What is ColdStack (CLS) | What is ColdStack token | What is CLS token
In this article, we’ll discuss information about the ColdStack project and CLS token
With ColdStack, we can eliminate these burdens by uniting the entire decentralized storage ecosystem with our platform. By utilizing the $CLS token, users gain access to nearly any decentralized storage, and are no longer required to research the particular strengths of each service in addition to comparing costs. Fully utilizing these storages would require users to purchase the particular tokens used for each network, making this process very expensive under current circumstances. NFTs also add another layer of complexity and fragmentation to decentralized storages, as these must also be stored on their respective networks and marketplaces. As it currently stands, the ColdStack platform will be the only way a user can store bulk data with Filecoin, 4k photos with Storj, webpages with Arweave, and list NFTs with OpenSea and Rarible, all with one token.
With our implementation of Amazon S3 API compatibility, we also allow individuals to access these services through an interface they are already familiar with, further streamlining a user’s experience. Users can also access a wide range of file permissions and curate their experience based on their data storage needs. Additionally, by aggregating these various services, ColdStack can provide the most cost-efficient solution possible.
There is no question that this development is monumental, and will prove critical to mass adoption of decentralized storage. Instead of an ecosystem in which these storages strictly compete with one another, ColdStack seeks to create an ecosystem in which these storages work together to provide the best user experience possible.
Cloud Aggregator
- Simple and seamless integration with the all-in-one platform
- Unified API for easy data storage and retrieval: anytime, anywhere
- No data migration needed to switch between Decentralized Clouds
NFT Support
- Built-in option to tokenize any uploaded file
- Use ERC-721 or ERC-1115 NFT standard
- Universal Digital Asset Storage for any NFT marketplace
Designed for Defi
- Transparent, immutable, and cryptographically verifiable
- Large hybrid datasets (like payout schedules and token bonding curves)
- Web3 based “all-in-one” experience for unified data management
Cold Storage
- Best suited for “Cold” data (eg. Amazon Glacier or Google Coldline)
- “Cold” data is rarely used, but must be stored for a long time or even forever
- 100x cheaper and relatively slower than usual storages like Amazon Clouds
How it Works
AI-based pipeline finds the most suitable Decentralized Cloud for every file.
The main purpose of ColdStack System is to store and retrieve user’s data in a stack of Clouds via Unified Data Exchange API, which is 100% compatible with Amazon S3 API. That allows any project to use any AWS library or SDK and start to use our System without significant integration efforts.
We will publish an open-source library with AWS S3 compatible API to the most of Decentralized Storages. Users of ColdStack Storage System will save up to 80% of the storage cost with our AI-based pipeline.
ColdStack ecosystem has three types of nodes: File Node provides file upload / download services, Gateway Node works directly with the Decentralized Clouds and Billing Node calculates storage costs and charges the users. Due to the ETH high transaction price and latency, we use Polkadot parachain for transactional billing (per each data storage/retrieval operation).
Why ColdStack?
Affordable
The best price guaranteed. Our AI-based technology allows us to keep the lowest data storage costs and download fees in the industry.
Easy
Amazon S3 compatible API to store and retrieve your data with any Decentralized Cloud Storage. Simple, seamless integration.
Secured
100% Security and Privacy with a blockchain-based cloud architecture. All the users are anonymous, all the data is encrypted.
ColdStack use cases
- Web3 Infrastructure Projects
ColdStack can help provide clients with unified data management to deal with heterogeneous data of any size, empowering their dApps with a Web3 based “all-in-one” experience.
2. DeFi Services
ColdStack can store and retrieve large hybrid datasets for DeFi services (like payout schedules and token bonding curves). Most of this data isn’t frequently accessed but must be stored for a very long time or even forever.
3. Blockchain-based Games
ColdStack can help game developers with cheap and reliable storage for the archive data about the player’s activities. It will make all the payments and rewards more transparent and auditable.
4. NFT Marketplaces
ColdStack serves as an affordable Digital Asset Storage for any NFT marketplace (especially for large files). Our NFT named NFCLS is compatible with major NFT marketplaces such as SuperRare or OpenSea.
