Unlock Over $1.25 Trillion In Trapped Liquidity With Core Project
The launch of the first ETP for CORE, the native token of the Core blockchain, on the Sweden’s Spotlight Stock Exchange marks a significant step in bringing the innovative blockchain technology to traditional investors.
The Valour CORE (CORE) ETP, offered by Valour, a digital asset manager based in Toronto, aims to provide investors with exposure to the Core blockchain’s native token, which is designed for EVM-compatible smart contracts and utilizes a unique consensus mechanism called Satoshi Plus.
Revolutionary Bitcoin Staking Mechanism
- Historically, BTC holders have been unable to stake their Bitcoin directly, but Core Chain introduces a non-custodial BTC staking mechanism.
- This mechanism allows BTC holders to earn yield by participating in Core Chain’s consensus mechanism, Satoshi Plus, that combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS).
Direct Staking Without Losing Custody
- Unlike previous methods, Core’s innovative solution enables users to stake BTC directly on the Bitcoin network while retaining full custody of their assets without wrapping Bitcoin or losing control of their assets.
Significant Milestones and Achievements
- Core has gained significant attention, surpassing $200 million in staked Bitcoin, showcasing the growing interest in decentralized finance products.
- The launch of the CORE ETP on the Spotlight Stock Market follows the debut of the Velour Hedera ETP, indicating a bullish trend in the interest of European markets in decentralized finance products.
Core’s Vision for the Future
- The Core project aims to unlock over $1.25 trillion in trapped Bitcoin liquidity by allowing holders to stake BTC and earn rewards through block rewards and transaction fees from Core’s smart contract protocol.
- Since its mainnet launch, Core has demonstrated significant adoption, with over 18 million unique addresses and 256 million transactions processed, highlighting the successful implementation of its technology.
Hot Take: Transforming Blockchain Investment with the Core ETP
The Valour CORE (CORE) ETP launch on the Sweden’s Spotlight Stock Exchange represents an important step in bringing Core’s innovative blockchain technology to traditional investors, providing exposure to the Core blockchain’s native token and revolutionizing BTC staking mechanisms while maintaining custody of assets. This groundbreaking approach and growing adoption signal a bright future for Core in unlocking trapped Bitcoin liquidity and enhancing the decentralized finance landscape.
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