CORE

Overview of CORE

The cVault.finance, short-named as CORE, is a type of DeFi cryptocurrency that was established in 2020 by an anonymous team. As a token, it operates on the Ethereum platform and can be stored in any ERC20-compatible wallet, with options including MetaMask and WalletConnect. The unique aspect of CORE is its governance model which is built on a concept that token holders should benefit directly from network usage.

Pros and Cons

What Makes CORE Unique？

The primary innovation of the CORE token lies in its unique governance model. Unlike many cryptocurrencies, CORE's model is designed so that token holders are directly benefited from the network usage. This can foster a more engaged community as token owners can take an active part in network governance decisions.

Like other ERC20 tokens, the CORE token's operation is dependent on the Ethereum network's stability, which stands as a common factor across all tokens of its type.

How Does CORE Work？

The CORE token operates on the Ethereum blockchain, as an ERC20 token. It specifically uses a decentralized finance (DeFi) framework, creating a financial ecosystem that allows for various activities like trading, lending, and borrowing, among others.

The key feature of CORE's operation is its unique governance model. The token holders benefit directly from the network usage, effectively engaging in decisions impacting the network. This is a departure from common governance models, where profits are usually reinvested into the network or distributed to a subset of individuals or entities.

Exchanges to Buy CORE

The CORE token is supported by 2 exchanges:

Uniswap is a decentralized exchange (DEX) that allows users to trade Ethereum-based tokens without the need for an intermediary. Uniswap is a great option for buying CORE because it is a non-custodial exchange, which means that you always have control of your private keys. Additionally, Uniswap offers low fees and high liquidity for CORE.

ExMarkets is a centralized exchange (CEX) that offers a variety of trading pairs, including CORE. ExMarkets is a good option for buying CORE if you are looking for a user-friendly exchange with a wide range of features. However, it is important to note that CEXs are custodial exchanges, which means that you will need to trust the exchange with your private keys.

How to Store CORE？

Storing the CORE token is similar to storing any ERC-20 token since CORE operates on the Ethereum platform. It's critical to choose a suitable wallet that increases security and ease of access.

Here are the types of wallets you can use and some examples of each:

Web Wallets: Web wallets can be accessed through a browser. They provide easy access but are less secure than other types of wallets because they are always connected to the internet. MetaMask is a prominent web wallet that supports CORE.

Hardware Wallets: These are the most secure form of crypto wallets. They store your private keys offline on a physical device, keeping them safe from online threats. Ledger and Trezor are examples of hardware wallets that support ERC20 tokens.

How to Earn CORE？

There are several ways to earn CORE tokens:

1. Staking CORE: Staking CORE is the most straightforward way to earn passive income. To stake CORE, you will need to hold CORE tokens in a compatible wallet and connect it to a staking pool. Staking pools are operated by validators who maintain the CORE network. In return for staking your CORE tokens, you will receive a portion of the rewards generated by the validator.

2. Providing liquidity to DEXs: You can also earn CORE tokens by providing liquidity to decentralized exchanges (DEXs) such as Uniswap. When you provide liquidity to a DEX, you are essentially depositing CORE tokens and another cryptocurrency (e.g., ETH) into a pool. Users can then trade between these two cryptocurrencies, and you will earn a portion of the fees generated by these trades.

3. Participating in liquidity mining: Some DEXs offer liquidity mining rewards for providing liquidity to specific pools. These rewards are typically paid out in the form of CORE tokens. To participate in liquidity mining, you will need to lock up your CORE tokens for a specified period of time.

FAQs

Q: How can CORE be securely stored？

A: CORE, being an ERC20 token, can be stored in any ERC20-compatible wallet, with options spanning across web, mobile, desktop, hardware, and paper wallets.

Q: Where can traders buy CORE？

A: CORE is available on Uniswap and ExMarkets.