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Clore.ai

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Discover Clore.ai's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Clore.ai?

Clore.ai (CLORE) is a transparently mined cryptocurrency that powers a distributed GPU supercomputer platform. It is designed for deep learning, data analysis, and cryptocurrency mining applications, with a focus on ease of use and accessibility. The token operates on a Proof-of-Work blockchain, utilizing the KaWPOW algorithm to resist ASIC mining and ensure decentralization. Clore Coin has a unique tokenomics model, with no premine or ICO, and rewards miners, hosters, and users through its Proof of Holding system.

How is Clore.ai used?

Clore.ai (CLORE) is a cryptocurrency that plays a central role in the Clore.ai ecosystem, which is a distributed GPU supercomputer platform. Here are the key ways CLORE is used:

  1. Payment Method: CLORE can be used as a payment method on the Clore.ai platform, allowing users to rent servers tailored to their needs. This integration aims to enhance user convenience and reduce transaction fees compared to traditional blockchain transactions.

  2. Proof of Holding (POH) System: The POH system incentivizes users who hold CLORE coins by offering rewards, discounts, and bonuses. The more CLORE coins held, the more bonus rewards users receive for leasing their equipment. This system encourages users to hold CLORE, which in turn supports the ecosystem.

  3. Mining: CLORE is ASIC-resistant, meaning it can be mined without specialized hardware, preserving decentralization and the democratic spirit of cryptocurrency. Miners are rewarded with CLORE coins for their contributions to the network.

  1. Ecosystem Benefits: Holding CLORE coins unlocks various ecosystem benefits, including discounts on commission fees for services and bonuses through the POH system. This creates a strong incentive for users to participate in the ecosystem and support its growth.

In summary, CLORE is used as a payment method, a mining reward, and a token that unlocks ecosystem benefits through the Proof of Holding system, fostering a robust and decentralized community within the Clore.ai platform.

How do I store Clore.ai?

To store Clore.ai (CLORE) tokens, you have two primary options:

  1. Store on an Exchange:

    • Hold your funds on an exchange, which provides convenient access to various investment products and features like spot and futures trading, staking, and lending. The exchange will securely manage your funds, but ensure you choose an exchange with strict security measures to protect your assets.
  2. Non-Custodial Wallets:

    • For enhanced security and control, you can withdraw your Clore.ai (CLORE) to a non-custodial wallet. This grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in permanent loss of your Clore.ai (CLORE).

Both options have their pros and cons, so choose the method that best fits your needs and preferences.

How to buy Clore.ai?

To buy Clore.ai (CLORE) tokens, follow these steps:

  1. Create an Account:

    • Choose a reliable exchange such as Coinbase, Binance, Gate.io, MXC, or CoinEX.
    • Sign up by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps.
  2. Fund Your Account:

    • Select a suitable payment method, such as:
      • Credit/Debit Card: Supported by most exchanges, including Visa and Mastercard.
      • Bank Deposit: Use SWIFT to transfer fiat currency to the exchange.
      • P2P Trading: Buy directly from other users.
      • Third-Party Payments: Options like Simplex, Banxa, and Mercuryo are available on some exchanges.
  3. Buy Clore.ai (CLORE):

  • Navigate to the exchange's "Buy & Sell" section.
  • Choose Clore.ai (CLORE) as the cryptocurrency you want to buy.
  • Select the payment method and complete the transaction.
  1. Transfer to Your Wallet:
    • Once purchased, you can hold the tokens in your exchange account or transfer them to a personal cryptocurrency wallet like MetaMask for additional security and trading options.

For more detailed instructions and specific exchange procedures, refer to the guides provided by each exchange, such as MEXC and SimpleSwap.

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History of Clore.ai

Clore.ai (CLORE) is a cryptocurrency that was launched in December 2022 without a premine or ICO, ensuring a fair and transparent distribution. The coin is ASIC-resistant, which helps maintain decentralization and the democratic spirit of cryptocurrency by mining without ASICs.

Early Development

In February 2022, the Clore.ai marketplace underwent significant improvements based on user feedback, fixing hundreds of bugs. This marked an early milestone in the project's development.

Proof of Holding and Marketplace Expansion

In March 2023, Clore.ai introduced an innovative proof-of-holding system, which rewards users who hold CLORE coins with bonuses for using the platform. This system incentivizes users to hold the coin and participate in the ecosystem. The same month, Hive OS support was added, expanding the platform's capabilities.

Cloud Computing and Mining Features

In May 2023, Clore.ai launched a secure cloud by buying a data center, allowing users to access computing power. This move was covered by prominent media outlets such as Bloomberg, Yahoo, and MarketWatch. Later, in June 2023, pre-selected OC profiles for mining-grade machines were rolled out, helping specialized miners. Additionally, a referral system was introduced to encourage user engagement.

Listings and Partnerships

Clore.ai continued to expand its reach by listing on the MEXC exchange in September 2023. The platform also reached 20,000 open orders on the marketplace and started a blog to share updates and insights. Users locked over 60 million CLORE coins in proof-of-holding, which is about one-third of all coins.

