Utilities of the $CUDOS Token

CUDOS is a project that has promised great things for the cryptocurrency world. Its prime directive being to revolutionize the cryptocurrency space by implementing a faster and safer consensus mechanism to the entire framework of the industry is not only a notable goal but is also something that crypto badly needs considering the number of people who are getting into investing in cryptocurrencies and building in its framework.

But since CUDOS is a cryptocurrency project with its outrightly owned cryptocurrency, what could its utilities be? Let’s list it down in great detail.

Deployment of Smart Contracts: CUDOS’ native token could be used to deploy smart contracts in its native proof-of-stake consensus network. This utility is a must considering the fact that its parent network Ethereum is considered one of if not the most expensive network to build upon nowadays. The use of CUDO tokens to carry out tasks like this makes it faster, cheaper, and more efficient to build into the platform.

Transactions: Transactions within and even outside the CUDO and cryptocurrency space could be made using the CUDO token. Partner marketplaces like Shopping.io allow the use of CUDO tokens for the purchase of goods and services available on their platform.

Staking: CUDO Tokens can be staked on a definite timeframe and can then earn rewards in the form of more CUDO tokens. It also needs to be said that within the CUDO network you don’t just stake for rewards, as it also entails you participating in making the network safe from breaches, attacks, and bugs.

Governance: CUDOS holders could vote for the future of CUDOS. DAO governance is imposed within the network to give its users a voice. This actively includes its consumers in the preface of the production and allows CUDOS to thrive even in the unforeseeable future.

And there will be more utilities to be implemented in the future as the project grows! So come around and build within the network and be part of cryptocurrency history!

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