Core DAO could give simple stakers an opportuity the rewards behind Bitcoin miners!
Earning with Core DAO Stake
The Core DAO mainnet is fast approaching. With audits in the rearview mirror, NFT projects selling out presale, and the testnet mining complete, the situation is primed and the community is ready.
Here we will take a quick look at how to earn passive income by holding and staking Core tokens once the mainnet launches. The unique downline opportunities coming for simple Core token stakers are a potentially game-changing opportunity for passive income!
Stake $CORE and Earn Rewards
All holders of the Core token will have the chance to stake their respective $CORE in the Satoshi app. Aside from likely earning a small annual percentage yield (APY), $CORE holders can earn by staking. It doesn’t matter how much $CORE a user holds, they can participate and stake.
$CORE holders can earn by staking through a process called Delegated Proof of Stake. Combining some of the best concepts behind Ethereum Post-Merge, $CORE stakers can delegate their staked holdings to validators. By delegating these holdings, users disperse the incentives and rewards earned by validators. Validators choose how much to reward the stakers and are incentivized to make it worthwhile.
Under this relationship, delegated validators can work towards consensus with greater capacity. This further democratizes the overall consensus mechanism of the Core blockchain while providing rewards to stakers down the line.
The rewards earned by validators by working to confirm the consensus mechanism are distributed back to staked $CORE holders as a reward for delegating their holdings. It’s basically a reward for loaning out your $CORE to be used to facilitate the consensus mechanism of the chain.
One of the most notable features is that with the way that Core DAO has set up the tech of the mainnet, CORE validators can work with Bitcoin miners to share collective hash power and rewards. Combine with the project’s long-term vision to work closely with Bitcoin miners, the potential huge downline rewards for simple $CORE stakers are huge.
The Core DAO is still in testnet mode, but the time is coming for the next step. The mainnet update will bring an innovative Delegated Proof of Stake opportunity for users of all price ranges with the flexibility of $CORE staking opportunities.
The Satoshi app is currently available on Android. Users can download it today!
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
