Cudos India Reward Program & CILP launch as an ASA

Cudos india
3 min readJul 31, 2021

Rewarding a Community in a well structured manner that everyone attracts to join the community is always hard to create, here at Cudos India we want to boost the participation of the community so for that,we are planning a reward program to reward active members in the community.

Cudos India

Cudos is a well known blockchain project which is working to disrupt Cloud computing, as Cudos is new building a community is important Cudos has a global community but talking specific about India its small to scale up the community presence in India and boost the knowledge about Cudos, we have created an unofficial Cudos India telegram group & Twitter which is used to promote the knowledge about Cudos in Indian community.

Cudos India Reward Program

Rewarding a community to increase their knowledge about something is a best way to boost the community engagement, so we are coming up with Cudos India Reward Program which will reward people on their participation in the community on daily basis, to fulfill the vision we have launched CILP an Algorand Blockchain based ASA.

CILP- Cudos India Loyalty Points

Sending small amounts of Cudos on Ethereum blockchain on daily basis is not an feasible option for us, so to tackle that I chose Algorand Blockchain which is also an Cudos partner to launch an Cudos based Loyalty Points which is given to people on daily basis to reward them and once they reach threshold amount they can claim Cudos for their CILP holdings.

Add CILP in your Algorand wallet-

Value proposition,

CILP is claimable to Cudos at the rate of 1:10 means for 10 CLIP you can claim 1 CUDOS by contacting admin in the telegram group

Cudos India Reward Structure

At the moment Cudos India is only going to reward telegram group members of Cudos India community, so if you haven’t joined the group you can prefer to join it.

Reward model,

At the beginning we are trying to reward one lucky member from the group on a daily basis where they can earn 100 CLIP on their Algorand Wallet. The criteria to be a lucky member is just that you should be active and helpful in the community.

Everyday, at 10–11 pm the admin/owner of the group will choose the lucky member. It’s going to be totally random on the activity basis.

As of now the winning probabilities are high for everyone as the number of members are less so join the group to earn the rewards.

Additional rules which everyone must follow,

As this Community is totally created to increase the Community of Cudos, so the winner must have sufficient knowledge about Cudos & they must follow CUDOS on Twitter & official telegram channel

What is Cudos ??

The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains. (Ref. Cudos article )

For more information visit:- CUDOS — The Global Compute Network

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