Cortex

What is the Cortex (CTXC) token?

Cortex (CTXC) is an open-source, decentralized blockchain platform that integrates Artificial Intelligence (AI) models with blockchain technology. It allows users to upload, execute, and interact with AI models through smart contracts on the Cortex blockchain. The platform aims to democratize AI by making it possible for any user to benefit from AI algorithms and for developers to add AI capabilities to their decentralized applications (DApps). Cortex also features a unique virtual machine, the Cortex Virtual Machine (CVM), which is compatible with the Ethereum Virtual Machine (EVM) and supports AI inference instructions.

Tokenomics

• Total Supply:

• 299,792,458 CTXC tokens.

• Allocation:

• 50.03% for mining rewards, 24.95% for the project’s foundation, and 5% for advisors, academia, and community.

• New tokens are issued every four years, with the amount halved each time to control inflation.

Market Data

As of today 21 December 2024, the price of Cortex is ₹27.88 INR, with a 24-hour trading volume of 66771935.43 USD. The market capitalization for Cortex is 69769931.37USD. The circulating supply is 226098542.97 Cortex, with the total supply also being 299792458 Cortex.

Token Pros and Cons

• AI Integration:

• Cortex’s integration of AI with blockchain technology is a unique feature that sets it apart from other cryptocurrencies.

• Democratization of AI:

• The platform allows for the easy integration of AI models, making AI accessible to a wider audience.

• Incentive Mechanism:

• Cortex provides incentives for AI model developers and users, fostering a collaborative ecosystem.

• Compatibility:

• The Cortex Virtual Machine is compatible with the Ethereum Virtual Machine, allowing for seamless execution of most EVM-compatible smart contracts.

• Decentralization:

• As a decentralized platform, Cortex offers the benefits of blockchain, such as transparency, security, and resistance to censorship.

• Complexity:

• The integration of AI into blockchain can be complex and may present technical challenges.

• Competition:

• Cortex faces competition from other blockchain platforms that are also exploring AI integration.

• Market Volatility:

• Like all cryptocurrencies, CTXC is subject to market volatility, leading to unpredictable price fluctuations.

• Adoption:

• Widespread adoption of AI on the blockchain is still in its early stages and may take time to materialize.

• Regulatory Uncertainty:

• The regulatory landscape for cryptocurrencies and AI is still evolving, which could impact Cortex’s growth.

Why Should You Invest in the Coin?

• Innovative Technology:

• Cortex’s unique proposition of combining AI with blockchain could lead to groundbreaking applications.

• Growth Potential:

• As AI becomes more prevalent, Cortex’s platform could see increased adoption and demand.

• Active Development:

• The project has shown consistent progress with updates and a clear roadmap.

• Strong Partnerships:

• Cortex has backing from notable investors like Bitmain and FBG Capital, indicating strong support.

• Market Position:

• Cortex has maintained a presence in the market and has the potential for future growth as the technology matures.

USP of the coin

• AI Smart Contracts:

• Cortex allows for the creation of AI-powered smart contracts, a feature not commonly found in other cryptocurrencies.

• CVM:

• The Cortex Virtual Machine adds an AI inference layer to the blockchain, enabling direct execution of machine learning models.

• Collaborative Incentives:

• The platform’s incentive mechanism encourages the development and use of AI models, benefiting both creators and users.

Problem the coin is solving

Cortex addresses the challenge of integrating AI with blockchain technology, providing a platform where AI models can be easily accessed and utilized within smart contracts. This integration aims to enhance the capabilities of DApps and democratize access to AI.

Founder and team background

• Cortex, a pioneering project in the integration of artificial intelligence (AI) with blockchain technology, was co-founded by Ziqi Chen, Yubo Xu, and Wei Wang.

• The Cortex team is composed of individuals with deep expertise in blockchain technology, AI, and business operations. Their collective experience and the strategic support from advisors and investors position Cortex to achieve its ambitious goal of decentralizing AI on the blockchain.

• Cortex has attracted top-tier institutional investors such as FBG, DHVC, Bitmain, and Zhenfund, indicating strong market confidence in its vision and technology. This financial and strategic backing plays a crucial role in Cortex’s development and potential for impact within the blockchain and AI sectors.

ICO Price

The Initial Coin Offering (ICO) for Cortex (CTXC) took place from February 7th to March 2nd, 2018. During this period, Cortex successfully raised $34.87 million. The ICO price for a single CTXC token was set at $0.580. Key ICO Details:

• ICO Duration

• : February 7th to March 2nd, 2018.

• Total Raised

• : $34.87 million.

• ICO Price

• : $0.580 per CTXC token.

• Platform

• : The CTXC token is based on the Ethereum blockchain, adhering to the ERC20 token standard.

• Post-ICO Performance

• :

• Return on Investment (ROI)

• : Since the ICO, CTXC has experienced fluctuations in its market value. It has provided investors with positive returns at various points, reaching an all-time high (ATH) of $2.41 on April 29th, 2018. This represents a significant increase from the ICO price, showcasing the potential for high returns on investment within the volatile cryptocurrency market.

• Market Dynamics

• : The price of CTXC, like many cryptocurrencies, has been subject to market dynamics, including supply and demand, investor sentiment, and broader market trends. As of the latest data, CTXC has seen various levels of trading activity and price changes.

Risks Associated in Investing in the Coin

• Technical Risks:

• The complexity of integrating AI with blockchain could lead to unforeseen technical issues.

• Market Competition:

• Cortex may struggle to differentiate itself in a crowded market with other AI blockchain projects.

• Adoption Challenges:

• The success of Cortex depends on the adoption of its technology, which is not guaranteed.

• Regulatory Risks:

• Changes in regulations could adversely affect the project’s growth and token value.

• Liquidity Risk:

• Depending on the exchange and market conditions, investors may face liquidity issues when trying to buy or sell CTXC.

Whitepaper Insights

The Cortex whitepaper outlines the project’s vision to create a decentralized AI autonomous system on the blockchain. The platform aims to enable the execution of machine learning models on the blockchain, which can be used in smart contracts. The Cortex Virtual Machine (CVM) is introduced as a key component that allows for AI inference directly on the blockchain, making it possible for developers to create AI-enabled DApps.

The whitepaper discusses the tokenomics of CTXC, including the total supply, distribution, and mechanism for issuing new tokens. It also details the incentive system designed to encourage developing and optimizing AI models on the Cortex platform. Contributors of AI models are rewarded when their models are used, creating a win-win situation for both developers and users.

Cortex’s approach to solving the problem of integrating AI with blockchain is to provide a one-stop solution that allows for the easy upload and use of AI models. The whitepaper emphasizes the potential of AI in enhancing the capabilities of smart contracts and the broader implications for various industries.

The project’s roadmap is presented, highlighting the milestones and development progress. The whitepaper also addresses the potential risks and challenges associated with the project, including technical, regulatory, and market risks.

Overall, the Cortex whitepaper presents a comprehensive plan for creating a decentralized AI platform on the blockchain, with the goal of democratizing access to AI and fostering a collaborative ecosystem for AI development and use.