CUDOS as a Utility Token;
A utility token is a type of token that is used to access a particular product or service within a blockchain-based ecosystem. Unlike security tokens, which represent ownership in a company or asset, utility tokens do not provide any ownership or investment stake in a project.
For instance, $BTC serves as a store of value and means of exchange, utility tokens have a specific purpose 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 in the CUDOS ecosystem including:
In #Blockchain Compute, you can stake for discounts on computing workloads, get discounts by paying or earning in $CUDOS, and buy Compute for $CUDOS.
In CUDOSMarkets, you currently get paid in $BTC, but CUDOS will enable receiving earnings in $CUDOS token.
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.
Validators and delegators stake CUDOS token onto the network to secure it and receive a proportion of staked rewards as $CUDOS tokens.
In the wider ecosystem, CUDOS tokens are used to perform cross-chain transactions across the #Cosmos ecosystem.
Learn more 👇
https://www.cudos.org
