Coldstack CLS Price $ 0.222

Coldstack will leverage powerful AI technology to provide a unified API as well as unified billing, which are transformative innovations for the decentralized cloud storage landscape. By buying the best-priced storage space from AWS, Filecoin, Google Cloud, Digital Ocean, and other cloud storage platforms and optimizing the final costs with an AI-based pipeline, Coldstack will offer a one-click stop to cloud services for its users at the lowest possible price.

Coldstack: The Uber for Clouds

Led by CEO Alexander Shishow and an experienced team of AI experts, blockchain architects, and cloud engineers, Coldstack is set to elevate the decentralized storage space to the next level. They have the backing of reputable crypto projects such as Prometeus Labs and Ankr and a plethora of well-known investors.

As the first aggregator of decentralized data, Coldstack is set to disrupt centralized data storage and offer both crypto and non-crypto users a secure, simple, and cheap way to store their files.

Files, NFTs and DeFi

The bigger and more abundant the crypto ecosystem gets, the more vital becomes the role of resilient decentralized infrastructure. Beyond pure file storage, Coldstack’s use cases are vast and lay the foundation for:

• Web3 Infrastructure Projects
• DeFi Services
• Blockchain-based Games
• NFT Marketplaces and much more

With the private beta of the minimum viable product (MVP) already live, Coldstack is set to change the game by launching its public beta and full product in the coming months.

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.