Dear Hoo uses,
Hoo will list CDS/USDT trading pair at 10:00(UTC+8) and 6:00(UTC+4) on May 28, 2020.
Introduction to CDS(Commercial Data Storage):
Commercial Data Storage is short for CDS. It is a protocol based on POTS (Proof of Traffic-Measured Storage) traffic storage consensus technology and focuses on financial traffic storage, and is committed to realizing trust, security, efficient problem solving and promotion of financial business development in financial transactions. CDS design combines the well-known distributed technology concept of IPFS, and takes into account the special needs of financial data flow, and finally determines the building of POTS-based flow storage consensus technology. Through the design and recording of intelligent contracts and the preservation of digital information and content of all CDS-based financial transactions, CDS can enhance confidentiality and security while realizing the capitalization of personal data.
Total supply: 1 billion
Use Scenario of CDS Token:
1) CDS currently includes two use scenarios of hardware products and software applications. Token, as the official pass of the project, supports the use of all hardware and application platforms under CDS chain ecology.
2) CDS Token supports the use right or ownership of hardware products launched by the exchange project party. For example, users in mining machines can choose to purchase the hardware products they support.
3) CDS Token supports the credit mechanism of the mall module in the CDS APP platform (to be launched soon) of the project party. (i.e. users can obtain a substantial discount on commodity prices by consuming CDS/holding CDS quantity)
4) CDS Token supports the exchange of points for the guessing game that the project side will launch in 2020, and can be directly used as game points.
5) CDS Token will support the profit sharing airdrop announced by the project party. The project side will regularly carry out profit sharing airdrops through smart contracts according to the proportion of CDS Token held in users' wallets to the total circulation.
6) CDS Token will be used as an addition calculation factor of the user's mining calculation power in the platform behavior data. The more tokens the user holds, the higher the calculation power the user obtains in mining the behavior data.
7) CDS Token will launch several famous encrypted currency exchanges to support trading for profits.
8) CDS Token supports the official regular repurchase combustion mechanism. The project officials will regularly consume 10% of the project income and buy back Token according to the market price for burning to ensure deflation in the overall currency value.
9) CDS Token supports the right to participate in various marketing activities to be officially launched in the future and the right to vote in the activities. Users holding a large number of Token will receive more direct market service benefits and benefits.
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
May 15, 2020