liCOREPrice

(LICORE)

liCORE is a native token on the Coreum Blockchain that represents staked COREUM on PulsaraLSD, a liquid staking solution. It allows users to earn staking rewards while maintaining liquidity, enabling participation in various DeFi activities without the need to unstake their original COREUM tokens. This innovative approach provides flexibility and efficiency for COREUM holders.

PulsaraLSD aims to enhance staking efficiency and flexibility for COREUM token holders. By allowing users to stake their COREUM and receive an equivalent amount of liCORE tokens, it unlocks liquidity. This mechanism enables users to participate in diverse DeFi activities and capitalize on other opportunities within the Web3 ecosystem, all without unstaking their foundational COREUM assets.

liCORE functions as the liquid governance token within the ecosystem, offering both utility and liquidity. In contrast, veliCORE, which stands for vote-escrowed liCORE, is specifically designed to be non-transferable. It represents the voting power users obtain by locking up their liCORE tokens for a set period. veliCORE holders play a crucial role in the protocol by voting on key parameters and governance proposals.

While liCORE has undergone audits by security firms to bolster its robustness, it's important to acknowledge that all decentralized finance (DeFi) protocols carry inherent risks. Key concerns include potential smart contract vulnerabilities and the possibility of economic exploits. Another primary risk associated with staking liCORE is liquidations, where deposited liCORE might be converted into collateral under specific market conditions. Users should always verify they are on the correct official website to avoid phishing scams.

Users have the flexibility to claim their accumulated liCORE rewards at any time they choose. However, it's important to note that each claim transaction will incur a gas fee, which should be considered when determining the frequency of claims. The rewards do not automatically compound. To achieve compounding, users must manually claim their rewards and then redeposit them back into the Stability Pool to enhance their position and potential future earnings.

As per the latest information, liCORE tokens are actively traded on various platforms. While the project is growing, the tokens are not yet widely available on all general crypto listing platforms. However, users can frequently find and trade liCORE on the spot market on platforms like LBank. For current trading opportunities, users should check reputable exchange listings.