USE CASES OF THE CUDOS TOKEN

A great token is not only known by healthy tokenomics but also by its awesome utility, and CUDOS token meets these two criteria.

Some of the utilities of the CUDOS token includes

1. Other companies pay in CUDOS to access CUDOS computing resources.

2. Staking: users can stake the CUDOS holdings to participate in the proof of stake network and consensus in order to receive rewards based on a variable APR

3. Developers utilise the CUDOS tokens to deploy and interact with smart contracts on the CUDOS blockchain.

4. To become a validator, you must pay some amount of CUDOS token: Users need to stake a minimum of 2,000,000 CUDOS to become a validator and earn staking rewards for securing the network.

5. CUDOS token is used as a governance token: this gives power to the people as through their holdings of the CUDOS token, they empower the users to vote on active governance proposals, giving them control over decisions on the CUDOS network

6. Reward to Compute Providers: through the conversion of other workloads  running on the network into CUDOS tokens, these tokens is then used to reward compute providers.

Learn more: https://www.cudos.org