Core Mining Satoshi – A Newly Built Crypto Currency Project, Currently On Its TestNet Stage, And Gearing To Activate The MainNet Soon.
Upon the activation of the testnet phase on the Q1 of year 2022, there has been processes which the users has been participating on, ranging from, generating tCORE address via MetaMask wallet, linking (adding) the address on their core mining app to receive daily hash reward – whenever they initiate a test transaction per day, staking (delegating) tCORE to existing testnet-block validators.
While these operations are ongoing, the team of developers pioneering the project has hinted that, the testnet assets generated on the minersʼ MetaMask are strictly for testing purposes, and do not have real value, as they’ll be erased occasionally to perform fixes, clear bugs.
tCORE simply mean, testnet-CORE. It is different from the CORE on the Satoshi app. Anyone can generate tCORE from the faucet section shown beneath the testnet web page: test.btcs.network – scroll down to the bottom of the page. You can also view the document for better details and guidelines.
Participating on the on-going testnet processes ain’t mandatory for everyone, but it is advisable because it will help newbies in the crypto to understand how sending and receiving of digital assets work, how delegating can be done, and how to safeguard their non-custodial wallet passphrase and private key.
For the new comers on crypto-currency, it is advisable to engage in the process to understand better, then by the Mainnet phase – you must have mastered the operations, to avoid mistakes that’ll make you loose your CORE at that time.
You can revisit the TG Announcement Channel to grab the guidelines for starting your testnet operation on Satoshi CORE Mining. Additionally, join the TG Chat Group for the exchange of HashCard and other related info.
On the Mainnet stage of the core mining satoshi, and how the trading (exchange, cashout) will be. Most of the processes ongoing on the TestNet will be replicated; just like the delegating specifically. When you delegate, you earn CORE rewards – which is another medium of getting CORE when the app mining ends.
Will trading of core start immediately at MainNet? Basically, nobody can categorically give the correct answer, and speculation shouldn’t be accepted. Nonetheless, it is advisable to await the the system stabilises then before engaging in any form of participation. Be smart.
As the main-net anticipation of CORE rallies, comes increased scam attempts. The dev team will never have the ability to prevent scammers from impersonating them on all the various other social media platforms out there – Twitter, Telegram, Reddit, Discord, Facebook, etc… If you see @Coredao_Org represented on any other channel, it is a SCAM. If a anyone messages you via DM and claiming to be representing them, that’s a SCAMMER! Stay safe out there.
At Mainnet, there will be numerous bad players that will be throwing interesting and catchy baits to get many people hoodwinked into sending them CORE or ignorantly granting them access to their wallet key, beware. They will NEVER DM you first or add you to any groups. They won’t request for funds from you, or recommend that you connect your wallet to a fake website. We’ll continue to do our best to protect every miner here.