πͺCORE Distribution and Release
Last updated
Last updated
The total supply of $CORE tokens will be 100,000,000 (100M).
Core Markets completed our TGE in March 2024 - the $CORE token is now live!
13,750,000 $CORE were reserved for the LBP and seeding the initial DEX LP on Thruster.
Note: This 13.75M allocation will not be vested and is included in the initial circulating supply.
8,750,000 $CORE were reserved for the seed round - 20% of which was unlocked at the TGE and the remainder vested linearly over two months.
5,000,000 total $CORE (2.5M each) will be airdropped to Based Markets and IntentX tokens and points holders respectively.
Note: This 5M allocation will not be vested and is included in the initial circulating supply.
10,000,000 $CORE will be reserved for the treasury. This allocation is meant to serve the Core Markets ecosystem through things like partnerships, marketing spend, development work, etc. Initially, treasury funds will be used at the discretion of the team, however this will transition to a DAO over time.
Note: This 10M allocation will not be vested and is included in the initial circulating supply.
42,500,000 $CORE will be reserved for Trade2Earn and Staking incentives. These tokens will be emitted daily as follows:
Daily emissions will be equivalent to daily revenue at the current market price of $CORE
CORE will be staked for xCORE at the current backing ratio
This xCORE will be emitted 70% to traders (subject staking multipliers) and 30% to stakers (subject to volume multipliers)
Unstaking xCORE to $CORE will incur a flat 2.5% exit fee which is then burned from total supply.
For more information on emissions, please refer to CORE Tokenomics V2.
Note: Trade2Earn incentives will only last until all 42.5M $CORE are exhausted.
20,000,000 $CORE will be reserved for the Core Markets Team.
Note: These tokens will vest linearly over one year.
Although emissions are dynamic, we estimate that all tokens will be emitted over a 25 month period subsequent to TGE.