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Despite the huge benefits that CoreDAO has to offer in the crypto industry it will be fair to consider the risks too

T.I Ukende
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After two years, Core DAO ended free mining on December 15, 2022. In the meantime, mobile mining mode was launched in December 2022 as a novel method of airdropping coins to users. To date, 525 million coins have been airdropped to users worldwide for free using this method.

On January 14, 2023, Core DAO announced the launch of the main network and hinted in an official tweet that CORE circulation would shortly follow. CORE top-ups are already permitted on a number of centralized exchanges, including MEXC, OKX, Huobi and BitMart.

It is crucial that users begin to carefully assess the project before transferring their CORE to any Centralized Exchanges (CEX) before we receive our share of the airdrop, which has been announced will occur on February 8th.

Risk Assessment

Despite having a mainnet launch, Core DAO’s ecosystem’s foundation is not very strong. Its developer ecosystem’s development is a crucial component to its ability to lead the public blockchain market and grow sustainably.

Currently, more research is needed to understand how the ecosystem is developing in CORE DAO. Additionally, within 60 days following the introduction of CORE on the centralized exchanges, 25% of the previously produced coins will be sent to users as an airdrop, which could put some pressure on the market to sell.

Public chains that are just starting to appear on the market are attempting to strengthen the consensus process, and Core DAO has chosen a path that offers tremendous prospects but also faces intense competition.

CORE DAO’s success will still require market validation even though it has a sizable user base and significant market attention.

In this aspect, the initiative poses few risks, but users should use caution when making decisions, particularly when deciding where to sell their Coin.

What is Core DAO?

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.

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