$nCORAI Token Utility and Deflationary Mechanism

NeoCortexAi
5 min readMar 19, 2023

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Dear NeoThinkers,

Welcome to the future of crypto with $nCORAI — the versatile token that unlocks a world of possibilities!

It’s a perfect moment to explore the fundamentals of the nCORAI token and the crucial function it will play within our ecosystem as the much anticipated launch of our project is finally here.

NeoCortexAI is a comprehensive platform that seamlessly links blockchain technology and artificial intelligence to push forward the leaders of the new world.

Our AI-Launchpad for cutting-edge AI projects, Multi-AI-Index Pool with DCA AI bots, AI-Swap, and AI-Brain Center makes us the ultimate one-stop-gateway to the latest developments and trends in AI and blockchain technology.

The $nCORAI Token

With complex token economics and well-considered token metrics, NeoCortexAI is a fully token-centric initiative. Our native BEP-20 token is nCORAI. It is a purely functional token that will empower and enable several use cases.

Our platform token makes sure that the most devoted and devoted supporters of our project receive rewards. All of the fantastic advantages in our ecosystem can be accessed by holding the $nCORAI token. There is no sell tax nor buy tax for the $nCORAI token.

The platform will have dual tokens, $nCORAI as the launchpad token and $NAI as the platform token. $NAI will be launched in the subsequent months after the $nCORAI is listed successfully. The concept of duality will apply when $NAI is listed. The early adopters, holders and stakers of $nCORAI will get access to the exclusive $NAI pre-sale allocation. The tokenomics of $NAI will be released in the later stages. There is a lot of very exciting synergies between the token that we can’t wait to share. Stay tuned!

Without further ado, let’s dive right into the numerous utilities of our token!

AI Index Pool Shares:

$nCORAI is the key to unlocking our AI index pool, a unique investment vehicle that offers exposure to a diversified portfolio of AI-related assets. By purchasing shares in our index pool with $nCORAI, users can tap into the potential of this exciting new technology and ride the wave of innovation.

Just like S&P 500 represents top 500 companies, our innovative AI index pool represents top promising AI projects, of which we will always have $nCORAI and $NAI included in this Ai index pool. This is very important for token utility because it will drive the demand for the NeoCortexAi token ($nCORAI & $NAI).

The more we launch the AI index pool the more demand for the $nCORAI & $NAI.

The team plans to launch 10 AI index pools through our very own INO. Each AI index Pool will be a collection of 10K NFT.

At the later stage the DAO Governance will take the responsibility to create the AI index pool through voting where holders of $nCORAI and $NAI will have a voting power instituting yet another token use case for the platform.

IAiO/INO/IDO Raise Fees:

We will be charging 10% of raise fees in $nCORAI for all of our sales on the launchpad.

Sale Participation:

At the heart of our innovative launchpad lies the IAiO (Initial AI Offering) launchpad, a gateway for users to discover and invest in cutting-edge artificial intelligence projects. With $nCORAI, users can gain exclusive access to our launchpad and participate in exciting new ventures that have the potential to revolutionize the industry.

All sales on our launchpad are tierless and require no staking or locking of tokens to participate in a sale. Users will have to pay a small amount of $nCORAI token as an entry fee to participate in sales. Allocations are given on a first come first served basis with users’ allocation being purely determined by how fast you participate in the sale.

Private Allocations:

As a holder of $nCORAI, you also have the opportunity to receive private allocations for our IAiO sales, giving you an edge over the competition and ensuring that you are always at the forefront of the latest developments in AI.

NeoCortexAI has already lined up solid early gems AI projects to launch through our IAiO. The ride of AI will be thrilling as we witness the AI trend and narrative escalate and it will only get bigger.

Staking and Farming:

And if that wasn’t enough, $nCORAI can also be staked and farmed on our platform, allowing users to earn rewards simply by holding their tokens and contributing to the growth of our ecosystem.

Users can stake $nCOARI tokens in the $nCOARI pool and earn $nCOARI tokens as a reward. Farming will also be possible to get access to $NAI token, NFTs and many more perks. Our pNFT and iNFT will have a symbiotic ecosystem in the NeoCortexAi.

Deflationary Mechanism:

$nCORAI’s deflationary mechanism is designed to create a more stable and valuable token economy which reduces the circulating supply of tokens over time, and increases their scarcity and potentially drives up their value.

How does it achieve Deflationary Mechanism?

- Fees collected from IAiO/IDO/INO will all be collected in a vault:

  • 70% of $nCORAI from the vault will be burnt
  • 15% of $nCORAI from the vault will be added to the liquidity pool.
  • 15% of $nCORAI will be given back to the holders.

- Fees generated from INO’s in iNFT will be swapped to nCORAI and burnt.

The $nCORAI token will be used in all NeoCortexAI goods and services and is a crucial component of our ecosystem. The $nCORAI token is currently launching on top launchpads in the space with the token being accessible to the public with our PancakeSwap listing on the 21st March.

You can read more about the unique features of our platform that sets it apart from other projects here. In order to stay updated with the most recent news, be sure to follow us on Twitter and join us on Telegram.

For More Information:

Twitter | Official Telegram Group | Official Announcement Channel | Discord | Reddit | Facebook | Instagram | LinkedIn

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NeoCortexAi

Embracing the Synergy of AI and Blockchain: Your Portal to a Brave New Digital Era, The Ultimate Access Point.