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What Is Cortex Labs and How to Buy CTXC Tokens?

2023-09-25 06:10:10
Cortex Labs (CTXC)

Cortex Labs is one of the few public blockchains with AI integration. Cortex’s open-source, peer-to-peer blockchain platform offers robust support for various Artificial Intelligence modes.

In this article, we have dived deep into what Cortex Labs does, its features, and how you can buy CTXC tokens.

What Is Cortex Labs?

Cortex Labs is an open blockchain network that enables artificial intelligence. Developers may also construct smart contracts to create real-world applications through the Cortex platform's decentralized applications (dApps).

Before establishing and building its blockchain, the CTXC token used on the Cortex Blockchain network operated as a regular ERC-20 token on the Ethereum network. Cortex Blockchain is a network that uses CTXC as its native currency.

Artificial intelligence is a technology that can learn and understand by itself. This enables software to have its thoughts and solve problems through the analysis of data that has been gathered.

What Is a CTXC Token?

CTXC is designed to be 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.

As of the time of writing, the current statistics:

Price: $0.121763

Market Cap: 26.16 million

Total supply: 299.79 million CTXC

How Does Cortex Work?

The platform makes it feasible for any developer to use Cortex to integrate artificial intelligence into smart contracts by incorporating AI smart contracts within the Cortex blockchain. The ability to apply AI will make it possible for smart contracts to respond automatically to external signals, including those that programmers cannot anticipate. This will allow smart contracts to become more valuable.

In addition, there is a system for providing incentives to stimulate collaborative work within Cortex. Anyone can submit models to be optimized in Cortex and anyone can optimize already submitted models. Those who contribute to models are also eligible for prizes, which helps to create an atmosphere in which participation from everyone is encouraged to come up with the most effective solutions.

Features of Cortex

Smart AI Contract

Cortex enables users to build AI-related programs on the blockchain and then send the program to other smart contracts once approved. This type of contract is known as a smart AI contract.

Framework Submission Model

Cortex also provides a submission interface to become acquainted with the off-chain solution. This includes submitting instructions for models to virtual machines. This builds a bridge between computing and algorithmic vendors, making it possible for participants in the Cortex ecosystem to engage in transactions and collaborate.

Cortex Intelligence Inference Framework

Researchers working in machine learning from all over the world can upload well-trained corresponding data models to the storage layer of the Cortex Intelligence Inference Framework. Users who require these AI models can then make deductions using the models and pay the vendors.

Cortex Virtual Machine

The Cortex Virtual Machine (CVM) is a EVM-compatible framework that allows on-chain machine learning efficiently where integration of machine learning models into smart contracts and dApps is possible

Cortex Inference Consensus 

When a user starts a transaction with a smart contract, all nodes in the platform are required to carry out the code for the smart contract. The "smart contracts" used by Cortex are unique from those used by other companies. The reason is because they can be programmed with the information necessary to infer a particular result. 

The conclusion that can be drawn from this inference needs to be accepted by every node. This leads to the formation of a consensus.

How to Buy CTXC Tokens?

CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. With its 700+ tokens supported, including CTXC, users can now trade quickly and seamlessly. To purchase CTXC tokens on CoinEx, follow the steps below.

  1. Create an Account: Start by signing up for a CoinEx account.
  2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
  3. Navigate to CTXC Trading Page: Once your account is funded, go to the dedicated CTXC trading page on CoinEx. Here, you can find various trading pairs involving CTXC tokens.
  4. Choose a Trading Pair: Select the desired trading pair that matches CTXC with another cryptocurrency. For instance, you may choose CTXC/USDT if you wish to trade CTXC against USDT (Tether).
  5. Specify the Purchase Amount: Determine the quantity of CTXC tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
  6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade CTXC on CoinEx, taking advantage of the available trading pairs.

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