How to earn passive income as a main DAO staker | Daily News Byte


Core DAO could give simple actors a chance to get rewards behind Bitcoin miners!

Earnings with Core DAO stake

The Core DAO mainnet is fast approaching. With audits in the rearview mirror, NFT projects selling out pre-sales, and testnet mining completed, the situation is set and the community is ready.

Here we will take a quick look at how to earn passive income by holding and investing Core tokens once the mainnet launches. The unique downstream opportunities that come for simple Core token stackers are a potentially game-changing passive income opportunity!


Invest $CORE and earn rewards

All Core token holders will have the opportunity to invest their $CORE in the Satoshi app. Besides likely earning a small annual percentage return (API), $CORE holders can earn by investing. It doesn’t matter how much $CORE a user has, they can participate and invest.

$CORE holders can earn by investing through a process called Delegated Proof of Stake. Combining some of the best concepts behind Ethereum Post-Merge, $CORE stackers can delegate their staked funds to validators. By delegating these funds, users disperse the incentives and rewards earned by validators. Validators choose how much to reward participants and are encouraged to make it worthwhile.

According to this relationship, delegated validators can work on consensus with higher capacity. This further democratizes the overall consensus mechanism of the Core blockchain, while providing rewards to participants down the road.

Source: Core DAO

Rewards earned by validators working to validate the consensus mechanism are distributed back to invested $CORE owners as a reward for delegating their funds. It’s basically a reward for lending your $CORE to be used to facilitate the chain’s consensus mechanism.

One of the most notable features is that with the way Core DAO has set up the mainnet technology, CORE validators can work with Bitcoin miners to share collective hash power and rewards. Combined with the project’s long-term vision to work closely with Bitcoin miners, the potential huge bottom line rewards for simple $CORE participants are huge.

Core DAO is still in testnet mode, but the time is coming for the next step. The mainnet update will bring an innovative delegated proof-of-stake opportunity for users of all price ranges with the flexibility of $CORE investment opportunities.

The Satoshi app is currently available on Android. Users can download it today!

What is Core DAO:

Core DAO is the official decentralized organization that develops the Satoshi Plus ecosystem. This presents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core shows a deep respect for the history of the crypto ecosystem paired with even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord


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