Cudos is a decentralised blockchain compute network bringing scalable computation to permissionless smart contracts, providing:
• Blockchains a layer 2, Turing complete compute capacity accessible via smart contract
• Cloud services at a fraction of the cost and with extended personalisation and functionality
I. Project Introduction
Cudos is a decentralised blockchain compute network bringing scalable computation to permissionless smart contracts. Built in the Cosmos ecosystem Cudos has interchain connectivity with IBC alongside an efficient L1 proof of stake consensus mechanism using Tendermint. The underlying Cudo platform is live in over 145 countries, across enterprise and edge environments, and has over 500,000 users. Cudos Network is the next major release, providing a decentralised computing layer bridging on-chain and off-chain resources with oracles. Full smart contract support compiles to WebAssembly for maximum compute compatibility and efficiency allowing developers to tap into Cudo compute engine.
II. Token Information
1) Basic Information
Token name: CUDOS (Cudos)
Total supply: 10,000,000,000
Tokens in Circulation: 2,840,000,000 (23/02/2022)
2) Token Distribution and Token Release Schedule:
|Party||% of the total||Token Release Schedule|
|Founders & Early Team||20.000%||6 months lockup, 36 months vesting|
|Pre-sale purchasers||8.330%||12 and 6 months vesting (depending on price purchased)|
|Reserve & exchange listings||32.670%||10 year vesting, no lockup|
|Ecosystem & Community development||18.70%||10 year vesting, no lockup|
|Advisors||5%||6 months lockup, 24 months vesting|
|Staking rewards||15.30%||Monotonically decreasing curve over 10 years|
III. Related Links
Official Website: https://www.cudos.org/
Blockchain explorer Links: https://etherscan.io/token/0x817bbDbC3e8A1204f3691d14bB44992841e3dB35
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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