Recently, Cudis @CudisWellness has been quite popular on my timeline. I took a closer look. To put it simply, this project allows you to manage health data and earn rewards through a smart ring worn on your hand.

First of all, it is undeniable that the overall market for wearable devices is quite broad. This ring sells for around $300, which is comparable to a mid-range smart watch. Of course, wearing just a ring is definitely more convenient and comfortable for sleeping, exercising, etc., compared to wearing a whole watch. The team generated $6 million in revenue last year, with half coming from offline sales. The demand for this physical product is quite substantial.

Secondly, the specific earning model is as follows: In the first season, each ring user earns an average of 150-300 CUDIS per month. The most active users in the front row earn nearly 800 CUDIS each month. In the second season, there is also a 5% token allocation. Based on the current user numbers, if you wear the ring daily, sleep well, and exercise well, you can mint your health data NFT in the app and earn over 100% annualized APY.

Additionally, I heard that a ring user in Japan earned over 60,000 CUDIS, with returns exceeding 30 times.

I see that the token distribution is 25% for the community, 15% for the ecosystem, and 15% for the team, all released linearly. They really value the community and seem quite sincere. Cudis seems to be quite popular in South Korea.

Actually, upon reflection, this project has two unique aspects. First, the real KYC data behind it ensures that the users generating health data for the exchange are real people willing to spend over $300 on a ring. This represents a very high-quality user for the exchange, which they definitely appreciate.

The second aspect is that it can be compared to PI, having a bit of a community coin feel. One is mobile mining, and this is health mining. The Cudis community in South Korea seems to be very strong, with many KOLs promoting it. This project truly aligns with the strategies favored by South Korean exchanges.

I heard that the second season is coming soon, introducing many new staking and locking mechanisms. If you invite friends to use it, you can earn a commission from their earnings. Buy tokens, stake them, lock them up, earn rings, and earn airdrops. Let's see how this flywheel effect turns out.

Stay tuned for updates. Good night, Macabaca.