πͺCORE Utility and Trade2Earn
What is $CORE?
$CORE is the native token of Core Markets that is key to the platform's adoption and community ownership. As participants trade on Core Markets, they accumulate $CORE, which can then be staked. By staking $CORE, users are entitled to a proportional share of the platform's profit and additional $CORE emissions.
Introducing Trade2Earn
With the innovative Trade2Earn program, Core Markets redefines how rewards are distributed, ensuring traders and stakers directly benefit from their activities. Unlike traditional platforms where liquidity providers (LPs) receive the primary incentives, Core Markets eliminates LPs from the equation, directing Trade2Earn rewards straight to the traders and stakers. These rewards, paid out in $CORE, correlate with the volume and, in the future, profitability (PnL) of a user's trades, as well as the proportion of $CORE staked by the user. Moreover, Core stakers and traders will split 100% of the Blast Points and Blast Gold accrued by Core, indefinitely. $CORE emissions are set to run over two years, gradually releasing all tokens into circulation.
Note: The Trade2Earn system distributes rewards on a daily basis, allowing traders to claim their earnings every day.
Note: To prevent rewards farming via wash trading, the USDC / USDT is excluded from receiving any Trade2Earn rewards.
Community Ownership at Core
Indeed, Core is community-driven, with users having the ability to stake their $CORE, whether earned or bought, to gain 'real yield' in the form of USDB. This yield is directly linked to Core's profit, of which 100% is distributed to $CORE stakers on a pro-rata basis. Furthermore, as Core evolves towards a decentralized autonomous organization (DAO), the staked version of $CORE will serve as the primary mechanism for governance, enabling stakeholders to have a say in the platform's future direction and decisions.
Note: Note: Total revenue (fees) are subject to service fees from IntentX (15%) and SYMMIO (40%). Any present and future $BLAST incentives are not subject to fees and will be 100% distributed to CORE platform users.
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