It won’t be long before the Core DAO mainnet goes live. The environment is favorable, and the community is prepared, with audits behind us, NFT projects selling out presale, and testnet mining finished.
we’ll quickly go through how owning and staking Core tokens can provide passive revenue after the mainnet is live. The distinctive downline options coming to simple Core token stakers could change the course of passive revenue generation.
Every Core token owner will be able to stake their individual $CORE on the Satoshi app. In addition to potentially receiving a modest annual percentage yield (APY), holders of $CORE can profit by staking. No of how much $CORE a user possesses, they are still eligible to stake and participate.
Holders of $CORE may gain by staking using a procedure known as Delegated Proof of Stake. Stakeholders of $CORE can delegate their staked holdings to validators, combining some of the best ideas from Ethereum Post-Merge. Users distribute the incentives and rewards generated by validators by delegating these holdings. Validators determine the stakers’ rewards and are motivated to make it worthwhile.
In this connection, delegated validators have a larger capacity to contribute to consensus. This rewards stakers in the future while further democratizing the Core blockchain’s overall consensus mechanism.
As compensation for transferring their holdings, staked $CORE holders receive distributions of the incentives earned by validators as a result of their efforts to verify the consensus mechanism. It essentially serves as compensation for lending your $CORE to be utilized to support the chain’s consensus mechanism.
The Core DAO is currently operating in testnet mode, but the moment for the next action is drawing near. With the adaptability of $CORE staking chances, the mainnet update will introduce a new Delegated Proof of Stake possibility for users of various price ranges.