Coreum (COREUM) is an enterprise-grade layer-1 blockchain that is designed specifically for business use cases.
The blockchain serves as the infrastructure for various applications such as digital assets, issuance of stablecoins, tokenization of traditional assets, central bank-issued digital currencies (CBDCs), smart tokens, and non-fungible tokens (NFTs).
This article will take a deeper look at the Coreum network to understand what it is and how it works. We shall also explore its native COREUM token, make price predictions for the token until 2030, and list exchanges where you can trade COREUM, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Coreum (COREUM)?
Coreum is an enterprise-grade Layer-1 blockchain that serves as the infrastructure for various blockchain-based applications, such as digital assets, stablecoin issuance, tokenization of traditional assets, CBDCs, smart tokens, and NFTs.
Smart tokens are not exactly smart contracts but can perform contract-like functions while utilizing the blockchain’s storage.
Coreum supports cross-chain transactions, is compatible with ISO20022 financial messaging, and operates on a Bonded Proof of Stake (BPoS) consensus mechanism that facilitates up to 7,000 transactions per second (TPS) on the Cosmos blockchain.
How Does Coreum Work?
Coreum is built on the Cosmos SDK, leveraging the Byzantine fault tolerance and the Tendermint consensus engine. It utilizes the BPoS consensus mechanism to achieve scalability through sidechain research and development.
To enhance its interoperability with other Cosmos sidechains, Coreum takes advantage of the Inter-Blockchain Communication Protocol (IBC), which enables seamless communication between enterprises using Coreum and other networks.
Additionally, Coreum claims to be the premier blockchain for financial institutions because it adheres to the ISO20022 standard for communication between financial entities. The blockchain also supports coding DApps in different languages using WebAssembly (WASM).
For incentivizing block creation, Coreum employs a variable inflation model that mints tokens and adds them to a rewards pool along with fees. This reward amount is inversely related to the network’s Total Value Locked (TVL), promoting sustained participation in the Coreum’s security and maintenance.
What is the COREUM Token?
COREUM is the native cryptocurrency of the Coreum blockchain. The network makes use of a bonded proof-of-stake (BPoS) consensus mechanism, with delegators and validators using COREUM to secure the protocol and earn rewards.
The project’s developers have allocated 50% of the token’s current supply for community members through airdrops, aiming to ensure significant community ownership and involvement in Coreum’s future and success.
COREUM has a maximum supply of 545,674 million tokens, out of which, 384,792 million COREUM is currently in circulation. Coreum network has a market capitalization of $41.466 million and in the last 24 hours, the token has experienced a trading volume of $2.224 million.
COREUM Price Prediction: 2024, 2025-2030
At the time of writing, COREUM is trading at $0.1078 – up 14.4% over the last 24 hours. Based on its current valuation, we have projected the minimum, average, and maximum prices at which COREUM would change hands between 2024 and 2030.
Please note that these prices are purely speculative and could change depending on COREUM’s market performance.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2024 | $2.02 | $3.43 | $4.84 |
| 2025 | $3.71 | $5.89 | $8.07 |
| 2026 | $5.65 | $6.46 | $7.26 |
| 2027 | $2.58 | $3.87 | $5.16 |
| 2028 | $3.55 | $5.00 | $6.46 |
| 2029 | $6.13 | $10.33 | $14.52 |
| 2030 | $12.91 | $15.33 | $17.75 |
Where to Buy Coreum (COREUM) Tokens?
COREUM can be purchased and traded on the following cryptocurrency exchanges:
Is Coreum (COREUM) a Credible Cryptocurrency Investment?
Coreum is an enterprise-grade Layer-1 blockchain that is designed to meet business use cases. The network also serves as the infrastructure for various decentralized applications like digital assets, CBDCs, NFTs, tokenization for traditional assets, smart tokens, and stablecoin issuance.
The enterprise network deployed on Comos’s Inter-Blockchain Communication Protocol (IBC) can seamlessly communicate between enterprises that use Coreum or other chains supported by the IBC. Additionally, Coreum also adheres to the ISO20022 standard for communication between financial entities.
The COREUM token shows a positive price performance, indicating that the network has more room for adoption and growth. All things considered, I would recommend Coreum as a credible cryptocurrency investment due to its specifications and importance in integrating financial services into the blockchain arena.
As is the case with every other cryptocurrency, COREUM is also prone to extreme price dynamics in the crypto market. Therefore, you must conduct thorough research before making any investment decision regarding Coreum or the COREUM token.
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