Ongoing Development

In the following months, Clore.ai continued to add features such as private containers, improved container interaction, and listings on Coinex and Rate. The platform also introduced a neural network to set up MFP for new servers automatically and partnered with Flux, integrating zellcore wallet support.

Future Plans

Looking ahead, Clore.ai plans to introduce 2FA authentication and unveil a new design for the marketplace with added features in March 2024. The platform aims to improve code efficiency and boost marketing efforts in Q2 2025.

Overall, Clore.ai has made significant strides in developing its ecosystem, expanding its marketplace, and incentivizing users to participate. Its commitment to transparency, decentralization, and sustainability sets it apart in the cryptocurrency space.

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How Clore.ai works

Clore.ai (CLORE) is a cryptocurrency project that operates on a distributed GPU supercomputer network. It is designed to provide high-performance computing resources for various applications such as AI training, cryptocurrency mining, and movie rendering. Here's a detailed overview of how it works:

Key Components
  1. GPU Leasing and Sharing Platform: Clore.ai connects users who need powerful GPUs with those who have spare GPU capacity. This platform allows users to rent out their GPUs for different purposes, creating a flexible and cost-effective way to access high-performance computing resources.

  2. Clore Coin (CLORE): The native cryptocurrency of the platform, Clore coin, is used for transactions and rewards within the ecosystem. It is ASIC-resistant, ensuring decentralization and fair distribution.

  3. Proof of Holding (POH): This innovative system rewards users who hold Clore coins in their wallets. The more coins held, the more bonus Clore coins users receive for leasing their equipment. This system incentivizes users to participate and supports the ecosystem.

How It Works
  1. GPU Leasing: Users can rent out their GPUs on the platform, which are then used by others for various applications such as AI training, mining, or movie rendering. This creates a mutually beneficial environment where both renters and hosts can profit.

  2. Clore Coin Transactions: Users can deposit Clore coins directly into their accounts and use them to rent servers tailored to their needs. The process is designed to be user-friendly and efficient.

  3. Rewards and Discounts: Clore coin holders enjoy various benefits, including increased rewards for leasing equipment, hassle-free usage, and service discounts. This encourages users to hold and participate in the ecosystem.

  1. Security and Sustainability: Clore.ai prioritizes data security and environmental sustainability. It uses sophisticated encryption techniques and stringent data privacy policies to protect user information. Additionally, the platform promotes the use of renewable energy sources and energy-efficient solutions to reduce its carbon footprint.
Tokenomics

Clore coin has a transparent mining process with no premine or ICO. The tokenomics are designed to ensure fair distribution, with 50% of each block going to miners, 40% to hosts, and 10% to the team. The total supply of Clore coins is capped at 1.3 billion, which will be fully mined in 20 years.

Overall, Clore.ai offers a unique solution for high-performance computing needs while promoting decentralization, fair distribution, and environmental sustainability.

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Clore.ai's strengths

The token Clore.ai (CLORE) has several strengths that contribute to its value and utility within the Clore.ai ecosystem:

  1. Native Token: CLORE is the native cryptocurrency of the Clore.ai platform, which facilitates payments and transactions within the ecosystem. This integration enhances user convenience and reinforces the token’s utility.

  2. Faster Transactions: CLORE coin transactions offer faster processing times compared to traditional blockchain transactions, ensuring swift and seamless user experiences.

  3. Reduced Transaction Fees: Using CLORE coins for payments can potentially reduce transaction fees, making it a more cost-effective option for users.

  1. Proof-of-Holding System: The Proof of Holding system rewards users who hold CLORE coins, providing incentives for long-term engagement and participation in the platform. This system integrates users deeply into the platform’s economy and encourages their continued involvement.

  2. ASIC-Resistant Mining: CLORE operates on a Proof-of-Work blockchain using the KaWPOW algorithm, which alternates between X15 and SHA51 to resist ASIC mining and maintain decentralization. This approach ensures a fair and democratic mining environment.

  3. Fair Distribution Model: The token economics of CLORE include a distribution model where 50% of each block reward goes to miners, 40% to hosts for their computational contributions, and the remaining 10% to the Clore.ai team. This model is designed to gradually decrease block rewards, creating a smoother transition than traditional halving events.

  1. Incentives for Participation: CLORE coin holders can receive up to 50% discounts on service commissions, further incentivizing their participation and engagement within the platform.

These strengths collectively contribute to the value and utility of the CLORE token, fostering a robust and engaging ecosystem within Clore.ai.

Clore.ai's risks

Clore.ai (CLORE) carries several financial risks that investors should be aware of. One significant risk is the high risk assessment given by InvestorsObserver, which indicates that the token is potentially susceptible to price manipulation due to limited trading activity. This volatility can lead to significant losses for investors. Additionally, the requirement to use a desktop wallet for participating in the Proof of Holding system raises security concerns, potentially exposing users to malicious activities. These risks should be carefully evaluated before investing in CLORE.

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Did Clore.ai raise funds?

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Clore.ai's ecosystem

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Clore.ai’s team

  • Founders and Team Members: The team behind Clore.ai includes the founder, who is not explicitly named, and other team members who are also not specifically identified. The team is responsible for developing and maintaining the platform, which provides GPU computing power rental services and rewards users with Clore Coin.

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