After months of anticipation, the Coreum development team has finally announced the launch date for its Layer-1 Blockchain mainnet, set to take place on March 24th, 2023, at 04:00 AM UTC. The Coreum ($CORE) launch marks a significant milestone in the world of blockchain technology, as Coreum’s open-source project is poized to revolutionize enterprise use cases with its ISO20022 compliance and Smart Tokens.
Coreum ($CORE) Airdrop: Key Takeaways
- Coreum mainnet launch on March 24th, 2023, at 04:00 AM UTC.
- Airdrop of 100,000,000 CORE tokens to CORE holders and 50,000,000 xCORE tokens to SOLO and XRP holders.
- Snapshot for the airdrop takes place March 24th, 2023, at 04:00 AM UTC; CORE will be distributed in four instalments (April 1st, June 1st, August 1st, and November 1st, 2023); distribution of xCORE takes place May 15th, 2023.
- Eligibility requires TrustLine setup to Coreum Gateway for CORE holders and xCORE Gateway for XRP and SOLO holders.
- Mainnet launch introduces staking opportunities, partnerships, exchange listings, and VC fundraising.
- Coreum will be integrated with the Sologenic ecosystem, including tokenized assets trading platform and SOLO Cards. The integration will enable SOLO holders to benefit from Coreum’s blockchain technology and ISO20022 compliance.
- The airdrop will strengthen the bond between SOLO and CORE communities and include the XRP community.
- Plans for $CORE following the airdrop: Expand Smart Token functionality, develop built-in full order-book DEX, and become a hub for blockchain developers.
- At the time of writing this article, the price of $CORE is $0.5534 USD (0.00001972 BTC) with a market cap of 55,266,237.
How to Participate in the Coreum ($CORE) Airdrop
The Coreum team has announced an airdrop of 150,000,000 $CORE tokens to $XRP, $SOLO, and $CORE hodlers. This guide provides a step-by-step process on how to participate in this exciting opportunity.
Step 1: Check Your Eligibility
First, determine if you’re eligible for the airdrop based on the cryptocurrency you hold. $SOLO holders with assets on decentralized wallets like SOLO DEX and XUMM are automatically eligible. $CORE and $XRP holders need to follow specific steps depending on where their tokens are held.
Step 2: Establish Trustlines
If you hold $CORE or $XRP tokens on decentralized wallets, you’ll need to establish trust lines with the Coreum gateway on the XRP Ledger. For $CORE holders, watch this video tutorial. For $XRP holders, watch this tutorial and use the following xCORE gateway specs:
- xCORE Gateway (Issuer): r3dVizzUAS3U29WKaaSALqkieytA2LCoRe
- xCORE Currency Code: 58434F5245000000000000000000000000000000
- Limit: 50,000,000
Step 3: Check Your Exchange Supports the $CORE Airdrop
If you hold $CORE or $XRP tokens on centralized exchanges, contact your exchange to confirm they will support the airdrop.
Step 4: Remember the $CORE Airdrop Dates
Mark these important dates in your calendar:
- Airdrop snapshot: March 24, 2023, at 04:00 AM UTC
- $CORE distribution to $CORE holders: April 30, 2023
- xCORE distribution to $SOLO and $XRP holders: May 15, 2023
Step 5: Token Airdrop Allocation
A total of 100,000,000 $CORE tokens will be distributed to $CORE holders, and 50,000,000 xCORE tokens will be distributed to $SOLO and $XRP holders (25M xCORE tokens each).
Step 6: Exchange xCORE for $CORE Tokens
If the price of $CORE goes above $10, xCORE tokens can be exchanged for $CORE tokens. If not, you’ll receive 1 $CORE for every xCORE regardless of the price after two years.
Step 7: Stay Informed on Coreum Airdrops
Follow @CoreumOfficial on Twitter for the latest updates and announcements.
Airdrop Ratios and Distribution
The airdrop will be distributed in varying ratios depending on the holder type. CORE holders will receive 100% of the total CORE airdrop amount (100M CORE tokens), while XRP and SOLO holders will receive xCORE tickets at a 50:50 ratio (25M xCORE tokens each).
