A Brief and Technical Introduction of Core Token
What Defines Core Token?
From the outset we need to look at the blockchain itself, how things are entered into the blockchain, what is it composed of and, how do you actually integrate blockchain into everyday life?
In a digital environment things need to be identifiable. Once an identifiable digital string, code, array has been created, only then one can start applying an executable to that object, activity and or event. This process is called tokenization/digitization which is, what we refer to, an individual, an entity, a digital asset of which the latter are all digital attributes attached to the said individual.
Once a digital attribute has been created, it can be used to participate in a transaction, event and or activity, whether it is a physical object, financial instrument, data, document, etc. Therefore, by way of explanation, blockchain based processes are not only for financial transacting, it serves any form of data activity connected to an individual, entity and a digital attribute.
Core Token is the gateway into the Core Blockchain Network, serving centralized platforms, decentralized platforms, other networks and also 3rd party blockchains to connect and communicate with and within the Core Blockchain network.
Supply: 1,000,000,000 Tokens
Decimal Places: 18
Ticker: CTN
What makes Core Token Stand Out From The Rest?
Core Token is a utility token. The unit is defined by a full fledged Ylem Smart Contract platform that is unique to the Core Blockchain Network.
The Unit’s value is defined in multiple values:
Custodial:
Core Token is the custodial platform of every smart contract that is deployed within the Core Blockchain Network as well as the Core Ecosystem.
Transactions:
Every service, whether digitization or tokenization in the creation of a digital attribute, the smart contract execution and other blockchain based service within the Core Ecosystem, the Core Token is the payable unit for the execution of the service.
The Core Token’s main value driver is its limited supply and of course the demand naturally created due to the already implemented use cases of the Core Ecosystem, as well as other use cases currently being implemented on the Core Blockchain Network such as Digital Asset Backed Tokens, educational projects, several centralized platforms in logistics, manufacturing, with additional use cases growing by the day.
The Core Token is redefining the purpose of a utility token, simply due to the seamless integration with the Core Blockchain Network with the Ylem Smart Contract platform which Core token is the custodial of.
Below is the Basic Business Model of Core Token:
Technically Perfect
Defining some of Core Token’s pioneering technical aspects:
Smart Contract Technical Overview:
- CRC (Core Request for Comment), CIP (Core Improvement Proposal) describe standards for the Core platform, including core protocol specifications, client APIs, and contract standards.
- Built on Ylem Smart Contract programming language with Comet Software to initiate a built in full fledged Turing-complete language to deploy, develop Ðapps, and test on local testnet
- Twisted Edwards curve — Edwards448–224-bit //Spinal Tap-grade// security level.
- Core Blockchain is using self-organized systems — Boids — to transact and route the data.
- HD Wallets deriving keys from common seeds for easy backups and privacy including Shamir backups
- Custom IBAN — ICAN — Address structure with error detection and financial standards
- Indirect Addresses Protocol (IAP): intermediary Smart Contract Architecture with asset registries integrated
- Connecting the World using Oracles and injecting Financial instruments onto Smart Contracts.
- Such Smart Contracts can serve as collateral for any Stable Token and or Stable Coin.
Payments:
Core Token is a utility token that can be used for several payments:
- Peer to Peer for public
- Blockchain based services in Governments, Businesses, Organizations and Consumers. All Core Group’s Services and use cases are payable in Core Token.
- Core Token, being the facilitator of services, has a unique algorithm calculator which also rewards people of all ages to earn an income. This measurement is done through participation and effort that uniquely provides an income on several platforms such as Wallace, TiNG, TokToKey and more.
- Payments can be done with/without internet connection using the Lunaº Mesh Network.
- Payments can be connected to multiple Crypto Currencies as well as FIAT.
- Payment Splitting can be done using the Ylem programming and indirect Addresses.
- Core Token is supporting and facilitating Security tokens which are backed by assets and/or commodities, all digital attributes connected using CorePass.
Custodial of API / Oracle Connectors:
Core Token is the custodian of all API connectors to all Core Blockchain Network Oracles, Core Group Services, and use cases which will be the driver of the value of Core Token as Core Token is required to connect. The Connectors are built in several languages such as:
- Golang
- JavaScript
- PHP
- C#
- Java / Flutter
- Others can be built on request
Oracle connectors can communicate and interact through Ylem Smart Contracts between long-term established applications and modern Blockchain systems.
Validation & Verification:
- Core Token is the Smart Contract behind CorePass, a blockchain based Digital Identity, allowing for execution, transmittance of data and verification of records.
- CorePass is the digital registration platform for the entire suite of Core Group services and use cases.
- The CorePass digital identity identifies individuals connecting digital attributes such as; legal entities, product, service, location and logistics to operate to the said individuals whilst executing in Ðapps and blockchain environments.
- Core Token ensures that digital identities are secure, tracked, traced and tamper proof. Any unique verification requires a Core Token Smart Contract and Core Tokens as payment for identification and verification.
