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How to obtain CTXC coins? Several methods to obtain CTXC coins are introduced

CTXC coins, the native tokens of the Cortex AI/ML ecosystem, can be obtained through exchanges, staking rewards, community participation, or purchases in the Cortex Marketplace.

Oct 04, 2024 at 03:05 pm

How to Obtain CTXC Coins

CTXCs are the native utility tokens of the Cortex Network, a decentralized artificial intelligence (AI) and machine learning (ML) marketplace. CTXC coins can be used for various purposes within the Cortex ecosystem, including:

1. Staking to Validate Transactions:

To ensure the security and integrity of the network, CTXC holders can stake their tokens to become validators and participate in transaction validation. Validators earn CTXC tokens as rewards for contributing to network security.

2. Paying for Ecosystem Services:

CTXC coins can be used to pay for various services and resources within the Cortex ecosystem, such as:

Deploying AI models on the Cortex Marketplace
Accessing data from Cortex Data Marketplace
Training AI models using Cortex's AI infrastructure

3. Buying and Selling on the Cortex Marketplace:

CTXC coins serve as the default currency for buying and selling AI models, data, and services on the Cortex Marketplace.

4. Governance and Voting:

CTXC holders have voting rights in the Cortex Network governance system. They can participate in decision-making processes, such as approving proposals and electing representatives.

5. Earning Rewards through Delegation:

CTXC holders who do not want to run their own validator nodes can delegate their tokens to other validators. In return, they will earn a percentage of the staking rewards generated by the validators they delegate to.

Methods of Obtaining CTXC Coins:

Purchasing on Exchanges: CTXC coins can be purchased on cryptocurrency exchanges such as Binance, Huobi, and Gate.io.
Rewards for Validators and Delegators: As mentioned above, validators and delegators earn CTXC tokens as rewards for contributing to network security.
Earning through Participation: Cortex runs various community programs and airdrops where users can earn CTXC coins for contributing to the ecosystem.
Purchases in the Cortex Marketplace: CTXC coins can be used to make purchases in the Cortex Marketplace, and a portion of these coins will be rewarded to the Cortex team.

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