Core DAO Introduces S-Prize to Incentivize Ecosystem Development

Core DAO Announce Satoshi Prize

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.

What is Core DAO:

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.

Where to find Core DAO:

Website | Docs | Twitter | Discord |