Project Coreum, a platform dedicated to providing decentralized and community-driven solutions for the cryptocurrency industry, has launched its mainnet. The project revealed plans to airdrop 100 million CORE tokens and 50 million xCORE tokens to the XRP community.
Coreum Mainnet Features
The newly launched mainnet is designed as a blockchain network supporting:
- Smart contracts
- Decentralized applications (dApps)
- Cross-chain interoperability
Key innovation:
The network utilizes Coreum Governance Protocol (CGP), enabling CORE holders to propose and vote on critical network parameters including:
- Transaction fees
- Inflation rates
- Protocol upgrades
Airdrop Mechanics Explained
👉 Discover how altcoin airdrops work
The distribution targets:
- 100M CORE tokens for existing Coreum holders
- 50M xCORE tokens for SOLO/XRP holders
xCORE tokens function as option tokens, granting holders the right to purchase CORE tokens at a fixed price of $10 in the future.
Current market context:
As of publication, CORE trades at $0.23 - a significant drop from its $11+ valuation in May 2022.
Distribution Timeline
| Event | Date | Status |
|---|---|---|
| Coreum holder distribution | Ongoing | Verifiable via XRPL |
| xCORE for SOLO/XRP holders | May 15, 2023 | Completed |
The airdrop ratio was calculated based on total requested assets (COREUM, SOLO, XRP) during the snapshot period.
Why This Matters for Crypto Investors
- Community building: Airdrops incentivize ecosystem participation
- Price discovery: Option tokens create future demand for CORE
- Governance rights: Token holders influence network evolution
👉 Essential guide to cryptocurrency governance
FAQ Section
Q: How do I claim xCORE tokens if I held XRP during the snapshot?
A: Eligible wallets automatically received distributions on May 15, 2023. Check your XRP-compatible wallet.
Q: What's the purpose of xCORE option tokens?
A: They provide purchase rights at $10/CORE, potentially profitable if market price exceeds this level.
Q: Can I still participate in Coreum's ecosystem?
A: Yes! The network remains active for developers and users exploring its smart contract capabilities.
Q: Where can I track CORE token metrics?
A: Major cryptocurrency data aggregators provide real-time price and volume information.
Final Thoughts
While the crypto market remains volatile, strategic airdrops like Coreum's demonstrate innovative approaches to:
- Community engagement
- Token utility creation
- Long-term project sustainability
Always conduct thorough research before participating in cryptocurrency distributions or investments.