KuCoin AMA With Caduceus (CMP) — The World’s First Decentralized Edge Rendering Metaverse Protocol

Dear KuCoin Users,

Time: September 23, 2022, 10:00 AM - 10:58 AM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the CTO of Caduceus, Matt, in the KuCoin Exchange Group.

Official Website: https://caduceus.foundation/

Whitepaper: https://caduceus.foundation/white-paper-v12.pdf

Follow Caduceus on Telegram and Twitter.

Guest:

Matt — CTO of Caduceus

Q: Let us know about your project and where the idea for Caduceus came from, and tell us about your core team members and their backgrounds.

Matt: Caduceus is the Metaverse protocol for decentralized edge rendering an infrastructure-level open blockchain platform specifically built for the Metaverse and the decentralized digital world. It's manufactured with next-level processing power and rendering capabilities.

As you can see from our introduction, the underlying technologies we provide for the Metaverse are blockchain technology, edge computing technology, computing resources, and rendering resources derived from computing power.

First, Caduceus' business logic is based on a decentralized, fully modular, and open blockchain with lower transaction costs, faster speed, and higher security than any other public blockchain. Blockchain technology has transformed the computing power industry from a closed system into an open system.

Secondly, GPU-based computing resources are the core of our business. Caduceus has created a completely open system: through the available method of the computing power supply side, everyone can participate, and everyone can join the Caduceus platform through Caduceus' technical modules inside, thereby contributing to the computing resources of the GPU. We will provide services not limited to film and television, traditional games, AI, and other industries. Our business direction is mainly for the Metaverse, online games, film, television, etc. We will provide them with essential GPU computing power to reduce their computing costs, to improve the user experience. We have nearly four years of precipitation, and the Metaverse identity system, Metaverse edit tools, and GPU mining products will be officially launching this year.

Created and developed by internationally renowned investors and blockchain experts, Caduceus has a team of superstars with deep expertise in blockchain, DeFi, software development, finance, retail, music, art, media, and entertainment.

Q: CMP is now listed on an exchange. Does CMP have any value added?

Matt: We will mention the three roles in our mining ecology:

1. Rendering nodes

2. Enterprise users

3. Individual users

First, if you want to become a "rendering node," you need to pledge and lock a certain amount of CMP to provide computing power services. Caduceus ensures that the machine supplier can maintain the machine's stability through the blockchain pledge model of smart contracts. To provide a machine, you need to pledge the CMP corresponding to the value of the mining machine, and the pledged tokens will be used as a shutdown penalty.

Secondly, if enterprise users demand rendering resources, they must also pay CMP to purchase the corresponding rendering computing resources.

It is worth mentioning that ordinary users can provide their computing resources through their PCs even if they do not have professional mining equipment. Of course, we will also give a reasonable pledge amount according to the configuration of your equipment.

It is not difficult to see that if the demand for Caduceus' rendering nodes surges, the amount of CMP purchased by the official trading channel will also surge. If supply exceeds demand, then CMP will increase in price. Of course, everyone cares about whether there are so many rendering resources. I am very confident to tell you here that Caduceus has been enriching the ecology of the public chain in addition to the business of rendering computing power. First, it can be said that 60% of the applications deployed on our chain have rendering needs. Secondly, we are in other traditional industries. This is because films and television, games, entertainment, and other industries have rich resources, and now they are all in the stage of signing agreements. It is worth mentioning that it is expected that in Q3 to Q4 2022, Caduceus's rendering and distribution client will be officially launched, and multiple applications will be deployed.

It can be said that Caduceus already has a very strong consensus. This way, the entire Caduceus network will develop rapidly, and the currency price will rise accordingly. In selecting time nodes, I think this is also a great advantage for us on the eve of the Ethereum upgrade. Ethereum mining equipment and miners can easily move into the Caduceus ecosystem.

Q: Can you tell us more about Caduceus?

Matt: As mentioned above, the current business direction of Caduceus is in the Metaverse. The Metaverse is a virtual social form generated by integrating various new technologies. It provides an immersive experience based on XR technology and builds an economic system based on blockchain technology. The virtual world and the real world are closely integrated into the economic, social, and identity systems, and each user is allowed to produce and edit content. Such a scene makes the high real-time, high interactivity, and high immersion of the Metaverse very demanding on the computing power of terminal devices. The adoption of edge rendering technology will be essential to break through the limit of computing power. Computing power and rendering have become critical infrastructures for the Metaverse.

