Cortex AMA Recap

PolygonDaily hosts Cortex: #Cortex #CortexApp #PolygonDaily #Polygon


Polygon_Daily Admin: Hello and welcome, how are you today?

Leo CRTX: Great thanks – good to be here with you all.

Polygon_Daily Admin: Happy to hear! Ready to start our AMA?

Leo CRTX: Yes, all ready!


Q1: Now to start the AMA, please have a quick introduction to the community.  

Leo CRTX: Hi my name is Leo Kish and I’m a co-founder of the Cortex App project and the parent company, YouBase. Cortex is an app that allows you to have a complete web3 presence where everything is decentralized, data, relationships, and coins. And creates new ways of combining them.

Q2: Please share with us the background of the team behind this project. What are your past experiences?

Leo CRTX: I’ve always been interested in how systems learn, what learning is from a system’s perspective.

That led me into neuroscience and then software design and digital health.

From a network, from a learning perspective in digital health it was always clear that digital health will only work when users have all their health data is a kind of personal cloud of data owned by them.

And that’s essentially what Cortex has become, a personal cloud where you own the address (through an NFT-based domain system), the data on the backed through a crypto wallet connected with a data store, and then how you connect with others.

When crypto started becoming better known, our co-founder @hexorx was also working in digital health, but already deep into cryptography and bitcoin, he had a similar idea and started building a system for “an individual-centric, cryptographic data store.” We met at a bitcoin meetup and started building out a system to do that.

We discovered that the need for data controlled by individuals was much bigger than healthcare and so we built a more general-purpose front-end to help people build a decentralized web, all controlled by them, not a third party like Google or Facebook. That is Cortex.

Q3: Could you please briefly explain Why did you decide to build Cortex App on Polygon & what makes Cortex App different from other competitors?

Leo CRTX: We really want to get to a world where just about anything can be tokenized. All the things that we currently do in Web2, we want people to be able to create tokens for.

Imagine having personal emoji tokens, a personal like token that everyone knows is from you. We are starting to see that with NFTs at events, people have badges, NFTs that they were at an event at that time.

We think that the direction will be toward tokenizing much, much more. But in order to get there, tokens can’t be $80US to mint. They need to be almost free.

So a big part of working with Polygon is low costs and low transaction fees to enable many more use cases. We have lots of things we’re working on that we’ll be announcing along those lines as well. Of course, Polygon also enables easy bridging, Ethereum compatibility and is very developer-friendly as well.

I think we’re seeing a lot of pretty cool development happening on Polygon now, even as it doesn’t get the most attention. The builders are there.

Ah, as far as Cortex being different from competitors…The thing that really sets us apart is how we bring everything together, decentralized domains, decentralized data, and a wallet address that is also a URL. So you can hold tokens the same place you hold data.

So you could have an NFT at .crtx/NFTs/punks/punk4578 and that is the address where it lives both on-chain and on the web. So we’re bringing web2 and web3 together is some pretty exciting ways.

Q4: Let’s dive into your token $CRTX. Can you share with us your tokenomics? What are the use cases? Does it get audited?

Leo CRTX: The tokenomics are in our white paper. You can download at http://crtx.app

But let me grab the basics

In our toke sale:

Seed: $640k total raise @ $0.16 | 20% TGE, 6mo vesting

Private: $1.05M total raise @ $0.21 | 20% TGE, 4mo vesting

Final: $145k total raise @ $0.29* | Unlocked | *Considering batch sale

Total Supply: 100M

We have very long vesting periods for the team and the company. We’ve really constructed the tokenomics for the long run. The tokens will be used to acquire domains, initially, and will be burnt when you claim your .crtx domain.

Under the domain, you’ll have unlimited URLs and subdomains where you can publish and use as a wallet. So that you can publish publicly or even message privately, and create both public and private collaboration spaces.

Keep in mind, the domains you claim are NFTs and can be resold. The tokens will also be used to claim premium features, for storage and for claiming limited edition NFTs to go with your domains. They’ll be used to mint tokens as well.

Q5: How is open source development going with the underlying technology in the Cortex application?

Leo CRTX: Very well. We’ll be publishing the code shortly after launch. We want the basic infrastructure to be used as widely as possible. As it will be useful in many ways for organizing digital assets.

The system is pretty well built out and ready. We’re linking a few things together, polishing and building out some of the collaboration features right now. We are going to start private beta testing shortly.

With some amazing crypto teams that are interested in using it internally for things like project management. Decentralized project management.

Q6: Kindly share with us about partnerships & influencers that you are collaborating with.

Leo CRTX: Crypto Rain and Wolf of Markets are some of the influencers that are early big believers in us, as well as Altcoin Buzz and the Mission: Defi Podcast. You can find content of ours on all those channels. We’ll likely do something with Altcoin Buzz a bit closer to launch.

We are tightly aligned with Butterfly Protocol and are a member and part of the Bproto Innovation Fund that provided us with our decentralized, NFT-based domains.

We are also launching on Polygon as mentioned. Butterfly Protocol will then be on Ethereum, Polygon, Cardano and a few other chains as well, which will start to open up some very nice cross-chain features.

for domains. We are also working with a group called Earth64 that creates some novel NFT technology that will really reduce the cost and improve cross-chain features of digital assets. There will be much more about that one in the spring of ’22.

You can find a whole list of Partners and our Investors on our web page. http://crtx.app

Q7: Can you share your Roadmap in the next 6 months?

Leo CRTX:  We’ll be launching the CRTX token in about a month. We’ve just closed our Seed round. The domain sale will happen at about the same time.

As the product is ready to launch, we expect to go live with v1 around the beginning of ’22. The first product will allow you to build your digital kingdom under your domain. Publish pages. Share privately and work with digital assets at those domains. Also some team features and versioning on the backend.

After that, we’ll be launching the Cortex Cloud. You can think of that as kind of like a GitHub for anything. So that will open up new ways to collaborate and build in more of a community setting.

Q8: Where can we find out more about Cortex App on social media?

Leo CRTX: You can read up on a lot of the Cortex background and what’s coming at

https://crtx.medium.com

I should mention we are running a meme contest over the next several days!

So follow us on Twitter and retweet and keep up to date there!

https://t.me/cortex_app

Be sure to join there as well, we’re starting to grow pretty quickly now. We’ve been under the radar for a while and are just starting to tell more of our story.

As we get closer to launch.


Polygon_Daily Admin: With this, we are now at the end of our AMA session with Cortex.

Time for wrapping up, any last words you would like to say to our community?

Leo CRTX: Thanks for having me! Looking forward to making it easy to move to web3!

Polygon_Daily Admin: Thank you so much for spending time with our community & all the very best for Cortex.

Source : cryptodaily.io

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