Understanding $CORL

Token symbol: $CORL

Total supply: NA

Blockchain: BNB Chain

Token Contract: NA

Exchanges: Not listed yet

The currently issued $CORLs are receipts. Your holdings are not the ultimate object of trade or the asset of Coral Finance. We might migrate the official Token Generation Event (TGE) to another network. If that happens, we will inform inform and allow you to exchange new CORL token with current ones.

What Is $CORL?

CORL is the primary native utility token of Coral Finance. CORL is expected to have the following use cases:

• Governance: CORL token holders can participate and vote on governance decisions.

• Liquidity Incentives: Users can earn CORL tokens as rewards by providing liquidity in assigned corToken pools.

• Boosting: Users can earn additional CORL by locking CORL tokens. To earn CORL in this way incorporates voting escrow CORL (veCORL) for rewards accrual. This feature will launch soon.

• Medium of Transaction: It provides a convenient mode of payment and settlement between lenders and renters for Acceleration; or the quote token of a trading pair for corTokens. More will be revealed.