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Bitcoin Holders Moving to Core DAO: Is $CORE Converting BTC Maxis?

Bitcoin Holders Moving to Core DAO: Is $CORE Converting BTC Maxis?

Have you heard the buzz? Bitcoin holders, those die-hard BTC maxis who swear by the original crypto king, might be dipping their toes into something new: Core DAO and its native token, $CORE. A recent tweet from BSC News has everyone talking, suggesting that Core's offerings are so compelling they're pulling in even the most steadfast Bitcoin fans. Let's break this down in simple terms and see what's driving this potential shift.

What Is Core DAO All About?

Core DAO is a high-performance blockchain that's fully compatible with the Ethereum Virtual Machine (EVM). If you're new to this, EVM is the tech that powers smart contracts on Ethereum, making it easy for developers to build decentralized apps (dApps). But Core takes it a step further by blending Bitcoin's proof-of-work (PoW) security with smart contract functionality. It's not trying to replace Bitcoin; instead, it's positioning itself as a perfect sidekick.

The network boasts over 125 dApps in areas like lending, borrowing, trading, and even gaming. With more than $400 million in total value locked (TVL), it's clear that users are flocking here for real utility. Daily transactions? Hundreds of thousands. Weekly active users? Over a million. And the total transactions so far? A whopping 400 million-plus. These numbers show Core isn't just hype—it's a bustling ecosystem.

Why Are Bitcoin Holders Interested?

The real hook for BTC holders is Core's Dual Staking model. Staking is like earning interest on your crypto by locking it up to support the network. Normally, staking Bitcoin alone might give you a measly 0.1-0.5% annual percentage yield (APY) if you're doing it self-custodially (meaning you keep control of your keys).

But with Dual Staking on Core, you pair your BTC with $CORE tokens, and the yields jump to 4-6% APY. To hit the top "Satoshi Tier" rewards, you need to maintain a specific ratio of CORE to BTC. This clever setup encourages Bitcoin holders to buy and hold $CORE, boosting their returns while keeping their BTC secure.

It's not just individuals jumping in. Bitcoin miners and even institutional treasuries are getting involved. For example, Valour's yield-bearing BTC exchange-traded product (ETP) used Core's staking to deliver a solid 5.65% APY. And about one-third of all staked CORE tokens are now dual-staked with Bitcoin, showing real adoption as of mid-2025.

Tokenomics That Make Sense for Long-Term Holders

$CORE's economics are designed with sustainability in mind, which appeals to Bitcoin's scarcity mindset. There's a fixed max supply of 2.1 billion tokens—sound familiar? That's a nod to Bitcoin's 21 million cap. Emissions (new tokens released) follow an 81-year schedule with a 3.61% annual reduction, making issuance predictable and decreasing over time.

This setup creates a "multiplier effect." When you stake CORE, you earn rewards, which reduces the circulating supply and increases scarcity. It's a virtuous cycle that could drive up the token's value as more people join the ecosystem. For Bitcoin holders, this means $CORE isn't just another altcoin—it's a way to enhance their BTC holdings without selling out.

Community Reactions and What's Next

The tweet sparked some interesting replies, with folks highlighting how Core bridges PoW security with EVM speed—a combo that's tough to ignore. While some comments veered into promotions, the core (pun intended) sentiment is excitement about blending Bitcoin's trust with DeFi innovation.

For blockchain practitioners and meme token enthusiasts, Core's growing ecosystem opens doors for new projects. Though not a meme token itself, $CORE's community-driven growth and DeFi tools could spark meme-inspired dApps or tokens on the chain, especially with its low fees and high throughput.

If you're a Bitcoin holder wondering about diversification or just curious about the next big thing in crypto, Core DAO is worth watching. Check out the full details in the original BSC News article and join the conversation on X. Who knows? This could be the start of Bitcoin's DeFi era.

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