YEREVAN (CoinChapter.com) – CoreDAO token CORE traded at $0.05 on Uniswap V3 on Jan 18, according to TradingView. However, as the new token goes through a series of listings, potential investors are keen to jump on the bandwagon before the CoreDAO price appreciates further.
Moreover, as seen on the chart below, after some intraday turbulence, the Core token price settled 300% higher than several hours prior, hinting at more returns in the coming hours.
CoreDAO listing on Huobi could speed up price appreciation
Huobi is one of the leading crypto exchanges with a daily trading volume of approximately $400 million, with millions of users. Thus, a Huobi listing is a desirable catch for any fresh token.
Core DAO listing on Huobi won’t be an exception. The announcement came on Jan 17, with details about the trading launch. The exchange asserted that the deposits for the CoreDAO token are already open, but the trading will start once the deposits “meet the minimal liquidity requirements.”
Also read: Floki Inu token price jumps 20% on key partnership with Binance Pay.
CoreDAO listing on BitMart brought more good news for CORE token investors
Meanwhile, Huobi was not the only exchange that showed interest in the CoreDAO coin. The CORE token also scored a listing on the Singapore-based BitMart exchange. The announcement came early on Jan 18, detailing that the feature would launch on Jan 21.
Moreover, crypto asset tracker CoinMarketCap also listed CoreDAO. However, the latter does not provide any price information, as the “pool has very low liquidity.”
Also read: China’s Navy Will Defeat US If a War Breaks Out — Former Navy Captain.
What is the project all about?
According to the CoreDAO coin Whitepaper, the project is a solution to the Trilemma problem that plagues the Bitcoin blockchain, as well as all other digital assets. In detail, the problem is any crypto must make trade-offs between optimal security, scalability, and decentralization, often prioritizing two elements at the expense of the third.
Our solution to the trilemma above is Satoshi Plus consensus, which operates at the core of the Core Network. Satoshi Plus consensus combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to leverage the strengths of each while simultaneously ameliorating their respective shortcomings.
reads the document.
On Jan 14, the CoreDAO Mainnet went live, and the team published a blog post to detail their further plans. “Now, a Turing complete, EVM-compatible blockchain progressively hardened by Bitcoin mining hash power is here,” tweeted the team.
Click here to keep up with the ever-changing crypto market and never miss the scoop!
