The high returns brought by liquidity mining in 2020 made DeFi Summer ignite a big bull market in 2021. Pledge lending, AMM market making, DEX, GameFi, and Metaverse have exploded one after another, allowing the entire industry to see the future potential of the blockchain, and the prosperity of the public chain ecology has also brought more possibilities to the project. And when the market entered a bear market, the ecological construction on many public chains began to stagnate, and the chill spread to everyone in the industry for a while.
The innovative public chain CoreDAO brings bright spots to the industry
From being noticed by institutions to becoming a powerful partner of Ethereum, Layer 2 is the undoubted focus of these two years. Although the mainstream Layer 2 is still a part of the Ethereum ecosystem, in fact its role is not much different from that of the new public chain. People transfer assets to the new chain, and many DEX and lending applications are also developed on the Layer2 chain, but most of them change the chain and change the name. The homogenization of projects in the market at the functional level also shows from the side At present, blockchain application innovation is difficult.
In addition, it can also be seen that few teams pay attention to the innovation of the bottom layer of the blockchain, and the problem of the impossible triangle of the blockchain has been difficult to solve. For investors, seeking the underlying innovative public chain and actively participating in ecological projects has become an important direction for the next bull market.
CoreDAO launched this year is an innovative public chain worthy of attention. CoreDAO is a public chain based on the consensus mechanism of Stoshi Plus. The impossible triangle problem has always been a difficult problem in the blockchain industry. By integrating the BTC POW and ETH POS models to meet the requirements of security, scalability and decentralization, CoreDAO aims to become a high-consensus, high-reliability Blockchain infrastructure.
The CoreDAO block generation speed is 3-5 seconds, the confirmation speed is fast, and it can accommodate more transactions and support more transaction scenarios. The gas fee on the chain is very low, which further reduces the handling fee for user transactions and DApp interaction. CoreDAO supports EVM virtual machine, which is convenient for developers to deploy ecological applications on CoreDAO. In February this year, CoreDAO launched OKX, Huobi, etc., and the application ecology of CoreDAO also ushered in attention and development opportunities.
CoreDAOSwap reshape the DeFi ecosystem
DeFi is an important infrastructure of the blockchain, but it also faces the bottleneck of homogeneity and single function. For example, AMM Swap, DEX transactions, lending and NFT markets, etc., in the bull market, because there are enough users and liquidity, only providing a single function can also gain more adoption and attention. Uniswap can gain most of the market share by relying on AMM transactions. Similarly, OpenSea only provides users with an NFT trading platform, and AAVE, which is borrowed, can also gain attention due to market factors. In the bull market, the DeFi ecosystem tends to be modular to meet the market's demand for project types and facilitate speculation.
However, when the market turns bearish, such single-function projects often face severe challenges. First, there are many competing products leading to fierce competition. Second, a large number of users and liquidity in the market are lost, and demand plummets. It is difficult for a single-function ecological project to maintain the status quo, which leads to a significant reduction in TVL and popularity, which makes the project face the risk of being unsustainable.
In a bear market, DeFI projects should be rich in functions and provide one-stop platform services, so as to retain users to the maximum extent and support the long-term development of the project. For users, the rich functions of the project can reduce the complexity of operations, increase users' stickiness to the project, and greatly reduce the threshold for users to participate in various types of operations, saving users a lot of time and energy.
Based on user experience and long-term project development needs, CoreDAOSwap launched a one-stop comprehensive DAO platform on the Core blockchain, providing users with rich functional modules such as Swap, liquidity mining, NFT transactions, Launchpad, and incubation funds . In this way, the CoreDAO ecological project is established to break through the barriers between various tracks, so that users can participate in it in one stop, and further promote the rapid development of the Core blockchain.
CoreDAOSwap function module
As a comprehensive DAO platform on the CoreDAO chain, CoreDAOSwap integrates functions such as Swap, liquidity mining, and NFT market to promote the rapid and comprehensive development of the CoreDAO ecosystem.
CoreDAOSwap provides suitable quotations for platform users by aggregating liquidity from multiple different sources. At the same time, through the active market maker model AMM, the oracle machine is introduced to realize the discovery of market prices on the chain and provide sufficient liquidity for the market.
CoreDAOSwap supports LP Token liquidity mining. Users can mine CDAO token rewards by staking LP Token. In addition, it can also support CDAO, USDT and CORE single-currency pledge mining activities. At the network layer, CoreDAOSwap supports cross-chain functions, and users' funds can freely flow on each chain.
In addition, CoreDAOSwap allows liquidity providers to create and manage market-making strategies through CoreDAO public pools and private pools, configure market-making parameters, and further build a liquidity market that suits their own needs and pricing. This has obvious advantages over the current liquidity model in the market, and it can also adapt to the liquidity in various scenarios of bear markets, creating convenient conditions for liquidity providers.
