Ecosystem & Community Development, 33.78% Reserve, 20% Team (2% released based per milestone achieved. 10 key pre-determined milestones), 5% Advisors and 7.22% to presale token holders. Use of funds will be as follows: 30% Research & Product Development, 10% Administration & Operations, 20% marketing, 10% CUDOS Validator Nodes (CVN), 13% User Acquisition, 10% Community Engagement and 7% Contingency.

What can Cudos be used for?

CUDOS powers a decentralised compute network that will interoperate with multiple blockchain ecosystems to provide benefits such as lower transaction costs, higher performance, and cross-chain interoperability, making it suitable for various use cases.

Where can you buy Cudos?

CUDOS tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Cudos is Uniswap V2 (Ethereum), where the most active trading pair CUDOS/WETH has a trading volume of $870.96 in the last 24 hours.

What is the daily trading volume of Cudos (CUDOS)?

The trading volume of Cudos (CUDOS) is $870.88 in the last 24 hours, representing a 603.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Cudos (CUDOS)?

Cudos (CUDOS) reached an all-time high of BTC0.0₅3529 and an all-time low of BTC0.0₇3682. It’s now trading -97.30% below that peak and 114.20% above its lowest price.

What is the market cap of Cudos (CUDOS)?

Market capitalization of Cudos (CUDOS) is BTC316.9891 and is ranked #941 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CUDOS tokens (7.4 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Cudos (CUDOS)?

The fully diluted valuation (FDV) of Cudos (CUDOS) is BTC400.4757. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion CUDOS tokens are in circulation today. Depending on how the emission schedule of CUDOS tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Cudos compare against its peers?

With a price decline of -19.30% in the last 7 days, Cudos (CUDOS) is underperforming the global cryptocurrency market which is down -6.70%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -6.50%.

How to add Cudos (CUDOS) to MetaMask?

Adding Cudos (CUDOS) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CUDOS as a token. You can copy CUDOS’s contract address (0x817bbdbc3e8a1204f3691d14bb44992841e3db35) and import it manually, or if you've installed MetaMask's chrome extension, add CUDOS to MetaMask with one click on CoinGecko.

Add CUDOS to MetaMask.