Since its launch in January 2023, Core DAO has rapidly established itself as a leading player in the bitcoin-focused blockchain space. Founded by an anonymous developer team, the platform has attracted attention with its innovations and unique technical solutions.
Community Growth and Market Presence
Core DAO's community showcases phenomenal achievements both in terms of participant numbers and market weight. The platform boasts over 2 million XTwitter followers and 270,000 Discord members, with over 5 million active wallets. According to the project data, a total of 343 million on-chain transactions have been processed, leading to nearly $900 million in Total Value Locked. Core DAO's market capitalization is approaching $800 million, down from $3 billion in April 2024.
Technical Infrastructure and Innovation
Core DAO stands out with its approach to blockchain consensus using the Satoshi Plus mechanism, combining capabilities of Bitcoin and Ethereum. Instead of traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms, the project implements Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS), ensuring reliable network protection and excellent scalability.
CORE Token Analysis
The CORE token serves as the backbone of the ecosystem, acting as a payment for transaction fees, participating in the staking mechanism, and governance voting. The token distribution model is inspired by Bitcoin, with a maximum issuance of 21 billion CORE tokens. Its unique deflationary mechanism is secured by burning part of the transaction fee, managed by DAO governance.
Core DAO represents a significant innovation in the blockchain industry by combining Bitcoin security with smart contract functionality. However, interested investors should carefully assess the opportunities and risks associated with investing in the platform.
