circulating supply of around 1.5 million tokens as of February 2023.
The tokenomics of CoreDAO are designed to ensure a fair and equitable distribution of tokens among the community members. The initial token distribution was done through a community-driven distribution model. Users could earn tickets by participating in community activities like staking, providing s https://rik88.bet/ https://1go88.vip/ liquidity, and participating in governance decisions.
The CoreDAO team has also implemented a token-burning mechanism to reduce the total supply of CORE over time. When a user uses CORE to pay transaction fees or participate in governance decisions, a portion of the token is burned, which reduces the total supply of CORE in circulation.
39.995% is allocated to node mining to reward miners and other participants for securing the network, with node rewards distributed over an 81-year period.
25.029% of the budget is set aside for community airdrops.
15% is set aside to reward past, present, and future core contributors.
10% is set aside as a reserve to be used later.
DAO receives 9.5% of the funds needed to build the ecosystem.
0.476% is allocated as relayer rewards, and relayers, like nodes, must be compensated for the services they provide to the chain’s security.
After Bitcoin block rewards cease in 2040, the Core DAO network will most likely provide additional rewards for Bitcoin miners