- EVM-compatible blockchain Core DAO’s native token CORE is made available to users.
- CORE price soared over 40% since its launch.
Today, a layer 1 blockchain Core DAO publicly launched its first-ever Airdrop for its native token CORE. Also, the token was made available to users with an opening price of $4.27. At the time of writing, CORE traded at $5.95, which surged over 40% in just half an hour of its launch, as per CoinGecko data.
Social media has been flooded with Core DAO since it debuted its mainnet on January 14, 2023. Also, the token is listed on prominent exchanges such as Binance, OKX, MEXC, Huobi Global, BitMart, and more.
Core DAO holders and miners can use the feature to transfer their tokens to a supported cryptocurrency wallet like Metamask by adding a CORE wallet address on the Satoshi App. The layer 1 blockchain stated in a tweet that users need a small amount of CORE in their wallet to claim airdrop.
The Concept of Core DAO
CORE DAO was built as an L1 chain. That is compatible with Ethereum Virtual Machine (EVM) and secured by its “Satoshi Plus” consensus mechanism. Additionally, the consensus process utilizes a protocol-driven validator election mechanism to integrate Bitcoin’s Proof of Work (PoW) and Delegated Proof of Stake (DPoS).
Also, CORE is designed to enable reliability, decentralization, security, interoperability, consistency, and scalability. Additionally, CORE’s supply complies with the sound money model of Bitcoin with a hard cap of 2.1 billion tokens. And similar to Avalanche’s tokenomics concept, CORE will asymptotically approach the total of 2.1 billion tokens but never attain it.
