Tokenomics
Why does $CORE not have inflation?
The CORE team discovered the flaws of many yield farming tokens by analyzing its minting process. Most of these token's yield incentives are based on inflation. They distribute their newly minted tokens to the LP holders. This process does not have great long term effects on the token price.
CORE is using a deflationary farming process, by attaching a 1% fee to any transfer of the CORE token. This allows the stakers to earn Yield without the protocol having to mint new tokens.
What is the cap of the $CORE token?
The max supply of CORE is 10,000. There is absolutely no way to create new CORE tokens, which means the circulating supply can only ever go down.
Does the $CORE token have any burn?
No not at at this time - however it can be proposed through Governance.
How does $CORE enter into circulation?
During the Liquidity Generation Event all 10,000 CORE that will ever exist were minted and placed together with the Ethereum raised into the Uniswap liquidity pool.
Last modified 2yr ago