Core Chain Unveils Dual Staking Model for BTC-CORE, Incentivizing Holders

IconCryptoNewsTerminal Staff25 Jul, 2024

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Core Chain Unveils Dual Staking Model for BTC-CORE, Incentivizing Holders

Core Chain (CORE), an Ethereum Virtual Machine (EVM)-compatible blockchain built on Bitcoin, has introduced a groundbreaking dual staking model. This model offers users the unique opportunity to stake both Bitcoin (BTC) and CORE tokens simultaneously on the Core Chain platform, unlocking the potential for increased rewards. According to Decrypt, the dual staking model is designed to incentivize users to hold and stake their BTC and CORE tokens on the Core Chain network. By doing so, users can earn additional rewards on top of the potential appreciation of their crypto assets. Notably, the rewards increase proportionally to the duration of the staking period, encouraging long-term commitment to the Core Chain ecosystem. The introduction of this dual staking model is a significant development for the Core Chain network. It provides users with a compelling incentive to participate in the network's security and stability, while also rewarding them for their long-term support. This move is likely to attract new users and further enhance the growth of the Core Chain community.

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