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Babylon's Launches Bitcoin Staking Protocol MVP at Cosmoverse 2023 đ
Babylon - the Bitcoin Staking Protocol - announced their MVP at Cosmoverse 2023, transforming Bitcoin into a decentralized staking asset.
Finally, there is a way to make $BTC a productive asset!
đ Unlocking Bitcoin's Dormant Potential
Recent data by Glassnode showed that a whopping 66% of Bitcoin's supply (12.26 million $BTC ) has stayed untouched for a year. Babylon plans to utilize these idle Bitcoins to fortify the security and vitality of Proof of Stake (PoS) chains and dApps across Cosmos.
đĄïž Bitcoin as the Security Backbone
Babylon's Bitcoin Staking Protocol allows PoS chains to stake Bitcoin instead of their own tokens. It enhances security, eases inflation pressures, and empowers emerging chains.
đ Babylon's Moonshot
Babylon aims to connect the $500 billion decentralized trust ecosystem to yield generation for providing security capital. With support from prominent Cosmos chains that are eager to adopt Babylonâs Bitcoin Staking Protocol, a strong frontier is forming around Babylon's PoS chain.
đ Cosmos Ecosystem Focus
Babylon is built as a Cosmos app chain, housing over $2.5 billion staked in its top ten protocols, with more zones getting added, including large dapps such as @dYdX deploying their own app chain.
We cannot wait to try out Babylon, making Bitcoin a PoS asset on a PoS chain!
Babylon - the Bitcoin Staking Protocol - announced their MVP at Cosmoverse 2023, transforming Bitcoin into a decentralized staking asset.
Finally, there is a way to make $BTC a productive asset!
đ Unlocking Bitcoin's Dormant Potential
Recent data by Glassnode showed that a whopping 66% of Bitcoin's supply (12.26 million $BTC ) has stayed untouched for a year. Babylon plans to utilize these idle Bitcoins to fortify the security and vitality of Proof of Stake (PoS) chains and dApps across Cosmos.
đĄïž Bitcoin as the Security Backbone
Babylon's Bitcoin Staking Protocol allows PoS chains to stake Bitcoin instead of their own tokens. It enhances security, eases inflation pressures, and empowers emerging chains.
đ Babylon's Moonshot
Babylon aims to connect the $500 billion decentralized trust ecosystem to yield generation for providing security capital. With support from prominent Cosmos chains that are eager to adopt Babylonâs Bitcoin Staking Protocol, a strong frontier is forming around Babylon's PoS chain.
đ Cosmos Ecosystem Focus
Babylon is built as a Cosmos app chain, housing over $2.5 billion staked in its top ten protocols, with more zones getting added, including large dapps such as @dYdX deploying their own app chain.
We cannot wait to try out Babylon, making Bitcoin a PoS asset on a PoS chain!
UTILITIES OF CUDOS TOKEN
Utility tokens are powerful as they have many different use cases and can serve many roles. They can allow seamless transactions over a blockchain, allow payments for decentralized services, fund project developments and much more.
$CUDOS token is the native utility token of the CUDOS Network. The CUDOS token has several functions and benefits for the network and its users. These are some of the utilities of the CUDOS token and also how to earn income with the token:
Governance: In any community or protocol token holders who help to shape the future of a protocol are held in high esteem.
The CUDOS Network, a decentralized platform, has on-chain governance proposals to facilitate decision making within its ecosystem. This serves as a vital mechanism for maintaining the integrity of the network and stimulating its growth. CUDOS token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changes in the governance itself.
Staking: CUDOS blockchain operates on the proof of stake concensus mechanism. This enables CUDOS token holders to stake their tokens to secure the network and earn rewards.
Payment: CUDOS token will also be used as a payment method for accessing the services and products offered by the CUDOS Network and its partners. Users will be able to pay with $CUDOS tokens to deploy smart contracts, interaction with smart contracts, create NFTs and digital assets, Minting NFTs, connect to oracles, access distributed virtual machines, and more. Paying with $CUDOS tokens will also offer discounts and incentives for supporting the network.
Earning: CUDOS token will also be earned by providing computing power to the network as a worker. Workers are users who share their idle computing resources with the network and receive rewards in $CUDOS tokens. Workers can choose what type of workloads they want to run, such as web browsing, gaming, rendering, or machine learning. Workers can also benefit from the GPU passthrough feature that allows them to access the latest GPU options for maximum performance.
You can learn more about CUDOS by visiting their website.
$CUDOS token is the native utility token of the CUDOS Network. The CUDOS token has several functions and benefits for the network and its users. These are some of the utilities of the CUDOS token and also how to earn income with the token:
Governance: In any community or protocol token holders who help to shape the future of a protocol are held in high esteem.
The CUDOS Network, a decentralized platform, has on-chain governance proposals to facilitate decision making within its ecosystem. This serves as a vital mechanism for maintaining the integrity of the network and stimulating its growth. CUDOS token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changes in the governance itself.
Staking: CUDOS blockchain operates on the proof of stake concensus mechanism. This enables CUDOS token holders to stake their tokens to secure the network and earn rewards.
Payment: CUDOS token will also be used as a payment method for accessing the services and products offered by the CUDOS Network and its partners. Users will be able to pay with $CUDOS tokens to deploy smart contracts, interaction with smart contracts, create NFTs and digital assets, Minting NFTs, connect to oracles, access distributed virtual machines, and more. Paying with $CUDOS tokens will also offer discounts and incentives for supporting the network.
Earning: CUDOS token will also be earned by providing computing power to the network as a worker. Workers are users who share their idle computing resources with the network and receive rewards in $CUDOS tokens. Workers can choose what type of workloads they want to run, such as web browsing, gaming, rendering, or machine learning. Workers can also benefit from the GPU passthrough feature that allows them to access the latest GPU options for maximum performance.
You can learn more about CUDOS by visiting their website.
