Core Chain: A Bitcoin-powered, EVM L1 is unlocking Bitcoin DeFi

Recorded: Feb. 23, 2024 Duration: 0:54:19

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Hi, Brandon. Can you hear me?
Yes, how's it going?
Hey, all good from my side. Just want to
help you check the microphone before our AMA.
Can you guys hear me?
Yeah, I can hear you.
OK, great.
Is it coming in clear, or is it a little delayed?
I think there's a slight delay.
I don't know whether it's on my side or your side.
How about this?
Is this any better?
Yeah, much better now.
We need some of that classic elevator music.
Yeah, that's going to be a great idea.
We need pre-kickoff.
Those are always funny.
Well, I guess that we have populated quite a small crowd
right now, so we can start.
Microphone check one last time, one, two, three.
Ladies and gentlemen, welcome back
to Hook on Web3 Mastery Space with the next partner
on our Hook 2.0.
My name is Claire, and I'm going to be your Hook close today.
We are so honored to welcome Cordell, a Bitcoin Power EVM
compatible blockchain that can buy proof of work
and a dedicated proof of stake.
As we just launched the space, so in order
to keep the seat warm, stay tuned
and we welcome more fantastic audiences to join us.
Don't forget to spread the word to your friends.
Give us a like, a retweet as usual,
and click follow Hook Protocol and Cordell
X Twitter official account right now to get latest updates.
While we are waiting for more audiences to grow,
let me give you a reminder into what Hook 2.0 is as well
as our vision for mass adoption in the nearest bull run
as the visionary expansion of Hooked social learning
ecosystem with a focus on Web3 education.
Hook 2.0 aims to establish a comprehensive Web3 social
learning environment.
The key features include a vast social learning
metaverse, an app chain infrastructure powered
by Hook token, and multiple opportunities
to generate yield to Hook rewards.
And of course, let's not forget about our amazing partner
Cordell is our next partner in our journey.
And trust me, they have so many interesting and valuable
updates regarding Bitcoin DeFi solution
that we will get to know deeper later on.
The topic that we are covering today
is Core Chain, a Bitcoin Power EVML1 Unlocking Bitcoin DeFi.
It is our honor to also have Brandon.
As you have heard some of his joke before this AMA,
he's the initial contributor at Core Deaf
and he will share more.
Brandon, the mic is all yours.
Feel free to have a quick introduction about Core.
Yeah, sorry about that.
It actually cut out there, Claire.
So my fault, not sure if that was on my end.
Am I coming in clear now?
Yes, loud and clear.
OK, perfect.
So I appreciate the kind intro.
Great to be partnered with you guys on this
and really appreciate the platform
and bringing education into the ecosystem.
So again, thank you very much for hosting as well, Claire.
And yeah, again, the kind words.
So I think the question was to do a bit of an intro
on myself, correct, and then Core?
Yes, yes.
OK, perfect.
So I don't like to talk about myself much,
so I'll keep that pretty short.
But generally have been working in the tech industry
for about 15 years or so.
Originally as a co-founder and CEO of a company in the FinTech
space that I grew and raised VC money with
and ultimately exited to a private equity firm with,
I was always interested in crypto on the side.
And I just didn't have a ton of time then running a company,
but it was always really fascinating to me.
And as a company that had FinTech products,
I always saw a lot of potential.
So after I left the company, I was
able to dive in quite a bit more deeply,
enjoyed DeFi summer, which now feels like a long time ago,
and really just opened my eyes up
to a lot of the possibilities of smart contracts and crypto
and self-sovereignty.
So yeah, just really loved the space
and knew a few folks building here at the core blockchain.
And they asked me to kind of come join and help
launch the chain about 18 months ago.
And I was just very impressed with the mission
vision of the team, how they were trying to bring utility
to Bitcoin and bring an EVM layer on top of Bitcoin.
That was very interesting.
And then the other piece was they
had done an incredible job at building up a massive community,
which I'm sure you guys have seen.
It just seemed like a great project.
And the team itself had a lot of experience.
They had also worked at large crypto companies
or created companies and sold them.
And it was just a group of contributors
that I wanted to help.
So that's the story of how I got involved in the project.
It's been 18 months now.
So a little brief on Core itself.
So as mentioned, I think we're going
to get into a lot of detail.
