Coldstack CLS Price

What is Coldstack (CLS)?

In the ever-evolving landscape of cloud storage, a new player, Coldstack, has emerged as a game-changer. Launched in 2021, Coldstack is the world’s first decentralized cloud aggregator, redefining how we store and access data. It offers a unique approach by aggregating various decentralized storage platforms like Filecoin, SIA, Arweave, and Storj, making it easier for users to utilize these services without the hassle of significant integration efforts. Leveraging powerful AI technology, Coldstack optimizes storage solutions to provide the most cost-efficient and secure way to store files. The platform’s transparent, immutable, and cryptographically verifiable approach ensures user trust and data integrity.

At the core of Coldstack's innovation is its AI-based pipeline, which intelligently selects the best storage option available, potentially saving users up to 80% on storage costs. The platform's Amazon S3 compatible API allows seamless integration, enabling access to decentralized storage solutions through a familiar interface. This compatibility extends to a wide range of file permissions and data storage needs, ensuring convenience and versatility. Moreover, Coldstack’s support for NFTs, allowing users to tokenize any uploaded file in popular standards like ERC-721 and ERC-1155, adds another layer of functionality, accommodating the growing complexity and fragmentation of decentralized storages.

Coldstack is not just a storage solution; it's a comprehensive ecosystem powered by its native token, $CLS. This token facilitates various critical tasks within the platform, from paying platform fees to authorizing transactions and creating access keys for data retrieval. The $CLS token also plays a crucial role in NFT issuance and DAO governance, enabling users to participate in key decisions on the platform. With its ambitious vision and innovative technology, Coldstack is set to disrupt the centralized data storage paradigm, offering a secure, simple, and affordable solution for both crypto and non-crypto users alike.

What is unique about Coldstack (CLS)?

Coldstack stands out as the world's first Decentralized Cloud Aggregator, uniquely combining AI-optimized storage solutions from various decentralized data storages like Filecoin, Arweave, and Storj into a unified platform. This approach ensures cost-efficiency, security, and easy access to decentralized cloud storage.

Who are the founders of Coldstack (CLS)?

The founders of Coldstack are Alexander Shishow, serving as the CEO, and Victor Nagaitsev, the CTO. Alexander Shishow brings experience in AI and decentralized products, while Victor Nagaitsev has over a decade of experience in software development with expertise in big data and AI​​.

Who are the backers/investors of Coldstack (CLS)?

Coldstack secured funding in its first round from prominent blockchain VCs like Prometeus Labs, Black Edge Capital, and Spark Digital Capital, demonstrating early support from key players in the crypto space.

Where can I buy Coldstack (CLS)?

You can buy Coldstack (CLS) on PancakeSwap (v2), Uniswap V2 (Ethereum), Raydium cryptocurrency exchanges.