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Cudos just joined the ASI Alliance after a massive vote of confidence. Yep, you heard that right. Cudos is now with $FET, $AGIX, and $OCEAN
Author: Sahil Thakur
Cudos just joined the ASI Alliance after a massive vote of confidence. Cudos is now rolling with heavyweights like $FET, $AGIX, and $OCEAN.
According to Cudos supporters on X:
So, why is this such a big deal? Cudos has already been crushing it in the decentralized compute space, going toe-to-toe with giants like AWS and Google Cloud. But now, with this partnership, they’re about to take things to a whole new level.
What Does This Means for Cudos Investors? More Utility, More Value! If you’re holding Cudos tokens, things just got a lot more exciting. By joining the ASI Alliance, Cudos is making it easier for developers to tap into AI, data storage, and compute services with one token. The utility of the Cudos token is about to go through the roof, and that means more value for investors.
In a recent AMA, Matt Hawkins, CEO of CUDOS, offered an in-depth look into the upcoming merger between CUDOS and ASI, which is expected to significantly strengthen both ecosystems. This merger aims to establish the leading decentralized compute network for AI, enhancing CUDOS’ position in the growing AI sector.
Key points from the AMA:
Hawkins emphasized that this merger will bring various technical upgrades, such as the introduction of bare-metal support to facilitate efficient AI model training, particularly for large AI models with high data throughput demands. CUDOS will also integrate with other networks to ensure seamless scaling for clients, while the addition of S3 storage will streamline the handling of large datasets, a crucial element for developers in the AI space. These developments position CUDOS to meet the needs of enterprises and developers working on complex AI models.
For CUDOS token holders, the merger introduces a token swap process. Holders will either have their tokens automatically swapped if their exchange supports the native CUDOS token, or they will use a smart contract for manual swaps if dealing with ERC-20 tokens. This process is designed to be accessible, with no deadlines or penalties, and the smart contract will remain open indefinitely.
The merger decision was based on the deeper integration it offers compared to a partnership. Hawkins explained that merging with ASI, rather than forming a partnership, would unify the technology stack under one token and platform, making CUDOS the primary compute network for the largest AI blockchain. This move will accelerate adoption and improve liquidity and visibility in the blockchain ecosystem.
Additionally, a 5% fee for the CUDOS-to-ASI token conversion will be applied, with proceeds aimed at promoting growth through marketing and ecosystem expansion. This fee is seen as an investment into the development of both networks, helping to fuel the expansion of the crypto and AI ecosystems.
Long-term CUDOS supporters were reassured that specific applications and services would be rolled out to benefit them, ensuring their loyalty is rewarded. While details on these benefits will be announced later in Q4, token holders can expect to earn staking rewards during the lock-up period following the merger.
Hawkins also addressed potential challenges, noting that CUDOS is leveraging its experience with ASI’s past mergers to ensure a smooth transition. With a dedicated team of over 30-40 developers, community managers, and marketers, the integration process is being carefully managed to minimize risks. Existing business relationships and partnerships will remain unaffected by the merger, and the collaboration with ASI is expected to open new opportunities for growth.
In conclusion, the CUDOS-ASI merger is poised to unlock significant benefits for the CUDOS community, offering access to a larger, engaged community, more resources, increased liquidity, and an enhanced market position. CUDOS will become the leading compute platform for AI in the blockchain space, as the merger accelerates the development of decentralized AI computing services.
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