Core Protocol Whitepaper

What is Core Protocol
Core Protocol is a revolutionary way to govern and fund important protocols in the Web 3.0 ecosystem. Core Protocol is started by The Agency, a software solutions company that builds technology solutions for Government & Financial Services sector in Asia.

To increase the adoption of Web 3.0 from the general population by building user friendly, safe and regulation compliant protocols to the standard they exist in the traditional web now. These protocols should be truly decentralised and have an efficient and transparent governance structure.

How It Works
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Participants buy into the ecosystem by minting or purchasing the Access Card NFT. Access Cards are released in multiple waves.
Access Card holders stake it at Core Protocol’s Multichain Profile. They add in their wallet addresses from multiple chains.
Income generated from The Agency’s projects are distributed to Access Card holder depending on the type of card.
Access Card holders can vote & run for elections to help decentralise Core Protocol’s governance.

The Ideal Holder

Access Card & Minting
The Access Card NFT
Our Access Cards will be released in multiple waves. Earlier waves will get more benefits and rewards than later waves. Mint prices also vary between waves.
See Supply & Distribution.

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Cards within the same waves also have different looks with variying rarity.

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*Designs shown are not final. This is just concept art.

Chain & Marketplace
We decided that the Access Card NFTs will be on the Solana chain, and distributed through Magic Eden due to the following reasons;
Although releasing on OpenSea might attract a lot more buyers, the cost of minting as well as the transactions like voting and updating profiles on Ethereum can be very costly. We needed a cheaper chain with a big enough NFT community. Magic Eden seems to be good enough.
Why not mint on OpenSea but on Polygon Chain? At first this seemed like a good idea, but we soon realised that most projects minted in OpenSea through Polygon do not get as much attention as the Ethereum ones. They are some bluechips on Polygon like Decentraland, but successful projects are few and far between.
Is Magic Eden good enough? We noticed that almost all projects under 2500 units on Magic Eden’s launchpad sold out. We also noticed a lot of blue chip projects appearing on Magic Eden recently. Some examples are;
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Price of 1 SOL at the time of writing is $83.10

Minting Protocol and Tools
Core Access Cards will be released with Metaplex’s CandyMachine v2 (CMv2). Out of the box this gives us features such as;
Unpredictable mint index: In the CMv1 it is possible to estimate what item would be minted, since the mint happens in a sequential order. This created the opportunity to be able to choose which item to mint, given that all information about the items is available on-chain. Although this is not straightforward, it gives an advantage to a select few. The CMv2 eliminates this possibility by using an unpredictable (sort of random) mint index, which it is not possible to determine in advance - a guarantee of a level playing field when it comes to minting rarer items.
Whitelist: You now have the possibility to create several different configurations for whitelists. You can allow whitelist users to mint before the start date, mint at a discounted price, or restrict the mint entirely to only whitelist users. Any SPL Token can be used to create whitelists and you choose how they are distributed.
Captcha Settings: Integration with captcha to limit the mint to humans - sorry, bots no more!
Larger collections and hide-and-reveal drops: It is possible to create super large and hide-and-reveal drops by specifying a single hash, which is used by all mints. While the hash is the same across all mints, the name of each item is specified with a unique number, allowing an off-chain process to later update the metadata with the actual item.

Core Protocol dApp
Multichain Profile

Income Distribution
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Next Generation DAO


Supply & Distribution

Problem with Traditional DAOs
Learning from Democratic Models
Representative Democracy
Draining the Swamp

Project X - FinTech
Project Y - Social Media
Project Z - Education

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