CORES is power Innercore platform's financial ecosystem. They store value and seamlessly transfer that value between platform participants. After the token sale, the value of CORES will fluctuate based on the demand for CORES, the price of ETH, and other factors.
The Smart Exchange Enables Instant Programmatic Buying and Selling of CORES. After the Token Sale concludes, Innercore will launch an internal exchange called the Smart Exchange. This allows tokens to be traded instantly via a smart contract on Ethereum. External exchange integrations will begin shortly thereafter. The value of CORES within the Smart Exchange is determined via the Bancor formula, which is a self adjusting algorithm designed to establish a true market price in a programmatic manner, based on demand for the token.
Token Sale vs the Traditional ICO
The people behind Innercore have bootstrapped companies to profitability and have also raised funding through multiple rounds of venture capital. While money can be a blessing, it can also be a curse. We believe the best strategy for Innercore is to raise the minimum amount required to give the platform a chance to become naturally profitable. If we can achieve this milestone, we'll be in the most fiscally sound position possible and we will never be forced to raise more capital, nor will we have the need to waste excess capital on initiatives that are not core to the company's mission.
Token Sale Innercore has been opened starting on 15 August and will end on 15 September.
The price during the Token Sale period is $ 0.00325.
Token sale smart contract address
0x25DF2EdC10A16f05E579d127A902Cac6FdFf940E
10% bonus before August 20th.
The token operates under the following principles :
Utility First. The primary purposes of CORES is to drive transactions between developers and resource providers.
Value Derived from Platform Activity. In large part, the value of CORES is derived from the amount of activity within the platform. The more activity, the higher the potential need for CORES.
Backed by the ETH "Gold" Standard. Whenever CORES are purchased through the Smart Exchange, the incoming ETH is held by the Smart Exchange and effectively backs the token. When CORES are sold through the Smart Exchange, ETH is then transferred back to sellers.
Rising Tides Raise All Boats
Due to the manner in which exchange rates function within the Smart Exchange, when the fiat price of ETH increases, the fiat price of CORES within the Smart Exchange increases proportionately.
Mathematically Constrained Supply. After the token sale, token supply is constrained mathematically through the programmatic algorithms used to determine price.
Core Burning. When CORES are sold through the Smart Exchange, they are immediately burned, reducing token supply.
If you'd like to contribute to the token sale, space is limited and positions may fill up quickly, please join :
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