What is CONUN (CON)?
CONUN is an initiative that intends to address the issue of storage capacity limits due to the expansion of social media, metaverse, and NFT markets. CONUN users offer their unused storage on PCs and VMs for content distribution. By utilizing a decentralized storage system, individuals can guarantee that their data will remain safe forever while also gaining from each other's success as part of a user-centric network.
CONUN's main goal is to bring together the data storage of all computers on a global scale. It offers two types of nodes for users to access this collective memory: OceanDrive Desktop Application, which requires no extra setup after downloading, and OceanDrive Storage Provider, which can be accessed through a command line interface over Linux or virtual machine-based devices.
By downloading OceanDrive and allowing their personal devices to join the massive network, users are able to take part in CONUN's ecosystem. Through this interface, data can be spread across multiple demand devices. In essence, the provider moves the information over to OceanDrive while the requesting device accepts it. This utilizes storage space that would otherwise be left unused on a user's device.
The CON token is the native utility token of the platform. Care to see the current CON price? Check out the CONUN price chart above.
Use Cases of CON Tokens
CONUN's token reward policy is open to anyone with idle storage resources in their devices. For sharing their spare storage resources, users earn CON crypto tokens. The shared storage resources are used to create value for various services and data. The resulting value goes back to the user who has provided the storage and is paid in the CON coin. A compensation policy is applied according to the time and efficiency of the OceanDrive operation.
To check the value of these rewards, you can check the live CONUN price chart above. It features the current and the previous CON price.
Who Founded CONUN?
Details about the founders and developers of this project are not available.
CON Tokenomics
The total number of CON tokens available is 5 billion. This amount has been allocated in the following way: 61.96% was released to the circulation, 34.36% was set in the foundation holdings, 2.45% was dedicated for initial investors, 0.23% for advisors, and the remaining 1% was set aside in personal wallet holdings.
However, there was no max supply set. This means that more tokens could be minted in the future.
