Core (CORE)
Basics
- Based in:
- Started in / Announced on:
- Testnet release:
- Mainnet release: early 2023
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation & Inflation and burns
"The total supply of CORE is 2.1 billion tokens, with block rewards distributed over 81 years. CORE also has a minor deflationary burn mechanism aimed to counteract inflationary pressure. Additionally, block rewards decrease by 3.6% each year.
In Q2, 24.7 million CORE tokens were unlocked. 17.0 million tokens were unlocked for airdrop participants, 7.7 million tokens were unlocked for validator rewards, and 30,900 tokens were vested for relayers. Airdrops participants will be fully vested for 525.6 million CORE by January 2025."
Inflation
Utility
Fees, staking and voting.
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism: Satoshi Plus
- Algorithm:
- Virtual Machine: EVM
- Development language used:
Transaction Details
How it works
- From a commissioned Messari report (17-9-2024):
"The Core L2 (CORE) is differentiated by its Satoshi Plus consensus, EVM execution environment, Core DAO governance, and coreBTC bridge.
Satoshi Plus consensus involves staking and hash rate delegation from Bitcoin miners. Staking includes both the native CORE token and BTC. This combination of security resources results in a hybrid model that leverages Bitcoin mining, rewards Bitcoin miners, and still separates block production to mitigate censorship and MEV risks. Core DAO is the governing body of the network, powered by the CORE token. coreBTC is the enshrined Core-native bridged BTC, which allows users to access BTC liquidity in Core's fully expressive execution environment."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
- Revenue has been between $72.7k up to $263K (Q2 2024).
Usage
- From a commissioned Messari report (17-9-2024):
"Despite the broader market pullback, Core’s DeFi TVL (USD) increased by 1,032% QoQ to $76.4 million. Colend topped the leaderboard for DeFi TVL, and native DEXs such as CoreX and Glyph have overtaken multichain DEX SushiSwap."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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