Core CORE, the DAO’s governance token, has a total issue of 2,100,000,000 pieces and is distributed as follows:
To commend miners and other participants for helping to secure the network, 39.995% is set aside for node mining. The rewards will be distributed over 81 years. Community airdrops receive 25.029% of the budget.
After the Bitcoin block rewards end in 2040, the Core DAO network is probably going to give miners more incentives. The block rewards will decrease by 3.6% per year compared to the previous year.
Evaluation of the Coin’s Functionality
The following are CORE’s features:
- Paying Core DAO transaction gas fees through a transaction.
- Staking: To earn money, users can stake COREs in the public chain.
- Governance: Select the Core DAO through voting.
Advantages
1. Satoshi Plus, the consensus mechanism developed by Core DAO, combines the benefits of PoW and DPoS. With a strong combination of scalability, security, and decentralization, Core DAO is anticipated to overcome the impasse created by the triangle trilemma and usher in a new era of public chain innovation.
2. By utilizing the knowledge, technology, and infrastructure already in place, Core DAO is anticipated to accelerate the development process. Its mainnet has just been launched. Additionally, it fully utilizes Bitcoin’s absolute scarcity mechanism to maintain a total of 2.1 billion CORE governance tokens, which will considerably fight inflation.
3. With over 6 million users mined and up to 1.6 million activities per day, Core DAO has over 11 million registered users. The community’s social media data also performs incredibly well; it has more than 1.5 million followers on Twitter and up to 161,759 members in its Discord channel, and it has attracted significant market interest.
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.
