Nuco.Cloud

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Discover Nuco.Cloud's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Nuco.Cloud?

Nuco.cloud (NCDT) is a cryptocurrency powering a decentralized cloud computing platform that leverages underutilized computing resources worldwide. It aims to provide scalable, secure, and affordable computing power, reducing costs by 70-90% compared to traditional methods. The platform offers various products, including nuco.cloud SKYNET, nuco.cloud GO, and nuco.cloud PRO, catering to different user needs. With a fixed total supply of 50 million NCDT tokens, the project focuses on innovation, sustainability, and community engagement.

How is Nuco.Cloud used?

Nuco.Cloud (NCDT) is a cryptocurrency used within the Nuco.Cloud ecosystem, a decentralized cloud computing platform. Here are the key ways NCDT is utilized:

  1. Payment for Services: Customers can pay for Nuco.Cloud products using NCDT, which offers a 20% discount compared to traditional payment methods.

  2. Revenue Distribution: When customers pay with NCDT, 70% of the revenue goes to the miners, and 30% returns to Nuco.Cloud.

  3. Staking and Rewards: NCDT is used for staking and rewards in the Nuco.Cloud ecosystem. For instance, testnet participants can earn rewards in NCDT based on German energy costs plus a bonus.

  1. Tokenomics: NCDT has a fixed supply of 50 million tokens, similar to Bitcoin, and cannot be increased. This token supply is traded on exchanges.

  2. Community Engagement: NCDT is used to incentivize community participation and engagement, such as through liquidity staking pools and other initiatives.

Overall, NCDT plays a central role in facilitating transactions, incentivizing miners and community members, and governing the Nuco.Cloud ecosystem.

How do I store Nuco.Cloud?

To store Nuco.cloud (NCDT) tokens, you can use a digital wallet that supports NCDT. Here are the steps to store NCDT tokens:

  1. Choose a Wallet: Select a reliable digital wallet that supports NCDT tokens, such as MyEtherWallet (MEW) or Enkrypt.

  2. Create/Access Wallet: Create a new wallet or access your existing one. Ensure you have the necessary credentials, such as the wallet address and private keys.

  3. Receive NCDT: You can receive NCDT tokens by buying them on exchanges or through other means. Once you have the tokens, you can store them in your wallet.

  1. Store NCDT: Store your NCDT tokens securely in your wallet. Make sure to keep your wallet address and private keys safe to prevent unauthorized access.

  2. Manage NCDT: You can manage your NCDT tokens by sending, receiving, or swapping them within your wallet. For example, you can send NCDT tokens by clicking the 'Send' button and entering the recipient's wallet address.

By following these steps, you can safely store and manage your Nuco.cloud (NCDT) tokens.

How to buy Nuco.Cloud?

To buy Nuco.cloud (NCDT) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable centralized exchange where NCDT is listed. You can refer to Coinmarketcap.com's Markets section to find the list of exchanges that support NCDT.

  2. Create an Account: Register on the chosen exchange's website or app by providing necessary information, including your email address, a secure password, and completing any identity verification steps.

  3. Fund Your Account: Choose a funding method, such as credit/debit card, bank deposit, P2P trading, or third-party payment. Each exchange offers multiple payment options for your convenience.

  1. Buy NCDT: In the Buy & Sell section, click Buy and select Nuco.cloud (NCDT) as the cryptocurrency you want to purchase. You can choose from different order types, such as market, limit, or stop-loss orders.

  2. Transfer to Wallet: Once you've purchased NCDT, you can either hold it in your exchange account or transfer it to your personal cryptocurrency wallet for additional security and flexibility.

For detailed instructions on using a decentralized exchange (DEX), you can refer to guides like the one on Binance.

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History of Nuco.Cloud

Nuco.cloud (NCDT) is a groundbreaking cloud computing platform that aims to redefine how individuals and businesses harness computing power. The project began with an ICO (Initial Coin Offering) that took place from May 23, 2019, to July 31, 2019, during which the token was priced at $0.0888987 per NCDT.

