Cortex (CTXC) ICO Review
Cortex is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
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In Cortex, due to the nature of open source and competitive mechanisms, the best model as an intelligent agent will survive to enhance the intelligence level of the Blockchain network. Cortex’s main mission is to provide the state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex blockchain. One of Cortex’s goals also includes implementing a machine-learning platform that allows users to post tasks on the platform, submit AI DApps (Artificial Intelligence Decentralized Applications).
Cortex is a decentralized AI autonomous system. The blockchain wants to make AI consensus available for contracts. Traditional EVM is not able to run a smart contract on full node with complex inference computation, since the computational load is too heavy on CPU for a full node. The Cortex VM enables those inference instructions running on GPU / FPGA. The model conversion between different framework, like TensorFlow or MXNet, would be done by the team. The fee for a contract using those inference instruction set is going to be designed for GPU / FPGA. The team will also provide a basic model zoo with world class quality.
The project is founded by a group of hardcore veteran in blockchain field. The technical stack and knowledge reside in blockchain and machine learning, both the team members and advisor groups are top tier in the industry. They rethink and redefine the question that what would be a strong endorsement for a currency, meanwhile, the real “intelligent” smart contracts will be implemented.
IMPORTANT NOTICEThis Whitepaper in current form is being circulated for general information and to invite investorfeedback only on the Cortex platform as presently conceived, and is subject to review and revisionby the directors of the Token Issuer and/or the Project Company, the advisers, and/or legal advisersof the Token Issuer and/or the Project Company. Please do not replicate or distribute any part ofthis Whitepaper without this note in accompaniment. No part of this Whitepaper is intended tocreate legal relations between a recipient of this Whitepaper or to be legally binding or enforceableby such recipient against the Token Issuer and/or the Project Company. An updated version of thisWhitepaper may be published on a date to be determined and announced by the Token Issuer and/orthe Project Company in due course.PLEASE READ THIS SECTION AND THE FOLLOWING SECTIONS ENTITLED DIS-CLAIMER OF LIABILITY, NO REPRESENTATIONS AND WARRANTIES, REPRE-SENTATIONS AND WARRANTIES BY YOU, CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS, THIRD PARTY INFORMATION AND NO CONSENT OFOTHER PERSONS, TERMS USED, NO ADVICE, NO FURTHER INFORMATION OR UP-DATE, RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION, NO OFFER OF IN-VESTMENT OR REGISTRATION AND RISKS AND UNCERTAINTIES CAREFULLY.IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOUSHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL AD-VISOR(S).The Cortex Coins are not intended to constitute securities of any form, units in a business trust, unitsin a collective investment scheme or any other form of investment in any jurisdiction. This Whitepa-per does not constitute a prospectus or offer document of any sort and is not intended to constitutean offer of securities of any form, units in a business trust, units in a collective investment schemeor any other form of investment, or a solicitation for any form of investment in any jurisdiction.This Whitepaper does not constitute or form part of any opinion or any advice to acquire, sell, or anysolicitation of any offer by the Project Company or the Token Issuer to acquire any Cortex Coinsnor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon inconnection with, any contract or investment decision.The proceeds from the sale of the Cortex Coins will be deployed to support ongoing developmentand growth of the Cortex platform, business development, partnerships and community supportactivities.No person is bound to enter into any contract or binding legal commitment in relation to the acquisi-tion of Cortex Coins and no cryptocurrency or other form of payment is to be accepted on the basisof this Whitepaper.Any agreement as between the Token Issuer and you as a participant in the Token Sale, and inrelation to any purchase of Cortex Coins, is to be governed by only a separate document settingout the terms and conditions (the “Token Sale Terms”) of such agreement. In the event of anyinconsistencies between the Token Sale Terms and this Whitepaper, the former shall prevail.PLEASE NOTE THAT THE TOKEN ISSUER WILL NOT OFFER OR SELL TO YOU, ANDYOU ARE NOT ELIGIBLE TO PURCHASE ANY CORTEX COINS IN THE TOKEN SALEIF: (A) YOU ARE LOCATED IN THE PEOPLE’S REPUBLIC OF CHINA OR IF YOU AREA CITIZEN OR RESIDENT (TAX OR OTHERWISE) OF, OR DOMICILED IN, THE PEO-PLE’S REPUBLIC OF CHINA; (B) YOU ARE LOCATED IN THE UNITED STATES OFAMERICA OR IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREENCARD HOLDER OF, OR DOMICILED IN, THE UNITED STATES OF AMERICA, UN-LESS YOU ARE A U.S. QUALIFIED PERSON; OR (C) SUCH TOKEN SALE IS PROHIB-ITED, RESTRICTED OR UNAUTHORIZED IN ANY FORM OR MANNER WHETHER INFULL OR IN PART UNDER THE LAWS, REGULATORY REQUIREMENTS OR RULESIN THE JURISDICTION IN WHICH YOU ARE LOCATED, AT THE TIME OF YOUR IN-TENDED PURCHASE OR PURCHASE OF THE CORTEX COINS IN THE TOKEN SALE.
