Coldstack aims to use advanced AI to deliver a single unified API and unified billing-two upgrades meant to reshape decentralized cloud storage. It will source competitively priced storage from AWS, Filecoin, Google Cloud, Digital Ocean, and other providers, then use an AI-driven pipeline to fine-tune total expenses, giving users a simple, one-click way to access cloud services at the lowest achievable cost.

Coldstack: The Uber for Clouds

With CEO Alexander Shishow at the helm and a team that includes AI specialists, blockchain architects, and cloud engineers, Coldstack is designed to move decentralized storage forward. The project is backed by crypto groups like Prometeus Labs and Ankr, along with a wide range of established investors.

As the first aggregator of decentralized data, Coldstack plans to challenge centralized storage models and provide crypto and non-crypto users with a secure, straightforward, and budget-friendly way to keep their files.

Files, NFTs and DeFi

As the crypto ecosystem grows larger and more diverse, resilient decentralized infrastructure becomes increasingly important. Beyond storing files, Coldstack’s planned applications are broad and support:

With the private beta of the minimum viable product (MVP) already live, Coldstack is preparing to shift the landscape by rolling out its public beta and the complete product in the coming months.

Token Utility

The $CLS token is the native token of ColdStack and forms the foundation of the project’s ecosystem. CLS tokens will be used for several essential actions across the ColdStack platform. A key function of the $CLS token is covering platform fees during the billing flow. Those fees are paid by users who store and retrieve their data, and they can be rewarded to miners operating ColdStack Nodes.

$CLS tokens also support signing and authorization of transactions on the ColdStack platform, along with generating access keys that let users retrieve their data.

NFT creation and other related activities on Coldstack will be processed using $CLS tokens, and the resulting NFTs will then be sent directly to the billed $CLS wallet.

$CLS tokens will serve as the main tool for DAO governance, enabling users to take part in important platform decisions, including onboarding new nodes and addressing customer complaints.