LiteCORE DAO

LiteCORE DAO
4 min readDec 2, 2022

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White Paper

1.Introduction

We need Public Token
Bitcoin was created with the advent of Satoshi Nakamoto’s (2008) paper, and for the first time in history people were able to manage money. After that, with the appearance of smart contracts represented by Ethereum, anyone can easily start issuing tokens on the blockchain. By issuing tokens, it can be said that some people have the right to issue currency, however, the current situation is that a large amount of tokens that can be said to be worthless are issued in large numbers, and there are many cases where some people such as operators, pre-sale participants, venture capitalists, etc. Unfortunately, this is a centralized structure same as the real world. The current situation is not suitable for interests of the all token economy. We believe that we need a truly decentralized valuable public token with a decentralized community.

CORE-STAKING

Core public chain is a truly decentralized blockchain that can handle smart contracts, protected by Bitcoin’s POW and SatoshiPlus Consensus designed by CoreDAO. On the Core Chain, anyone can actively participate in block approval work by staking 1 CORE or more. This has the meaning of acting on behalf of banks, lawyers, administrative agencies, etc., so staking CORE coins is an intrinsically valuable act. CORE stakers receive CORE coins as rewards. We believe that CORE staking is a great opportunity for the general public, but for most light users, setting up Metamask and staking itself is difficult, and the problem is that they cannot reach CORE staking on their own. It’s a point. In the future, CORE staking services will be provided on centralized exchanges (CEX) and dApps. However, as can be seen from the cases of FTX and LUNA, it is clear that we will manage our own assets non-custodial by eliminating extra fees and risks paid to third parties.

2. Mission

We support non-custodial asset management while expanding the Core community to the casual crypto user.

3. Vision

To construct fair and free decentralized society.

4. What is LiteCORE?

Public token

We aim to create a free and fair public token that is truly decentralized and has true value on the Core Chain.

Buyback system
We will buy LiteCORE with 5% of the CORE staking reward and secure the value. It is done at the free will of each DAO member.

Deflation
We will burn all remaining tokens from initial supply minus liquidity.
Normally, this part can be allocated to marketing, advisors, donations, etc., however, it should be burned,because it cannot be verified.
We will buy and burn LiteCORE with project profit by DAO .

Free trade
100% of the circulating tokens will be used for liquidity and LPtoken burned, so they are freely tradeable

forever.
LiteCORE will be used as a governance token for DAO.

Light
There is no tax on all purchases, sales, and remittances.
We oppose tokens that decrease by a few percent just by remittance or buying and selling.

Secure
Open Zeppelin ERC-20 standard token, MIT licensed.

5. Why LiteCORE?

It may be a smarter choice to stake 100% CORE coins on the Core Chain. However, LiteCORE exists for those who have missed Bitcoin and CORE, grass coin enthusiasts, dreamers, and light users who cannot distinguish between tokens and L1 coins. LiteCORE should be able to reduce the damage of buying SCAM tokens. Also, we are fans of cryptocurrencies, so we understand the desire to enthusiastically support one token. And the value of the token should be intrinsic, and that fairness strengthens the bond of holders. LiteCORE protects investors from tokens (including big name tokens) that are created only for the operation to make money.

6. Tokenomics

Name: LiteCORE
Symbol: LCORE
Issued number: 210,000,000,000
Burn: 110,000,000,000 (52.4%)
Liquidity: 100,000,000,000 (47.6%)
Contract address:

0xf1706c93319bba76c0c7736c01067c2cb72d8c4b
Listing: ShadowSwap

Launch price:
0.0000000001 CORE
Fair launch

Date: February 14, 12pm UTC

No presale.
100% of circulating tokens will be used for liquidity.
All LP tokens will be burned.
Remained all tokens will be burned.

7. DAO

LiteCORE DAO consists of a set of holders who agree with LiteCORE’s Vision, and LiteCORE is used for governance and decision-making of DAO. The tokens used for marketing have been burned, so marketing will be done independently by DAO members, aiming for as many zero kills as possible. Projects are planned and implemented by members based on DAO’s Mission and Vision. The profit obtained there will be used for LiteCORE’s purchase burn, contributing to zero kill by raising the price of LiteCORE. The wallet used for the project will be published on the blockchain.
DAO’s activities will develop as the community expands, but the initial projects are the following four.

Staking support ~Satoshi Spirit~
SatoshiSpirit provides free support for cryptocurrency beginners, such as how to stake CORE, how to handle wallets such as Metamask and precautions, how to use Dex, how to use blockchain scan, etc. We support you to manage your assets yourself instead of entrusting them to a third party.

LiteCORE Mining
We will purchase LiteCORE with 5% of the CORE staking reward. Secure and raise the value of LiteCORE. Supporting the long-term rise of LiteCORE by obtaining a strong correlation with CORE Coin.

NFTs
We will collaborate with designers to develop NFT collections and conduct airdrops. Designers exhibit individually, and DAO supports marketing. LiteCORE purchase burn with project profits.

Social contributions
We will respect the spirit of Satoshi Nakamoto and pursue fairness. We will conduct P2P donation activities etc. withq Core Chain.

8. ROAD MAP

2022 q2 ☑ Satoshi Spirit
2022 q3 ☑ LiteCORE DAO
2022 q3 ☑ Test coin issue
2023 LiteCORE issue
2023 LiteCORE mining
2023 NFT airdrop
Community expansion
1 zero killed
2 zero killed
3 zero killed

DApps

Moon

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LiteCORE DAO
LiteCORE DAO

Written by LiteCORE DAO

LiteCORE DAO - the official org developing LiteCORE e cosystem on Core chain and building lite community for CORE holders. Join us : https://t.me/BTCs_JP

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