CORE
by BSCN
February 3, 2023
The S-Prize introduction will ensure that users gain access to valuable blockchain applications while rewarding builders for their creations.
Following the imminent $CORE airdrop, Core DAO has announced the integration of a new reward mechanism called the Satoshi Prize or Core S-Prize.
In honor of the Satoshi Plus consensus mechanism and Satoshi Nakamoto, the innovation will be used for ecosystem development. According to the protocol’s Medium announcement, S-Prize will incentivize valuable Decentralized Application (dApp) development and reward builders.
“The goal of the S-Prize is twofold: (1) incentivize the development of real applications that deliver value to Core users and (2) reward builders for the value that they create on the Core network. As one of the world’s largest and most decentralized communities, delivering useful products on Core is the ultimate achievement,” Core DAO wrote.
S-Prize follows the protocol’s mission of ignoring grants that don't help users at the network’s early stage of development. Grants favor protocols’ development even when they don’t align with the network’s long-term vision. With S-Prize, developers will be rewarded based on their applications' value to the Core ecosystem, ensuring maximum benefit for users.
Through S-Prize, builders will be challenged with achieving milestones and completing objectives. Furthermore, the challenges will be time-dependent and paired with reasonable CORE rewards. Core DAO will announce the challenges, CORE prices, and payment timeline.
S-Prize promises to reward builders for their effort toward contributing true value to the Core DAO ecosystem. The initiative would benefit developers, users, and the entire Core community. By rewarding builders based on the value they add to the ecosystem, users can gain access to valuable dApps on the network. Overall, S-Prize will position the network to be a top player in the blockchain industry.
Read the Core DAO publication for more information.
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Website | Docs | Twitter | Discord |
Latest News
1h : 50m ago
Everything We Know About OpenSea's New SEA Token
4h : 20m ago
Story Protocol & The IP Token: Deepdive
5h : 5m ago
What is BNB Chain? The Ultimate L1
8h : 20m ago
Six Charged in a Crypto Kidnapping Case in Chicago—What Happened
10h : 50m ago
Everything We Know About Pi Coin Exchange Listings
11h : 5m ago
Core Foundation and Aethir’s $100M Ecosystem Fund: Key Details
13h : 20m ago
Ethereum ETFs Could Soon Offer Staking Rewards: Details
February 12, 2025
What is Quai Network and What Makes it Special?