Launched in January 2023, Core DAO quickly established itself as a leader in the Bitcoin-focused blockchain space. Created by an anonymous team of developers, it has garnered significant attention by uniquely combining Bitcoin's security with smart contract functionality.
Community Growth and Market Presence
Core DAO has shown impressive growth since its inception, building one of the most engaged communities in the crypto space. As of now: - Over 2 million XTwitter followers - Nearly 270,000 Discord members - 5 million active wallets - 343 million on-chain transactions processed - Close to $900 million in Total Value Locked (TVL) - Market capitalization of approximately $800 million.
Technical Infrastructure and Innovation
Core DAO distinguishes itself with its Satoshi Plus Consensus Mechanism, combining:
**Delegated Proof of Work (DPoW):** - Leverages Bitcoin mining pools for security
**Delegated Proof of Stake (DPoS):** - Enables superior network scalability - Supports 175 million delegated CORE tokens.
CORE Token Analysis
The CORE token serves three primary functions: 1. Gas payment for network transactions 2. Staking mechanism 3. Governance participation.
**Supply Distribution:** Maximum supply of 21 billion CORE tokens, inspired by Bitcoin, released over 81 years. Features deflationary mechanics through transaction fee burning.
Core DAO successfully combines Bitcoin's security with smart contract functionality. Its growth metrics and strong community engagement suggest potential undervaluation. Investors should consider both opportunities and risks amidst market dynamics.