So I'll keep this fairly high level.
So Core is a Bitcoin powered layer one chain.
And the goal in creating Core and bringing Core to market
was really to combine the best aspects of Bitcoin
and Ethereum into one chain.
So what's really unique about Core
is you've got this EVM layer.
So scalability, high throughput, smart contracts.
And its own token Core and its own L1.
But the Bitcoin has been incorporated into the consensus.
And it's actually built on top of Bitcoin mining as, again,
a key piece of the consensus.
So large mining pools participate in the Core network.
And they actually, so they're producing blocks on Bitcoin
using hash rate and work to produce blocks on Bitcoin.
They then can redelegate that existing hash
rate that they're using on Bitcoin network.
They redelegate that hash rate to validators on Core
to help secure the Core blockchain
to participate in governance.
And they ultimately earn Core rewards.
So we're very aligned with Bitcoin miners.
It's a key part of, again, the consensus.
And it is a very novel concept.
Hi, Brandon.
Have you finished?
Yeah, I just wrapped up.
I know we're going to go into a lot more detail.
So just wanted to give a brief overview of Core
and my background there.
Of course.
I think it is always very, very exciting
to see a Web2 fellow with a huge passion about Web3
and cryptocurrency slowly turning that passion
into a real career with the core contribution into the team.
No pun intended.
And I'm sure that the Core team member will also
appreciate the experience that you brought from 15 years
of experience in the FinTech and other technology company
that you have done in the past.
Let's start with our first question.
So we have heard about mechanism proof of work.
And we have heard about proof of stake.
And both of them will have the pros and cons.
So could you please elaborate more
on how CoreDAO Satoshi Plus consensus mechanism combines
both proof of work and delegated proof of stake
to address the blockchain triloma?
And what advantages does this hybrid model
offer to the devs, as well as on the end users' point of view?
And love the Core puns.
That's one of the joys of having a Core chain,
is we use Core a lot.
So love the puns.
And yeah, I appreciate it.
And great question.
So I'll try and tackle this in a few angles.
And I'll try and do it somewhat slowly.
So the question was, the benefits of proof of work
and proof of stake.
Obviously, proof of stake has higher scalability, right?
So you're able to have typically more transactions
and lower gas fees, yet proof of work
is generally more secure and decentralized.
So the thinking was, in developing Core,
what you see, the downside with the proof of stake chain
generally is a couple providers generally get most of the stake
and therefore reap most of the benefits
and can hypothetically control most of the network.
So again, it's scalable but runs into limitations
with decentralization and security.
That's where Bitcoin comes in.
Bitcoin was obviously the first blockchain,
first cryptocurrency to really kind of get massive adoption
here with the ETF, which is very exciting.
But the other thing it did really well
is it was an incredibly fair launch.
And it was very decentralized from the start.
So it's hard to debate that it's the most decentralized
and secure blockchain there is.
Its limitations, though, are you just
you can't do a lot of transactions on it
and it's not composable or scalable
as it does enough smart contracts.
So combining, that was basically the thinking of combining both
is we can take this, basically incorporate
this incredible security model and governance
from Bitcoin, which is very decentralized and secure
and trustworthy and proven for the last,
because it's also been 15 plus years or so,
and provide EVM scalability and composability on top of that,
like almost like a dappler, where
builders can come build all these great projects, games,
NFTs, have fun, and basically combine those two things
together.
So what's interesting is now I'll
get to the point of how it works.
So that was just a bit on some of the pros cons
and thinking there.
So validators on core, if you're running a validator,
basically there are two, there's this hybrid mechanism, right?
So you can, big mining pools can delegate hash rate
to a validator.
And then as a core user, you can also
stake core like any proof of stake chain.
And basically, validators are ranked.
There's an election process every day, every 24 hours.
And there's a limited amount of slots, so right now there's 21.
And you can all see this live at stake.core.org.
And basically, there's a scoring model for the validators
based on how much hash rate they have received,
basically delegated hash rate, how much proof of stake
they have, so how much core is actually staked to the validator.
And putting those two together, there's a hybrid score.
And that's how we actually score and elect validators.
So what's interesting is you can use those two variables.
And it creates a validator set that can change quite rapidly.
But it also ensures that the top few staking providers
don't reap all the benefit or control most of the network
because you have this other variable, which
is the mining hash rate.
