#CoreDAO Q3, 2023 Report Highlights 🔥

✅️1/ Brand Overhaul and New Initiatives:

#CoreDAO announced a brand overhaul, reflecting its evolution within the rapidly changing crypto landscape.

✅️2/ Network Upgrade 1.0.4:

#CoreDAO has been addressing community concerns with Network Upgrade 1.0.4.

The substantial upgrade incorporates requested amendments and introduces new staking enhancements, split delegation, and critical fixes to enhance the ecosystem's security and resilience.

✅️3/ Strategic Partnership with Halborn Security:

Core DAO has formed a strategic alliance with #HalbornSecurity, emphasizing a "security-first" approach.

✅️4/ Firehose and TokenPocket Integration:

Core DAO's integration with Firehose enables efficient data extraction through Subgraphs, enhancing application performance.

Additionally, the integration with #TokenPocket empowers users to manage their Core wallet seamlessly across multiple platforms and devices.

✅️5/ Addressing #CakeCore's Concerns:

The Core DAO community examined #CakeCore following concerns raised by #IceCreamSwap.

Vulnerabilities within #CakeCore's smart contract prompted further examination, leading to CakeCore's plans for the introduction of a new $CAKE token.

Explores Latest Updates Of The Core DAO Ecosystem That You Might Be Missed 🔥

1️⃣ Core DAO has integrated #BTC.b using the #Omnichain Fungible Token (#OFT) Standard, enabling seamless movement between Core's blockchain and other networks.

This allows users to utilize native Bitcoin on decentralized applications (dApps).

2️⃣ The #CoreGrants Program

Launched on October 31, provides funding for projects that aim to decentralize, expand, and strengthen the #Core ecosystem.

It supports both early-stage and established projects.

3️⃣ #CoreDAO to sponsor the #ETH Lisbon hackathon, offering significant bounties.

The best project will receive $10,000, the runner-up will receive $2,500, and there are additional prizes available.

4️⃣ Core DAO continues to expand its reach by integrating with the @PythNetwork for the #CORE/USD price feed and @ankr for RPC service.

These partnerships provide advanced tools and global node access.

Let's explore the decentralization phases of Core DAO.

The overall plan is to gradually decentralize the governance of the #CoreDAO through three stages of development:

1️⃣ Currently, Core operates through off-chain governance, where:
A. Resolutions are passed when a majority of #DAO voters agree.

2️⃣ The next stage will involve limited on-chain governance, where:
A. A fixed set of parameters, such as the percentage of fees burned, can be changed through on-chain voting.
B. Adding and subtracting parameters will be at the discretion of #DAO voters, through #Core Improvement Proposals (CIP).
C. There may be time delays to discourage vote buying and similar attacks.

3️⃣ The final stage will be full on-chain governance, where:
A. The community will have complete control and steer the network towards the future.

This empowers stakers to actively contribute to decision-making and shape the network's future.

On-chain governance also reduces reliance on centralized entities, enhancing the security and trustworthiness of the #Core staking ecosystem.

Core Stake offers an excellent platform for staking $CORE with an APY of up to 170%. 🔥

By joining Core Stake, you can earn additional $CST Tokens while staking $CORE, a unique reward not offered by other platforms.

With the impending mainnet launch, the #CoreDAO team has prioritized staking to support the protocol’s goal of building the first chain in the Satoshi Plus ecosystem.

Staking $CORE offers the community various benefits. 💵

While the mainnet launch is imminent, promoting Core DAO's long-term success is the best way to ensure a scalable, secure, and decentralized #Web3 consensus