Recently, the mobile mining public chain Core DAO has attracted widespread attention due to its airdrop activities. According to the official introduction, the Core token airdrop was launched on February 8, and users of the CORE network will receive 525.6 million CORE tokens through the airdrop. Currently, 4.1 billion people have received CORE airdrops. How should investors participate in this Core DAO airdrop?
What is Core?
According to the official introduction, Core DAO is the official decentralized organization developing the SATOSHI PLUS ecosystem. Core DAO is building WEB3 infrastructure and promoting public blockchains based on Bitcoin PoW and Ethereum EVM. Core is a Turing-complete blockchain powered by the new consensus mechanism Satoshi Plus.
The Satoshi Plus consensus mechanism uses a protocol-driven validator election mechanism, combining the best features of Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to ensure maximum security, scalability and decentralization. Core DAO's mainnet was just announced in January. According to the announcement, the Core network aims to maintain the Bitcoin network by serving as the second BTC block reward. When the Bitcoin block reward dries up in 2040, Core The network will provide rewards to Bitcoin miners.
Core DAO launches mainnet airdrop and becomes popular
Core DAO officially announced the launch of the airdrop event on February 8. Its airdrop announcement last month stated: Based on the initial allocation of CORE tokens, users of the CORE network will receive 525.6 million CORE tokens through airdrops, accounting for 25.029% of the total supply of CORE tokens.
Recipients of airdrops: Recipients of airdrops are qualified users who mine in-app rewards on the Satoshi Mining APP. The announcement mentioned that Satoshi Mining APP users who are eligible for the airdrop will receive instructions in the APP. In order to receive the airdropped CORE tokens, they need to bind their public key address to the Satoshi Mining APP account.
According to the Satoshi Mining APP, the number of CORE tokens airdropped has reached 10.57 billion, and the number of people claiming it has reached 4.1 billion.
Core Token Unlocked
As explained in "Mainnet is Live," 25% of the amount of CORE tokens to be airdropped will be made available to users at the start of the airdrop, with the remaining 75% unlocked monthly over two years. The two-year period begins when the first 25% of tokens are airdropped/unlocked. Locked CORE tokens will not be able to support network functions such as sending, receiving, or interacting with smart contracts for activities such as staking.
To align the interests of contributors and users, contributors’ tokens will also vest. Contributors’ tokens will vest over 4 years (locked monthly for 1 year). Also note that early validator + staking rewards earned by the DAO will be destroyed later.
Distribution time and efficiency of Core airdrop
The airdrop will be executed by a decentralized smart contract executed only by code. When designing and auditing these smart contracts, the top priority is ensuring user safety through decentralization and comprehensive security checks. Therefore, auditing the security of your code requires uncompromising careful consideration by many of the most respected people in the blockchain world. Where security and decentralization are prioritized over speed, airdrops can take up to 60 days to begin.
How can investors participate in the Core airdrop?
Before you start claiming your airdrop, make sure you have added the network to your MetaMask wallet. After successfully adding the Core network to your wallet, please go to the official homepage of Core DAO.
Step 1. Select the airdrop option: In the upper right corner, you can select the "Airdrop" option. This will open a sidebar where you must select your country of permanent residence. The website will automatically select the country associated with your IP. If the correct country is displayed, click the Confirm button to confirm.
If the automatically detected country is not your country of residence, use the drop-down menu next to the displayed country to view the entire list of countries and select your country of residence. After selecting the correct country, you will go directly to the next step.
Step 2. Connect Wallet: In the next step, you need to connect your wallet. Select the option shown, which is MetaMask Wallet. After selecting the MetaMask option, click the "Connect" button and you will connect your wallet to the page to claim your CORE tokens.
If you are not already on the core mainnet network, a window will pop up in your MetaMask wallet asking you to switch networks. Note that the snapshot was taken during the trial phase of Testnet - which to you should be Mainnet. If you are already connected to the core mainnet, just press the "Connect" button to confirm the connection to one side.
After that, you should jump directly to the Vesting Schedule view. Please make sure that the wallet address displayed is the same as the one linked in your Satoshi App account. You will then see your total CORE and how much is now available to claim. Click the "Declare" button to continue.
Note that the snapshot was taken during the trial phase of Testnet.
Step 3. Start enabling Core Airdrop: Before enabling Airdrop, each user will receive up to 0.1 CORE sent to their wallet to pay for gas fees. Please note that there may be network congestion while you are collecting your tokens. This is most likely due to a large number of users trying to claim the airdrop at the same time.