Does the decentralized public chain ecosystem still have a future?

The high returns from liquidity mining in 2020 ignited the bull market in 2021 with DeFi Summer. The successive explosion of events such as pledge lending, AMM market making, DEX, GameFi, and Metaverse has allowed the entire industry to see the future potential of blockchain, and the prosperity of the public chain ecosystem has also brought more possibilities to the project. When the bear market came, the ecological construction of many public chains began to stagnate, and a period of cold intentions affected everyone in the industry.

Innovative public chain CoreDAO brings highlights to the industry

From being noticed by the mechanism to becoming a strong support file of Ethereum, Layer2 has undoubtedly been the focus in the past two years. Although the mainstream Layer2 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 new chains, and many DEX and lending applications are also developed on Layer2 chains, but most of them are just chains with different names. The homogeneity of projects in the market at the functional level also indirectly illustrates the difficulty of innovation in target blockchain applications.

Others can also see that there is little focus on innovation at the bottom layer of the community chain, and the problem of the impossible triangle of the community chain has been difficult to solve. For investors, seeking bottom-level innovative public chains and actively participating in the ecological project catalog have become important directions for the layout of the next bull market.

CoreDAO, which was launched this year, is an innovative public chain worthy of attention. CoreDAO is a public chain based on the consensus machine of Stoshi Plus. The impossible triangle problem has always been a difficult problem in the blockchain industry. By integrating the models of Bitcoin POW and Ethereum POS, CoreDAO meets the requirements of security, scalability and decentralization, and is becoming a highly publicized and reliable blockchain infrastructure.

CoreDAO has a block generation speed of 3-5 seconds, a faster confirmation speed, and can accommodate more transactions and support more transaction scenarios. The gas fee on the link is very low, which reduces the continued cost of user transactions and DApp transactions step by step. CoreDAO supports EVM virtual machines, which makes it convenient for developers to set up ecological applications on CoreDAO. In February this year, CoreDAO was launched on mainstream exchanges such as OKX and Huobi, attracting the attention of the industry. CoreDAO's application ecology has also ushered in attention and development opportunities.

CoreDAOSwap recasts the DeFi ecosystem

DeFi is an important infrastructure of blockchain, but it is also a bottleneck facing homogeneity and single functions. For example, AMM Swap, DEX trading, lending, and NFT markets, in the bull market, based on the sufficient number of users and liquidity, only providing a single function can also gain more use and attention. Uniswap relies on AMM trading to obtain most of the market share. Similarly, OpenSea only provides users with an NFT trading platform, and the lending AAVE can also gain attention due to market factors. In the bull market, the DeFi ecosystem tends to be more modeled, which meets the market's needs for project types and facilitates speculation.

However, when the market turns bearish, such single-function projects often face severe challenges. First, there is fierce competition caused by multiple competing products. Second, there is a large loss of users and liquidity in the market, which needs to be reduced. Single-function ecological projects are difficult to maintain the status quo, resulting in a sharp drop in TVL, and the temperature also drops with it, making the project face the risk of being unsustainable.

In a bear market, DeFI projects should have more functions and provide one-stop platform services, so as to retain users to the greatest 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 the stickiness of users to the project goals, and greatly reduce the threshold for users to participate in various types of operations, saving users a lot of time and energy.

Based on the needs of user experience and long-term development of the project, CoreDAOSwap launched a site-based comprehensive DAO platform on the Core blockchain, providing users with rich functional modules such as Swap, liquidity mining, NFT trading, Launchpad, and Moe Fund. By analogy, the largest ecological project of CoreDAO breaks through the barriers between various tracks, allowing users to participate in it in a one-stop manner and enter the next step of promoting the rapid development of the Core partition chain.

CoreDAOSwap Functional 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 the best quotes to platform users by aggregating liquidity from multiple different sources. At the same time, through the active market maker model AMM, a prediction machine is introduced to discover the market price on the chain, providing sufficient liquidity for the market.

CoreDAOSwap supports LP Token liquidity mining. Users can mine CDAO token rewards by staking LP Tokens. It also supports single-coin staking mining activities for CDAO, USDT, and CORE. At the network layer, CoreDAOSwap supports cross-chain functions, and users' funds can flow freely on various links.

In addition, CoreDAOSwap allows liquidity providers to create and manage market-making strategies through CoreDAO public and private pools, configure the number of market-making participants, and enter the next step of the structure to establish a liquidity market that suits their own needs and pricing. This has obvious advantages over the current common liquidity model in the market, and can also adapt to liquidity in various scenarios in a bear market, creating convenient conditions for liquidity providers.