Cortex- AI on Blockchainversion 1.9jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply thatthe applicable laws, regulatory requirements or rules have been complied with.There are risks and uncertainties associated with the Project Company and the Token Issuer and theirbusiness and operations, the Cortex Coins, the Token Sale, and the Cortex platform. Please refer tothe section entitled Risks and Disclosures set out at the end of this Whitepaper.This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to anycountry where distribution or dissemination of this Whitepaper is prohibited or restricted.No part of this Whitepaper is to be reproduced, distributed or disseminated without including thissection and the following sections entitled “Disclaimer of Liability”, “No Representations and War-ranties”, “Representations and Warranties By You”, “Cautionary Note On Forward-Looking State-ments”, “Third Party Information and No Consent of Other Persons”, “Terms Used”, “No Advice”,“No Further Information or Update”, “Restrictions On Distribution and Dissemination”, “No Offerof Investment Or Registration” and “Risks and Uncertainties”.
DISCLAIMER OF LIABILITY
To the maximum extent permitted by the applicable laws, regulations and rules, the Project Companyand/or the Token Issuer shall not be liable for any indirect, special, incidental, consequential or otherlosses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, incomeor profits, and loss of use or data), arising out of or in connection with any acceptance of or relianceon this Whitepaper or any part thereof by you.
NO REPRESENTATIONS AND WARRANTIES
The Project Company and the Token Issuer do not make or purport to make, and hereby disclaim, anyrepresentation, warranty or undertaking in any form whatsoever to any entity or person, includingany representation, warranty or undertaking in relation to the truth, accuracy and completeness ofany of the information set out in this Whitepaper.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS
All statements contained in this Whitepaper, statements made in press releases or in any place ac-cessible by the public and oral statements that may be made by the Project Company or its directors,executive officers or employees acting on behalf of the Project Company and/or the Token Issuer (asthe case may be), that are not statements of historical fact, constitute “forward-looking statements”.Some of these statements can be identified by forward-looking terms such as ”aim”, “target”, “an-ticipate”, “believe”, “could”, “estimate”, “expect”, “if”, “intend”, “may”, “plan”, “possible”, “prob-able”, “project”, “should”, “would”, “will” or other similar terms. However, these terms are notthe exclusive means of identifying forward-looking statements. All statements regarding the ProjectCompany and/or the Token Issuer’s business strategies, plans and prospects and the future prospectsof the industry which the Project Company and/or the Token Issuer is in are forward-looking state-ments. These forward-looking statements, including but not limited to statements as to the ProjectCompany and/or the Token Issuer’s prospects, future plans, other expected industry trends and othermatters discussed in this Whitepaper regarding the Project Company and/or the Token Issuer arematters that are not historic facts, but only predictions.These forward-looking statements involve known and unknown risks, uncertainties and other factorsthat may cause the actual future results, performance or achievements of the Project Company and/orthe Token Issuer to be materially different from any future results, performance or achievementsexpected, expressed or implied by such forward-looking statements. These factors include, amongstothers:
(a)changes in political, social, economic and stock or cryptocurrency market conditions, and theregulatory environment in the countries in which the Project Company and/or the Token Issuerconduct their business and operations;
(b)the risk that the Project Company may be unable to execute or implement its business strategiesand future plans;
(c)changes in interest rates and exchange rates of fiat currencies and cryptocurrencies;(d)changes in the anticipated growth strategies and expected internal growth of the Project Com-pany and the Cortex platform;
(e)changes in the availability and fees payable to the Project Company in connection with its busi-nesses and operations or in the Cortex platform;
(f)changes in the availability and salaries of employees who are required by the Project Companyand/or the Token Issuer to operate their business and operations;
(g)changes in preferences of users of the Cortex platform;
(h)changes in competitive conditions under which the Project Company operates, and the ability ofthe Project Company to compete under such conditions;
(i)changes in the future capital needs of the Project Company and the availability of financing andcapital to fund such needs;
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Cortex (CTXC) ICO Scam or Not?
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