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Information

Data from
Issue Time
1970/01/01
Initial Price
US $ 0.46848307
Circulation/Max
158.64M/2.10B
Dominance
0.00%
ROI --%
$0.46848307$6.46823971
Low · 2023/09/132023/09/13 · High

Information

What is the description of the coin?

CVault.finance is a decentralized finance protocol featuring a deflationary governance token called CORE. Users can stake CORE and participate in yield farming. The platform plans to introduce "Automated Strategy Vaults" for the automatic execution of profit-generating strategies. cVault.finance aims to achieve complete decentralization and boasts a strong and involved governance model in DeFi. CORE token holders vote as a community to implement changes to the protocol, such as creating new liquidity pools or eliminating existing ones. The platform launched on the Ethereum mainnet in September 2020, with CORE debuting on Uniswap seven days later.

Answers

What Is Core (CORE)?

Core (CORE) is an L1 blockchain compatible with Ethereum Virtual Machine (EVM) that can run Ethereum smart contracts and decentralized applications (dApps). The Core network is powered by the Satoshi Plus consensus mechanism, which combines delegated Bitcoin mining hash and delegated Proof-of-Stake (DPoS) to secure the network. The protocol is supported by its native token, CORE.

The project aims to create an infrastructure that operates at the core of web 3.0, offering innovative solutions to the blockchain trilemma.

The mainnet was launched in January 2023. The blockchain is governed by a decentralized autonomous organization (DAO), with the Core DAO responsible for the development of the Satoshi Plus ecosystem.

Who Are the Founders of Core?

According to official Core accounts, CoreDAO is a global team of contributors who share a vision and passion for a better web 3.0. They contribute to the growth of the Satoshi Plus ecosystem through blockchain technology. The project has a large number of supporters, with about 1.6 million Twitter followers and over 74,000 Telegram followers. However, the identities of the creators, contributors, and developers remain undisclosed to the public.

What Makes Core (CORE) Unique?

Core utilizes the Satoshi Plus consensus mechanism, combining Bitcoin's Proof-of-Work (PoW) and Ethereum's Delegated Proof-of-Stake (DPoS). This combination allows the network to achieve decentralization and scalability, addressing the challenges of the blockchain trilemma.

Core provides the composability of an EVM chain, enabling the management of smart contracts and dApps. Developers are rewarded with S-Prize tokens (Satoshi Prize) for creating dApps on the Core blockchain and adding value to the ecosystem.

The protocol embraces decentralization through a decentralized autonomous organization (DAO) that controls transaction fees, governance parameters, proposes upgrades, makes development proposals, and votes on proposals.

How Many Core (CORE) Coins Are There in Circulation?

CORE is the utility and governance token of the Core network, with a maximum supply of 2.1 billion coins. It follows the scarcity principle of value, similar to Bitcoin's hard cap.

The developers will implement a burn model inspired by Ethereum's "Ultra Sound Money", where a certain percentage of rewards and fees will be determined by the Core DAO and burnt.

The total supply of CORE is distributed into six categories: 39.995% to node mining; 25.029% to Core users; 15% to contributors; 10% to reserves; 0.476% to relayer rewards; and 9.5% to the treasury.

How Is the Core Network Secured?

The Core blockchain utilizes the Satoshi Plus consensus mechanism, which combines Bitcoin's Proof-of-Work (PoW) framework with a modified Proof-of-Stake (PoS) mechanism known as delegated Proof-of-Stake (DPoS).

In addition, the network undergoes audits by CertiK, a firm specializing in web 3.0 security, blockchain protocol monitoring, and crypto audits.

Where Can You Buy Core (CORE)?

Core (CORE) is listed on various cryptocurrency exchanges such as Huobi, OKX, Gate.io, Bybit, Poloniex, and others. Users can purchase CORE tokens and trade them with USDT pairs.

To stay updated with CORE prices in real-time, download the CMC mobile app.