ColdStack is a decentralized cloud aggregator that aims to provide an S3 endpoint for storage networks such as Filecoin, SIA, Arweave, and Storj, seeking to improve data accessibility and efficiency.^[1][2]

Overview

Founded in 2020 by Alexander Shishow, ColdStack is a decentralized cloud aggregator that aims to provide an S3 endpoint for various decentralized storage networks.

The platform seeks to optimize storage costs through an AI-based pipeline, with the potential to reduce expenses by up to 80%. Its protocol facilitates data storage via a Unified Data Exchange API, fully compatible with Amazon S3 API, which allows for straightforward integration for projects. ColdStack also intends to release an open-source library for S3-compatible decentralized storage implementations.^[1][2][3][4]

Technology

ColdStack functions as a Decentralized Cloud Aggregator by integrating various decentralized storage networks, through an Amazon S3-compatible API. This configuration aims to allow users to manage data without requiring migration while utilizing AI-driven solutions to optimize costs and enhance security against unauthorized access.

Additionally, ColdStack supports NFT storage by enabling the tokenization of files using ERC-721 and ERC-1155 standards.^[6]

Products

ColdStack App

The ColdStack App aims to provide secure backups for personal data, including photos and videos, from mobile devices without incurring high fees. It is designed to integrate with Android and iOS, allowing for automatic background backups in real-time or over Wi-Fi, ensuring secure storage on the blockchain.

To support Web 3.0 adoption, ColdStack focuses on convenience and clarity while minimizing jargon. Community feedback will be gathered through a decentralized focus group to inform feature suggestions and improvements.^[5]

Public Buckets

ColdStack aims to develop public buckets that would allow users to upload media files, such as crypto memes and videos, to publicly accessible storage with specified access limits. Files may be indexed by username or managed independently, enabling low-resolution previews.

These buckets are intended to facilitate content monetization through downloads, allowing earnings in fiat, CLS, or compatible tokens. They also aim to provide a safeguard against censorship by distributing information across a decentralized infrastructure, thereby promoting free speech and access to important media.^[5]

Tokenomics

ColdStack Token ($CLS)

The $CLS token functions as the primary currency for the ColdStack platform, facilitating decentralized storage transactions and governance while addressing concerns related to censorship. It aims to provide accessibility on both Ethereum and Binance Smart Chain, promoting participation in the ColdStack ecosystem.^[2]

Allocation

The total supply of CLS tokens is 50,000,000, with allocations structured as follows:

• Token Sale: 20.5% (10,250,000 CLS)
  • Private Round: 12.0% (6,000,000 CLS)
  • Strategic Round: 7.5% (3,750,000 CLS)
  • Public Sale: 1% (500,000 CLS)
• Team: 10% (5,000,000 CLS)
• Staking and Governance: 20% (10,000,000 CLS)
• Liquidity: 10% (5,000,000 CLS)
• Ecosystem Fund: 35% (17,500,000 CLS)
• Reserves: 4.5% (2,250,000 CLS)^[7]

Utilities

The CLS token is fundamental to the ColdStack ecosystem, serving several key functions:

• Payment of Platform Fees: Users aim to pay fees for data storage and retrieval, which may be awarded to ColdStack Node miners.
• Transaction Signing and Authorization: CLS tokens are utilized for signing and authorizing transactions.
• Access Key Creation: They facilitate the creation of access keys for data retrieval.
• NFT Issuance: CLS tokens aim to support the issuance of NFTs, which are transferred to users' CLS wallets.
• DAO Governance: Users can participate in governance decisions, such as admitting new nodes and addressing complaints, using CLS tokens.^[7]

Ambassador Program

The ColdStack Ambassador Program aims to engage individuals interested in decentralized storage and blockchain. After reviewing 500 applications, 350 ambassadors were selected to enhance community involvement.

Ambassadors gain early access to resources and networking opportunities and can earn points for rewards. The program includes three tiers—Blue ColdStacker, Data ColdStacker, and The ColdStacker—reflecting varying levels of commitment and contributions.^[8]