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Coldstack

Coldstack (CLS)

$ 0.00
0.11 %
Main info
News
Comments
Markets
Analytics
Market cap
$113.9K
0.11 %
Volume (24h)
$48.61
0.11 %
Circulating supply
18,181,241 CLS
Total supply
49,763,520 CLS
Max. supply
50,000,000 CLS

Key data

updated $0
Market cap$113.9K
Volume 24h$48.61
Circulating supply18.18M36% of max 50M
All-time high$6.46-100% from peak · 2021-05-15

Coldstack (CLS) is a cryptocurrency token tied to the Coldstack project, which works on connecting decentralized storage networks into a single marketplace. In simple terms, it aims to let users buy storage space from various decentralized providers without digging into each platform separately. The token, traded under the ticker CLS, serves as the payment unit within that ecosystem.

Frequently asked questions

What is Coldstack and how is it different from other storage coins?

Coldstack is an aggregator of decentralized storage networks, meaning it sits on top of platforms like Filecoin or Arweave rather than competing with them head-on. Instead of locking users into one provider, it routes data to whichever network offers the best conditions. This aggregation approach is what sets it apart from single-network coins.

How does Coldstack work technically?

The system accepts files from users, splits and prepares them for storage, then distributes the data across partner decentralized networks through its routing layer. CLS tokens are used to pay for these storage services. The exact consensus mechanism depends on the blockchain the token runs on, so it's worth checking the project's current technical documentation for details.

How is the supply of CLS structured?

Coldstack has a hard cap of 50,000,000 coins, meaning no more CLS can ever be created beyond that limit. A fixed maximum supply is a common way to prevent endless inflation of the token. How those coins are allocated and released over time is defined by the project's tokenomics.

How can you store and use CLS tokens?

Like most tokens, CLS can be kept in wallets that support its blockchain standard, with hardware wallets being the safer option for larger amounts. Within the Coldstack ecosystem, the token is used to pay for decentralized storage services. Always verify the official contract address before transferring or buying to avoid fake tokens.