Burning 25% of Total Supply + Server Reward Limit

We are excited to announce significant updates to the Clore.ai ecosystem, aimed at enhancing the project’s sustainability, value, and…

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Burning 25% of Total Supply + Server Reward Limit

We are excited to announce significant updates to the Clore.ai ecosystem, aimed at enhancing the project’s sustainability, value, and fairness within our community.

Burning 25% of the Total Supply

After careful consideration, we have decided to burn 300 million Clore coins , effectively reducing the maximum supply from 1.3 billion to 1 billion coins. This important step aims to increase scarcity and enhance value for all coin holders. The burn will take place immediately following our upcoming hard fork associated with the transition to Proof of Stake (POS). We will provide the exact date of this event in advance to ensure transparency and community readiness

Introducing Clore Reward Limitations per Server

Additionally, we are implementing a cap on Clore rewards per server. Specifically, rewards will be limited to 2x the rental price of the server. For example, if your server is rented out for $10, you’ll get $10 from the renter + up to $10 bonus from Clore, for a max total of $20, credited directly to your wallet. This limitation primarily impacts users operating very powerful server setups or holding substantial funds in Proof of Holding (PoH). Our intention with this measure is to increase profitability and fairness for the broader user community on our platform.

Moreover, to maintain economic balance and a healthy ecosystem, all newly minted coins that are not distributed among users will be burned.

Community Commitment

These strategic changes underscore our ongoing commitment to enhancing value, fairness, and sustainability within the Clore.ai community. Thank you for your continued support and active participation.

Stay tuned for further details and exact dates of our upcoming updates.