In the future, CoreDAOSwap will also support multiple chains, and plans to partially support ETH/OEC/BSC and Polygon chains, to realize the development of CoreDAOSwap's multi-chain ecosystem and expand Swap liquidity.

NFT market is one of the upcoming features of CoreDAOSwap. Officially launched CDAO Arts, users can use ETH, USDT and CDAO to trade and bid for NFT. Artists can create and build NFT VR cards on the platform, develop blind boxes and fragment NFTs, or collect NFT fragments and combine them into a complete NFT, trade NFT fragments, etc. In addition, the official also launched the CDAO NFT mining pool, which can obtain more C DAO income by staking NFTs and empower NFTs.

CoreDAOSwap launched the GameFi card game Rich Three Kingdoms. The card game Rich Three Kingdoms is a GameFi game that uses NFT character cards for battles. Each card has a different human character and is divided into N/R/SR and SSR levels according to the level. The cards also have five rarities and five basic professions to deal with 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 battles, rebirth, and synthesis. At the same time, players will also have different head leagues and badges in the game. In the game, players can participate in PVP competitions to gain benefits. At the same time, NFT character cards can also be freely traded in the market. By participating in the game, players can also obtain corresponding benefits. At present, the GameFi game of Rich Three Kingdoms has not been officially launched, but it has attracted the attention of many players. At the same time, the application scenarios of CoreDAOSwap have also been increased.

CoreDAO recently announced that the team will release the first MEME coin with GameFi as the application, and will use CDAO as the initial liquidity to provide airdrops to users and realize public launch. For users, this will be an important opportunity related to CoreDAO.

Token Economy

CDAO is an application replacement coin for CoreDAOSwap, which can be used for community governance and maintain the entire ecological network. In CoreDAOSwap, users can obtain C DAO token rewards through liquidity mining. At the same time, CoreDAOswao will also use the platform transaction fees to regularly repurchase tokens in the open market to stabilize the value of CDAO tokens.

CDAO has rich usage scenarios in the CoreDAOSwap ecosystem, including NFT transactions, Swap renewal repurchase sales losses, etc. The total amount of CDAO is 300 million, of which the liquidity pool is added, and the proportion of transaction mining, single-coin mining, and LP mining accounts for a total of 60%, which is distributed based on community liquidity and transaction contribution channels. According to the agreement plan, the target has destroyed 147,805,065 CDAOs, all of which have been put into the black hole address: 0x000000000000000000000000000000000000dEaD, and all addresses of the agreement are publicly available.

Compared with the high proportion of tokens in most other project groups in the market, CoreDAOSwap focuses more on community donations. The project team holds 0 tokens, and most of the amount belongs to the community. This also shows that CoreDAOSwap attaches great importance to the decentralization of the project and user incentives, and it is also the greatest guarantee of participation and user rights.

Decentralization and Security

Although not a few regional blockchain projects claim to be decentralized, this is not actually the case. Many teams still play a decisive role in the development of the project, and project risk is also common in a bear market. The large amount of group 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 buried in the project development path that may explode at any time, which is very unfavorable to the long-term development of the project.

CoreDAOSwap has changed this situation. On the one hand, the number of group members has been reduced, which actually makes the token distribution more reasonable. On the other hand, CoreDAOSwap has maintained the value of the project through tool application scenarios, which is enough for this project to exist for a long time in the bear market.

CoreDAOSwap ensures the depth of CDAO liquidity and maintains the stability of the project's market value by transferring LP to black hole addresses, repurchasing and selling damaged shares, etc. It also allows users and holders to see the team's confidence in the project, as well as the transparency of the project operation without any black-box operations, which effectively protects the rights and interests of investors and is a trustworthy team.

The group transfers the LP pot to the black hole address

Giving up token rights and decentralizing actual tokens

In addition, the CoreDAOSwap code has also passed the Certik audit, and its security is guaranteed.

CoreDAOSwap brings DeFi transactions to the CoreDAO ecosystem through Swap transactions, and expands to liquidity mining, single-coin pledge, CoreDAO project IMO financing, NFT trading platform and Gamefi game scenarios, prospering the CoreDAO ecosystem. At the same time, by losing the LP in the pool and giving up power, early fair distribution and effective economic circulation are achieved when the token tools have practical application examples and application scenarios. For those who come, they can protect their rights and interests to the greatest extent and reject Fud.

As a one-stop full-featured platform, CoreDAOSwap has established a comprehensive on-chain ecological model for CoreDAO. Developers are able to innovate and optimize on the basis of CoreDAOSwap, launch more high-quality projects, greatly improve the combination and extensibility of CoreDAO links, and provide a comprehensive basic setting for the further development of the CoreDAO ecosystem.