Tokenomics

CORE Token

CORE is the utility and governance token of the Core network. Its abilities include, but are not limited to:

• Paying for transaction/gas;

• Staking on the Core network;

• Participating in on-chain Core network governance;

Sound Supply

Following Bitcoin’s example, CORE’s supply has a hard cap of 2.1 billion tokens, providing resistance to inflation. Currently, a percentage of all block rewards and transaction fees are burned, similar to Ethereum, with the exact percentage determined by the DAO. However, Core is transitioning away from this burning mechanism. Instead of permanently removing tokens from circulation, these rewards and fees will be repurposed to support different network operations like validator incentives, fund ecosystem projects, and cover operational needs. While the supply will still asymptotically approach the 2.1 billion token cap, the focus will shift towards sustainable redistribution to drive network growth and long-term utility.

CORE Emissions

The block rewards for CORE are designed to be distributed over an 81-year period to incentivize network participation sustainably, with the CORE emission rate reduced by 3.61% starting at every 10,512,000th block (approximately every 365 days). This longer period increases the likelihood of success by properly incentivizing all network participants before the network eventually transitions to compensation transaction fees alone.

The CORE block reward can also be thought of as a way for Bitcoin miners to supplement their income. It’s well known that the Bitcoin block rewards will stop altogether around 2140, at which point a combination of transaction fees and payouts from networks like Core will help incentivize the miners to continue their work. But the hard ratchet of Bitcoin’s monetary policy – particularly its halvings – will likely make such payouts necessary long before then. By becoming validators on the Core network and delegating their existing hash power, Bitcoin miners can be paid from both Bitcoin transactions and Core rewards.