CTXC
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CTXC

Cortex 5-10 years
Website http://www.cortexlabs.ai/
Browser
OTH RELPs
Github
White Paper
Avg Price
+5.21%
1D

$ 0.3428 USD

$ 0.3428 USD

Market Cap

$ 74.366 million USD

$ 74.366m USD

24h trading volume

$ 9.598 million USD

$ 9.598m USD

7d Vol

$ 31.997 million USD

$ 31.997m USD

Circulating supply

221.177 million CTXC

Related information

Issue Time

2018-04-17

Platform pertained to

--

Current price

$0.3428USD

Market Cap

$74.366mUSD

Volume of Transaction

24h

$9.598mUSD

Circulating supply

221.177mCTXC

Volume of Transaction

7d

$31.997mUSD

Change

24h

+5.21%

Number of Markets

45

Github Messages

More

Warehouse

Joakim Lundborg

Github's IP Address

[Copy]

Codebase Size

46

Last Updated Time

2021-01-01 03:49:33

Language Involved

--

Agreement

--

Token conversion

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Historical Price

Introduction

Markets

3H

-0.16%

1D

+5.21%

1W

-1.38%

1M

+5.68%

1Y

+82.32%

All

-81.96%

Aspect Information
Short Name CTXC
Full Name Cortex
Founded Year 2018
Main Founders Ziqi Chen, Weiyang Wang
Support Exchanges Binance, Huobi, OKEx, CoinTiger, Upbit
Storage Wallet MetaMask, Ledger, Trezor

Overview of CTXC

Cortex (CTXC) is a type of cryptocurrency that was established in 2018. It was founded by Ziqi Chen and Weiyang Wang. This digital currency operates on various exchanges, including Binance, Huobi, OKEx, CoinTiger, and Upbit. As a digital asset, CTXC can be stored in various wallets such as MetaMask, Ledger, and Trezor. The CTXC network aims to provide state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex blockchain. The main objective of Cortex is to implement a machine-learning platform that allows users to post tasks on the platform, submit artificial intelligence DApps (Decentralized Applications).

overview
web

Pros and Cons

Pros Cons
Implementation of machine-learning models Relatively new in the market
Supported by major exchanges Market volatility
Allows users to post tasks on the platform Technology complexity
Ability to submit AI DApps Dependent on adoption rate of technology

The key pros of the Cortex (CTXC) token are as follows:

1. Implementation of Machine-learning Models: Cortex's main differentiator is its ability to implement state-of-the-art machine learning models on the blockchain. This unique aspect could potentially provide Cortex with a competitive edge in the ever-evolving cryptocurrency landscape.

2. Supported by Major Exchanges: Cortex (CTXC) is traded on some of the top cryptocurrency exchanges. This includes Binance, Huobi, OKEx, CoinTiger, and Upbit. This wide support enhances the liquidity and accessibility, facilitating its easy buy or sell.

3. Task Posting: Cortex's platform allows users to post tasks. It is a user-friendly feature that may appeal to users requiring a platform that caters to their specific needs.

4. Ability to Submit AI DApps: Cortex allows the submission of artificial intelligence DApps (Decentralized Applications). It encourages creativity and flexibility, fostering the development of innovative applications.

Meanwhile, the cons associated with the Cortex (CTXC) token are as follows:

1. New in Market: Being relatively new to the market (founded in 2018), CTXC may not yet fully tested by time or market pressures. This may carry certain risks as the coin is in a crucial phase of gaining acceptance and trust.

2. Market Volatility: Like most cryptocurrencies, CTXC is subject to market volatility. This can lead to fluctuation in prices, which might not always be favorable for the users or investors.

3. Technological Complexity: The complexity of the technology used by Cortex, especially around machine learning and AI DApps, might be daunting for non-tech-savvy users. This may potentially limit its usability and adoption.

4. Dependence on Adoption Rate of Technology: The success of CTXC is heavily dependent on the adoption rate of its technology. Slow uptake can limit its growth and the potential upside of its unique offerings.

