Cortex (CTXC) coin issuance price, total amount and white paper introduction

Launched in 2018 with an initial issuance price of $0.05, Cortex's blockchain platform harnesses scalable computation while preserving data privacy through its unique dual-layer architecture and hybrid consensus mechanism.

Dec 18, 2024 at 07:19 pm

Key Points:

• Cortex (CTXC) is a blockchain platform that focuses on scalable computation and confidential data protection.
• CTXC was issued at $0.05 during its initial coin offering (ICO) in 2018.
• The total supply of CTXC is 1 billion tokens.
• The Cortex white paper outlines the platform's architecture, consensus mechanism, and use cases.

Cortex (CTXC) Coin Issuance Price

• CTXC was issued at $0.05 during its ICO, which held between October 25th and November 15th, 2018.
• The token sale raised a total of $30 million, with 600 million CTXC tokens sold.
• The ICO price of CTXC was considered relatively low compared to other projects in the cryptocurrency industry at the time.

Total Amount of CTXC

• Total token supply is 1 billion CTXC.
• 600 million CTXC tokens were sold during the ICO.
• The remaining 400 million CTXC are held by the Cortex team and are used for development, marketing, and operations.
• The limited token supply is designed to help maintain the value of CTXC by reducing inflationary pressures.

White Paper Introduction

• The Cortex white paper was published in June 2018.
• It provides a detailed overview of the Cortex platform, its architecture, and its tokenomics.
• The white paper also discusses the potential use cases for Cortex, such as secure data analytics and confidential computing.

Platform Architecture

• Cortex is a dual-layer blockchain platform.
• The first layer is a public blockchain that uses a Proof-of-Work (PoW) consensus mechanism.
• The second layer is a private blockchain that uses a Proof-of-Stake (PoS) consensus mechanism.
• This dual-layer architecture allows Cortex to combine the security and scalability of public blockchains with the privacy and confidentiality of private blockchains.

Consensus Mechanism

• Cortex uses a hybrid consensus mechanism that combines PoW and PoS.
• The PoW consensus mechanism is used to secure the public blockchain, while the PoS consensus mechanism is used to secure the private blockchain.
• This hybrid consensus mechanism provides a secure and efficient way to manage and update the Cortex blockchain.

Cortex Team

• The Cortex team is led by co-founders Ivan Zhou and Ming Zhang.
• Zhou is a serial entrepreneur with over 15 years of experience in the IT industry.
• Zhang is a former engineer at Google and a PhD holder in computer science from Stanford University.
• The Cortex team has over 50 engineers and researchers with expertise in blockchain technology, artificial intelligence, and data security.

FAQs:

• What is the role of CTXC in the Cortex platform?

  • CTXC is the native utility token of the Cortex platform. It is used to pay for services on the platform, such as data storage, computation, and confidential computing.

• What is the token distribution schedule for CTXC?

  • The Cortex team has allocated 60% of the total CTXC supply for the ICO. The remaining 40% is allocated to the team, advisors, and community initiatives.

• Where can I buy CTXC?

  • CTXC is listed on several cryptocurrency exchanges, including Binance, Huobi, and Gate.io. You can buy CTXC with Bitcoin, Ethereum, and USDT.