Cudos, the United Kingdom-based decentralized cloud and computation network, has announced that its token CUDOS will list on Huobi Global, one of the world’s largest cryptocurrency exchanges. CUDOS-Tether USDT (CUDOS) will be available for trading on Huobi starting March 30, 2022. This is the token’s highest-profile listing to date.
Cudos Network is a multi-layered crypto network that solves fundamental issues in computation and off-chain data collection. Its native CUDOS token is critical for its ecosystem’s efficient functioning. It uses a delegated, proof-of-stake consensus system to secure the network. Users can also vote on governance proposals.
“Over the last year, the Cudos network has grown exponentially, demonstrating the enormous demand for environmentally friendly cloud and computation solutions. Our successful testnet, which attracted thousands of developers, is a testament to our community’s immense support and commitment. Huobi’s listing confirms our commitment to expanding global CUDOS access. As a compute network powering blockchain and the cloud by enabling anyone to contribute spare computing capacity, this listing expands our global coverage,” said Matt Hawkins, CEO of the Cudos network.
Tokenholders of CUDOS will gain access to wide-ranging benefits, from staking on the Cudos network to liquidity provisioning on decentralized exchanges, running Cudos validator nodes and testing the network’s computing capabilities. The token’s utility is especially appealing to developers, decentralized finance (DeFi) enthusiasts, organizations and individuals interested in running validator nodes on Cudos.
- Information about the CUDOS Huobi Listing
- Scheduled listing time at 14:00 UTC on March 30, 2022
- Trading pair: USDT-CUDOS.
Cudos developers are still welcome to participate in the final phase of the Cudos Incentivized Testnet. Developers who can complete the tasks will have a chance to win rewards. The network will launch its mainnet in the next few months, with a growing community.
Cudos powers the metaverse, bringing together DeFi tokens, nonfungible tokens, and gaming experiences in order to realize the vision for a decentralized Web3. All users can benefit from the growth of this network. It’s an interoperable, open platform launchpad that will provide the infrastructure required to meet the thousand-fold higher computing needs for the creation of fully immersive, gamified digital realities. Cudos, a layer-1 and layer-2 blockchain-governed compute network, is designed to provide decentralized, permissionless access at scale to high-performance computing. The network’s native utility token CUDOS provides a high yield annual yield and liquidity for tokenholders.