CoreDAOSwap will also support multi-chain deployment, and plans to deploy on chains such as ETH/OEC/BSC and Polygon to realize CoreDAOSwap multi-chain ecological development and expand Swap liquidity.
The NFT market is one of the upcoming features of CoreDAOSwap. Official CDAO Arts users can use ETH, USDT and CDAO for NFT transactions and bidding. Artists can create NFT VR cards on the platform, issue blind boxes and fragment NFTs, collect NFT fragments and combine them into a complete NFT, and trade NFT fragments. In addition, the official also launched the CDAO NFT mining pool, through which Stake NFT can be used to obtain more CDAO income and empower NFT.
CoreDAOSwap launched the GameFi card game Fujia Sanguo. The card game Fujia Sanguo is a GameFi game that uses NFT character cards to fight. Each card has a different character and is divided into N/R/SR and SSR rating. Cards also have five rarities and five basic occupations, corresponding to five basic attributes. The gameplay is rich and varied, and it is relatively easy to get started.
Players can upgrade NFT character cards through the game, and perform operations such as combat, rebirth, and synthesis. At the same time, players will also have different titles and badges in the game. In the game, players can conduct PVP competitions to obtain benefits. At the same time, NFT characters Cards can also be freely traded in the market, and players can also obtain corresponding benefits by participating in the game. At present, the GameFi game of Fu Jia San Guo has not been officially launched, but it has already attracted the attention of many players. At the same time, the application scenarios of CoreDAOSwap are also added.
CoreDAO recently announced that the team will release the MEME coin with GameFi as the application, and will use CDAO as the initial liquidity to provide users with airdrops to achieve fair launch. For users, this will be an important opportunity to participate in CoreDAO.
token economy
CDAO is an application token issued by CoreDAOSwap, which can be used to participate in community governance and maintain the entire ecological network. In CoreDAOSwap, users can obtain CDAO token rewards through liquidity mining. At the same time, CoreDAOswao will also regularly use platform transaction fees to repurchase tokens in the open market, thereby stabilizing the value of CDAO tokens.
CDAO has a wealth of usage scenarios in the CoreDAOSwap ecosystem, including NFT transactions, Swap fee repurchase and destruction, etc. The total amount of CDAO is 300 million, of which the liquidity pool is added, and the proportion used for transaction mining, single currency mining, and LP mining accounts for a total of 60%, and is basically distributed through community liquidity and transaction contribution channels. According to the agreement plan, 147,805,065 CDAOs have been destroyed so far, and all of them have been entered into the black hole address: 0x000000000000000000000000000000000000dEaD. All addresses of the agreement are open and transparent and can be queried on the chain.
Compared with most other project teams in the market with a high proportion of Tokens, CoreDAOSwap focuses more on community contributions. The project team holds 0 tokens, and most of the shares belong to the community. This also shows that CoreDAOSwap attaches great importance to the decentralization of the project and user incentives, and it also ensures the rights and interests of participating users.
Decentralization and Security
Although many blockchain projects claim to be decentralized, this is not the case in reality. Many teams still play a decisive role in the development of the project, and project rug risks are also very common in bear markets. The large share of team tokens has also become an important factor affecting the development of the project. A large number of project tokens are in the hands of the founding team, which has become a mine that may explode at any time on the road of project development, which is not good for the long-term development of the project.
CoreDAOSwap has changed this situation. On the one hand, reducing the team share has realized the rationality of token distribution. On the other hand, CoreDAOSwap maintains the value of the project through specific application scenarios, which enables the project to survive in the bear market for a long time.
CoreDAOSwap has ensured the depth of CDAO liquidity and maintained the stability of the project's market value through measures such as transferring LPs to black hole addresses, repurchase and burning. It also allows users and holders to see the team's confidence in the project, and everything is open and transparent in project operations without black-box operations.
The team transfers the pot LP to the black hole address
Abandon the authority of tokens and realize the decentralization of tokens
In addition, the CoreDAOSwap code has also passed the audit of Certik, and the security is guaranteed.
small knot
CoreDAOSwap brings DeFi transactions to the CoreDAO ecosystem through Swap transactions, and expands to liquidity mining, single currency pledge, CoreDAO project IMO financing, NFT trading platform and Gamefi game scene, which prospers the CoreDAO ecosystem. At the same time, by throwing away the LP of the pot and giving up the authority, when the token has actual use cases and application scenarios, the early fair distribution and effective economic cycle are realized. For the participants, they can protect their rights and reject Fud.
CoreDAOSwap has established a comprehensive on-chain ecological model for CoreDAO. Developers can innovate and optimize on the basis of CoreDAOSwap, which improves the composability and scalability of the CoreDAO chain, and provides a comprehensive infrastructure for the further development of the CoreDAO ecosystem.