-150% BonusWhat are the main values of Core DAO?
Core DAO's vision is a society where everyone, globally, has the same opportunity to participate and where people are free to choose how they participate in the society. Our mission is to build a new world economic system based on Satoshi Plus consensus that is decentralized, permissionless, and open to everyone. We believe that: - Code is law - in math we trust - Anyone can contribute - permissionless - Everyone is free to choose what they like - community driven - No one is above the law
Who are the people behind Core DAO?
The Satoshi Plus consensus was built by an anonymous group of contributors and will be released as an open source project to the public. Core DAO is made up of a decentralized group of contributors building the Core blockchain and supporting the Satoshi Plus ecosystem.
What is Core DAOs biggest benefit compared to other L1s?
The Core Blockchain runs on Satoshi Plus consensus - a combination of PoW and DPoS (delegated BTC hashpower and delegated CORE staking). This combination enables the Core blockchain to have the scalability and security of other L1's with the addition of the decentralization only Bitcoin's PoW can provide. Decentralization via Bitcoins PoW, combined with EVM compatibility, and governance.
What is Core DAO Price?
This coin is not listed on crypto exchanges before 08/02/2023. Coming soon!
Core DAO launch date?
- Mainnet launch date: 14 January 2023 UTC, Click Core DAO(CORE) Mainnet is Live to view
- Spot Trading launch date: 08 Feb 2023 UTC
Where Can You Buy Core DAO(CORE)?
Investing in Core DAO can seem complicated, but it is much easier when you buy Core DAO through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Core DAO — both for fiat money and other cryptocurrencies. Some of the most popular Core DAO cryptocurrency exchange are:
Stay tuned for more Core DAO New Listing Events.
How to Delegate Or Stake Core DAO and Earn Rewards?
- First, Learn how to add Core Mainnet to Metamask.
- Open this link (stake.coredao.org) in the Metamask Browser.
- Scroll down, and you will see a list of validators with their commissions and Annual Percentage Rates (APR).
- Click on any of the validators and select delegate. You will be prompted to connect your wallet after clicking the button.
About CoreChain
About Core Chain TestNet(CORE)
- Network Name: Core Chain TestNet
- WebSite: https://www.coredao.org
- ChainID: 1115
- NetworkID: 1115
- Symbol: CORE
About Core Chain MainNet(CORE)
- Network Name: Core Chain MainNet
- WebSite: https://www.coredao.org
- ChainID: 1116
- NetworkID: 1116
- Symbol: CORE
How To Add Core Chain (CORE) To MetaMask
- Add Core Chain MainNet(CORE) To MetaMask: https://www.coincarp.com/chainlist/coredao-mainnet
- Add Core Chain TestNet(CORE) To MetaMask: https://www.coincarp.com/chainlist/coredao-testnet
About Core DAO(CORE) Distribution
Distribution Breakdown of the 2.1 billion total CORE tokens:
- Node Mining (839,900,000 CORE tokens; 39.995% of the total supply):
To get Core off the ground, both miners and stakers who are securing the network must be compensated for their services. Node rewards will be distributed over an extended period of time (~81 years) to ensure long-term incentive alignment. Nodes can also receive rewards in the form of transaction fees.
- Users (525,600,000 CORE tokens; 25.029%):
From the start, Core users should know that this chain is built for them. Airdropped CORE tokens will be allocated to a decentralized base of millions of users.
Contributors (Existing and Future) (315,000,000 CORE tokens; 15%):
Compensation will incentivize past, present, and future Core contributors.
- Reserves (210,000,000 CORE tokens; 10%):
This reserve may be used over time in order to capitalize the foundation without centralizing the token supply.
Treasury (199,500,000 CORE tokens; 9.5%):
The Treasury will give the DAO the funds necessary to build out the ecosystem.
- Relayer Rewards (10,000,000 CORE tokens; 0.476%):
Like nodes, relayers must be compensated for the services they provide to the chain’s security. Relayers also receive rewards in the form of transaction fees.
