Author/CoreDAO, compiler/CoreDAO Metaverse Public Welfare Community
Information about CORE airdrops, as mentioned in "3D Blockchain", "Airdrop Incoming Materials", and "Mainnet Active" (see the chapter related to CoreDAO metaverse accounts in "Today's Headlines"), this article synthesizes this information and provides further details.
BASED ON THE INITIAL ALLOCATION OF CORE TOKENS, USERS OF THE CORE NETWORK WILL RECEIVE 525,600,000 CORES VIA AIRDROP, WHICH CONSTITUTES 25.029% OF THE TOTAL (HARD-CAPPED) CORE TOKEN SUPPLY.
The recipients of the airdrop are qualified users of the Satoshi APP who have mined in-app rewards (formerly known as BTCs). These qualified Satoshi app users will receive CORE as one of the advantages of their in-app mining performance.
UNLOCKING OF CORE
As stated in Mainnet Active, 25% of the amount of CORE tokens that will be airdropped will be made available to users at the start of the airdrop, with the remaining 75% set to be unlocked monthly for two years. When 25% of the tokens that have been airdropped have network functions (such as sending, receiving, or interacting with smart contracts), while locking the remaining 75% of the locked tokens for the start of two years, the locked core tokens will not be available, such as delegated staking.
To coordinate the interests of contributors and users, contributors' tokens will also be awarded. Contributors' tokens will be granted for a period of 4 years (once a month, locked for 1 year).
Also, note that the early validator + staking rewards earned by the DAO will be burned later.
Validity of distribution
Airdrops will only be executed through decentralized smart contract code. When designing and auditing these smart contracts, user security is prioritized through decentralized and comprehensive security checks. Therefore, auditing the security of the code requires serious consideration by many of the most respected people in the blockchain world, and airdrops can take up to 60 days to begin when it comes to security and decentralization over speed.
Next steps
Satoshi APP users who are eligible for airdrop will receive guidance information in the app. To receive the airdropped CORE, they bind their public key address to the Satoshi app account. When user data is written to the airdrop smart contract, a small amount of CORE is sent to the user to pay for subsequent transaction fees.
More details will be available in the Satoshi App.
disclaimer
The terms and details contained in this Agreement are subject to change at any time with or without notice. There is no guarantee that any network-related project will occur as described or not at all. Similarly, there is no assurance that the network or any network-related items will operate as described, without significant downtime or without adverse consequences, or at all. Core, all related parties and affiliates disclaim any and all potential liability for any such failures, adverse events or any other related events.
The airdrop is intended only for persons outside of the United States, Canada and non-OFAC sanctioned countries and is subject to all applicable local laws, rules and regulations in the applicable jurisdiction. Each receiving party shall determine applicable laws, rules and regulations and shall make all necessary efforts to comply with all such obligations. Core and its affiliates do not represent the legal status of air carriage in any jurisdiction and this air carriage is void where prohibited. In addition, nothing in this post should be construed as advice of any kind, including legal, business or tax advice. Air freight does not constitute an offer to sell or an offer to buy any investment.