Our network is undergoing more optimization and testing, and many features have not been fully deployed and announced. However, according to the data in the current testing phase, our fastest TPS can reach 100,000, and the cost of a single transaction can be controlled at $0.0001.

Caduceus pays more attention to performance and capacity. It completes edge rendering by computing, rendering, and storing on the cloud GPU and transmits it to the display terminal through the streaming process. With the characteristics of massive computing and flexible use, it provides the optimal solution for shortening the rendering cycle. In addition, the cost will be significantly reduced, and the efficiency will be higher, making it suitable for various usage scenarios. The developers can do many experiments on Caduceus with lower trial and error costs and a cleaner environment to realize some hypotheses. In the metaverse ecology of Caduceus, creators can also be widely disseminated, motivated, and recognized. The wisdom value of the creators can also be separated from a closed ecology, and their identities will be more diversified. They can become the builders of the ecology.

Q: What is the role of the CMP token in Caduceus? Would you tell us more about its tokenomics?

Matt: CMP is the native token in the Caduceus Metaverse protocol and is also a vital part of the Caduceus Metaverse ecology. We see CMP as the bridge connecting the real and virtual worlds.

Enterprise users can use CMP to exchange GPU computing power provided by Caduceus global computing nodes, flexibly use massive computing resources, improve computing efficiency, shorten rendering cycles and obtain higher-quality metaverse development scenarios at a much lower cost. Furthermore, Caduceus uses CMP as a reward to create a C2B open system allowing all networked devices to participate in contributing idle GPU computing resources, and expand Caduceus global computing nodes to finally achieve supply and demand between enterprises and users with mutual benefits.

In addition, CMP can also be used as a circulation medium for ecological applications on the Caduceus chain. For example, 3D NFT brand HAPE has introduced CMP as a circulation medium, so that project fans can directly use CMP to interact with the application and further provide liquidity support.

Q: What area is the current Caduceus's application on the chain focused on? Are there plans for ecological development?

Matt: In a short period, nearly 70+ blockchain and metaverse projects have joined the Caduceus ecosystem. We welcome more metaverse projects, open finance, and cloud games to join our ecosystem. We will also cooperate with ecological applications to motivate users to complete the metaverse experience through activities and airdrops.

At the same time, our goal at this stage will be to carry out a large number of cross-industry cooperation with leading Web2 enterprises, fashion brands, film and television IP, sports/film and television stars, and artists to create popular applications in the Metaverse, and to create the diversified development of the Caduceus Metaverse. For example, we have just partnered with Bin Zayed Group to bring the city of Dubai to everyone using virtual reality technology, creating a real urban experience in the Metaverse. What can be revealed is that more very huge cooperation will be announced soon.

Q: Do you consider community feedback?

Matt: Yes! We listen, watch, and try our best to predict where the sector is heading and the needs of users and projects in those sectors. Of course, the ideal consumer is anyone wanting to build projects and applications for the Metaverse, but it is a single person or a business moving into this space.

Q: How old is your project?

Matt: Caduceus has had four years of development put into it so far. You can find our roadmap here.

Q: What are your top three things for priorities in 2022?

Matt:

1. Release of mining and staking program.
2. Public release of code for cloud edge rendering.
3. Getting more projects onto the chain!

Q: What's the story behind the project name Caduceus?

Matt: Caduceus is the name of the staff of Hermes, the Greek messenger of the Gods. He could travel from the domain of the Gods, through the realm of men, and then into the underworld. We believe the Metaverse will represent many of these new worlds. Therefore, Caduceus is a very fitting name.

Q: You mentioned that Caduceus is developer-friendly and easy to use, in addition to providing its own development tools. Can you tell us more about the tools you make available to developers? Is there a cost of using these tools?

Matt: We love developers. Caduceus is EVM compatible, so if you've worked with any of the tools with Ethereum, you'll be ready to go with Caduceus' solidity, smart contracts, and all. We also have a series of other tools on our website. There is no cost to use them.

🎁Participate on the Caduceus AMA quiz now for a chance to win 10 USDT!

The form will remain open for five days from publishing this AMA recap.

KuCoin and Caduceus have prepared a total of 8,000 CMP to give away to AMA participants.

1. Free-ask section: 250 CMP

2. Flash Mini Game: 2,500 CMP

3. Post-AMA Quiz: 5,250 CMP

. . .

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