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Monday, February 6, 2023

CloudTx Coin Review : Is It Good Or Bad Coin Read Our Article

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About CloudTx Coin

CloudTx Coin is the newest brand revolving around the idea of providing a smooth, secure and efficient experience at a negligible cost. Cloud TX is a layer 1 blockchain network that has successfully overcome the Blockchain Trilemma. The Blockchain Trilemma refers to the balancing act amongst security, scalability and decentralization. In simple words, if the network is centralized, it makes it highly scalable, yet less secure. On the other hand, if blockchain networks are decentralized and safe, the scalability reduces, which means higher transaction fees and a slower process. That’s the whole conundrum.

CloudTx Coin have solved the Scalability Trilemma by introducing the Proof of Stake (PoS) system. PoS is focused on improving the Consensus Protocol. The PoS consensus mechanism assesses the validator’s status subjected to the total stake in the network. This further leads to significantly increasing the overall network’s capacity (i.e. Etherium’s capacity) while strengthening decentralization and security. This mechanism synchronizes and optimizes all the networks on the blockchain leading to a balanced and efficient platform.

CloudTx Coin Point Table

Coin BasicInformation
Coin NameCloudTx Coin
Short NameCLOUD
Circulating Supply190,000,000.00 CLOUD
Max Supply200,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Applications

Cloud TX Wallet

CloudTx has also launched a mobile application for its users which enables users to manage their digital assets on the go and make fast and secure transactions. Cloud Tx Wallet is designed to be highly secure and safe, smart contracts are used to secure the private keys. Cloud Tx ecosystem is mapped out to be fully decentralized to protect the data. Cloud Tx wallet is open source which means the records are transparent and public. Distributed ledger technology is used.

Cloud TX Token Locker

Cloud Tx is soon launching a Token Locker that enables the user to freeze cryptocurrency tokens for a certain period during which no transactions or trades of the tokens can take place. The main goal of this feature is to maintain the long-term value of digital assets. Cloud Tx locker is a transparent, multi-chain, and highly decentralized digital wallet for time-released vesting of liquidity and project tokens.

Token Distribution Cloud TX

The Token Distribution explains the economic segment of Cloud Tx. Your company’s center of attention is gas optimization. The total supply of Cloud Tx is 200,000,000 and the circulation supply is 190,000,000 (10,000,000 Cloud burned) which can be purchased and traded in dex and cex. A 10-percentage tax is charged by Cloud Tx on every transaction that will be use for development and marketing. There’s no concept of team tokens on Cloud Tx.

What is a Blockchain Operating System?

A blockchain operating system uses the blockchain technology as a support system that runs in the background of a computer system or platform. For instance, your Android mobile or Windows PC needs a local installation of the respective operating system (OS) on the smartphone’s memory or on the PC’s hard disk, and all transactions and commands are executed locally. A blockchain-based OS captures all commands and transactions from a user’s device where authenticating, executing, and recording them occurs on the blockchain.

Why Choose CloudTx Coin?

It provides a Safe and Secure Wallet which allows the customers to manage all their crypto currencies. All the transactions are cryptographically signed, hence highly secured. It also enables the user to look up historical or real-time data using the Cloud Tx Explorer: data includes transactions, tokens, addresses, and all various activities that occurred on the Cloud Tx blockchain network.

The users can also benefit from the Cloud Tx Staking and Farming Platform. Staking enables crypto holders to earn a passive income referred to as rewards by “locking up” a certain amount of their digital assets, ultimately contributing to the blockchain network. Cloud Tx allows the users to unlock their invested cryptocurrency and still earn rewards, however, unlocking it before a period of 7 days implies a tax amount to be paid which is equivalent to 10 percent of the cryptocurrency.

Farming refers to depositing a certain number of cryptocurrencies into a pool along with others and earning interest and reward from it. While it is riskier than staking, it also yields greater short-term returns. Crypto holders can also exchange any fiat currency or cryptocurrency within their wallet benefiting from the Cloud Tx Fastest Swap feature, which allows safe, smooth and fast exchanges.

Where Can You Buy CloudTx Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2) As It Has The Highest WBNB/CLOUD. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WBNB/CLOUD And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

CloudTx market screenshot

CloudTx Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support CloudTx Coin. Here Is Example Of Wallet Which CloudTx Coin – Trust Wallet For Hardware Ledger Nano.

Roadmap

CloudTx roadmap

FAQ Of CloudTx Coin

Where I Can Find CloudTx Coin Whitepaper?

You Can Find CloudTx Coin Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2), Azbit.

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is 190,000,000.00 CLOUD.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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