Core DAO Airdrop: Top Facts You Need to Know

Key points about Core DAO ahead of the upcoming airdrop scheduled for Feb. 8. Read on to find out what exactly the Core DAO is.

Top Facts About Core DAO Ahead of the Upcoming Airdrop

Core DAO network is preparing to launch the CORE airdrop to eligible users on Feb. 8. The protocol has also stopped linking Core withdrawal addresses on the Satoshi application, complying with its documentation to process users’ data on Feb. 6.

According to the documentation, the first processing time will be on February 6th, while the second will be on May 15. During this period, the system will review the linked withdrawal addresses for abnormalities, finalize the data sent to Core DAO, and deploy a smart contract where users will claim their CORE coins.

While we await claiming of CORE airdrop by eligible users who have linked their withdrawal addresses before the given date, here are a few things you need to note about the Core DAO blockchain:

• Core DAO is a decentralized organization developing the Satoshi Plus ecosystem. The protocol is backed by its native $CORE coin.

• $CORE will power all activities on the Core chain.

• $Core has yet to be listed but is supported by numerous Centralized Exchanges (CEX), including MEXC, Huobi, and more. Further, its listing is around the corner with the upcoming Core airdrop on February 8.

• The Satoshi Plus consensus platform will distribute 525,600,000 $CORE, representing 25% of the total supply of CORE to eligible users.

• The Core chain combines the Satoshi Plus consensus mechanism and the Ethereum Virtual Machine (EVM).

• The mechanism incorporates Bitcoin’s Proof of Work (PoW) and Ethereum’s Delegated Proof of Stake (DPoS) models to provide decentralization, scalability, and security.

• When protocols build on the Core chain, developers that add value to the Core ecosystem will start receiving rewards in S-Prize token.

• The Core S-Prize token, also called Satoshi Prize, will reward developers who create valuable Decentralized Applications (dApp)for Core users. Hence, users would benefit from top-notch protocols as developers are rewarded.

As per Core DAO’s official announcement, the launch of its mainnet would enable Bitcoin’s soundness, security and decentralization to meet the interoperability, composability, and scalability of Ethereum blockchain.

Core DAO is getting much support from all over the world, as at the time of writing this line, a total number of Satoshi BTCs miners reach 10 million with 47 million apps downloaded. And several crypto projects are already eyeing to build on the Satoshi Plus consensus. However, it takes a lot of conviction and patience to concentrate on the core blockchain components. Due to the lengthy process involved, the Core’s adventure is just beginning with this launch.

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