Core Foundation Launches Rev+: An Innovative On-Chain Behavior Revenue Sharing Mechanism

Recently, the Core Foundation announced the launch of an innovative mechanism called Rev+, which is the first profit-sharing system implemented at the protocol level. This mechanism aims to provide direct rewards to developers, stablecoin issuers, and decentralized organizations, incentivizing projects that create real value for users. Rev+ enables developers to earn a continuous income from the Gas fees generated by their applications without the need to issue tokens or design complex governance mechanisms to achieve profitability.

For a long time, the incentive structure of the blockchain ecosystem has been inadequate. Although the on-chain transaction volume driven by stablecoins exceeds $35 trillion annually, far surpassing the processing amounts of a well-known payment company, most of the revenue has not flowed to the builders and issuers supporting these transactions. The head of institutional business at Core stated that the launch of Rev+ will change the situation where stablecoin issuers cannot derive profits from transactions, allowing projects driving the development of Web3 to receive the rewards they deserve when their tokens circulate on-chain.

Rev+ Operating Mechanism

On the Core chain, any transaction activity triggered by smart contracts (such as stablecoin exchanges, collateralized liquidity, or treasury operations) can generate revenue for its issuer. This revenue can be distributed directly at the time of the transaction or allocated periodically through the protocol layer income pool. The income pool will be distributed based on the project's overall contribution to the Core chain, taking into account multiple dimensions including total transaction volume, number of new unique addresses, nominal transaction amounts, and accumulated Gas fees.

Rev+ has also established a reward pool to give back to developers, integrators, and all contributors who promote ecosystem growth. The more active the network is, the larger the reward pool becomes, and the higher the earnings for builders.

Importance of Rev+

The launch of Rev+ will reward developers and participants driving activity in the stablecoin market. As stablecoins gradually become a dominant force in the crypto space, Rev+ will distribute Gas fee profits to token issuers and provide additional incentives to developers and application teams based on usage frequency and transaction volume. This mechanism applies to all assets on Core, including dollar-pegged stablecoins, on-chain representations of real-world assets, NFT collectibles, and exclusive protocols. It will transform daily transactions into a continuous source of income, providing sustainable business models for projects of all sizes.

The head of the Core organization emphasized that the purpose of Rev+ is to reward the actual behaviors that drive Core's growth. The more transactions there are, the greater the incentives, and this model allows on-chain assets to achieve a monetization method similar to that of traditional internet companies for the first time.

Data shows that the share of stablecoins in the total fees of DeFi has risen from 4.7% at the beginning of the year to about 30.8%, highlighting the important role of stablecoins in trading, lending, and yield generation.

Turning Point of Web3 Adoption

Compared to the existing market models, Core's Rev+ has a broader scope of benefits. As long as assets are called upon in Core, token issuers and developers will become the main beneficiaries of this development. Rev+ adopts an "asset-centric" mechanism, replacing the previous "application-centric" model of the Web3 market, creating a fair and sustainable incentive structure for all tokenized projects deployed on Core. This not only rewards dApp builders but also covers a wider range of Web3 contribution teams.

Through Rev+, Core has further solidified its position as a leader in Bitcoin scaling solutions, supporting self-custody staking for Bitcoin, EVM compatibility, and true token monetization. As the issuance of stablecoins and DeFi activity continues to grow, Rev+ will ensure that projects can share in the growth benefits, thereby stimulating stronger network effects and long-term development.

In the coming weeks, Core will collaborate with several major stablecoin projects to promote the practical application of this new asset monetization model.

About the Core Foundation

The Core Foundation is dedicated to promoting the development of the Core blockchain ecosystem. The foundation fosters growth and innovation on the Core blockchain by providing funding, investing in projects, and establishing partnerships. Core is the first and only network to offer an end-to-end proof-of-stake mechanism for Bitcoin, supporting non-custodial Bitcoin staking, and building an EVM-compatible BTCfi ecosystem.