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Cudos Network Flexibility and Scalability Solution (Check This Out)

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In a bear market, there are some projects crossing amazing milestones and making huge awareness in the space due to the non-relenting behaviour of the project team.

Just lately, Cudos Network a decentralized cloud network got its utility token $CUDOS listed on globally recognized digital asset exchange crypto.com and this has increased the awareness of the project and boosted the price action of the token.

Let's Dive Into Some Unique Features About The Project Cudos Network is known as a layer-1 blockchain which is an architectural construction that has to do with maximum flexibility and scalability, these are major problems in the blockchain industry and Cudos comes with a solution. As of the time of this article, the blockchain has 27 active validators which can be found on its explorer with an average block time of 6.14s. The project is a middle-level project in terms of market cap as its sits on 33.7 Million dollars based on the present market price.

The launch of its mainnet has brought in 3 tools which users can now use to interact with Cudos Network conveniently and manage their funds in a decentralized model. Explore these three tools via Takeoff.Cudos.Org.

With these 3 tools, Cudos looks like a complete blockchain and until you interact with the tool, you will be able to record how convenient transacting on the chain is.

Yes, the Cudos utility token was launched as an ERC20-based token until its network was launched and now interacts with Cosmos Network meaning, with Kepler wallet, you can save your $CUDOS conveniently and transact with less or no gas fee.

DeFi Aspect Of The Project

Staking is one of the key elements of Decentralized Finance in which users leverage to activate their passive income daily and Cudos Network gives an opportunity to $CUDOS token holders to commit their token decentralized in order to generate rewards up to 25% APR.

First to the validators: Validators can earn CUDOS in 5 ways which are:

  • Block Rewards
  • Staking Rewards
  • Delegated Staking Rewards
  • Network Transactions
  • Network Computing.

To become a validator, there are certain minimum requirements that one needs to meet, Join the official discord and chat up one of the admins for direction

Secondly, As A Token Holder: CUDOS token holders can delegate their token to a validator by selecting any of the choices among the 27 active validators on the network. Check them here

Where To Buy CUDOS CUDOS token can be purchased on Gate.io, Ascendex.com, Crypto.com, Kucoin.com, and Huobi.com

There is more to learn about Cudos Network. Check through the official links and enjoy your ride with the project.

Disclaimer: All the information shared is my own stand about the project, kindly do your own diligence and follow your heart.

Official Links

Website | Telegram | Discord | Twitter | Medium

Posted Using LeoFinance Beta