Cudos Token now Listed on Crypto.com: What it means for the ecosystem.
The CUDOS token, Cudos, is the utility token that is used to pay gas fees, and rewards validators among others. Since the launch of the testnet, the Cudos token was listed on major exchanges and dexes to bring liquidy and support the project development but also expand more channels for others to invest and support the project.
It recently got listed on the Crypto.com exchange, further expanding the reach and increasing the liquidity pool. Crypto.com is the second largest exchange with over 50 million users spread across 90+ countries. Crypto.com has a good off-ramp and on-ramp integration that makes it easy for users to buy crypto with debit cards while allowing them to acquire crypto-powered debit cards. This means, that you could now spend directly with your Cudos tokens via Crypto.com.
One interesting fact about this listing is the integration of the Cudos layer-1 chain will integrate with Cronos chain, Crypto.com’s blockchain network. Both Cudos and Cronos chains are built on the Cosmos SDK making it easier for the integration of the two. This opens up opportunities for future bridges and cross-chain activities.
For Crypto.com, this listing offers its users the opportunity to invest in green computing by buying the Cudos token. The impact of blockchain on the environment is a topical issue among policymakers, and Cudos is offering a pathway by leveraging idle or spare compute resources to process tasks to feed the blockchain network. Also, they get to attract more users from the Cudos community to their exchange.
Cudos is listed on many other exchanges and dexes including Huobi Global, Kucoin, Bittrex Global, AscendEX, and Liquid. This further supports Cudos’ vision of becoming a leader in web3 and the metaverse by offering an affordable and decentralised cloud computing platform.
Cudo Ventures, also known as Cudos, is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain, and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token, CUDOS, is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
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