How to Earn Passive Income as a Core DAO Staker

by Arthur · December 22, 2022

Core DAO can give simple stakers an opportunity the rewards behind Bitcoin miners!

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Earn with Core DAO Stake

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

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

Bet $CORE and earn rewards

All holders of the Core token will have the chance to stake their respective $CORE in the Satoshi app. Apart from likely earning a small annual percentage rate (APY), $CORE holders can earn by betting. It doesn’t matter how much $CORE a user has, they can participate and bet.

$CORE holders can earn by staking through a process called Delegated Proof of Stake. By combining some of the best concepts behind Ethereum Post-Merge, $CORE actors can delegate their holdings to validators. By delegating these holdings, users spread the incentives and rewards that validators have received. Validators choose how much to reward participants and are incentivized to make it worthwhile.

Under this relationship, delegated validators can work towards consensus with greater capacity. This further democratizes the overall consensus mechanism of the Core blockchain, while providing rewards to actors along the line.

The rewards earned by validators by working to confirm the consensus mechanism are distributed back to $CORE holders who have been staked as a reward for delegating their holdings. It is basically a reward for lending your $CORE which will be used to facilitate the consensus mechanism of the chain.

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

Core DAO is still in testnet mode, but the time is coming for the next step. The mainnet update will provide an innovative Delegated Proof of Stake opportunity for users of all price ranges with the flexibility of $CORE staking 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 developing the Satoshi Plus ecosystem. It represents 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 appreciation for the history of the crypto ecosystem along with an even greater excitement for Core’s role in the future.