- CorePass has a KYC (or KYB) with an integrated AML service. CorePass is also integrated with more than 50 leading databases such as International PEP list, CFT; Interpol, Europol: Europe Most Wanted, etc for checking and verifying identities, uniquely operating, GDPR compliant, within a decentralized environment, a world first.
- CorePass is also used to verify ownership of Assets, Commodities, Financial Instruments, Debts, Certified Valuations, Custody, Location etc. Here Core Token Smart Contracts uses the Ylem programming and indirect Addresses to verify, confirm ownership and confirm transfer of ownership.
DeFi and NFT
Core Token can be applied in:
- Banking Environments
- Insurance
- Loans
- Asset Management
- Accounting
- Communication
- Government Services
- Smart Cities
- Digital Identity
- Ecommerce
- Payment Gateways
- Exchanges
- Education
- Health Care
- Transport / Shipping
- Aviation
- Industrial / Manufacturing
- Stable Token / Stable Coin
Core Token uses programmable Smart Contracts to operate on decentralized applications backed by Blockchain while respecting the current legal structures and financial regulations.
Core Token facilitates transfer of ownership of anything of value through any exchange, primarily Ping Exchange, and any other decentralized exchanges.
Core Token is the enabler to an entire tokenized world revolutionizing shareholding and right of choice along with ownership and control, truly decentralizing everything around us.
Enterprise Based Interoperable Blockchain Platform
Core Token’s ecosystem provides an interoperable platform for blockchain, cross-chain and sidechain projects, with different protocols and cryptographic structures, offering a variety of applications to serve the needs of the digital world with specific reference to:
Supply chain solutions that require integration with:
- IoT devices and edge gateways
- E-commerce and other marketplace applications with multiple functionality.
Banking use cases for:
Integration with the API based enterprise financial systems
Originating payment transactions to/from the blockchain.
Manufacturing use cases for integration with their ERP systems.
Core Token’s secure and standardized integration mechanism for interoperable blockchain applications are leveraged to adopt any common set of standards and specifications based on:
- The characteristics and attributes of tangible and intangible digitized objects
- Its cryptographic classification of such objects as fungible and non-fungible.
High Demand
The Core Ecosystem, which is extremely rich in services and use cases, could never work without the Core Token, which creates an extremely high demand for the Core Token already at this time.
So let’s look at how CTN will work for specific use cases and what the potential demand is for the future.
CorePass
CorePass is a decentralized blockchain based digital identity, a world first GDPR compliant digital identity with digital attributes, a complete Blockchain Based Asset Management platform. Core Token is used as payment for the entire KYC, KYB and AML process where the clients pay to verify themselves and fingerprint their data in the Core Blockchain Network. Once that is completed, whenever someone or a website or an organization requests data, a smart contract is created which is payable in Core Tokens. The data provider also gets paid in Core Tokens for the data that is transferred to the requester. This happens for example with website registrations, data updates of individuals who have registered, people wanting to verify people, organizations wanting to verify organizations or people, etc. As a spin off from the CorePass digital attribute and its data verification process, CorePass has created the most secure website login process in the world, using the Core Token Smart Contract platform replacing the use of Oauth2.0, 2 factor Authentication, etc.
Ping Exchange
Ping Exchange is a hybrid exchange which will also be the first exchange to have Core Token listed. Ping Exchange has multiple pairs such as:
- Crypto To Crypto
- Fiat To Crypto and Vice Versa
- Forex
- Assets
- Commodities
- Securities
- Digital Assets
- Stocks
- Shares
- Bonds
Having all these pairs there are multiple services which Ping Exchange offers such as:
Digitization or tokenization of assets
- A smart contract needs to be built to digitize the assets itself which is all payable in Core Tokens.
Listing digital assets on the Ping Exchange
- To list anything on Ping Exchange Core Tokens is the only means of payment for those services.
Tokenomics
- Any tokenomics or other calculations or services related to tokenomics are all payable only in Core Tokens.
To have an account on Ping Exchange, CorePass has been fully integrated with the exchange for the website login, thus when you first register on Ping Exchange the Core token smart contract is executed and is also payable in Core Tokens.
TiNG & MeeTiNG
A decentralized, serverless, peer to peer, video streaming and communications platform, there are multiple Core Token use cases within the platform itself such as:
TiNG:
- Supports a hybrid login with normal registration and login as well as the CorePass Login methodology where smart contracts are created for the registration.
- Donations are all done through the Core Token smart contract platform which has advanced security and protection methods that are all payable for the services of the smart contracts in Core Tokens.
- Supports a hybrid login with normal registration and login as well as the CorePass Login methodology where smart contracts are created for the registration.
- Multiple packages with some being paid packages where all services are payable in CTN: Automatic conversions etc are done within the platform.
- Depending on your package, the rooms can also use CorePass authentication which is another Core Token Smart Contract.
With just these few use cases Core Token has a huge demand already and there are so many more platforms to be released within the Core Ecosystem that will all generate an even higher demand on Core Token itself.
Should you want to buy some Core Tokens you can go to: https://coretoken.net
Thank you for your attention,
Ockert Loubser — COO & Co-Founder | Twitter
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