Cortex
CTXC
$0.63

Sector

Layer 1

Exchange Debut

2018-04-30

Market Cap

138,268,154

Maxim Supply

299,792,458

Circulating Supply

219,045,546

Circ. Supply(%)

73.07%
Cortex logo

Cortex

CTXC

Price

$0.63

Market Cap

Sector

Exchange Debut

138,268,154
2018-04-30

Volume 24h

High 24h

Low 24h

8553427
0.664753833012
0.606393279066

Change 24h

Change 7d

Change 30d

-0.215
5.9275
17.3489

Maxim supply

Circulating supply

Circulating supply(%)

299,792,458
219,045,546
73.07%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Cortex cryptocurrency:

In the fundamental analysis of the Cortex cryptocurrency, we delve into an open-source, decentralized cryptographic venture that embraces Artificial Intelligence (AI) models on a distributed network. The Cortex initiative, designed with a core objective to democratize AI access, presents an open-source AI platform. It’s this platform that allows for seamless integration of AI models into smart contracts, thereby fostering the creation of AI-boosted decentralized applications (DApps).

An essential part of our fundamental analysis of the Cortex cryptocurrency is the assessment of its team and overall evaluation. Despite boasting a robust team that scores an impressive 9.2 out of 10, and a decent overall evaluation score of 6.69 out of 10, Cortex could benefit from improvements in areas like „Social and Media,” „Audit and Security,” and „Ecosystem Development.”

Social and Media

Taking a deeper look into the „Social and Media” facet of Cortex in our fundamental analysis of the Cortex cryptocurrency, it’s apparent that it lags with a score of 4.2 out of 10. The project struggles to captivate a large audience on social media platforms, scoring a low 2 out of 10. The activity of the social media administrators and media presence are underwhelming as well, scoring 3 and 4 out of 10 respectively. However, it’s worth noting that CORTEX maintains a substantial community on chat groups, scoring an encouraging 8 out of 10.

In the „Audit and Security” segment, Cortex scores a mediocre 4.5 out of 10, with audit results being a significant cause for concern, scoring a disappointing 3 out of 10. On the brighter side, Cortex ‘s transparency scores a decent 7 out of 10, and it enjoys considerable liquidity on cryptocurrency exchanges, scoring a high 9 out of 10.

In the „Ecosystem Development” section, Cortex fares reasonably well with a score of 7.6 out of 10. It has successfully met its objectives, scoring a 7 out of 10. However, the project’s future development plans only earn an average rating, scoring a 7 out of 10.

Fundamental analysis of CORTEX cryptocurrency – The final conclusion

In the final part of our fundamental analysis of the Cortex cryptocurrency, we conclude that while Cortex holds potential investment opportunities, it’s not without associated risks. For a prospective investor, it’s crucial to weigh individual criteria alongside a comprehensive analysis of the project before making an investment decision. 

The current challenge to execute machine learning programs on the conventional blockchain is that the virtual machine is extremely inefficient when running any nontrivial machine learning models. Therefore, most people think it is impossible to run AI on the blockchain.

Cortex is an open-source, peer-to-peer, decentralized blockchain that supports Artificial Intelligence (AI) models to be uploaded and executed on a distributed network. Cortex  achieves AI democratization by providing an open-source AI platform where AI models can be easily integrated into smart contracts to create AI-enhanced decentralized applications (DApps).

In addition to the traditional ecosystem of dApp developers, users, and miners, Cortex brings a new player into the ecosystem: AI developers.

Ecosistem

Cortex  has put forth a mechanism that incentivizes AI developers to store models on the blockchain. This creates an ecosystem for individual AI developers to monetize their AI models on the blockchain where dApp developers have access to the best AI models in the world and have the freedom to choose from. The competition within the ecosystem between AI model providers will naturally lead to the evolution of better and better AI models.

Cortex Virtual Machine: The CVM is EVM-compatible with added support for on-chain AI inference, which utilizes the GPU instead of the CPU to execute nontrivial AI models on the CORTEX chain.

AI Inference Engine – Synapse : A deterministic inference engine that guarantees exactly the same AI inference result across heterogenetic computing environments, allowing for deterministic on-chain AI inference without resorting to off-chain solutions.

AI Smart Contract and AI DApp: Cortex   adds machine learning support to smart contracts and DApps to adapt to real-world use cases. Developers can use the popular language Solidity and off-the-shelf AI models on the Cortex storage layer to create AI-enhanced DApps and smart contracts.

Decentralizing AI Research: Cortex  seeks to foster an open-source ecosystem where AI researchers and developers are incentivized more than ever to share their models with the world.

Fundamental analysis of the CORTEX cryptocurrency

Cortex - CTXC performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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