What Is CONUN (CON)?
CONUN (CON) is a blockchain-based service platform providing high-performance computing resources to users worldwide. The demand for strong computing resources is high among enterprises and individuals. Industries mostly rely on cloud computing service providers like Microsoft, Amazon, Google, IBM, and others to lease computing power and run big data applications. Advancements in technology allow individuals to process data and run complex applications on high-performance computers. However, people mostly utilize upgraded workstation computers to browse the internet, perform simple documentation, or play games. In such cases, the majority of the computing resources remain idle and unused. CONUN reckons this problem and seeks to utilize idle resources to provide high-performance computing services at low cost.
As the whitepaper cites, the platform aims to create a horizontally distributed computing system to help users manage projects that demand high-performance computing resources. Since smartphones today are revved up in terms of technology, CONUN plans to combine the computing performance of phones within the network. The platform works by connecting a personal computer to a peer-to-peer network facilitating easy sharing of computing resources. For example, CONUN connects a requestor seeking to use computing power to run an application with providers, individual, or group willing to lease their computing resources. Apart from replacing the expensive cloud computing services, CONUN wishes to execute complex applications like scientific calculations and machine learning in less computing time.
The website describes CONUN as a super-computing platform and horizontal revenue ecosystem on a private blockchain. CONUN envisions contributing value to its long-term business by launching a cryptocurrency exchange. CONUN intends to provide users with quick, secure, and affordable blockchain services. To ensure seamless distribution of computing power, CONUN utilizes DApps (decentralized applications) to discover data-intensive applications and less costly computing processes.
CONUN utilizes CON, the native token created on the Ethereum blockchain. CON serves to add more value to the distributed computing network. The token functions as a primary payment medium, allowing requesters to lease computing resources using CON. Suppliers earn CON tokens for sharing their computing power. CONUN allows users to conduct on-chain operations within the network by using CON tokens. The network reserves 5% of the CON tokens generated to promote marketing and business.
History of CONUN (CON)
The total supply of the CONUN utility token is 5,000,000,000 CONs.