To be eligible for the airdrop, holders must have a TrustLine to the Coreum Gateway for CORE tokens and the xCORE Gateway for xCORE tokens. The XRP snapshot determining eligibility for the Coreum airdrop will be taken on March 24th, 2023, at 04:00 AM UTC.
The CORE airdrop will be distributed to eligible CORE holders in four equal instalments, with a 60-day buffer between each distribution. The xCORE airdrop will be distributed in a single instalment to XRP and SOLO holders on May 15th, 2023.
How to Buy Coreum ($CORE) Before the Airdrop
You do not have to wait for the $CORE airdrop to acquire Coreum tokens, as Coreum is currently listed on cryptocurrency exchanges. You can buy Coreum on the following cryptocurrency trading platforms:
The xCORE Token: An Innovative Approach
The introduction of the xCORE token is an innovative approach to incentivize community participation while avoiding immediate pressure on the CORE market after the airdrop distribution. xCORE tokens are Option Tokens that can be exchanged for CORE tokens if the CORE price reaches and stays above $10.00 for 240 consecutive hours (10 days) or expires on March 24th, 2025, 04:00 AM UTC.
Sologenic Integration and XRP Ledger Synergy
Coreum’s ties to the Sologenic ecosystem run deep, as the idea for Coreum was developed by the Sologenic Development Foundation and backed by the SOLO community. Coreum is set to integrate with Sologenic’s ecosystem, creating a seamless interaction between the two platforms and enhancing the use cases for both projects. The integration will enable SOLO holders to benefit from Coreum’s advanced blockchain technology and ISO20022 compliance, which has the potential to redefine the global financial infrastructure.
Coreum’s strategic partnership with the XRP Ledger is another crucial aspect of its success, as the two platforms share a similar vision of promoting enterprise adoption of blockchain technology. By working together, Coreum and the XRP Ledger aim to accelerate the mainstream adoption of blockchain solutions for a wide range of industries, including finance, supply chain management, and data management.
Coreum Staking Opportunities and Validators
Coreum’s Proof-of-Stake (PoS) consensus mechanism provides token holders with staking opportunities, allowing them to earn rewards by securing the network. Validators will play a critical role in maintaining the security and stability of the Coreum blockchain. Staking pools and validator nodes will enable CORE holders to delegate their tokens, thereby supporting the network and earning staking rewards.
Initially, Coreum will support a limited number of validator nodes, with plans to expand as the ecosystem matures. Validators will be chosen based on their commitment to the project, technical expertise, and reputation. The Coreum team is working on a robust validator selection process to ensure the network remains decentralized and secure.
Coreum’s Growth and Partnerships
Since its announcement in December 2021, Coreum has garnered substantial global attention, rapidly becoming one of the most widely-discussed projects in the blockchain space. The project’s open-source nature and commitment to being 100% community-owned have attracted a passionate group of developers working tirelessly to create a more advanced, secure, and fast blockchain for enterprises of all sizes.
In addition to the mainnet launch, Coreum has been forging partnerships and securing exchange listings to enhance its ecosystem. These efforts are set to accelerate after the mainnet launch, with announcements expected for institutional validators, wallet integrations, and Tier-1 exchange listings.
Coreum Roadmap and Enterprise Adoption
Coreum’s future development roadmap includes the implementation of cross-chain interoperability, which will enable seamless communication between Coreum and other major blockchain networks. This interoperability will further position Coreum as an attractive solution for enterprises seeking blockchain integration.
Moreover, the Coreum team plans to introduce privacy features to protect sensitive data, enhance scalability to support higher transaction volumes and implement advanced governance mechanisms to provide token holders with decision-making power. These planned developments will cement Coreum’s status as a leading Layer-1 blockchain that caters to the specific needs of enterprises.
In conclusion, the Coreum Layer-1 Blockchain mainnet launch, the airdrops for CORE, SOLO, and XRP holders, and the project’s robust development roadmap are set to bring significant advancements to the world of enterprise blockchain adoption. By focusing on compliance, security, and scalability, Coreum is primed to become an essential player in shaping the future of blockchain technology.