So yeah, that's things in a nutshell there.
And hopefully, add some clarity into some thoughts
around the proof of work and proof of stake piece.
Thank you, Brandon.
I think that the follow-up question
might be on the mind of a lot of community members
as well as people who have got the piece of knowledge
about proof of work and proof of stake per instructed by you.
I can see that core is inheriting
the best of both worlds.
But I believe that this might not be the first time
that such an idea is incorporated into a team.
So is there any direct competitor
with the same kind of combined hybrid consensus in the market?
And is it difficult for you to do such a model comparing
to either choose just one or two consensus and go with it?
Good question.
And like the hard questions, first of all,
I also should have said that this consensus is called
Satoshi Plus.
And it was an invention by the core contributors.
So it's kind of the first of its kind and very unique.
Getting back to your question, Claire,
it's a really exciting time with Bitcoin, honestly.
I mean, I'm sure a lot of people have noticed.
There's a big narrative.
We're going into the halvening.
There is obviously just the ETF.
But those are kind of macro pieces
that are super exciting.
But I think what people are more excited about
is some of the utility, right?
So I think the ordinals kick from last year.
So these inscriptions really highlighted
some of the possibilities.
At least it opened up people's minds
to what can be done on Bitcoin.
And so as a result, I think it's very,
there's kind of this kind of laughing
because there's an event next week at ETH Denver
called Bitcoin Renaissance.
But there's a bit of a renaissance
of going back to those original ideas
around how can we scale Bitcoin?
And how can we provide utility on Bitcoin?
And there's a few approaches on that.
So there's a few competitors in this space
varying in a bunch of different ways.
So there's folks that are just straight up trying
to do Bitcoin layer 2s.
So those would be actual just layer 2 chains
that scale but also settle on Bitcoin.
I think that's interesting,
but inherently you're pretty limited by the main chain.
The main Bitcoin chain does things very well
for what it does, but it's very hard to scale
and even settle transactions, right?
You're kind of limited to the longer block times.
So when it comes to core,
there's been a few similar methods that we have seen.
We think there were a lot of merge mining side chains.
So they would use, basically that model
is to use unused hash power
from basically using unused hash power
from miners and mining pools.
So for example, if you don't earn a Bitcoin block,
that power, you don't get the block,
but that power you use to try and earn the block
could be used elsewhere to secure another chain.
You know, that's interesting,
but not as secure as using the actual hash rate
from producing Bitcoin blocks on Bitcoin.
So a few competitors there
and a few different approaches I mentioned,
including merge mining and Bitcoin L2s.
I think generally this is a huge space.
Like there's over a trillion dollars of market cap in Bitcoin.
Seeing just a small percentage of that move over
into what we're calling Bitcoin DeFi.
I think that creates just a massive space
for multiple approaches and people to try and scale Bitcoin.
And I'm just really excited about all the excitement
and hype and great builders
that are trying to scale Bitcoin right now,
because the timing is right.
And it's just a huge opportunity
to chun cracking some of the utility
and trap liquidity on Bitcoin.
So yeah, I think there's room for many approaches.
I think ours is very novel to reasons we've kind of highlighted
and I'm sure we'll get into more,
but it's just a really exciting time
for anyone building on Bitcoin.
I see, I think that I was still one of the messages
that I got from another partner
that is there's no real competitor in this market.
We are all contributors to the mass adoption,
to the greater development of Bitcoin, of crypto in general.
So, but overall, this is a great opportunity for me
to learn more about the technology
as well as the different approaches
and some generic idea of the difference
between each of the approaches provided by you.
Let's move on to the next question.
It is about core token.
So core token is the base layer currency of the core chain
and it will be overseen by the DAO.
Can you shed some lights on the governance structure
of the core DAO and how it will contribute
to the value accrual and usability layer
for decentralized application within the core chain?
For sure.
And our website's coreDAO.org.
So you gotta talk about the DAO piece, right?
And also just talk about the tokens.
I think it's a good chance to talk about tokenomics.
So thanks for that question, Claire.
So before I jump into the DAO,
let me just quickly talk about core token
and maybe the tokenomics.
So again, core is its own layer one blockchain.
So again, it's not a layer two.
It's a layer one with its own token called core.
There is a max supply of 2.1 billion tokens.
