logoCortex (CTXC)

State-of-the-art machine-learning models on the blockchain

What is Cortex?

Cortex is a public blockchain infrastructure that supports the execution of AI algorithms and AI-powered dApps. Cortex provides a platform for AI developers to upload their models onto the blockchain and incorporate them into smart contracts.

Cortex uses PoW network consensus to verify every step of the machine-learning inference. The key technology of the Cortex blockchain is the Cortex Virtual Machine (CVM); the CVM is ported from the Ethereum Virtual Machine (EVM) and is backward-compatible with EVM with added layers for AI inference (infer instructions and deterministic inference engine). Infer instructions allows models to be called in smart contracts through instruction sets. The deterministic inference engine, called Synapse, guarantees exactly the same result of an AI model in different computing environments and thereby making network consensus on AI program executions possible.

The CTXC token is used as a fee for transactions and smart contract executions. When a transaction is invoked, Endorphins fees (similar to Ethereum’s Gas fee) are not only allocated to miners who help package the block on the full node but also used to pay the AI model providers.

A single execution of a contract will cause a fee of Endorphins Limit * max Endorphins Price. Generally speaking, the cost of the Endorphin is proportional to the size of the model. As a result, smart contract developers pay and sustain AI developers, while AI developers are incentivized to provide more quality AI models to smart contract developers, creating an ecosystem that leads to the evolution of better and better AI models. The Cortex blockchain can decentralize AI by creating a tokenomic model that incentivizes AI developers to share their models.

Anywhere a traditional application can be enhanced by AI, a decentralized application can be enhanced by AI. For instance, in gaming, on-chain AI can serve as impartial referees (such as in the game Digital Clash, recently released on Cortex) or enhance game characters (such as more life-like Crypto Kitties).

KEY METRICS [as of 19 Nov 2019]

TickerCTXC
Price$0.1713 (2086 sats)
24H Mkt. Cap$25.66MM
30 Day Avg. Cap$14.36MM
24H Volume$7.04MM
30 Day Avg. Volume$5.25 MM
Circ. Supply155,840,458 (51.98%)
Max Supply299,792,458 CTXC
Project Websitehttps://www.cortexlabs.ai
Project Teamhttps://www.cortexlabs.ai/#team
Project Githubhttps://github.com/CortexFoundation
Project WhitepaperLink

Recent News

  • Oct 2019: Announced strategic project outline (contract) with China Merchants Expressway to apply AI and blockchain to upgrade more than 10 highways and bridges
  • Oct 2019: Launched AI dApp game Digital Clash on Cortex Mainnet
  • Aug 2019: Announced partnership with Chainlink to bring secure real-world data to AI smart contracts
  • June 2019: Launched Cortex Mainnet

Token Sale Overview

  • Private Sale: Conducted in February of 2018 for 60MM CTXC at a rate of ~$0.53 per token and raised a total of 40,000 ETH (~$32.00 MM), selling 20.01% of total token supply.

CTXC Token Distribution

CTXC Token Release Schedule

The following chart represents the number and breakdown of all CTXC that are to be released into circulation on a monthly basis.

Mining reward halves every 4 years, similar to the halving schedule of Bitcoin. Total mining reward is 150,000,000 CTXC, yielding a total cap of 299,792,458 CTXC. The mining process of CTXC will take place over 20 years.

COMMUNITY DATA

Cortex currently focuses on community building across several geographies including Mainland China, Taiwan, South Korea, Thailand, Singapore, Russia, Canada, USA, and Latin America.

Cortex's current community development strategies include:

  • Publishing articles that explain AI and blockchain for the general public
  • Attending and hosting workshops, meetups, conferences, and hackathons to engage with developers and investors
  • Hosting bi-weekly technical/community updates

Cortex's future community development strategies include:

  • Hosting online and offline development workshops
  • Developer bounty programs
  • Building open model libraries and datasets
  • Collaborating with academia for research partnerships and publications

Community and Social Channels

Cortex community and social channels stats, as of Nov 19, 2019.

Telegram (English) | 14.8K Members
Twitter (English) | 14.7K Followers
Medium (English) | 356 Followers
Facebook (English) | 2,322 Followers
Reddit (English) | 20.1k Followers