Cudos, a decentralised cloud and computing network situated in the United Kingdom, has announced that its token CUDOS will be listed on Huobi Global, one of the world’s major cryptocurrency exchanges. On March 30, 2022, the CUDOS-Tether (USDT) pair will be available for trading on Huobi.
Cudos is a multi-layered blockchain that promises to solve basic problems in computation, off-chain data collecting, and cloud services. Its native CUDOS token is vital to the proper operation of its ecosystem. The token secures the network and allows users to exercise authority by voting on governance ideas by utilising a delegated proof-of-stake consensus process.
“The Cudos network has developed tremendously over the previous year, illustrating the enormous need for ecological friendly cloud and compute solutions.” Our successful testnet, which drew thousands of developers, is proof of our community’s enormous support and dedication. The Huobi listing is the latest affirmation of our efforts to achieve our objectives and demonstrates our commitment to providing worldwide access to CUDOS. This listing enhances our global reach as a computer network supporting blockchain and the cloud by allowing anyone to contribute spare computer capacity,” stated by Matt Hawkins, chief executive officer of the Cudos network.
CUDOS token holders will get access to a wide range of services, including staking on the Cudos network, liquidity provisioning on decentralised exchanges, running Cudos validator nodes, and testing the network’s computational capabilities. The utility of the token is particularly interesting to developers, DeFi enthusiasts, organisations, and individuals interested in running validator nodes on Cudos.
