Glossary

1. Blockchain

A decentralized digital ledger that records transactions across many computers. In the Clore.ai ecosystem, blockchain technology ensures the transparency, security, and immutability of all transactions, fostering trust among users.

2. Clore Coin (CLORE)

The native cryptocurrency of the Clore.ai platform. CLORE is used to facilitate transactions, reward participants, and support the platform's overall economy.

3. Decentralization

A system where control and decision-making are distributed among multiple participants rather than centralized in a single entity. Clore.ai leverages decentralization to create a more equitable and resilient platform for GPU leasing and cryptocurrency transactions.

4. GPU (Graphics Processing Unit)

A specialized electronic circuit designed to accelerate the processing of images and videos. In Clore.ai, GPUs are leased through a decentralized marketplace, allowing users to access high-performance computing power for various tasks like AI development and cryptocurrency mining.

5. GPU Leasing

The process of renting out GPU resources to others who need computing power. Clore.ai provides a platform where GPU owners can lease their idle hardware to users needing temporary access to powerful GPUs.

6. Proof of Holding (POH)

A system within Clore.ai that rewards users for holding CLORE coins in their wallets. Unlike traditional staking, POH offers rewards immediately, providing incentives for long-term holding and contributing to the platform's stability.

7. Marketplace

In the context of Clore.ai, the marketplace is a decentralized platform where users can lease or rent GPUs and CLORE coins. It operates on a peer-to-peer model, ensuring transparent and direct transactions between users.

8. Emission Schedule

The planned release of CLORE coins into circulation over time. Clore.ai’s emission schedule is designed to ensure a controlled supply of coins, with block rewards decreasing gradually, contributing to the coin's scarcity and long-term value.

9. Staking

The process of holding a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network, such as validating transactions. While not the primary mechanism in Clore.ai, staking is similar to the Proof of Holding system.

10. Spot Rental

A rental option on the Clore.ai platform where GPU resources are allocated to a specific user for a defined period, guaranteeing access to the leased hardware without interruption.

Fee: 2.5%, with Proof Of Holding it can be as low as 1.8%

11. On-Demand Rental

A flexible rental option where users can lease GPUs from the Clore.ai marketplace on an as-needed basis. This option is ideal for users with varying computational needs.

Fee: 10%, with Proof Of Holding it can be as low as 5%

12. Airdrop

A distribution of cryptocurrency tokens to a specific group of users, often used as a marketing strategy or as a reward for platform participation. Clore.ai periodically conducts airdrops to reward users, particularly those participating in the Proof of Holding system.

13. Compliance

Adherence to legal and regulatory requirements in the jurisdictions where Clore.ai operates. The platform is committed to maintaining full compliance with relevant laws, ensuring a secure and trustworthy environment for all users.

14. Tokenomics

The economic structure of a cryptocurrency, including its supply, distribution, and reward mechanisms. Clore.ai’s tokenomics are designed to ensure long-term sustainability and value growth for the CLORE coin.

15. Scalability

The ability of the Clore.ai platform to handle increasing demand without compromising performance. Scalability is a key focus for Clore.ai, ensuring that the platform can grow and serve a larger user base effectively.