Introduction

Cloudax operates a dual token economy with our platform facilitating seamless integration between Cloudax (Web3 token) and ECO (Web2 token). The primary advantage of this system is that while Cloudax leverages the benefits of blockchain technology, ECO provides a simplified and legally compliant means for integration into various ecosystem platforms. This essentially allows holders of Cloudax to have access to a potentially unlimited web2 ecosystem potential.

The Cloudax Web3 currency is built on the Arbitrum Chain and is structured to serve as a fluid currency within the Cloudax Ecosystem while remaining attractive to Cloudax investors.

On the other hand, the Cloudax Web2 ECO token is a non-transferrable governance & utility token, correlated to staked CLDX. ECO is utilized in the Cloudax Stake Modules in exchange for benefits such as revenue share, boosted platform advantages, subscription tiers, and more. Cloudax ECO token will be used to reward subscribers of 3rd party partner platforms. It is a non-transferable escrowed governance token, corresponding to staked CLDX. It can be earned from yield-generating staking positions, or through direct CLDX conversion.