What Makes CTXC Unique?

Cortex (CTXC) brings an innovative approach to the realm of cryptocurrencies by integrating machine learning models onto the blockchain. It enables these models to be included in smart contracts, which isn't a common feature in most cryptocurrency blockchains. This capacity to intricately combine AI and blockchain technology positions CTXC as quite distinct within the cryptocurrency sphere.

Additionally, Cortex facilitates an open-source platform where users can post tasks and submit AI DApps (Decentralized Applications). This ability for users to contribute directly to the platform is another distinguishing aspect of Cortex, promoting user involvement and broadening its use-cases beyond conventional transactions.

However, these innovative features also add a layer of complexity, and the success of Cortex heavily depends on the adoption rate of its technology, which is subject to market acceptance and technological acclimatization.

While many cryptocurrencies focus on transactions and privacy, Cortex has chosen to carve its niche at the intersection of blockchain and machine learning enhancing potential applications of blockchain technology.

Circulation of CTXC

Circulating supply

The circulating supply of Cortex (CTXC) is currently 14.577 million tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of CTXC is 14.881 million tokens, but the remaining tokens are not yet in circulation.

Price fluctuation

The price of CTXC has fluctuated significantly since its launch in July 2018. It reached an all-time high of $428.38 on September 11, 2021, but has since fallen to its current price of $0.119186 as of September 19, 2023.

There are a number of factors that can contribute to the price fluctuation of CTXC, including:

  • Supply and demand: The price of CTXC is determined by the supply of tokens available and the demand for those tokens. If there is more demand for CTXC than there is supply, the price will go up. Conversely, if there is more supply of CTXC than there is demand, the price will go down.

  • News and market sentiment: Positive news and developments surrounding CTXC can boost demand for the token and drive up the price. Conversely, negative news and developments can dampen demand and drive down the price.

  • Overall market conditions: The cryptocurrency market as a whole is volatile and can experience significant price fluctuations. CTXC is not immune to these fluctuations and its price can be affected by broader market conditions.

Additional notes

Cortex is an open-source, peer-to-peer, decentralized platform based on Ethereum that enables artificial intelligence (AI) models to be executed and uploaded over a distributed network. CTXC tokens are used to pay for transaction fees on the Cortex network and to participate in governance.

The Cortex team is working on a number of initiatives, including launching new features and expanding the Cortex ecosystem. If the team is successful in executing on its plans, this could boost adoption and demand for CTXC.

Overall, Cortex is a promising project with a number of potential benefits. However, it is important to be aware of the risks associated with investing in a cryptocurrency, including the risk of price volatility.

Investors should carefully consider their own risk tolerance and investment goals before investing in CTXC.

How Does CTXC Work?

The working mode and principle of Cortex (CTXC) integrate aspects of artificial intelligence (AI) and blockchain technology. Specifically, it provides a decentralized AI autonomous system. This is achieved with the help of the native CTXC tokens and the Cortex Inference Consensus Criteria (CICC).

At its core, Cortex allows for the execution of smart contracts on its platform. However, the distinguishing factor is that these smart contracts can carry out complex inference instructions thanks to the integration of machine-learning models.

This unique feature is possible due to a specially designed virtual machine, the Cortex Virtual Machine (CVM), that can read and execute machine-learning models. This means that developers can write smart contracts incorporated with AI or machine learning, which can perform complex tasks, all within the blockchain.

As for transactions, just like in other cryptocurrencies, they are validated and added to the blockchain via the process of mining. However, in Cortex's consensus mechanism (a variant of Proof of Work), not only do miners compute hashes like in Bitcoin, but they also have to run machine learning computations–adding another layer of complexity to the task.

Moreover, the data for these AI models are stored in a Model Storage Area on the blockchain, which ensures security and transparency of the data. The CTXC tokens are used to motivate miners, pay for the computation of models, and provide rewards for developers who put AI models on the platform.

