Overview
Last updated
Last updated
The Proof of Holding (PoH) system is a cornerstone of Clore's ecosystem, designed to incentivize users to hold Clore coins ($CLORE) in their official Clore wallet. PoH stands out by offering immediate rewards without requiring a minimum holding period, making participation in the ecosystem both accessible and attractive. This system not only strengthens the network's stability but also fosters a vibrant and engaged community.
Increased Rewards: By maintaining a balance of CLORE coins, users receive additional CLORE as rewards, especially when leasing their equipment through the platform. The more coins held, the greater the rewards.
Hassle-Free Usage: Users are not required to transfer their funds to another wallet; participation involves merely signing a transaction from the Clore Desktop Wallet, making the process simple and secure.
No Blocking: Funds remain fully accessible, allowing users to withdraw or use them for other purposes at any time, ensuring liquidity.
Service Discounts: POH participants can enjoy significant savings, with up to a 50% discount on Clore services based on their CLORE holdings.
Optional Participation: Joining the POH system is entirely voluntary, offering an appealing opportunity to maximize the benefits of holding CLORE coins without any obligations.
No Penalties: Users have the flexibility to withdraw from the POH system at any time without facing any penalties.
Participation Guidelines:
To participate, users need to keep their Clore coins in the Clore Wallet and sign a transaction to ensure the safety and control over their assets, as they are not required to transfer their coins to the Clore platform.
How to add Clore coins to the POHMore detailed guidelines and calculations are available on the Proof of Holding page on the official Clore.ai website.
A comprehensive guide is also available in the Proof of Holding whitepaper.
Participants in the POH system receive discounts on Clore services, with the discount rates varying depending on the amount of CLORE coins held and the type of transaction. The discount structure is tiered, with higher holdings resulting in greater fee reductions:
On-Demand Fees: Start at 10.00% for 0 coins and decrease to 5.00% for holdings of 2,000,000 CLORE coins or more.
Spot Fees: Start at 2.50% and decrease to 1.80% as holdings increase.
This structure incentivizes larger holdings, making the POH system more beneficial for users with substantial CLORE balances.
The POH Marketplace
The POH Marketplace is an advanced feature within the Clore.ai ecosystem, allowing users to rent or lend their CLORE coins through a secure, peer-to-peer platform. This marketplace provides a dynamic environment where users can maximize the utility of their holdings or acquire additional coins for specific needs through flexible transactions.
User Roles in the POH Marketplace:
Owner: Any user with CLORE coins verified in the POH system who wants to rent out their coins.
Renter: Any registered user looking to borrow CLORE coins from owners.
In addition to discounts, Clore frequently rewards users with additional CLORE coins if they participate in the POH system. For example, in 2023, an airdrop added an extra 1.5% for every POH user. Such airdrops will be a regular occurrence, providing POH participants with a continuous stream of rewards.
