CoreDAO to Airdrop 25% Mined $CORE, Will List on Top CEX Today

CoreDAO Airdrop is one of the largest smart contract interactions of all time. Due to the sheer scale of the event, heavy network congestion is expected on February 8th. 25% $CORE coins ‘mined’ on the Satoshi app will be airdropped to users in a few days from now through a Decentralized Smart Contract. The remaining 75% will be airdropped to users on a monthly basis within a two years venting period.

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.

Core DAO released a Twitter thread explaining the nature of the Core airdrop distribution. Users were advised to be aware of unauthorized $CORE tokens created on several sites using the Satoshi Plus consensus protocol. The company claimed that scammers will be able to con Core aficionados using the airdrop. Users are advised to consult Core DAO’s official sources for further information regarding the airdrop in order to prevent frauds as the Core mainnet is now operational.

Time for a look into the current state of mainnet, market formation, and safety ??

— Core DAO (@Coredao_Org) February 7, 2023

Although the airdrop will increase $CORE liquidity, market volatility is unavoidable. Top-tier market makers and exchanges support legal early market $CORE formation in order to control market challenges.

Secret to Core’s success is Satoshi Plus Consensus which starts with the efficient PoW algorithm that Bitcoin uses. Each transaction is validated by having miners Delegate all of their Hash to a preferred Validator, thereby creating proper decentralization, secured and reliable ledger. Another essential mechanism is the DPoS system, all CORE holders can delegate their asset to a validator, so even those with a small number of tokens can vote to validate transactions.

This enhances decentralization and makes the system much more scalable. To combine PoW and DPoS, Core starts with a pool of validators who have both hash power and staked tokens. They then pick a blend of these validators with an algorithm designed to select an efficient mix of both mechanisms. The result is high transaction rate that can maintain optimal security and decentralization

Apparently, February 8th at 12 PM UTC is the scheduled time for the $CORE airdrop. The team has released information on the airdrop, including crucial mainnet information for the community, ahead of the significant development milestone.

The liquid $CORE markets will open around the same time as the Feb 8th airdrop. In the coming days, $CORE transactions from Core DAO’s public reserve multi-sig will be executed to get CORE tokens to partner market makers so that liquid markets exist when the airdrop occurs, .“Having legitimate $CORE token markets available when the airdrop occurs will allow for safer, faster, and more accessible trading for Core users.”Users can start staking when the airdrop is over to take part in the network’s growth.

Core Price Predictions

Many received 0.1 Core which serve as gas fees from Core mainnet to Metamask or Trust wallet, going by the price shown on Metamask ($6000/1 Core) there is price speculations among Core miners, some sees it as a glitch while others opines its going to start with a price from $6000.

As Centralized Exchanges; Huobi, MEXC Global, BKEX, Bybit and others plan to list CORE today, the real price value of the token will become visible.