Though innovative, it's worth noting that the complexity of these systems may be a barrier for some users or possible adopters of the technology.

Exchanges to Buy CTXC

CTXC is supported for trading on several established exchanges. Here are some of them:

1. Binance: This is one of the most popular exchanges worldwide and it supports CTXC trading. It offers CTXC trading pairs with BTC (Bitcoin) and USDT (Tether).

2. Huobi: Huobi is another global exchange that supports CTXC. It allows CTXC trading pairs with BTC, ETH (Ethereum), and USDT.

3. OKEx: This renowned exchange also offers the provision to trade CTXC. It supports CTXC currency pairs with BTC, USDT, and ETH.

4. CoinTiger: This platform offers the CTXC/USDT trading pair for users looking to buy or sell CTXC.

5. Upbit: Based in South Korea, Upbit supports trading CTXC with BTC.

6. HitBTC: An exchange that offers the trading option of CTXC with pairs like BTC, USDT, and ETH.

7. CoinBene: CoinBene provides the option to trade CTXC with USDT.

8. BitForex: BitForex supports CTXC trading with USDT.

9. KuCoin: CTXC can be traded on KuCoin. The platform supports CTXC trading pairs with BTC and USDT.

10. Gate.io: An exchange that supports CTXC/USDT as a trading pair.

Please note, the availability of trade pairs can vary and new ones may be added, it is always best to check the individual exchange for the most current information. Currency pair availability also may depend on the geographical location and other factors.

EXCHANGES

How to Store CTXC?

Storing CTXC requires a wallet that supports ERC-20 tokens as Cortex (CTXC) is based on the Ethereum blockchain. There are various types of wallets you can use to store CTXC:

1. Online Wallets: These are web-based wallets that are often platform-specific, and they can be accessed through a web browser. An example of this kind of wallet is MyEtherWallet.

2. Mobile Wallets: Mobile wallets are applications downloaded and installed on your smartphone. They are convenient for everyday use and quick transactions. Wallets like Trust Wallet or Enjin Wallet fall under this category.

3. Desktop Wallets: These are software programs that you can download and install on your PC or laptop. They offer a good mix of security and convenience. Exodus and Atomic Wallet are examples of desktop wallets.

4. Hardware Wallets: These are physical devices designed to securely store cryptocurrency offline (also known as cold storage). They are immune to online threats and are suitable for storing large amounts of crypto for a long time. Ledger Nano S, Ledger Nano X, and Trezor are well-known brands in this category.

5. Paper Wallets: A paper wallet is a physical copy or printout of your public and private keys. It is considered a form of cold storage as the printout is offline and eliminates the risks of any online threats.

6. Browser Extension Wallets: These are lightweight wallets that can be added to your web browser. For example, MetaMask is a browser extension wallet that supports CTXC.

Remember, regardless of the type of wallet you choose, the safety of your tokens relies on the security measures you put in place, including protecting your private keys and setting strong passwords. Also, always verify any application or service before transferring your CTXC tokens to it.

wallet

Should You Buy CTXC?

Purchasing CTXC may be suitable for those who are interested in the crossover between blockchain technology and machine learning, as Cortex aims to create a decentralized AI autonomous system. It is an option for individuals who believe in the long-term benefits of AI integration with blockchain and are willing to bet on their increased adoption in the future. However, like all crypto investments, one should not invest what they cannot afford to lose due to potential volatility.

Here is few professional advice for those planning to buy CTXC:

1. Understand the Technology: Since CTXC incorporates advanced features like AI and machine learning models on the blockchain, it is crucial to have a clear understanding of their technology and the value proposition. If you don't understand the basics of AI or blockchain, or the concept upon which Cortex is built, you may want to reconsider or start by expanding your knowledge in these areas.

2. Research: Always keep yourself informed about the project's roadmap, team, partnerships, and market sentiments. Search for things like CTXC's use cases, partners, and the services they're planning to launch or improve.

