Core Token (CTN) – Your gateway to the Core Decentralized Ecosystem and DeFi World

Switzerland, 20th Aug 2024 – Core Token (CTN): Core Token is a versatile digital asset central to the Core ecosystem, acting as both a key player in DeFi and a decentralized enabler. Built on the Core Blockchain, it powers secure and efficient transactions, governance, and seamless interactions across decentralized platforms. With its open-source foundation, Core Token offers easy integration for users, developers, and enterprises. By connecting directly to Core’s decentralized services and tools, users can access the full range of Core’s ecosystem without the need for intermediaries, making it a powerful asset in the world of decentralized finance.

What gives CTN its value is its facilitation of use cases on the blockchain. It enables payments of services and distribution of rewards in, among other areas, decentralized storage, the content creation realm, and all services offered within the CoDeTech ecosystem itself. So, the services create a natural and automatic demand for the token, but to transact the token for the services, you require XCB. Having both assets is valuable for the holder.

The Core Token is built on the Core Blockchain network, utilizing the CBC20 open standard, ICAN standards and PayTo transfers. This innovative combination ensures a robust and secure foundation for the Core Token that serves the Core Ecosystem. Its rapid, scalable, and interoperable systems platform enables seamless integration with other blockchains, side chains, permissioned chains, or centralized platforms, accessing the full spectrum of services within the Core Ecosystem.

The CBC20 standard offers native support for advanced smart contract features, providing a seamless integration that enhances functionality. The CBC20 standard enables seamless integration of sophisticated smart contract deployment performance.

Utilization:

Core Token enables blockchain-based programmable connectivity and operability for Core Blockchain solutions deployed by the public, SMEs, and enterprise solutions deployed by governments, large institutions and businesses as well as decentralized autonomous organizations (DAOs).

Facilitation:

Core Token serves as a crucial tool for enhancing interaction and functionality between decentralized and centralized applications. It empowers the programmability of payment methods, instructions, event management, permissions, and any valuable actions governed by smart contracts, streamlining their execution.

Token:

Core Token is a utility instrument that serves as a form of exchange of value or payment within DApps and enables users to access features, goods, services, or content. It can also be used to reward users for engagement, loyalty, and contributions.

Support:

CTN provides programmable smart contract execution support for consumers, businesses, organizations, regulators, and governments in daily operations.

Core Token deployed in CorePass Digital Identity:

The CorePass ID Dapp has a Core Token (CTN) Wallet for holding CTN. This can be done using the Core Pass ID wallet, which utilizes the functionality and exchange value of CTN. The CorePass ID Wallet is a hybrid cold storage wallet offering the world’s most secure digital asset management for user assets.

A standout feature of CorePass is that it enables users to monetize their data and get paid for it in Core Tokens. In this ecosystem, the user’s data is not the product; rather, users receive compensation for sharing their data.

The CorePass ID Dapp is available on both the Apple App Store and Google Play Store.

Core Token Technical Information

Smart Contract Technical Overview:

The Ylem Smart Contract platform, exclusive to the Core Blockchain Network, defines a comprehensive unit. Core Token acts as the custodian for all smart contract programmable activities and digitized value within the Core Blockchain Network and the broader Core Ecosystem.

API / Oracle Connectors:

Core Token manages all API connectors to Core Blockchain Network Oracles, Core Ecosystem Services, and use cases. This connection is crucial for driving the value of Core Token, serving as a requirement for connectivity and interoperability with third-party solutions.

Asset Digitization:

Through programmable smart contracts, Core Token operates decentralized applications on the Blockchain, adhering to existing legal structures and financial regulations.

Payments:

Functioning as a utility token, Core Token facilitates various payment executions, including peer-to-peer transactions and secure data protection. It ensures traceability and transparency for users, SMEs, and enterprise solutions such as governments, financial institutions, businesses, organizations, and more.

Validation and Verification:

Core Token, as the service provider for the CorePass Digital Identity, enables the execution, data transmission, verification and fingerprinting of data records. The secure integration mechanism of this platform facilitates the seamless integration of blockchain applications. It adopts industry-standard practices to classify digitized objects based on their unique characteristics and attributes. Additionally, it employs cryptographic classification to determine whether these objects are fungible or non-fungible.

About the project

Core Token is designed to generate a naturally high demand, elevating its value through a restricted supply of 1,000,000,000 CTN.

With 18 decimal places, the Core Token is finely tuned to facilitate transactions in the face of high demand and limited supply. Serving as a versatile utility, the Core Token functions as a payment method, facilitator, initiator, verifier, and executor across all services within the Core ecosystem.

Website: https://coretoken.net

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