Key Developments
  • 2018: Nuco.cloud acquired funding from Germany's BAFA.
  • 2019-2020: The project successfully conducted its ICO and formed partnerships with leading data centers.
  • 2022: Nuco.cloud received the "DigitalJetzt" Grant from the German Aerospace Center (DLR) and conducted the first successful beta test of nuco.cloud PRO.
  • 2023: The project achieved ISO 56002:2021 certification for Innovation Management, launched the Testnet of nuco.cloud GO, and established marketing collaborations with Lunar Strategy and NinjaPromo.
Product Offerings

Nuco.cloud offers several products, each catering to different needs and audiences:

  • nuco.cloud SKYNET: The flagship product, a decentralized mesh hyperscaler that operates on Ethereum and Telos blockchains. It is 70% more affordable than competitors like AWS and targets large corporations and enterprises, especially those in AI, Data Analysis, Scientific Research, and Video Rendering.
  • nuco.cloud GO: A decentralized cloud solution powered by BOINC from the University of California, Berkeley. It taps into the computing strength of consumer devices globally, termed as "miners," who earn up to a 70% revenue share. This product is up to 90% cheaper than alternatives like AWS and targets private users and small businesses.
  • nuco.cloud PRO & CUSTOM: These products use cloud power from renowned data centers like CUDOS and Hetzner. nuco.cloud PRO is geared for GPU-intensive tasks like AI training and 3D rendering, while nuco.cloud CUSTOM is designed for CPU-heavy tasks, optimal for data analytics and web hosting. Both are up to 70% more affordable than standard services such as AWS.
Market Potential

The cloud computing domain is projected to grow at a CAGR of 17.9%. In 2022, the industry was worth $545.8 billion and is expected to reach $1,240.9 billion by 2027.

Current Status

Nuco.cloud continues to shape the future of the cloud computing industry by integrating unmatched technology with a vision of affordable and efficient computing. The project's innovative approach and diverse product offerings position it for significant growth in the rapidly expanding cloud computing market.

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How Nuco.Cloud works

Nuco.Cloud (NCDT) operates as a decentralized platform that leverages blockchain technology to facilitate peer-to-peer transactions. The platform is designed to revolutionize the cloud computing industry by providing affordable and efficient computing power. Here's an overview of how it works:

Decentralized Mesh Hyperscaler

Nuco.Cloud combines the distribution technology of BOINC (from the University of California, Berkeley) with the computational strength of professional data centers. This creates a robust, scalable, and secure computing ecosystem known as the decentralized mesh hyperscaler. This approach allows for the assembly of unused computing resources from various professional data centers, making it 70-90% cheaper than traditional cloud computing methods.

Product Offerings

Nuco.Cloud offers several products:

  1. Nuco.Cloud SKYNET: The flagship product, which operates on both Ethereum and Telos blockchains, interconnected by a pNetwork bridge. It targets large corporations and enterprises, particularly those in AI, data analysis, scientific research, and video rendering.

  2. Nuco.Cloud GO: A decentralized cloud solution powered by BOINC, which taps into the computing strength of consumer devices globally. Miners earn up to a 70% revenue share, making it an attractive option for private users and small businesses.

  3. Nuco.Cloud PRO & CUSTOM: These products utilize cloud power from renowned data centers like CUDOS and Hetzner. PRO is geared for GPU-intensive tasks like AI training and 3D rendering, while CUSTOM is designed for CPU-heavy tasks, optimal for data analytics and web hosting.

