The CUDOS token has many uses, its utility stretches far beyond storing and transferring value. We have built the CUDOS token to in order to support the evolution of the web into web 3.0. So to show this, we’ve put together a breakdown of the top 3 use cases for the CUDOS token (in no particular order).
Gaming 🎮
In a world in which millions of computers, game consoles and mobile phones remain dormant for up to 60% of the time, there is clearly an opportunity to be more efficient when it comes to the use of all of this underutilised computing power. This is where the CUDOS token and the tokenisation of compute workloads come into play.
The Cudo Platform will allow gamers to securely rent out their spare computing capacity to process blockchain computing and a wide range of workloads like video rendering, AI computing and scientific research. In exchange, gamers will be rewarded with CUDOS tokens. Gamers will then be able to use those tokens to get access to the excess computing resources via the Cudo platform, for games that push their hardware past its limits.
Staking 🥩
The staking market cap currently stands around $26.4billion, and the total amount currently locked into staking contracts stands around $11billion, a clear demonstration that Proof of Stake (PoS) is not only growing in popularity but also in impact on the crypto economy. Proof of stake provides a way for token holders to make use of their tokens and earn some income, all while contributing to the network. To find out more about our staking mechanisms, visit our website www.cudos.org
Charity 🎁
The Cudo platform also allows users to donate their computer’s idle resources to various charities. At the moment, Cudo allows cryptocurrency miners to contribute the tokens that they have mined, automatically converting them to the preferred payout currency of the selected charity and delivering those proceeds. The option to donate profits will be made available to all of Cudo’s supported workloads when they come online. All this is supported can be facilitated by the CUDOS token. To find out more about our token please visit our website www.cudos.org or check out our social media channels below.