And that's a little head nod to those in the Bitcoin world,
the 21 billion Bitcoins.
There will only ever be 2.1 billion core tokens.
I'm not gonna go over all the entire breakdown,
but some important things to note,
25% of the total supply was allocated to the community.
So core, which was really,
I mentioned that the team had a lot of experience
in the past and had been involved in a lot of projects.
One of the things we wanted initially
was to not raise outside capital or do inside token sales.
So to this day, there has not been a pre-minor,
a token sale with an institutional investor.
So what that meant is there's no early token holders
that can dump and instead we allocated a large percent
of the supply to the community, again, 25%.
And when we launched a year ago,
over 2 million folks claimed that airdrop
and they're still claimed, I think it,
they got it like 25% upfront
and it's been vesting thereafter monthly.
So first of all, what's really exciting
about the core token is it had a very large
and distributed token holder base from the start.
And you kind of see that within our community today,
it's very vibrant.
And we, again, had a very distributed holder base
from the start.
The second thing that we put into practice
was the mining rewards.
So the block rewards are paying out for 81 years,
like a very long time for this
because we see this as a very long-term project.
And yeah, again, the block rewards
will pay out for 81 years, which is great,
meaning Bitcoin miners and pools
will continue to earn core rewards
even after the Bitcoin rewards have stopped,
which is I think around 2040, give or take.
Okay, so we've kind of talked about the token there.
So the utility of the token is similar to other L1s
where it's a gas token, right?
So it's the native token of the chain.
You use it to pay fees,
and that's how the chain earns fees as well.
And you can also stake it at stake.core.org
and very soon participate in governance proposals.
The thinking with core, which is a pretty common strategy
with most larger projects
is to decentralize over time.
It's even like a great point.
I think Chris Dixon went over it in a lot of detail
and read, write on, which I thought was great.
But generally we created this incentive structure
with a big distributed base from the start.
So a lot of holders, a lot of participants
that hold the token and can participate in core
through staking.
And then over time, like I think we're already starting
to roll out our first governance proposals,
over time, we wanna become more and more decentralized.
So there's a core team, again, no pun intended,
that is taking care of,
really trying to contribute with BD, marketing, et cetera.
But we're progressively getting the community
more involved in a variety of roles,
whether it be ambassadors, other marketing tasks, et cetera,
and slowly opening up more and more governance proposals
and snapshots so the community
can participate more in governance.
So that's our plan is just over time,
we'll become progressively more and more decentralized.
In terms of the token,
there's not much the DAO can do
to change the token at this point.
Again, it's like, it's a fixed supply of two,
the emissions are hard set as well.
The thing that the DAO may be able to think about
is a burn function, which has been coded in,
so that maybe there's a burn,
which would be similar to like the sound money meme
where the token supply will be reduced over time
through burn fees.
So that's something the DAO can think about,
but generally those are a few things that the DAO,
how we see the DAO progressing in the future
and how the tokenomics work
and how those two things intersect.
Speaking on the topic of the importance of community
and how generous it is in the structure of the token
towards the DAO and the community itself,
this question might seem a little bit leaning
towards marketing and sales strategy,
but I can see that Core DAO is having a huge community
with a very energetic participants.
Could you share a little bit more on the case studies
and the successful cases that you have done
in order to achieve such success?
Yeah, for sure, happy to share about that.
I think we've talked about it in the past.
So again, I think the big thing was looking at the past
and trying to create a token design from the start
that included community from the ground up.
So again, like 25% of the supply was earmarked
and allocated to the community, which is very exciting.
And the community held the token
since day one through the airdrop.
And that was, again, by design.
So I think if we start there,
that was just the intention that it makes
been very different than many other projects.
So you really include people into the project
and ownership from the start.
And then the question is how did Core get all these folks
to begin with, right?
Because there were 2 million people who claimed,
2 million plus who claimed and launched last year
on February 8th, 2023.
So again, this comes back to the team, I think,
and the experience that the Core team,
Core contributors have, building web two products
and building technology companies in the past.
So there's always this thing like,
they pushed forward the Satoshi Plus technology
and that was really novel,
but no one's really, not no one,
but it's very hard to, even if you have the best product,
it's really hard to get people to use it
if you haven't built the community
or people don't know about it.
So that was the other half of that successful launch.
So the contributors really thought about
how can we get these people?
