

Core DAO Introduces S-Prize to Incentivize Ecosystem Development



The S-Prize introduction will ensure that users gain access to valuable blockchain applications while rewarding builders for their creations.
Core DAO Announce Satoshi Prize
Following the imminent $CORE airdrop, Core DAO has announced the integration of a new reward mechanism called the Satoshi Prize or Core S-Prize.
In honor of the Satoshi Plus consensus mechanism and Satoshi Nakamoto, the innovation will be used for ecosystem development. According to the protocol’s Medium announcement, S-Prize will incentivize valuable Decentralized Application (dApp) development and reward builders.
“The goal of the S-Prize is twofold: (1) incentivize the development of real applications that deliver value to Core users and (2) reward builders for the value that they create on the Core network. As one of the world’s largest and most decentralized communities, delivering useful products on Core is the ultimate achievement,” Core DAO wrote.
S-Prize follows the protocol’s mission of ignoring grants that don't help users at the network’s early stage of development. Grants favor protocols’ development even when they don’t align with the network’s long-term vision. With S-Prize, developers will be rewarded based on their applications' value to the Core ecosystem, ensuring maximum benefit for users.
Through S-Prize, builders will be challenged with achieving milestones and completing objectives. Furthermore, the challenges will be time-dependent and paired with reasonable CORE rewards. Core DAO will announce the challenges, CORE prices, and payment timeline.
S-Prize promises to reward builders for their effort toward contributing true value to the Core DAO ecosystem. The initiative would benefit developers, users, and the entire Core community. By rewarding builders based on the value they add to the ecosystem, users can gain access to valuable dApps on the network. Overall, S-Prize will position the network to be a top player in the blockchain industry.
Read the Core DAO publication for more information.
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 displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Ice Network Releases Whitepaper: Here’s What You Need to Know

The Whitepaper details Ice Network’s components, including tokenomics and more.
Ice Network, a mobile mining blockchain platform, has recently made its long-awaited whitepaper available to its user base, referred to as Snowmen. The whitepaper was released to the public on September 28.
🎉 Exciting news! 🎉 Our Whitepaper is now LIVE! 📄 Access it directly from the app under the news section. 📲
— Ice: Decentralized Future (@ice_blockchain) September 28, 2023
New to Ice? Our invitation page has a fresh look and is packed with all the necessary info, making it easier than ever to dive in! 🚀🤓
But that's not all! We've…
For users eager to access the document, it is available through the Android application in the news section. The protocol has further confirmed that an iOS version will be released for iPhone users soon after confirming its submission on the Appstore store, which ostensibly not yet been accepted.
The whitepaper offers a comprehensive insight into the Ice Open Network (ION), providing information about various components of this mining blockchain. These components include IceID, IceConnect, IceNet, IceVault, and IceQuery. Additionally, the whitepaper delves into the intricacies of Decentralized Community Governance and Tokenomics.
Components of Ice Network
Here’s a quick overview of the components, according to the document:
IceID: IceID is the network’s decentralized digital identity designed to bridge the gap between real-world use cases and blockchain technology. The IceID allows ION-based and other Decentralized Applications (dApps) to interact with verified and trusted users while protecting their personal identification data with enhanced security and privacy measures.
“By decentralizing key aspects of digital identity management – such as data storage and access control – users can decide which dApps can access their data, which attributes are accessed, when they are accessed, and for what purpose,” the document reads.
IceConnect: Ice Network refers to this as “Decentralized Social Media,” aiming to promote information accessibility, limit censorship, and give authority over the spread of information to users.
IceNet: This is the blockchain’s Decentralized Proxy and Content Delivery Network. IceNet was introduced to give users “digital freedom in an era of increasing censorship.” With the service, Ice users can deliver uninterrupted content with privacy. Further, IceNet offers dApps and users secure, swift, and continuous access to content.
IceVault: IceVault is the network’s Decentralized Storage, designed to offer users an alternative to traditional cloud storage providers. Ice Network wrote that the IceVault “provides an infrastructure with reduced risk of hacks, unauthorized access, or data breaches.”
IceQuery: This is the last component, the Decentralized Database, created to provide a transparent, trustworthy, and secure database system for dApps building on the ION ecosystem.
Ice Network aims to provide a comprehensive solution for dApps, data management, and digital identity by combining all components into its platform.
“By integrating these features into a single, scalable blockchain infrastructure capable of handling millions of requests per second and catering to billions of users, the Ice Open Network aims to provide a comprehensive solution for decentralized applications, data management, and digital identity. This positions ION at the forefront of a new, user-centric digital landscape,” Ice wrote.
Building on TON’s Foundation
According to the whitepaper abstract, ION is building upon the foundation of The Open Network (TON) blockchain. Its primary goal is to establish an ecosystem of decentralized services that encourage active participation and genuine content creation. This ecosystem is designed to reward contributors and foster the development of authentic content.
The release of Ice Network's whitepaper is a significant development for the Ice ecosystem, offering a detailed and transparent overview of the platform's key components and objectives.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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