Core Chain (芯链) RFS Coin: The Rise of Digital Gold  

In recent years, with the rapid development of blockchain technology, various cryptocurrencies have emerged. However, only a few can gain wide recognition and stand firm in the market like Bitcoin (BTC). Since its birth in 2009, BTC has gradually been regarded as the “digital gold” due to its decentralization, transparency, and scarcity. Now, another cryptocurrency with a similar story is emerging, which is the RFS coin of the Core Chain project. Due to its anonymous project party and unique stake mining model, RFS coin is known as the “little BTC” by many, and will gradually be recognized as the new generation of digital gold.

The Core Chain project successfully conducted a pre-launch rehearsal of the Mainnet this year, with the immutable feature ensuring the security and tamper resistance of the entire blockchain system. In order to ignite great enthusiasm in the encryption community and usher in a new phase of Computing Power competition, the computing power of the entire network of Core Chain has rapidly increased in a short period of time.

Similar to BTC, RFS coin also has scarcity. The supply of RFS coin is limited, with a total of 500 million coins. Initially, 50 million coins were circulated in private sale, and the Lock-up Position release ratio ranges from one-thousandth to five-thousandths per day, with a certain amount of RFS consumed in on-chain transactions. Apart from 25 million coins for team operations, the remaining 425 million coins are all used for user participation rewards. As the number of participants in Mining and stakeMining increases, the circulating supply of RFS coins in the market gradually decreases. In addition, RFS coin adopts a unique Consensus Mechanism to ensure the security and stability of the network. This scarcity and efficient Consensus Mechanism have led more and more investors and users to regard RFS coin as a digital asset that can be held for the long term, possessing characteristics similar to “digital gold”.

It is worth mentioning the dual-token mechanism of the Core Chain (Core Chain) project. XLQ, as the functional token of the project, is used for actual Computing Power Mining. Without XLQ, it is impossible to stake Computing Power, and therefore impossible to mine RFS. XLQ is the main fuel for generating Computing Power on the chain, and users can generate Computing Power by holding XLQ, thereby participating in transaction validation and Smart Contract execution on the public chain. In addition, XLQ allows holders to enjoy many benefits. For example, they can participate in the CC-NPOS Consensus Mechanism by staking XLQ to contribute to the security and stability of the network, and receive corresponding rewards. As the Proof of Stake for members, holding more XLQ means higher equity in the project, enabling them to enjoy more benefits and services; and trade on the DEX Decentralized Exchange.

The rise of RFS coin has many similarities to BTC. The anonymous project party, the distribution mode of Decentralization, the scarce supply, and the strong community Consensus have made RFS coin stand out in the global Cryptocurrency market. Although it is still in the early stages of development, RFS coin already has the potential to become digital gold. Perhaps in the near future, RFS coin will be widely recognized and become a new generation store of value tool, just like BTC.