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Introduction to Cortex (CTXC) coin issuance price and quantity

Cortex's (CTXC) initial coin offering (ICO) in 2018 distributed 500 million CTXC tokens to the public at a price of $0.08 per token, establishing its initial market value.

Dec 17, 2024 at 12:14 am

Key Points:

Understanding Cortex (CTXC) Tokenomics
Analyzing the Initial Coin Offering (ICO) Details
Factors Influencing Token Distribution and Price

Introduction to Cortex (CTXC) Coin Issuance Price and Quantity

Cortex (CTXC) emerged as an AI-powered blockchain designed to facilitate data, model, and algorithm sharing. Its native cryptocurrency, CTXC, plays a crucial role in fuel the platform's ecosystem. This article delves into the issuance price and quantity of CTXC, exploring the factors that shaped its initial distribution and market value.

ICO Details

Token Name: Cortex (CTXC)
Total Supply: 1,000,000,000 CTXC
Token Distribution: Distributed through an Initial Coin Offering (ICO)
ICO Price: $0.08 per CTXC
ICO Date: March 13, 2018

Token Distribution

Public Sale (50%): 500,000,000 CTXC were made available to the public through the ICO at a price of $0.08 per token.
Team and Advisors (25%): 250,000,000 CTXC were allocated to the Cortex team and advisors, ensuring their long-term commitment to the project.
Foundation (20%): 200,000,000 CTXC were reserved for the Cortex Foundation, a non-profit organization dedicated to supporting the platform's development and adoption.
Ecosystem (5%): 50,000,000 CTXC were allocated to support the growth of the Cortex ecosystem, including partnerships and developer incentives.

Factors Influencing Token Price

Token Utility: CTXC is used to pay for various services on the Cortex platform, including data access, model training, and algorithm deployment. Its utility value directly impacts its market price.
Supply and Demand: The balance between the supply of CTXC (1,000,000,000) and its demand from users and investors determines its price.
Market Conditions: External factors such as cryptocurrency market trends, regulatory changes, and economic conditions can influence the price of CTXC.

FAQs

What is the current price of CTXC?
- The current price of CTXC can be obtained from cryptocurrency exchanges or tracking websites.
How can I purchase CTXC?
- CTXC can be purchased through cryptocurrency exchanges that list the token.
What is the use case of CTXC?
- CTXC is used to access data, train models, and deploy algorithms on the Cortex platform.
Who is behind the Cortex project?
- The Cortex project is led by a team of experienced professionals in the fields of AI, blockchain, and finance.
What is the future of Cortex?
- The Cortex team is committed to developing new features and applications for the platform, expanding its ecosystem, and driving the adoption of AI in various industries.

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