We've got this awesome technology,
this very clear mission to be Bitcoin aligned.
How are we gonna actually build up a community
and get folks involved?
So partnered with this product
that was built by some colleagues of the contributors
called Satoshi App.
And it was basically a product
that folks could download still goes today.
And initially it was checking prices
and different things like that.
But by participating in that app,
which by the way, was done for two to three years
before the launch.
So there was a lot of work done
on the technology and the community.
Users and folks could accrue rewards
and a proportion of the AirDrop rewards by using that app.
So it was a great way to pre-build
and pre-seed a community
and provide ownership from the start.
And here we are a year later,
still have an awesome and engaged community
that's only grown.
I think there's over 5 million plus token holders today.
So the strategy seems to be working,
although we're still pretty early in the journey.
I see, I think that it is very important
to highlight the benefit of the users
when they participate and be the real contributor
to a project, not just some pass it by
or just all time fun.
And then they will just leave
when there is no longer benefit to them.
So kudos to the team and to yourself as well,
Brandon, for thinking of such a very well
and stable mechanism to get the user
not only to come into the first funnel of conversion,
but also to stay until today.
And in your last sharing,
you mentioned about the keyword
that we are coming to a Bitcoin having in,
let's say less than 60 days.
So with a project like Cordial
that is heavily dependent on Bitcoin itself,
do you have any major change
or do you have any preparation or good news
that you can share with the community here?
Yeah, happy to share it,
because there's a few,
oh, can you guys hear me?
Oh yeah, okay, now it's working, I think.
Wasn't getting the feedback on the app here.
So yeah, the Bitcoin having is coming,
super exciting time, not financial advice,
but no, I think it's just really exciting times for Bitcoin.
Anytime there's a happening,
it generally just brings awareness
and excitement to Bitcoin.
And now with the ETF and these utility
that we've talked about like ordinals
and these scaling solutions,
it's just brought a lot of excitement to Bitcoin.
So I think the big thing that we're thinking about
is just, hey, there's a lot of awareness
and excitement around Bitcoin right now,
we just wanna maximize on that as much as core can,
because the core chain is just very aligned
and works well with the incentives
of Bitcoin miners and pools.
And I should have mentioned, by the way,
50% of Bitcoin's hash rate,
like basically 50% of the pool power
is already participating in the core network.
So I don't know how I missed that initially,
but it's not just an idea.
Over half of the Bitcoin hash rate
is already participating in the core blockchain
every single day, which is incredible.
So a few things that we're excited about
leading up to this though,
that I haven't gotten into.
Again, we're very aligned
with the incentives of Bitcoin.
We've already proven that with mining pools.
Our next step and the next major piece on our roadmap
is we're adding,
we're basically gonna add a new piece to the consensus
and it's a non-custodial Bitcoin staking product.
So what that means is if you own Bitcoin,
you're gonna be able to stake Bitcoin to a core validator
without having to leave the Bitcoin network.
So you don't need to wrap, bridge, or move your Bitcoin
and you hold your own keys.
And you're gonna be able to stake to a validator
and earn rewards, basically core block rewards
for staking your Bitcoin.
And again, we're then gonna rank validators
based on how much hash rate, core stake,
and Bitcoin stake they have.
So you also get to participate in governance
as a Bitcoin staker and earn passive yield.
It's pretty incredible because it turns Bitcoin
into a yield generating asset for really the first time.
That's actually real.
We've all seen block five Celsius.
We saw the, for lack of better word,
the shit show that that was.
And I think it really scarred a lot of Bitcoiners
because none of the yield was actually real.
One great thing about Ethereum is it has a native yield
built into the token through staking.
So with this, for the first time,
there's a native yield built into Bitcoin
that comes from core block rewards,
which again are paying out for the next 81 years.
So we're super excited about that.
Folks staking Bitcoin and having Bitcoin holders
participate in governance
and participate in the core network.
So super excited about that.
We've launched our roadmap
and I've talked about it extensively on the core now Twitter.
So you can check it out there.
The second piece that I think is really exciting is,
there's some people who want
to do even more with their Bitcoin.
So the other piece to this is a wrapped,
there will be a wrapped Bitcoin asset on core
where you'll be able to mint
or bridge other Bitcoin assets directly
on the core blockchain and use Bitcoin within DeFi.
