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About Cudos Ico
Founded in 2017 by serial tech entrepreneur Matt Hawkins, Cudos Ico highly experienced team of entrepreneurs, engineers, data scientists and strategists, are joined by world class advisors including the Ex-President of Sony Playstation, Chris Deering and the Director of Blockchain at AMD, Jörg Roskowetz with the mission to ‘Make Better Use of the World’s Computing Power.’
Cudo is already generating revenue with users in over 145 countries. This network, comprising of tens of thousands of blockchainers, gamers and service providers, will become early providers to cloud consumers globally. The CUDOS network links the blockchain world to the extensive Cudo platform through a smart contract governed layer 2 oracle, reducing the cost and increasing the performance for DeFi and other popular blockchain use cases.
Token Basic Information
CUDOS is a layer 2 oracle network, governed by smart contracts, connecting blockchain developers and services including DeFi, to a global footprint of computing power on the Cudo platform. Cudo is a distributed computing platform already providing customers around the World with up to 10x more cost effective computing, whilst also providing more equity for hardware owners.
What is a governance token?
One of the main attractive points of blockchains is decentralisation. By not having a central trusted entity, blockchains are not controlled by a single person or company, but by the community developing and sustaining it. As such, all projects built on top of a blockchain need to aim for that same level of decentralisation at some point, as otherwise this key property would be lost.
Governance tokens are a solution for the platforms built on top of blockchains to avoid single points of trust. Similar to PoS, governance tokens allow all stakeholders to participate in the network, and in the decision making processes that alter the behaviour and the attributes of the network.
Cudos Ico One way to think about this is in terms of democracy: all token holders are eligible to vote on proposals that any of them push forward in the community. That way, there is no need for a central entity that controls the network, as the community itself rules it democratically.
CUDOS validator nodes (CVNs) will have control over the governance of the CUDOS network. Trust scores will be used to calculate a weighted average score, which will determine the weight of each node in the decision making process. By limiting the total amount of CUDOS tokens staked and the delegated staking that each CVN can receive, as well as introducing weighted probability algorithms to distribute the selection of nodes when developers do not explicitly choose them, the network is expected to have an even distribution of stakes among a sufficiently large number of nodes.
Each CVN will be free to choose how to involve users delegating their stake to them. For example, they could choose to regularly propose polls about the most discussed topics within its delegators, to then propose changes on the network based on the outcomes. In order to ensure a smooth start of the platform and to prevent abuse, Cudos Ico will control the governance of the network in the initial alpha stages. When validators have earned a high enough score and the platform has reached enough maturity and usage, governance will be fully handled by the nodes.
The Applications of Compute
Cudos Ico computing already uses around 20 million servers, and this number is rapidly increasing. By adding to the network the billions of electronic devices that are spread around the world, distributed computing is the bridge to the mass-adoption of this revolutionary technology.
- BUY or RUN an approved CUDOS validator server
- STAKE 2 million CUDOS and stake for compute workloads
- EARN up to 30% staking reward per annum + passive income from blockchain & compute jobs
Benefits of Decentralisation
Become a CUDOS citizen and be part of the next web3 era. Provide your opinion on updates and changes to the network.
Vote on proposals to apply changes to the network and grants for projects to be built on CUDOS.
Support the network by staking tokens or become a validator and receive rewards for your contribution.
Store your CUDOS assets on the network or with the many wallet partners.
Supporting multiple chains including Ethereum, Polkadot and many more in the future.
Cudos Ico Build your own dapps and integrate smart contracts on the decentralised CUDOS Web3 network.