What is CORE?

in short

Core is a launchpad. Someone creates a token here, and instead of selling the supply, they leave it in a vault that releases a fixed amount every sixty seconds. Anyone can take a share of that release by depositing units of the token and submitting one proof of work per round from their browser.

The thing that makes it different from a launchpad that sells supply is not the mining. It is that the numbers are frozen. Supply, emission schedule, difficulty, round length and the creator's allocation are chosen once, in the launch transaction, and then no instruction exists that can change them. §1.1

how it works

1. 01

   someone launches

   They fix the supply, point at a metadata document they have already paid to store permanently, and sign once. The full supply is minted, the creator's allocation goes to their wallet, the rest goes into a vault, and the mint authority is revoked in the same transaction. §2.4

2. 02

   a round opens

   Each round lasts a fixed number of seconds and carries a fixed budget from the emission schedule. Rounds end on the clock, not when someone solves. §3.1

3. 03

   miners stake and submit

   A miner deposits units of that token into its stake vault. From the next round on, those units are their weight. Each round they solve one proof in the browser and submit it. Solving faster earns nothing extra. §1.3

4. 04

   the round settles

   When the round closes, its budget is divided across everyone who submitted, in proportion to staked units. Rewards accrue and are claimed separately, without stopping mining. §4.4

what it is not

1. 01

   not a hashpower race

   Faster hardware does not earn more. One accepted proof per wallet per round, and the share is proportional to staked units rather than to solving speed. The hashing exists so that new supply costs something to obtain from a browser; Solana provides consensus. §1.2

2. 02

   not adjustable

   No admin key or setter exists for launched economics. Every launch opens its own market in the same transaction as the mint, pairing a creator-chosen share of the allocation with the creator's SOL in a Raydium pool. The LP tokens and any kept share stay with the creator and are not locked. §1.4

3. 03

   not a lottery

   There are no jackpots, random bonuses or referral rewards, and there will not be. Every share is a deterministic function of the round's budget and the weight in it. §1.5

where this stands today

This app displays mines on mainnet-beta. The reviewed program is deployed on mainnet-beta, where its on-chain bytes match the pinned build. §9.1