We're really bullish on Bitcoin five, Bitcoin DeFi.
I think there's a Bitcoin five summer coming
and excitement around actually using Bitcoin to do things.
And that's gonna be enabled on the core chain
through a core Bitcoin asset.
So super excited about that as well.
A lot of great builders building Bitcoin utility
on the blockchain.
There's a Bitcoin perpstex, Bitcoin money market,
Bitcoin powered NFT marketplace
and some and then it's Bitcoin decks and inscription decks.
So a lot of great things that you're actually gonna be able
to do with your Bitcoin on core coming very soon
with that enabled.
So those are two of the biggest pieces
I think that the contributors are excited about
and the community is really excited about.
Thank you so much for that sharing.
I was about to ask you that this is the first time
that I have heard about the term non-custodial Bitcoin staking.
And yeah, through your explanation,
it is indeed the first time that we heard
about something like that.
And Bitcoin five is looking for,
it is having a great future ahead of it
that we have all of the reasons to believe in the security,
the scalability, as well as the many features
that we can look forward to in terms of DeFi.
And with that, I believe that education for users
is also playing a crucial role for any investors,
anywhere three levels to understand what is the difference
between DeFi in the usual term and Bitcoin five.
So with the collaboration with Hook Protocol,
an educational platform, do you have any expectation
or any plan to work together further
and shed more light into the education of Bitcoin five
via our platform?
Absolutely.
Yeah, absolutely.
I think there's a few ways to interpret Bitcoin five
and Bitcoin DeFi.
I think it goes back to the original point.
There's just a lot of excitement
around building on Bitcoin.
So in some ways it's a movement,
it's a movement or some excitement around,
in simple terms, it's bringing some sort of DeFi utility
onto Bitcoin, because again, historically has not had,
you don't have smart contracts,
it's not composable.
So we mentioned a bunch of approaches
of folks really innovating in the crypto and Bitcoins
base to bring utility and composability to Bitcoin.
And we talked about the multiple approaches
and Coors approach as an EVM layer
on top of Bitcoin mining pools.
So it's really this push towards unlocking
that latent demand in Bitcoin
and bringing DeFi utility in one of those fashions
to Bitcoin, Bitcoin itself and the Bitcoin,
blockchain powering that in some way,
whether it's through an L2 or through Satoshi Plus.
So it's super exciting.
And I think it's something people have been looking for
for a long time and would be happy to share.
Our team is very deep on this
and would love to share as much as possible
with the Hooked community.
Thank you so much for that.
And I do believe that we have a very promising future
together to bring more knowledge and experience for users
to put that into practice
and the success of our users
will also be the success of the projects.
Right now, we will start taking the questions
from the community.
So if you have any concerns, any inquiries
that you would like to understand more
about Hooked protocol, about call-down
and about the collaboration that we just mentioned,
feel free to comment below into this AMA.
The first question from the community
is from the user ID Lady Killer.
Call-down has success in the long journey until now
with a lot of partners network.
So what is the partnership strategy
in the short term and in the long term?
What is your collab priority to bring more values
for users and builders on core?
Great question.
Lots to unpack there.
I think the first thing we'll say
is as a relatively new chain, but now we're
seeing some crossover with builders.
Initially, the strategy is a lot of outreach and meeting teams.
And it's a bit more work to educate builders
about the core of blockchain.
I think we're starting to cross over now
where folks are really excited in Bitcoin 5, especially
builders, and they're looking for the best solution
or chain to build on.
But all that's to say is that initially, it's
a lot of pushing or pulling, basically trying
to get builders.
And then the strategy long term ideally
is that we're mature enough where we become the number one
choice to build on for anything A, Bitcoin related,
but just generally based on the Satoshi Plus consensus
and what we've built.
The things that resonate most with builders thus far
is the novelty of the chain itself.
So again, Satoshi Plus, the alignment with Bitcoin.
A lot of crypto builders, their first entry point into crypto
was Bitcoin.
And a lot of folks still love and believe in Bitcoin,
want to build on Bitcoin, but just haven't had an opportunity
to due to the limitations of what could
be done over the past decade plus.
So yeah, I think there's just this renewed excitement
on where to build and what kind of things to build in the space.
And for that reason, folks are super excited about core
and core's approach and the alignment with Bitcoin.
