Corite Ends BSC Staking Yield, Hints at New Token Utility
Corite Ends BSC Staking Yield, Hints at New Token Utility
馃敟 Your CO Tokens Need Moving
Corite ($CO) has announced the termination of yield rewards for token staking on Binance Smart Chain (BSC). This strategic move aims to control token supply inflation.
Key points:
- Immediate end to staking yields on BSC
- Token holders advised to withdraw staked assets
- New utility features teased for near future
This follows the earlier shutdown of Cryptopolis and discontinuation of CPO trading announced in October.
Action Required: $CO holders should withdraw their staked tokens from BSC.
Robins Partners with Chromia for Base Architecture Development
**Strategic Partnership Announcement** Robins has formed a strategic partnership with Chromia to develop its base architecture. The development will leverage Chromia's experienced dApp team. **Background on Chromia:** - Layer-1 blockchain platform - Features dedicated dApp chains - Offers customizable fees - Provides real-time data indexing - Focused on enhanced user experience - Recently upgraded bridge capabilities The collaboration aims to strengthen Robins' blockchain infrastructure while utilizing Chromia's technical expertise.
Corite Rebrands to Robin, Shifts Focus to Decision Markets
The CO Foundation announces a significant transformation: - Corite is rebranding to **Robin**, an EVM-based decision market platform - Corite.com will continue as a fan companion to their new AI tool Aflow - Existing NFT royalties will run to maturity, but no new music NFTs planned - $CO token will be integrated into Robin's governance and value system Key Changes: - All community channels undergoing rebranding - Social channels being reactivated - Platform accessible at robin.markets *Note for NFT holders*: All royalty-backed NFTs remain valid until contract maturity.
Corite's Fan-Powered Music Funding Model Continues to Shine
Corite (CO), the Swedish music-tech startup, maintains its innovative approach to artist funding. The platform allows fans to invest in music and share streaming profits, fostering a strong artist-fan connection. Key points: - Beta version launched in October 2019 - Artists can fund and release music through dedicated fandom - Collaborates with industry professionals like L.A. Reid and Charles Goldstuck - Recent deal with Alan Walker to bring "Walkerverse" to Web3 - Successful $6.2 million private token sale in January 2022 Corite's unique model empowers both artists and fans, revolutionizing the music industry's funding landscape.