Token of the Core Component Matrix
The CorCom Matrix is a community of ideas and collaborators creating value in a digital economic workspace. The CorCom Matrix provides the digital economic resources to overcome traditional obstacles such as legal fees, startup costs and development collaboration. The CorCom Matrix is fueled by a digital token, COR. COR is distributed as a reward for value creation events, including the entry of an Idea into the system, or the development of that idea by project collaborators. It can also be used to purchase goods and services inside the matrix, to further develop and promote the idea.
The core component matrix is a borderless, digital ledger, free from redundant overhead, where ideas can be born , incubated, accelerated, and grown to create value. The token of the core component matrix is COR and, in addition to being used to purchase goods and services, it is one of three ways for the individual core component utility tokens to reach liquidity upon maturity milestones and arms-length consensus pricing. The other two 1 being individual utility token purchase with COR and independent ICO with the bonus of COR token reward. COR is also the incentive mechanism of the corcom-matrix and it is generated to reward consensus-verified value creation, in what we call valent mining. The core component matrix is a place for innovators and laborers alike to create value with incentive to do so. It is designed for frictionless entry with a new idea or project, safe participation with multiple verification steps as participation increases, fair and fun rewards, and fair and equitable exit. Patents are possible, with disclosure dates nicely documented on the blockchain, but not needed. Ideas are free for addition, contribution, competition, growth, and forking and use of third party collaboration tools are encouraged. The best groups and ideas will create the most value, both in instantly-liquid COR valent reward, and also in their individual core component utility tokens which add to COR intrinsic value and can each reach liquidity without an independent ICO. Core component utility tokens are assignable for work product, purchasable via COR and tradable, but are firewalled from liquidity until they reach several maturity milestones and have their value set by arms-length bid and consensus.