Tokenomics

The NCDT token plays a crucial role in the ecosystem. Key aspects include:

  • Circulating Supply: Currently at 50% of the total supply, with plans to increase to 75% in the long term to enhance accessibility and market fluidity.
  • Company Reserve: 25% of the total supply is locked in a vesting contract, allocated for essential activities like marketing, influencer engagement, and staking pool rewards.
  • Revenue Distribution: When customers pay with NCDT, 70% goes to miners, and 30% returns to nuco.cloud. This incentivizes the use of NCDT for transactions.
Additional Features
  • Government Grants Consulting: Nuco.Cloud assists customers in procuring public funds, covering up to 40-80% of server expenses, which can be beneficial for users.
  • ISO Certification: The project has achieved ISO 56002:2021 certification for Innovation Management, demonstrating its commitment to innovation and quality.

Overall, Nuco.Cloud aims to transform the cloud computing industry by providing a decentralized, affordable, and efficient platform. Its innovative approach and tokenomics are designed to foster a robust ecosystem that benefits both users and miners.

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Nuco.Cloud's strengths

The token Nuco.Cloud (NCDT) has several strengths that contribute to its value and potential:

  1. Fixed Supply: The total supply of NCDT is capped at 50 million, similar to Bitcoin, ensuring that the token's value is not diluted by inflation.

  2. Discount Incentive: Customers who pay with NCDT receive a 20% discount on all nuco.cloud products, encouraging the use of the token and fostering a strong ecosystem.

  3. Revenue Distribution: When paying in NCDT, 70% goes to the miner, and 30% returns to nuco.cloud, ensuring a fair distribution of revenue and incentivizing miners to participate.

  1. Tokenomics: The token economy is structured to support essential activities such as marketing, influencer engagement, and staking pool rewards, ensuring the project's sustainability.

  2. Public Funding: Nuco.cloud is one of the world's only publicly funded crypto projects and the only one in Germany, which can lead to further grants and subsidies for efficient growth.

  3. Partnerships and Collaborations: The project has established partnerships with notable organizations like EMC Protocol, CUDOS, and the German Aerospace Center (DLR), enhancing its capabilities and credibility.

  1. Innovative Technology: Nuco.cloud's decentralized mesh hyperscaler and BOINC-powered cloud solutions offer significant cost savings (70-90% cheaper than traditional methods) and scalability, making it an attractive option for businesses and individuals.

These strengths collectively contribute to the token's value and potential for growth within the cloud computing and cryptocurrency markets.

Nuco.Cloud's risks

Nuco.cloud (NCDT) carries significant financial risks. According to InvestorsObserver analysis, NCDT receives a high risk rating due to its susceptibility to price manipulation. The proprietary scoring system evaluates the amount of money required to shift the token's price over a 24-hour period, along with recent changes in volume and market capitalization. This analysis indicates that NCDT is a relatively high-risk investment, with lower scores equating to higher risk and higher values representing lower risk.

Additionally, Binance emphasizes the importance of carefully considering investment experience, financial situation, investment objectives, and risk tolerance before investing in Nuco.cloud. It advises consulting an independent financial adviser and notes that past performance is not a reliable indicator of future performance. The value of the investment can go down as well as up, and investors may not get back the amount they invested.

These warnings highlight the need for caution and thorough research before investing in Nuco.cloud (NCDT).

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Did Nuco.Cloud raise funds?

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Nuco.Cloud’s team

  • CEO & Founder: Tobias Adler
  • CTO: Dr. Mathias Wilhelm
  • COO: Mike Storm
  • CSO: Rosario Bugia
  • CMO: Walter Insinga
  • Sales: Markus Wachauf
  • Administration: Nicole Loos
  • Marketing: Jan Mehlhose
  • Head of Community: Not explicitly mentioned
  • Community Manager: Not explicitly mentioned
  • Design: Not explicitly mentioned
  • Security: Not explicitly mentioned
  • Token Developer: Not explicitly mentioned
  • Advisor & Partner: Not explicitly mentioned
  • Businessangel & Co-Founder: Not explicitly mentioned

Whalee AI

The fundamental analysis assistant for crypto value investors.

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