Cortex $CTXC

Cortex is a unique crypto project aimed at integrating artificial intelligence with blockchain technology. As a twin-token platform with AI-focused smart contracts, Cortex is making strides to establish a decentralized platform for collective AI development and usage. The project aims to implement machine learning models on its blockchain, allowing users to infer using smart contracts. It is also designed as a platform where researchers can upload their AI models, and users can access these models for a fee paid in the platform's native tokens.

What is Cortex?

Cortex is a public chain that supports AI algorithm integration with smart contracts. This unique feature creates an opportunity to integrate AI into smart contracts, providing an innovative way of creating “artificial general intelligence” or AGI. The platform operates with a token system, specifically Cortex Coins (CTXC) and Endorphin tokens, which are utilized for transactions within the ecosystem.

Transactions and Tokens on Cortex

Endorphin tokens are the pricing unit for any transactions occurring on the Cortex public chain, including initiating transactions, opening smart contracts, and performing AI inferences. On the other hand, CTXC tokens are used as a means of reward for the community, especially model contributors who can earn these tokens for their efforts.

Cortex’s Token Sale and Distribution

Cortex completed a successful private token sale in early 2018, selling CTXC tokens at 1 ETH for 1500 CTXC. Out of the total supply of nearly 300 million tokens, 50.03% are earmarked for Cortex coin miners as a mining reward, 24.95% are allocated to the project's foundation, and the remaining 5% are distributed among advisors, academia, and the community. The token sale notably garnered support from leading investors like FBG Capital and Bitmain.

Cortex’s Key Features

Cortex offers a number of key features, including AI contracts and the Cortex Virtual Machine (CVM). The AI contracts allow for the creation and usage of AI models on the platform, while the CVM ensures synchronization of inferences made using these models across the whole network. The technology behind Cortex allows for advanced AI-based smart contract programming, making it a potentially powerful tool for AI development and implementation in the blockchain space.