🌐Introduction

CoreDAO SWAP TOKEN is an application token issued by CoreDAO Swap. It is an important token to promote the development of CoreDAO Labs. Based on the CoreDAO economic model, all participants and developers are encouraged to invest in the maintenance of the overall ecological network through the community governance of tokens.

Economic Model

In CoreDAO Swap's economic model, there are two ways to earn CDAO. First, users can get airdrops through early participation in product testing and community contributions. Second, they can get mining rewards through CoreDAO Swap.

On the other hand, all transaction fees for CoreDAO Swap will be regularly used to buy back tokens in the open market, and will be distributed proportionally to token stake holders and development committees.

Development Committe

The Development Committee is mainly responsible for promoting the development of the project and building the community. In the early stages, it will be comprised of CoreDAO Labs, community contributors, and delegates with a majority vote. The latter stage is entirely elected by the community.

Purpose:

CoreDAO (CDAO) is the only ecological token in the whole CoreDAO ecosystem. CDAO is zero transaction tax point, and can be used in CoreDAO, CryptoRich3, CoreDAO, etc. It is indispensable in the CoreDAO ecosystem.