CORE Token Airdrop Recipients Complain Of Glitches, Poloniex Shows DAO Token Price Plummeting 99.9%

PATNA (CoinChapter.com) — CoreDAO airdrop of its CORE token began on Feb 8 as scheduled. Several exchanges announced the token’s listing, with Huobi announcing a strategic partnership with the DAO.

Huobi and CoreDAO would cooperate in technical support, ecological promotion, and other areas. CoreDAO contributor CJ Reim noted that a “strategic partnership with a leading big exchange like Huobi” would greatly benefit Core’s future.

In addition, the layer-1 blockchain platform shared that users would be able to bridge assets on the CoreDAO mainnet. CoreDAO would leverage its partnership with LayerZero Labs to facilitate cross-chain assets transfers on its mainnet.

The announcement failed to share a list of CORE-supported bridge assets. However, CoreDAO’s tweet did mention stablecoins USDT and USDC, so users can safely assume the availability of the two on the upcoming Core mainnet asset bridge.

Also Read: What is Ethereum Shanghai Upgrade and How Does It Affect ETH Traders

The blockchain platform asked users to wait for the official announcement. Additionally, CoreDAO warned traders to stay wary of copycat tokens with “misleading asset names.“

CoreDAO Airdrop: Contributors Claim Big Win, Users Exclaim Disappointment

Meanwhile, the DAO’s CORE airdrop continued on its second day. On Feb 9, DAO contributor Jack Crypto stated that the CoreDAO airdrop delivered tokens to over 1.5 million users in the 24 hours since its launch.

It is an ongoing process and there are still a lot of people actively claiming and staking CORE.

A CoreDAO contributor on Twitter.

The contributor noted that the airdrop generated over 1.5 million new transactions, including more than 810,000 CORE airdrop-claiming transactions and over 380,000 staking transactions.

Despite the claims by the CoreDAO contributors, a section of crypto Twitter was awash with complaints about Metamask-related glitches. Several Core airdrop claimants found themselves unable to claim their CORE token.

Also Read: Russia on Rampage mode in Ukraine after Nord Stream Pipeline Controversy

Other users found that the gas fees for the CoreDAO airdrop transaction had vanished from their MetaMask wallets.

CoinChapter reached out to MetaMask on Telegram for comment but received a step-by-step guide on rectifying in-node string errors.

CoreDAO Token Price Action: Varying Degrees Of Bearishness

Additionally, there has been some confusion regarding the CoreDAO token price.

Although the general consensus regarding the token’s price action post-launch has been bearish, different exchanges seem to have listed the CORE token at different prices.

For example, on Poloniex, the CoreDAO token price was listed at $10,000 on Feb 8. Not surprisingly, CORE price plummeted like a downed bird, losing 99.97% in two days to form a daily low of $2.52 on Feb 10.

However, it might be a fluke or some technical glitch, since the CORE token price on Bitget started trading at $0.03 before surging to $7.03. On Feb 10, the CoreDAO token shed 45% to a daily low of $2.55.

A similar bearish drop of nearly 50% to form a low near $2.45 on Feb 10 awaited CORE price on crypto exchange OKX. It is likely traders are selling airdropped tokens for quick profits, leading to bearish pressure on the CoreDAO token.