CUDOS

Halal Rating :
Comfortable
Last Price $0.01 Last updated:
Rank 438
1D Change 9.98 %
Market Cap $113.42m
Circulating supply 9,912,263,718
Maximum supply 10,000,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Cosmos Ecosystem
  • AI & Big Data
  • Distributed Computing
  • Scaling
  • Algorand Ecosystem
  • Exnetwork Capital Portfolio
  • Animoca Brands Portfolio

Overview

CUDOS is a layer-1 blockchain network designed to provide decentralized cloud computing services. The platform aims to connect cloud computing resources with blockchain technology, allowing developers and businesses to access computational power through a decentralized marketplace.

Purpose and Utility

The primary purpose of CUDOS is to serve as the native token for the CUDOS network, facilitating payments between compute resource providers and users. The token is used for governance, staking, and accessing network services. Users can stake CUDOS tokens to run validator nodes and participate in network security.

Business Model

The project's business model focuses on creating a decentralized cloud computing marketplace where users can purchase computing resources using CUDOS tokens. This model aligns with halal principles as it involves the exchange of real services and utilities. There are no apparent elements of riba or gambling in the core functionalities.

Development and Adoption

The project maintains active development, with regular updates to their GitHub repositories. They have established partnerships with various technology companies and are working on expanding their validator network. While adoption is still in early stages, this doesn't affect its halal status.

Token Distribution

The token distribution includes allocations for team members and early investors with standard vesting periods. While there is some concentration of tokens among early participants, this is common in blockchain projects and doesn't inherently make it non-compliant from a Shariah perspective.

Crypto Impact

To assign a comfort level investing in CUDOS from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to CUDOS.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

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