What is a core token?

In addition to transaction fees, CORE tokens are also used for staking. Staking is a process where users lock up their coins to support the network and validate transactions. Core allows users to stake both Bitcoin and CORE tokens on the network. This not only strengthens the network's security but also provides an opportunity for stakers to earn rewards.

CORE tokens play a pivotal role within the CORE network. They serve as a medium for transaction fees. Users are required to pay for transactions and smart contract executions using CORE tokens. This mechanism ensures that the network remains operational and sustainable.

Staking CORE tokens on the Core network offers several benefits. It helps in securing the network by increasing its decentralization. Moreover, stakers are rewarded for their contributions, which incentivizes more users to participate in the staking process. This, in turn, enhances the overall stability and reliability of the Core network.

BTCC is a leading cryptocurrency exchange that offers a range of services to its users. Among its offerings, BTCC provides a platform for trading CORE tokens. With BTCC, users can buy, sell, and trade CORE tokens with ease. The exchange ensures a seamless and secure trading experience for its users.

BTCC's services extend beyond trading. It also offers a wallet service for storing CORE tokens and other cryptocurrencies. The wallet is designed to be user-friendly and secure, ensuring that users' funds remain safe and accessible at all times. Furthermore, BTCC provides futures trading options for CORE tokens, allowing users to speculate on the future price movements of the token.