DAO governance provides a number of benefits:
- Decentralization — There is no central management, decisions are made by voting and governance is controlled by code
- Accessibility — A user can join DAO governance easily, whenever they want. There are no obstacles to joining
- Transparency — DAO protocols are be open-source
- Trust and confidentiality — Cryptography and smart contracts ensure user privacy
ColdStack’s DAO governance will allow our platform to be truly decentralized. The community will be in control of how decisions are made, as opposed to being subject to the whims of a centralized group. Governance and decisions are made by those vested in our platform taking part in votes, instead of these decisions solely being made by the ColdStack team. Anyone will eventually be able to join in DAO governance on ColdStack, ensuring transparency and trust.
ColdStack Token Metrics
Token ticker : CLS
**Total supply : ** 50,000,000 CLS
Initial circulating supply : 1,475,000 CLS
**Price of the last round : ** $0.5
*Initial market cap on listing : ** $737,500
ColdStack Token Distribution
Token sale: 20.5% (10,250,000 CLS)
including
- Private round: 12.0% (6,000,000 CLS);
- Strategic round: 7.5% (3,750.000 CLS);
- Public sale 1% (500,000 CLS)
Team: 10% (5,000,000 CLS)
Staking and governance: 20% (10,000,000 CLS)
Liquidity 10% (5,000,000 CLS)
Ecosystem fund: 35% (17,500,000 CLS)
Reserves: 4.5% (2,250,000 CLS)
Funding history
Private Round
Price: $0.1
Valuation: $5,000,000
Raised: $600,000
Strategic Round
Price: $0.2
**Valuation: **$10,000,000
Raised: $750,000
Public Round
Price: $0.5
**Valuation: **$25,000,000
Raised: $250,000
Lock-ups
Private: 10% TGE, 1 month cliff, 9months linear
Strategic: 10% TGE, 1 month cliff, 9months linear
Public: Fully unlocked
Team: 12 months locked, vested over 12 months
Staking and governance: Locked. Unlocked only after staking rewards, liquidity mining ,etc.
Liquidity: Unlocked based on market demand
Reserves: Locked, unlocked based on the platform’s discretion
Ecosystem Fund: Unlocked based on DAO governance
Token Utility
The $CLS token is the native token of ColdStack, and provides the backbone of our project’s ecosystem. CLS tokens will be utilized for a number of critical tasks when interacting with the ColdStack platform. One of the most important uses for the $CLS token is paying platform fees during the billing process. These fees are incurred by users who store and retrieve their data, and can be awarded to miners who run ColdStack Nodes.
$CLS tokens are also used for signing and authorizing transactions on the ColdStack platform as well as for creating access keys for users to retrieve their data.
NFT issuance and related operations on ColdStack will also be handled in $CLS tokens, with these NFTs then being transferred directly to the billed $CLS wallet.
$CLS tokens will also be the primary medium for conducting DAO governance. This will allow users to participate in vital decisions on the ColdStack platform such as admitting new nodes and handling customer complaints.
Coldstack IDO
Launching on the SuperFarm launchpad will offer Coldstack a head start on its go-to-market journey by leveraging the powerful technology and network effects that SuperFarm offers. Simultaneously, the SuperFarm community gets the chance to be an early part of an exciting NFT-supporting tier-1 project.
- Whitelist Open: May 4th, 8pm UTC
- Whitelist Close: May 6th, 8pm UTC
- ColdStack IDO Date: May 10th, TIME TBA
- Fill in your details in the Whitelist Form
- Join ColdStack’s ANN Channel: https://t.me/coldstack_ann
For ColdStack the snapshot will be over a period of 6 days
How and Where to Buy ColdStack token ?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase CLS from the website: ColdStack Whitelist.
The top exchange for trading in CLS token is currently …
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CLS gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information CLS
☞ Website ☞ Social Channel ☞ Social Channel 2☞ Message Board ☞ Token Metrics ☞ IDO Details
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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