The last month I have gotten involved in a fairly new crypto currency project called CORE, or cvault.finance. My main contribution is RoboCORE a chat bot operating on both Discord and Telegram serving the CORE community with various calculations and notifications.
A concept central to CORE is what is known as “the floor price” and in developing RoboCORE I had to learn how to calculate it properly. This concept is a bit hard to grasp, so this article tries to clear up the fog!
What is a floor price? It’s simply the lowest price CORE can ever reach. It’s not a floor in fiat, like the USD, but rather a floor measured in ETH (or BTC), the assets CORE is traded against. So if those drop to zero in worth, then there is nothing CORE can do about that!