And then in terms of things that can be offered,
we're really excited about this grants program
that we've launched.
It's live on the site, so any builder can apply.
It's very clear and you'll get a response very quickly.
So that's a way to support builders
and help them launch new projects on the chain.
And then we also have, we'll be coming up with an announcement
soon, but core ventures.
So core ventures is more of a venture capital style
investment strategy for folks that
are looking to raise actual money for the project.
And we have also partnered with a variety
of VCs through our venture network
and try and help those great projects get funding.
I think that the last piece of information
might strike a lot of deals for core down
and to get more projects to build on core.
Right now, when the market is getting a little bit warmer,
we are expecting the bull run in the near future.
A lot of projects are blooming and they
are in dire need of funds.
So good luck on that.
And it is very exciting to hear about all of the updates.
We are now receiving a lot of questions,
but we will take only one more before we are closing
as we are coming to the end of time for today's AMA.
The last question for today is from a user ID bitcamp69.
Is there any campaign now on core
that I can join to earn rewards and learn more about core
platform and how to get started?
I don't realize that was on.
I mean, I think the main campaign right now
is this one, right Claire, with Hooked?
Yes, I was about to self-advertise,
but I think that would be a little bit too
embarrassing to do that.
And I'm planning to say that after you.
Just a bit too much of a show to start.
But no, I think that's probably the most, that's honestly
the exact reason we're doing this and partnered, I think,
is to educate folks.
And I think there is a reward component,
but I'll leave that with you.
The other place I'd like is follow the Twitter
account, the Twitter account shares tips pretty much every day
and what's new and is very active.
So I would check that out.
And then the second piece, this isn't actually live yet,
but there is a core academy launching very soon, which
is meant to provide tips, education,
and just to help folks about certain basic questions
about core.
So maybe there'll be news on that in the near future.
But for now, I think the best option
is with Hooked, which I think Claire will talk about,
and then our Twitter.
Just a quick question, is the core academy
provide the knowledge towards the builder,
or both the builders and the end users?
A little bit of both.
I think it'll be more geared around users truthfully.
But there is a lot of documentation for builders.
So what you find with builders is they generally do,
they know how to navigate and launch things.
So good documentation is key.
So we do have quite a bit of docs
for the builders and resources available.
That is very exciting.
And I can see that there are two different directions.
Guys, if you are a user and you would
love to inherit new features and new projects
and the core ecosystem, you can find it
and you can learn the basic course on Hooked Protocol
and receive Hooked token as a reward if you answer all
of the questions correctly and quickest.
And if you are a builder and you would
love to understand more about Hook, about Core Mechanism,
as well as building your first DApp,
receiving the funds from Core Avenger,
you can start with Core Academy.
So that is very, very clear that we
can inherit the benefit from all of the program
available and on Twitter as well.
As we reach the finale of our final discussion,
I would love to give a massive shout out
and a heartfelt thanks to our incredible panelists, Brandon
from Cordell.
And don't forget that today at 8 PM UTC 8,
Hooked Protocol will launch the alumni course, which
is the exam program that we just mentioned about Cordell.
So we hope that all of the information you heard today
will help you win the leaderboard
until the 29th of February and split the prize pool of 500 Hook
token with all of the best to you, Brandon, to Cordell,
and all of the community in Hooked Protocol.
Brandon, before we leave, do you have
any words for our fantastic audience?
Yeah, I just want to say thanks, Claire and Hook team,
for working with us on this and excited to see the campaign.
So that's only going to help level people up.
So I think that's a lot of the goal on Web 3 right now,
is to help level people up and give them an understanding.
So super excited about that program.
Yeah, I think the only thing I'd leave with
is definitely follow the Twitter.
There's a lot of content from Rich Rines, another contributor
here, and a few others that really go deep
into the inner workings of Bitcoin
and how Bitcoin aligns with core.
So I definitely suggest checking that out.
But really just thank everyone for tuning in.
It's always honestly a joy and feel a lot of gratitude
to be able to share a bit about core
and have people actually listen.
So that's pretty awesome.
The pleasure is all mine.
And on behalf of Hook team, I would
like to thank everyone for tuning in as well.
Until next time, please don't forget
to join our Hook alumni courses and follow our tweeters.
Thank you, guys.
And enjoy the rest of your day.