CUDOS token - a utility token
A utility token is a type of cryptocurrency or digital token that is issued and used within a specific blockchain ecosystem or platform. Unlike cryptocurrencies like Bitcoin, which primarily serve as a store of value or a means of exchange, utility tokens have a specific purpose or utility within the platform for which they were created.
The native CUDOS token is a utility token powering the CUDOS Network and is used for different purposes on CUDOS ecosystem including:
1. In Blockchain Compute, you can stake for discounts on computing workloads, get discounts by paying or earning in $CUDOS, and buy Compute for $CUDOS.
2. In CUDOSMarkets, you currently get paid in $BTC, but CUDOS will enable receiving earnings in $CUDOS token.
3. On CUDOS Blockchain, there are talks about partnership with projects around carbon capture, renewable energy, and carbon negative projects, which will launch their tokens on CUDOS chain later this year fueling the token ecosystem.
4. Validators and delegators stake CUDOS token onto the network to secure it and receive a proportion of staked rewards as $CUDOS tokens.
5. In the wider ecosystem, CUDOS tokens are used to perform cross-chain transactions across the Cosmos ecosystem.
Learn more đ
https://www.cudos.org
