Recently, Cudis @CudisWellness has been quite popular on my timeline.

I took a closer look.

In simple terms, this project is about

managing health data and earning rewards

through a smart ring worn on the hand.

First of all, it cannot be denied that

the overall market for wearable devices is still quite broad.

This ring sells for around 300 USD,

which is comparable to a mid-range smart watch.

Of course, wearing a single ring

is definitely more convenient and comfortable

for sleeping and exercising than wearing a whole watch.

The team generated 6 million USD in revenue last year,

with half coming from offline sales.

The actual demand for this physical product is quite substantial.

Secondly, the specific earning model is as follows:

In the first season, each ring user

earns approximately 150-300 CUDIS per month on average.

The most active users in the front row

earn nearly 800 CUDIS each month.

In the second season, there’s an additional 5% token

based on the current user base.

After buying the ring and wearing it normally every day,

getting good sleep and exercise,

they can mint their health data NFT in the app

and earn over 100% annualized APY.

Additionally, I heard there’s a user in Japan who earned over 60,000 CUDIS,

a return exceeding 30 times.

I see that the token distribution is 25% for the community,

15% for the ecosystem,

and 15% for the team,

with all being released linearly.

They really value the community and are quite sincere.

It seems that Cudis is quite popular in South Korea.

Actually, upon reflection, this project has two unique aspects.

The first is that behind it is real KYC data.

For exchanges,

it not only has tangible products and revenue,

but the users producing health data behind it

must be real people who are willing to spend over 300 USD to buy the ring.

This represents

a very high-quality user for exchanges,

and it's certainly something they really like.

The second is that it can actually be compared to PI.

It has a bit of a community coin vibe.

One is mobile mining,

and this one is health mining.

The Cudis community in South Korea seems to be very strong,

with many KOLs promoting it.

This project is indeed

a strategy that Korean exchanges favor.

I heard the second season is coming soon,

with many new staking and locking features added.

If you get friends to use it with you,

you can earn a commission from their earnings.

Buy the coin, stake it, lock it, earn rings, and earn airdrops.

Let’s see how this flywheel effect works out.

Stay tuned for updates.

Good night, Makabaka.