Innercore replaces traditional cloud providers, giving decentralized application developers an easy way to deploy and power their custom DApps throughout the decentralized internet.
The Smart Exchange is a Smart Contract running on the Ethereum blockchain.
ETH is used to purchase CORES, and ETH is received when CORES are sold.
Pricing is determined by the Bancor Forumas, and is expressed in CORES to ETH exchange ratios.
Transactions occur instantly, minimizing any transactional burden on developers and resource providers.
Payments to resource providers are made in CORES. CORES are preemptively deposited into the Decentralized Payment Proxy (which is a smart contract on the Ethereum blockchain) by developers. The deposits are required to guarantee the availability of funds to resources providers who power applications on behalf of the developer.
As resource providers power applications, they accrue a balance of CORES. At their request, accrued CORES may be withdrawn from the Decentralized Payment Proxy and transferred to their own respective Ethereum account.
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