What is CONUN (CYCON)?

What is CONUN (CON)?

Many businesses and individuals require powerful computing resources, but often rely on cloud computing providers to lease such resources. However, with advancements in technology, individuals can now process data and run complex applications on high-performance computers. Unfortunately, most people only use their upgraded workstations for simple tasks, leaving the majority of their computing resources unused. CONUN (CON) aims to solve this problem by utilizing idle resources to provide affordable high-performance computing services to users worldwide.

How does CONUN (CON) Work?

According to the whitepaper, the platform's goal is to create a distributed computing system that can help users manage projects that require high-performance computing resources. CONUN plans to leverage the computing power of smartphones, which are now highly advanced, to achieve this. The platform works by connecting personal computers to a peer-to-peer network, making it easy to share computing resources. For instance, CONUN connects individuals or groups willing to lease their computing resources with requestors who need computing power to run an application. CONUN aims to replace expensive cloud computing services and execute complex applications like scientific calculations and machine learning in less computing time.

The CONUN website describes the platform as a super-computing platform and horizontal revenue ecosystem built on a private blockchain. CONUN plans to launch a cryptocurrency exchange to add value to its long-term business. The platform aims to provide users with quick, secure, and affordable blockchain services. To ensure seamless distribution of computing power, CONUN uses DApps (decentralized applications) to discover data-intensive applications and less costly computing processes.

What is the CON Token?

The distributed computing system created by CONUN uses CON, a native token built on the Ethereum blockchain, to add more value to the network. CON serves as the primary payment medium, enabling requesters to lease computing resources using the token. Suppliers earn CON tokens for sharing their computing power. Users can conduct on-chain operations within the network by using CON tokens. Additionally, the network reserves 5% of the CON tokens generated to promote marketing and business.