The token sale has started!
token sale smart contract address:
We are deliberately trying to keep it as small as possible, taking in only as much capital is necessary to launch our platform and attempt to reach profitability.
Here is a video of our Founder and CEO, David Gentzel, discussing this:
Bonus CORES will be sent upon the close of the Token Sale, along with the base tokens.
Bonus percentages are cumulative, and the highest eligible tier will be used for all contributions. The appropriate percentage of referred ETH will be paid out at the end of a successful token sale.
CORES serve a utility function and streamline platform operations.
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.
The primary purposes of CORES is to drive transactions between developers and resource providers.
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.
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.
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.
After the token sale, token supply is constrained mathematically through the programmatic algorithms used to determine price.
When CORES are sold through the Smart Exchange, they are immediately burned, reducing token supply.
For additional information on the Token Sale and CORES in general, please read our white paper.
If you'd like to contribute to the token sale, please join the whitelist, so we can prepare for your contribution.
Due to the small nature of our Seed Coin Offering, space is limited and positions may fill up quickly.