The Core DAO community was ecstatic when the mainnet finally went live. This was a major milestone in the development of the decentralized organization, which is now running an open network that allows connectivity from external sources. With the mainnet finally live, many participants who had been mining $CORE tokens were looking forward to selling their holdings and realizing significant profits from their efforts.
However, the actual trading of the $CORE token on centralized exchanges (CEXs) has not yet begun. Despite this, the team behind Core DAO has declared that the first Airdrop will occur on February 8, 2023. As a result, a number of exchanges have declared that they will start trading the CORE token on that same day.
Uniswap V3: Trading CORE Before the Rest
Despite the delay in trading on centralized exchanges, Uniswap V3 has been trading $CORE for several weeks now. However, the trading volume has been relatively low, given the popularity of the token and when the mainnet was launched. Despite the low trading volume, it’s worth noting that Uniswap V3 is currently the most popular exchange for trading CORE.
Price Prediction for Core DAO
The price of CORE DAO has seen a dip of 13.51% over the past week, but it has been showing signs of recovery. Our price prediction for tomorrow is based on machine learning methods that take into account past price history. Currently, the price of CORE DAO is $1.0822, which represents a 3.07% increase from yesterday.
Nomics, a market activity monitor that tracks CORE DAO across multiple exchanges, predicts that after the Airdrop, the price of $CORE DAO will surge by more than 1000%. This would make it one of the top cryptocurrencies in 2023.
Price History of Core DAO (Past 7 Days)
Nomics uses information from three exchanges to calculate the current price of CORE DAO. The data used in their calculations is based on market activity and is updated in real-time. As a result, their predictions provide a useful insight into the future price movements of the token.
What is Core DAO?
Core DAO is the official decentralized organization behind the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchain technology and the crypto ecosystem as a whole, Core DAO is dedicated to shaping the future of decentralized organizations.
Core DAO ($CORE) total supply and circulating supply
Core DAO Tokenomics and CORE token burn explained
The tokenomics of Core DAO ($CORE) is designed to be highly decentralized, as per its whitepaper. The current token distribution of CORE stands as follows, as of February 2023:
Token Allocation for CORE DAO
The maximum and total supply of Core DAO Coin ($CORE) is 2.1 billion, with a total of 2,100,000,000 or 8 zeroes after 21. The distribution of the tokens is as follows:
- Node Mining (39.995% of the total supply, 839,900,000 CORE tokens):
Miner and staker compensation for securing the network, distributed over a prolonged period (~81 years) and through transaction fees.
- Users (25.029% of the total supply, 525,600,000 CORE tokens):
Airdropped tokens allocated to millions of decentralized users, designed to be user-centered.
- Contributors (15% of the total supply, 315,000,000 CORE tokens):
Compensation for past, present, and future Core contributors.
- Reserves (10% of the total supply, 210,000,000 CORE tokens):
A reserve that may be used over time to capitalize the foundation without centralizing the token supply.
- Treasury (9.5% of the total supply, 199,500,000 CORE tokens):
Funds for building out the ecosystem, held by the DAO.
- Relayer Rewards (0.476% of the total supply, 10,000,000 CORE tokens):
Compensation for relayers, who provide security to the chain, through transaction fees.
Satoshi Mining App
The features outlined above are merely a few of the numerous contributions from the knowledgeable Core DAO Community. Their broad range of products enhances the usefulness of the $CORE token and demonstrates the potential for a dynamic community to propel the Core DAO Token to greater heights.
In conclusion, the launch of the Core DAO mainnet was a significant event in the world of cryptocurrencies. Despite the delay in trading CORE on centralized exchanges, Uniswap V3 has been trading the token for several weeks. The price of CORE DAO has seen a dip over the past week, but our predictions, based on market data and machine learning methods, suggest that the token will experience a surge in price after the Airdrop. With its commitment to shaping the future of decentralized organizations, Core DAO is a token worth keeping an eye on in 2023.