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Core DAO is a decentralized autonomous organization that manages the CORE ecosystem, a digital asset protocol for storing and trading value on the Ethereum network. Core DAO has a governance token that allows its holders to participate in decision-making and control the parameters of the cLEND lending product.
*Core DAO Key Features:*
- *L1 Blockchain Network*: Core DAO uses an L1 blockchain compatible with the Ethereum Virtual Machine (EVM), enabling developers to create decentralized applications (dApps) and smart contracts.
- *Satoshi Plus Consensus Mechanism*: Core DAO uses a combination of Bitcoin's Proof-of-Work (PoW) and Delegated Proof-of-Stake (DPoS) to validate transactions and secure the network.
- *CORE Token*: The CORE token is used to pay transaction fees, staking, and network governance.
- *Bitcoin Staking*: Core DAO allows users to stake Bitcoin and earn rewards in CORE tokens. ¹ ² ³
*Core DAO Statistics:*
- *Price*: $0.8737 (up 15.7% in 24 hours)
- *Market Capitalization*: $75.26 million
- *24-Hour Trading Volume*: $6.49 million
- *Total Supply*: 2.1 billion CORE tokens ⁴
Core DAO aims to increase Bitcoin's utility in the decentralized finance space by integrating smart contract capabilities and other blockchain features.$CORE $BTC
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