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Overview

CognideX is a decentralized data marketplace that allows users to monetize their data. The CognideX Token (CGDX) is the native utility token of the CognideX ecosystem. CGDX is used for staking, governance, and as a medium of exchange within the platform. The total supply of CGDX is capped at 1 billion tokens.

Token

  • Token Name: CognideX Token
  • Token Symbol: CGDX
  • Total Supply: 1,000,000,000 CGDX
  • Token Type: Utility
  • Blockchain: Polkadot

Methodology​

The white paper of CognideX is designed and implemented in a way such that it incentivises people to contribute to the network. As our aim of this platform is to allow everyone to be able to make full use of the data they have, we have designed the tokenomics in a way that it is beneficial for everyone to contribute to the network, which includes the data providers and data consumers.