Tokenomics
Cortensor is excited to introduce the $COR token, a vital component of our decentralized AI ecosystem. The $COR token serves both utility and governance purposes, rewarding node operators and users, establishing node reputation, and enabling governance decisions within the Cortensor network. This token supports network operations, encourages active participation, and fosters community growth.
Purpose of the $COR Token
Utility: $COR tokens are used to pay for AI inference services, stake for higher-value tasks, and reward participants for their contributions to the network.
Governance: Token holders can participate in governance decisions, voting on key proposals and changes to the network.
Token Distribution
The $COR token supply is carefully allocated to support network development, incentivize participation, and ensure liquidity. Below is the distribution breakdown:
Total Supply: 1 billion tokens
Contract Address: 0x8e0EeF788350f40255D86DFE8D91ec0AD3a4547F
| Allocation | Description | Percentage |
|---|---|---|
Community Distribution (Initial Liquidity) | Tokens available for purchase through decentralized exchanges (DEX) to facilitate broad distribution and active community participation. | 40.00% |
Tokens allocated for mining rewards, user rewards, staking, ecosystem incentives, and grants to drive participation and growth. This comprehensive incentive structure is designed to encourage active involvement in the network and foster long-term ecosystem development. | 35.00% | |
Liquidity Reserve (CEXs, DEXs, MM) | Tokens are reserved for current and future market-making to ensure liquidity across decentralized and centralized exchanges. This includes the initial distribution on Ethereum, bridge liquidity for cross-chain operations, and liquidity provision on other supported networks, including Layer 2 solutions like Base, Arbitrum, and other blockchains with large TVL or user bases where Cortensor’s SDK will be integrated. Some of these tokens may be reallocated to network incentives based on network conditions and strategic considerations. | 15.00% |
Strategic Reserve | Tokens reserved and allocated for future strategic investments, partnerships and key advisors to ensure the project's long-term success and growth. These tokens will be locked and subject to a vesting schedule aligned with long-term project milestones, demonstrating a commitment to the project's sustained development and future success. NOTE: If unused or deemed unnecessary, these tokens will be returned to either Community Distribution, Network Incentives or Liquidity. | 5.00% |
Team | Tokens allocated to attract, retain, and incentivize top talent for delivering and operating the project. These allocations will be initially locked for 3 months and then scheduled for vesting over a long period to ensure the project's continued success and align long-term interests. | 5.00% |
Utility and Governance
Rewards and Staking: $COR tokens are awarded to node operators for performing AI inference tasks and validating results. Node operators can also stake $COR tokens to participate in higher-value tasks, ensuring they have a vested interest in maintaining network quality.
Voting and Governance: Token holders can vote on Cortensor governance proposals, influencing the future direction of the network. Voting power is proportional to the number of tokens held, encouraging active participation from the community.
Dynamic Pricing and Rewards
To maintain the attractiveness of the $COR token:
Dynamic Token Pricing: The value of $COR tokens adjusts based on network demand and supply, ensuring stability and appeal for participants.
Performance-Based Rewards: Additional tokens are rewarded based on node performance in the gamified evaluation process and successful completion of tasks.
Future Developments
Cortensor is committed to continuous improvement and expansion of the $COR token utility. Future updates will include:
Enhanced Staking Mechanisms: Introducing more sophisticated staking options to further incentivize quality contributions.
Broader Integration: Expanding the use of $COR tokens within the ecosystem for various services and applications.
Warning and Disclaimer: The tokenomics presented here are subject to change. Cortensor reserves the right to adjust token allocations and distributions as needed to ensure the long-term success of the project. Strategic adjustments may be made in response to market conditions, regulatory requirements, or to better align with the project's evolving goals. Participants should be aware that these allocations are not final and may be modified to support the project's sustainable growth and development.
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