Core
CORE
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Core Timeline
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Core Token allocation
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Core Info
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Core (CORE) is a decentralized network designed to be compatible with the Ethereum Virtual Machine (EVM) as an L1 blockchain. As such, it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is supported by the "Satoshi Plus" consensus mechanism, which combines Bitcoin's Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to secure the network. Specifically, Bitcoin's computational power ensures decentralization, while DPoS and the leader election mechanism guarantee scalability, maintaining overall network security and addressing the trilemma of blockchain. By creating dApps on the Core blockchain and bringing value to the ecosystem, developers will receive S-Prize tokens (Satoshi Prize). The protocol operates through a decentralized autonomous organization (DAO) to achieve decentralization, with the organization controlling transaction fees and governance parameters, proposing upgrades, suggesting development proposals, and voting on them.
The mainnet went live in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), with Core DAO responsible for the development of the Satoshi Plus ecosystem.
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Q&A about Core Tokenomics
Explore the tokenomics of Core(Core) and review the project details below.
What is the allocation for Core(Core)?
CORE tokenomics is designed with a focus on long-term sustainability and decentralization. Inspired by the sound monetary policy of Bitcoin and the need for a fair distribution of governance power, CORE tokens serve as the backbone of the Core ecosystem.
- Node Mining (39.995% - 839,900,000 CORE tokens): To bootstrap the network, nodes are rewarded for securing the chain. These rewards are designed to be distributed over approximately 81 years, aligning with the long-term commitment of participants.
- Users (25.029% - 525,600,000 CORE tokens): A significant allocation is reserved for airdrops to a decentralized user base, emphasizing that the chain is user-centric and inclusive.
- Contributors (15% - 315,000,000 CORE tokens): This allocation is set aside to incentivize both past and future contributors who build and maintain the Core network.
- Reserves (10% - 210,000,000 CORE tokens): A strategic reserve is maintained to capitalize the foundation progressively without centralizing the token supply.
- Treasury (9.5% - 199,500,000 CORE tokens): The Treasury funds are allocated to foster the ecosystem's development and supply the DAO with sufficient resources for growth.
- Relayer Rewards (0.476% - 10,000,000 CORE tokens): Relayers, like nodes, play a vital role in maintaining the network's security and are compensated with rewards and transaction fees.
What is the supply schedule for Core(Core)?
Following a strict hard cap of 2.1 billion tokens, CORE adopts Bitcoin's absolute scarcity principle, providing resistance to inflation. The block rewards for CORE are designed to be distributed over an 81-year period to incentivize network participation sustainably.
Annual Reward Adjustment: Each year, block rewards decrease by 3.6%, extending the emissions schedule and maintaining a deflationary pressure.
- Node Mining: Distributed over 81 years; each year, blockrewards decrease by 3.6% over the last
- Users: 75.16% TGE. All unclaimed in contract isunlocked.Of the remainder(claimed): 25%released at TGE then vest monthly for 24months.
- Contributors: 0% vesting at TGE, 23 month cliff, 72 monthlinear vest
- Reserves: No vesting, fully unlocked on TGE
- Treasury: No vesting, fully unlocked on TGE
- Relayer Rewards: Distributed over 81 years
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Core (CORE) is a decentralized network designed to be compatible with the Ethereum Virtual Machine (EVM) as an L1 blockchain. As such, it can run Ethereum smart contracts and decentralized applications (dApps). The Core network is supported by the "Satoshi Plus" consensus mechanism, which combines Bitcoin's Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to secure the network. Specifically, Bitcoin's computational power ensures decentralization, while DPoS and the leader election mechanism guarantee scalability, maintaining overall network security and addressing the trilemma of blockchain. By creating dApps on the Core blockchain and bringing value to the ecosystem, developers will receive S-Prize tokens (Satoshi Prize). The protocol operates through a decentralized autonomous organization (DAO) to achieve decentralization, with the organization controlling transaction fees and governance parameters, proposing upgrades, suggesting development proposals, and voting on them.
The mainnet went live in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), with Core DAO responsible for the development of the Satoshi Plus ecosystem.