Coreum COREUM Price

What is Coreum (COREUM)?

Coreum $COREUM is a layer-1 blockchain designed to address real-world challenges at scale. Built on the Tendermint consensus engine and Cosmos SDK, Coreum $COREUM offers a robust, decentralized infrastructure for developers and financial institutions. The blockchain is tailored to provide native token management systems, including a Decentralized Exchange (DEX), while ensuring high scalability, security, and efficiency.

Coreum $COREUM leverages WebAssembly (WASM) for processing smart contracts and employs the Bonded Proof of Stake (BPoS) mechanism for consensus. This combination ensures a secure, predictable, and scalable environment for building decentralized applications (dApps) and token ecosystems. The blockchain is particularly suited for applications such as digital asset issuance, stablecoins, tokenized securities, central bank digital currencies (CBDCs), smart tokens, and NFTs.

Key Features of Coreum $COREUM

Predictability

Coreum $COREUM ensures predictable execution time, cost, and responses for transactions. This predictability allows developers to create robust, bug-free, and stable applications.

 

Security

Coreum $COREUM enhances security by enabling native token issuance without relying on external smart contracts. The main implementation code is audited multiple times and is open-source, reducing the risk of vulnerabilities. While extensions to smart tokens may require additional audits, the majority of use cases, such as fungible tokens and basic NFTs, remain secure.

 

Extendibility

Smart tokens on Coreum $COREUM can be extended with custom smart contract logic. Developers can add functionalities such as dividend distribution for tokenized shares or interactive features for NFTs. The use of WASM allows developers to port functionalities from various programming languages.

 

Interoperability

Coreum $COREUM enables seamless communication with other blockchains through the Inter-Blockchain Communication (IBC) protocol or bridges. Supported blockchains include Bitcoin, Ethereum, Ripple, Solana, Binance Chain, Binance Smart Chain, and Cosmos Hub.

 

Token Economy

Coreum $COREUM has an initial supply of 500,000,000 tokens. The blockchain supports versatile token issuance, including minting, burning, freezing, and access control features. These functionalities provide flexibility for various use cases, such as stablecoins, tokenized securities, and wrapped cryptocurrencies.

 

Use Cases of Coreum $COREUM

Coreum $COREUM provides a comprehensive infrastructure for building decentralized finance (DeFi) applications and other blockchain-based solutions. Key use cases include:

Tokenized Securities: Facilitating the issuance and management of tokenized assets.

Liquidity Providers and Market Makers: Supporting decentralized liquidity solutions.

Cross-Border Payments and Remittance: Enabling efficient and secure global transactions.

Stablecoin Ecosystems: Supporting stablecoins like USDC and USDT.

Lending Platforms: Powering decentralized lending solutions.

Wrapped Cryptocurrencies: Supporting tokens like ERC20 and BEP20.

Decentralized Exchanges (DEXs): Enabling seamless trading platforms.

Metaverse Applications: Supporting virtual worlds and digital economies.

NFT Marketplaces: Facilitating the creation and trading of NFTs.

Gaming and Play-to-Earn Apps: Powering blockchain-based gaming ecosystems.

EGB Compatibility Layer: Ensuring compatibility with ISO 20022 standards.

Founders, Backers, and Partners

Coreum $COREUM is developed by the Sologenic Development Foundation, a team with expertise in blockchain technology and decentralized finance. The project is backed by a strong foundation and aims to provide enterprise-grade solutions for modern applications. Coreum $COREUM also benefits from its integration with the Cosmos SDK ecosystem, leveraging tools, wallets, and modules from the broader Cosmos community.

Conclusion

Coreum $COREUM stands out as a versatile and secure blockchain platform designed for enterprise-grade applications. With its focus on scalability, security, and interoperability, Coreum $COREUM provides a robust foundation for developers and institutions to build innovative solutions across various industries. Its comprehensive feature set and wide range of use cases make it a promising player in the blockchain ecosystem.

What is unique about Coreum (COREUM)?

Coreum $COREUM offers native token issuance with predictable execution, high security, and extendibility through smart contracts.

Who are the founders of Coreum (COREUM)?

The founders are anonymous.

Who are the backers/investors of Coreum (COREUM)?

The project is developed by the Sologenic Development Foundation.

Where can I buy Coreum (COREUM)?

 Gate.io, MEXC, Bitget, Bitstamp, Bitrue