We are migrating CLORE from the legacy PoW chain to a new CLORE token on Ethereum mainnet (ERC-20). The migration is 1:1: every CLORE you hold on the PoW network at the time of the snapshot can be redeemed for exactly 1 CLORE (ERC-20).
The biggest structural issue with PoW for CLORE is constant sell pressure from miners. Mining rewards are regularly sold to cover electricity and operating costs, which creates a built-in, ongoing headwind that is difficult to outgrow.
We spent over 1.5 years working toward PoS. We tested, iterated, and invested significant effort because we believed PoS could be the “next stage” of the Clore chain. This decision was not easy — we truly tried. But as the work progressed, it became clear that finishing PoS properly would require at least another full year of focused, full-team development, which would significantly distract us from other critical work across the project.
And even if we committed that time, PoS would still not solve our core objective. PoS does not remove sell pressure — it shifts it. Our main motivation for leaving PoW is reducing structural sell pressure. With PoS, sell pressure still exists: it comes from stakers harvesting yield rather than miners selling emissions.
After deep internal evaluation, we decided to pause the PoS transition and proceed with an ERC-20 migration for these reasons:
Maintaining a custom wallet stack adds significant complexity.
Exchange integrations are slower and more difficult.
Infrastructure overhead is higher.
Composability with the broader crypto ecosystem is lower.
The ERC-20 path gives us a cleaner foundation to build a healthier long-term model around real product usage.
Immediate wallet support: MetaMask, Trust Wallet, Ledger, Trezor, and many more (standard ERC-20).
DEX liquidity from day one: Uniswap and other DEXs are available immediately.
Team allocation reduced: 10% → 4%, with a 5-year vesting schedule.
Faster integrations + new listings: exchanges and custodians already support ERC-20 flows, enabling quicker rollouts and
Announcement 16 Dec 2025 — we publicly announce the snapshot window and the migration process.
Legacy deposits/withdrawals close 20 Dec 2025 (UTC)
Snapshot 21 Dec 2025 — 12:00 UTC
Claim starts immediately after the snapshot. After you submit your claim, your new tokens will be delivered within 48 hours.
At this moment:
The PoW chain becomes unsupported for deposits/withdrawals across exchanges and clore.ai.
Exchanges switch to supporting deposits/withdrawals only via the new ERC-20 network.
clore.ai switches to supporting deposits/withdrawals only via the new ERC-20 network.
Trading remains active (no trading halt is required for the snapshot). Only legacy-network deposits/withdrawals are affected.
L1 holder claim pool (Main multisig): 630,000,000 CLORE This corresponds to the approximate amount currently held by users on the PoW chain and is reserved for 1:1 conversion of existing PoW holders (claim portal + exchanges).
Marketplace Rewards Vesting: 143,000,000 CLORE Rewards pool for PoH + marketplace incentives.
Team Vesting: 40,000,000 CLORE Vesting: 5 years Cliff: 6 months
Marketing Vesting: 87,000,000 CLORE Vesting: 2 years
CLORE (ERC-20) on Ethereum mainnet: 0xe60201989b8628f43dc0605f585a72bcf1f1e977
Team Vesting (5 years, 6-month cliff): 0xAA2d16f6134B7f0D861785B2785C90f6E9914f24
Marketing (2 years vesting): 0xd903325a3f9def246629ab1c92ba42fa7c90d14f
Marketplace Rewards (2 years vesting): 0xc4c910324a2e95a975d22394c0277b290c68cbb0
Main multisig (L1 holder claim pool): 0x7E12737906b92944227f5867B6141290Ea9C775a
Treasury Safe: 0x80eB6B2d648dF461F828af6d66Acee0dCDfcf9E6
Liquidity / POL multisig: 0x5151eb844f9f79611be28dda4220debe44617314
Ecosystem multisig: 0xFe79D578C02A98bd8AE272d6826eEA2092049538
Rewards for PoH and marketplace activity are funded from a dedicated rewards pool.
Initial daily emission: 164,000 CLORE/day (82,000 PoH + 82,000 marketplace)
Decay schedule: −30% per year implemented via a monthly factor r = 0.7^(1/12)
CLORE is the core payment and incentive asset in the Clore ecosystem:
Payments on the GPU marketplace CLORE is used as the payment token for renting GPUs and related services on clore.ai.
Payments for Clore VPN (where available) CLORE is used as the payment token for accessing Clore VPN.
PoH & marketplace rewards / fee tiers CLORE is used in our Proof-of-Holding and marketplace reward system (fee reductions and rewards for active participants).
Faster deposits: deposit confirmations on the Clore marketplace and exchanges will now take under 3 minutes.
Reduced emission / no miners: miner sell pressure is removed, creating a cleaner long-term supply dynamic.
Reduced supply: supply is reduced via the announced burn mechanics (see official timeline/details).
Better ecosystem tooling: explorers, analytics, custody solutions, treasury operations, and DeFi infrastructure.
Bigger reach + stronger tech foundation: easier onboarding for a wider audience and more flexibility for future product + DeFi integrations.
Cross-chain expansion (planned): bridges to BSC / Polygon / Solana and other networks (details will be announced; use official bridges only).
More openness & decentralization: ERC-20 standards make CLORE easier to integrate, verify, and use across the broader crypto ecosystem.
Claim window: users will have 2 months to claim/swap their CLORE to the new network.
Treasury Safe: 25,000,000 CLORE
POL (Protocol-Owned Liquidity) Wallet: 25,000,000 CLORE
Ecosystem Wallet: 25,000,000 CLORE
Growth Wallet: 25,000,000 CLORE
Growth multisig: 0xafdD92B6130c4B13366EFc878fA6B7E4E1D415C5
Team wallet: 0x6195C21Effa5f0a3C7f542616858c2C01C34077b
Marketing wallet: 0xb2362cf645a494145881855a21b82b5b3f27a7dc
Marketplace wallet / rewards operator: 0x7A235C00841639868322eE478b605dD70BD37b97
