CORE
Following Bitcoin’s sound money model, CORE’s supply has a hard cap of 2.1 billion tokens. On top of the hard cap, a percentage of all block rewards and transaction fees will be burned similar to Ethereum’s “Ultra Sound Money” model. The exact percentage to be burned will be determined by the DAO.
In effect, CORE will asymptotically approach the total of 2.1 billion tokens but never fully reach it, similar to Avalanche’s tokenomics model.
The block rewards for CORE will be paid out over an 81 year period. This longer period increases the likelihood of the success of the chain by fully incentivizing all network participants before transitioning to compensation purely by transaction fees. This additional block reward in the form of CORE can also be thought of as a way for existing BTC miners to continue receiving subsidies after the Bitcoin block rewards are stopped (around 2040) by becoming validators on the Core network leveraging their existing hash power.
Last modified 1yr ago