Core DAO(CORE) Token Functionality
A decentralized distribution is essential for CORE tokens because of the role it plays in the Core network. CORE is the utility and governance token of the Core Network with abilities including, but not limited to:
- Paying for transaction/gas fees
- Staking on the Core Network
- Participating in Core network governance
- Given these vital functions, CORE token holders bear great responsibility for upholding and directing the Core network. Nevertheless, Core’s tokenomics also contain certain indelible principles to uphold decentralization, self-sovereignty, and soundness.
Core DAO(CORE) Sound Supply
Following Bitcoin’s model of absolute scarcity, only 2.1 billion CORE tokens will ever exist. The hard supply cap is aimed at making Core maximally inflation resistant.
Core DAO(CORE) Emissions Curve and Schedule
The block rewards of CORE will be paid out over an 81 year period. These rewards will be paid out to network participants to promote the long-term success of the chain.
Each year, block rewards decrease by 3.6% over the last.
Core DAO(CORE) Decentralized Direction
Direction is often more important than speed, which is often lost in the chaos of crypto. The crypto industry’s volatility often appears to reward the fastest among us, but that volatility is a two-way street. Over a long enough time horizon, crypto punishes fragility and rewards antifragility. Projects with a sturdy foundation and direction are more likely to emerge from the worst wreckage. By deliberately targeting builders, users, and believers with the token launch, Core’s foundation is in perfect alignment with the vision of long-term decentralized governance.
About Core DAO(CORE) Airdrop
- Distribution Amount
Per the initial distribution of CORE tokens, users of the Core network will receive 525,600,000 CORE through the airdrop, which constitutes 25.029% of the total (hard capped) CORE token supply.
- Distribution Recipients
The recipients of the airdrop are qualified users of Satoshi App who have mined in-app rewards (formerly known as BTCs). These qualified Satoshi App users will receive CORE as one of the benefits for their in-app mining performance.
- CORE Unlock
As explained in Mainnet is Live, 25% of the number of CORE tokens to be airdropped will be made available to users at the genesis of the airdrop with the remaining 75% set to be unlocked monthly over a two year period. The two year period begins when the first 25% of tokens are airdropped/unlocked. Supporting network functions such as sending, receiving, or interacting with smart contracts for activities like staking will not be available with locked CORE tokens.
To align contributor and user interests, the contributors’ tokens will also vest. The contributors’ tokens will vest over a 4 year period (monthly with a 1 yr lockup). Also, note that early validator + staking rewards earned by the DAO are to be burned at a later date.
- Distribution Efficacy
The airdrop will be executed by decentralized smart contracts that are enforced by code alone. In designing and auditing these smart contracts, the priority is user safety via decentralization and comprehensive security checks. Therefore, auditing the security of the code warrants an uncompromising level of careful consideration by many of the most esteemed folks in the blockchain world. In prioritizing security and decentralization over speed, the airdrop may take up to 60 days to begin.
- Next Steps
Users of Satoshi App who qualify for the airdrop will receive instructional information inside the app. In order to receive the airdropped CORE, they will bind their public key address to their Satoshi App account. When user data is written into the airdrop smart contract, a small amount of CORE will be sent to users for covering gas fees in subsequent claims. More details will be provided in Satoshi App.
Important Legal Notice and Disclaimers
This airdrop is only available to persons outside of the United States, Canada, and non-OFAC sanctioned countries and is subject to all applicable local laws, rules and regulations of the applicable jurisdiction. Each recipient shall determine which laws, rules and regulations are applicable and shall undertake all necessary efforts to comply with all such obligations. Core and its affiliates make no representation of the legal status of the airdrop under any jurisdiction and this airdrop is void where prohibited. Furthermore, nothing in this post should be construed as advice of any kind, including legal, business or tax advice. This airdrop does not constitute an offer to sell or the solicitation of an offer to purchase any investment.
