Version 1.0
Last Updated: August 29, 2024
DigitalCore is a next-generation crypto staking platform built on the Avalanche blockchain. Our platform is designed to provide users with a seamless and secure staking experience, allowing them to earn rewards by staking supported assets such as USDC and AVAX. DigitalCore aims to be a leading player in the decentralized finance (DeFi) ecosystem, offering innovative staking solutions that cater to both novice and experienced users.
Our mission is to democratize access to staking by providing a user-friendly platform that enables users to participate in the DeFi ecosystem with minimal barriers. We believe in the power of blockchain technology to transform the financial landscape, and DigitalCore is committed to contributing to this transformation by providing secure, transparent, and efficient staking services.
DigitalCore operates on the Avalanche blockchain, a high-performance, scalable, and eco-friendly blockchain that is ideal for decentralized applications. Avalanche's consensus protocol, Avalanche Consensus, is designed to support thousands of transactions per second (TPS) with sub-second finality, making it a perfect foundation for a high-frequency staking platform like DigitalCore.
Our platform leverages smart contracts to automate the staking process, ensuring that all transactions are executed transparently and securely. These smart contracts are thoroughly audited to mitigate risks and protect user funds. The smart contracts handle everything from staking and reward distribution to penalty enforcement for early withdrawals.
The frontend of DigitalCore is built using modern web technologies such as React.js and Web3.js, providing users with a smooth and intuitive interface. The backend infrastructure is hosted on decentralized servers to ensure maximum uptime and reliability. Our backend interacts directly with the Avalanche blockchain, processing transactions and updating user balances in real-time.
DigitalCore supports two primary assets: USDC and AVAX. These assets were selected due to their stability and popularity within the DeFi community. Users can stake these assets in various pools with different durations, liquidity, and staking thresholds.
DigitalCore offers multiple staking pools with varying durations and liquidity. The pool durations are specified in days, ranging from short-term options like 14 days to long-term commitments like 90 days. Liquidity in these pools is represented in millions of USD, and each pool has specific staking thresholds in the original currency of the asset.
Staking rewards are distributed based on the amount of assets staked, the duration of the staking period, and the overall pool performance. Rewards are paid out at the end of the staking period and can be reinvested into new pools or withdrawn to the user’s wallet.
Users can withdraw their assets before the end of the staking period, but this may result in penalties. The exact penalties depend on the pool’s terms and are clearly outlined before users commit to staking. Early withdrawals could reduce the overall rewards or, in some cases, incur additional fees.
DigitalCore does not issue its native token. Instead, it focuses on supporting USDC and AVAX, two well-established tokens in the DeFi space. USDC is a stablecoin, pegged to the USD, providing stability, while AVAX is the native token of the Avalanche blockchain, offering high growth potential.
A small fee is charged on staking rewards to support the platform's development and maintenance. The fee structure is transparent and will be disclosed to users before staking. Fees collected are used to fund platform upgrades, security audits, and community initiatives.
While DigitalCore is not currently governed by a DAO, future plans include exploring decentralized governance models where users can have a say in platform decisions, including fee structures, new asset support, and feature development.
DigitalCore’s smart contracts undergo rigorous security audits by third-party experts to identify and mitigate potential vulnerabilities. These audits are conducted regularly to ensure the highest security standards are maintained.
User data protection is a top priority at DigitalCore. We use advanced encryption methods to safeguard user data, ensuring that personal information and financial details are kept confidential and secure.
To protect users against the risks associated with staking, such as validator slashing, DigitalCore maintains an insurance fund. A portion of the staking fees is allocated to this fund to compensate users in case of any unforeseen losses due to smart contract vulnerabilities or malicious attacks.
DigitalCore operates a Bug Bounty Program to incentivize ethical hackers and security researchers to report vulnerabilities. Rewards are offered based on the severity of the discovered issue, with payouts made in USDC or AVAX.
DigitalCore is poised to become a leader in the DeFi space by offering a secure, transparent, and user-friendly staking platform. With a strong focus on security, user experience, and continuous innovation, DigitalCore aims to provide unparalleled value to its users and contribute to the broader adoption of decentralized finance.
We invite you to join us on this journey as we build the future of staking on the Avalanche blockchain.
For more information, please visit digitalcoresolutions.org or contact us at team@digitalcoresolutions.org.