CORE Token Airdrop Recipients Complain Of Glitches, Poloniex Shows DAO Token Price Plummeting 99.9% – CryptoNewsTo

CORE Token Airdrop Recipients Complain Of Glitches, Poloniex Shows DAO Token Price Plummeting 99.9%


Core DAO token Price Drops 99.9% On Poloniex Despite Support For Bridge Assets Coming Soon
CoreDAO native token price lost nearly all of its value on Poloniex after listing

PATNA (CoinChapter.com) — CoreDAO airdrop of its CORE token began on Feb 8 as scheduled. Several exchanges announced the token’s listing, with Huobi announcing a strategic partnership with the DAO.

Huobi and CoreDAO would cooperate in technical support, ecological promotion, and other areas. CoreDAO contributor CJ Reim noted that a “strategic partnership with a leading big exchange like Huobi” would greatly benefit Core’s future.

In addition, the layer-1 blockchain platform shared that users would be able to bridge assets on the CoreDAO mainnet. CoreDAO would leverage its partnership with LayerZero Labs to facilitate cross-chain assets transfers on its mainnet.

CoreDao announced support for bridge assets on its mainnet.
CoreDao announced support for bridge assets on its mainnet might be coming soon.

The announcement failed to share a list of CORE-supported bridge assets. However, CoreDAO’s tweet did mention stablecoins USDT and USDC, so users can safely assume the availability of the two on the upcoming Core mainnet asset bridge.

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The blockchain platform asked users to wait for the official announcement. Additionally, CoreDAO warned traders to stay wary of copycat tokens with “misleading asset names.

CoreDAO Airdrop: Contributors Claim Big Win, Users Exclaim Disappointment

Meanwhile, the DAO’s CORE airdrop continued on its second day. On Feb 9, DAO contributor Jack Crypto stated that the CoreDAO airdrop delivered tokens to over 1.5 million users in the 24 hours since its launch.

It is an ongoing process and there are still a lot of people actively claiming and staking CORE.

A CoreDAO contributor on Twitter.

The contributor noted that the airdrop generated over 1.5 million new transactions, including more than 810,000 CORE airdrop-claiming transactions and over 380,000 staking transactions.

Users took to Twitter to complain about glitches in MetaMask.
Users took to Twitter to complain about glitches in MetaMask.

Despite the claims by the CoreDAO contributors, a section of crypto Twitter was awash with complaints about Metamask-related glitches. Several Core airdrop claimants found themselves unable to claim their CORE token.

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Other users found that the gas fees for the CoreDAO airdrop transaction had vanished from their MetaMask wallets.

CoinChapter reached out to MetaMask on Telegram for comment but received a step-by-step guide on rectifying in-node string errors.

CoreDAO Token Price Action: Varying Degrees Of Bearishness

Additionally, there has been some confusion regarding the CoreDAO token price.

Although the general consensus regarding the token’s price action post-launch has been bearish, different exchanges seem to have listed the CORE token at different prices.

CORE Token (Core DAO) price on Poloniex shed nearly all of its value
CORE Token price on Poloniex shed nearly all of its value. Source: Tradingview.com

For example, on Poloniex, the CoreDAO token price was listed at $10,000 on Feb 8. Not surprisingly, CORE price plummeted like a downed bird, losing 99.97% in two days to form a daily low of $2.52 on Feb 10.

However, it might be a fluke or some technical glitch, since the CORE token price on Bitget started trading at $0.03 before surging to $7.03. On Feb 10, the CoreDAO token shed 45% to a daily low of $2.55.

A similar bearish drop of nearly 50% to form a low near $2.45 on Feb 10 awaited CORE price on crypto exchange OKX. It is likely traders are selling airdropped tokens for quick profits, leading to bearish pressure on the CoreDAO token.

The post CORE Token Airdrop Recipients Complain Of Glitches, Poloniex Shows DAO Token Price Plummeting 99.9% appeared first on CoinChapter.





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