Core (CORE)

From CryptoWiki

EVM L2 for Bitcoin

Basics

History

Audits & Exploits

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

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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