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CoreDAO is a decentralized autonomous organization built on the Ethereum blockchain. It aims to create a sustainable and community-driven ecosystem for the cryptocurrency market. In this article, we will provide an in-depth analysis of CoreDAO’s tokenomics, ecosystem features, and the benefits of investing in its native token, CORE.
Tokenomics of CoreDAO
The CORE token is the native cryptocurrency of the CoreDAO ecosystem. It was launched in August 2021 and is based on the ERC-20 standard. The token is used to facilitate transactions o https://sportundnews.de/
https://zonecrypto.fr/and payments within the ecosystem, as well as for governance and voting rights. The total supply of CORE is capped at 10 million tokens, with a circulating supply of around 1.5 million tokens as of February 2023.
The tokenomics of CoreDAO are designed to ensure a fair and equitable distribution of tokens among the community members. The initial token distribution was done through a community-driven distribution model. Users could earn tickets by participating in community activities like staking, providing liquidity, and participating in governance decisions.
The CoreDAO team has also implemented a token-burning mechanism to reduce the total supply of CORE over time. When a user uses CORE to pay transaction fees or participate in governance decisions, a portion of the token is burned, which reduces the total supply of CORE in circulation.
39.995% is allocated to node mining to reward miners and other participants for securing the network, with node rewards distributed over an 81-year period.
25.029% of the budget is set aside for community airdrops.
15% is set aside to reward past, present, and future core contributors.
10% is set aside as a reserve to be used later.
DAO receives 9.5% of the funds needed to build the ecosystem.
0.476% is allocated as relayer rew