Cherry Network

Project Overview

Cherry Network is a decentralized storage and compute platform that aims to provide Web3 infrastructure. It operates as a Layer-1 blockchain specifically designed for content delivery and cloud services.

Intended Purpose

The platform's primary purpose is to offer decentralized storage solutions, content delivery networks (CDN), and cloud computing services. CHER tokens are used for network governance, paying for storage and compute resources, and validator staking.

Business Model & Implementation

The network operates through a system of nodes that provide storage and computing resources. Users pay for these services using CHER tokens, while node operators earn rewards for providing infrastructure. The business model focuses on providing actual technological utility rather than speculative trading.

Development Activity

The project maintains an active GitHub repository with regular commits and updates. The development team continues to work on implementing core features and improving the network's capabilities.

Token Distribution & Governance

CHER tokens are distributed across various stakeholders, including the development team, early investors, and the community. The project implements a standard vesting schedule for team allocations to ensure long-term alignment of interests.

Current Usage

While the network is still in its early stages, it has begun to attract developers and users interested in decentralized storage solutions. The primary use case remains focused on its core infrastructure services rather than speculative trading.