3. Keep Track of Market Trends: Spotlight on the cryptocurrency market as a whole and note how CTXC tends to perform in different market scenarios.

4. Manage Risks: Just like any other investment, investing in cryptocurrencies such as CTXC should be done with caution and risk mitigation strategies should be in place. Diversifying your investment portfolio to include a variety of investments can help spread risk.

5. Stay Security Conscious: Remember to keep your CTXC tokens in trusted wallets, use robust security protocols, and back up your wallet keys.

6. Consult Professionals: If possible, one should seek the advice of a financial advisor who understands cryptocurrencies and blockchain technology.

Remember, all investments come with risk, and past performance is not indicative of future results. Always conduct thorough research before making any investment decisions.

Conclusion

Cortex (CTXC) is a unique proposition within the landscape of cryptocurrencies due to its integration of machine learning models onto the blockchain. It allows these models to get incorporated within smart contracts, distinguishing it from other cryptocurrencies by broadening its use-cases beyond traditional transactions.

The creators of the CTXC have developed it for a very specialized niche, blending artificial intelligence, and blockchain technology for users to utilize. Years since their launch, the team has demonstrated continuous development efforts, as evidenced by their detailed roadmap.

However, whether CTXC can make money or appreciate in value heavily relies on multiple factors. This includes the general trend of the cryptocurrency market, market acceptance of its AI capabilities, the platform's effective delivery of proposed features, as well as broader macroeconomic conditions.

Like all investments, CTXC carries potential financial risk, and potential investors should conduct extensive research and possibly seek advice from financial advisors before buying in. As its adoption and usage expand, it can possibly witness appreciation in value, given its innovative technology and unique offerings within the cryptocurrency market.

Despite its promises and capabilities, the future of CTXC, like many cryptocurrencies, remains uncertain and is subject to various risk factors and market volatility.

FAQs

Q: Can you describe the unique attributes of CTXC?

A: CTXC is primarily recognized for its integration of machine learning models into blockchain, enabling AI-related operations with smart contracts on its platform.

Q: Which type of wallet should I use to store my CTXC tokens?

A: You can store CTXC tokens in any wallet that provides support for ERC-20 tokens, such as MyEtherWallet, Trust Wallet, Ledger, and MetaMask.

Q: In which cryptocurrency exchanges can I trade CTXC?

A: CTXC can be traded on multiple exchanges including Binance, OKEx, Huobi, CoinTiger, and Upbit among others.

Q: How is Cortex (CTXC) different from other cryptocurrencies?

A: CTXC differentiates itself from other cryptocurrencies through its unique feature of incorporating machine learning models onto its blockchain enabling complex inferences within its smart contracts.

Q: What is the principle on which the operation of CTXC is based?

A: Cortex operates on a decentralized AI autonomous system using the native CTXC tokens and the Cortex Inference Consensus Criteria (CICC).

Q: Do I need any specific knowledge to invest in CTXC?

A: Before investing in CTXC, it can be beneficial to understand its underlying technologies, artificial intelligence and blockchain, along with an understanding of the general workings of the cryptocurrency market.

Q: Can you give a one-liner conclusion about CTXC?

A: CTXC is a unique cryptocurrency that integrates AI and blockchain, allowing complex operations within smart contracts, with its value largely depending upon market adoption, acceptance of its AI features, and overall market trends.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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FX1146376721
The price volatility of CTXC is quite high, which may be a good thing for adventurous traders, but not ideal for investors seeking stability. On the other hand, CTXC has good liquidity and relatively low transaction costs. This cryptocurrency is technologically innovative, with a user-friendly interface, active community, and support from multiple exchanges. However, its utility and practicality still need improvement. Although CTXC has great future potential, the security of its wallet method needs to be improved. Overall, CTXC is a cryptocurrency worth paying attention to, but cautious investment is also necessary.
2024-05-26 08:38
10