Corn (CORN) is Trending Despite Price Drop—Why?

Corn (CORN), the native token of the Corn ecosystem, has captured attention despite a price decline. Launched today, the token is designed to power Bitcoin Finance (BTCFi) by promoting sustainable ecosystem expansion and long-term incentives.

$CORN is BTCFi

TGE is here & the ticker is…

🌽🌽🌽🌽🌽🌽🌽🌽🌽🌽🌽
🌽🌽🌽🌽 $CORN 🌽🌽🌽🌽
🌽🌽🌽🌽🌽🌽🌽🌽🌽🌽🌽 pic.twitter.com/DhEWVSgaII

— corn (@use_corn) March 28, 2025

What is Corn?

Corn is a blockchain network built for BTCFi, enabling Bitcoin holders to access Ethereum’s decentralized finance (DeFi) markets. Powered by Arbitrum and integrated with Coinbase and LayerZero, Corn utilizes BTCN, a hybrid tokenized Bitcoin, as its gas token.

The platform introduces the Bitcoin Clearing House, a mechanism inspired by MakerDAO’s Peg Stabilization Module (PSM). It offers a transparent swap facility to enhance Bitcoin’s usability. As one of Babylon’s first Bitcoin-secured networks, the blockchain protocol facilitates Bitcoin Liquid Staking Token (LST) liquidity, positioning itself as a critical player in BTCFi.

CORN Detailed Tokenomics 

The initial circulating supply of CORN is 525 million tokens, representing 25% of the total supply. The broader token distribution strategy supports ecosystem growth, incentivizes long-term participation, and rewards early supporters.

Notably, the community holds the largest share, receiving 52% of the total supply. Early backers, including investors from the seed round and institutional participants in the Legion fundraise, have been allocated 13% of the supply. 

Additionally, 25% has been allocated to core contributors, including engineers, product developers, business strategists, and marketing specialists. Meanwhile, the Corn Foundation oversees 10% of the total supply, which is dedicated to ecosystem development and supporting the community’s long-term progress.

To ensure a fair distribution, Corn conducted a thorough Sybil analysis to eliminate exploitative airdrop farmers, filtering out wallets linked to mass creation, batch transactions, and other suspicious activities. The project prioritized users with sustained on-chain engagement, rewarding those who maintained deposits across multiple seasons and actively contributed to the network.

Unlike many airdrops that distribute tokens indiscriminately, Corn took a highly targeted approach, including allocations for Legion fundraise participants and those identified through a partnership with Kaito AI. The project analyzed public discourse and community engagement and ensured that CORN reached contributors who supported its vision.

Furthermore, all token holders outside the community allocation are subject to a vesting schedule. Their holdings are locked for one year, followed by a 12-month linear monthly unlock. During the lock-up period, these holders cannot participate in staking. 

Remarkably, future token issuance may be introduced, with an annual cap of up to three percent, to support ongoing ecosystem development and network security.

CORN Secures Listings on Major Exchanges

Despite gaining traction, CORN has experienced a price drop. However, major centralized exchanges (CEXs) such as Bybit, MEXC, and Kraken have listed the token. It is worth noting that trading requires users to bridge CORN to the Ethereum mainnet before transacting on these platforms.

“If you wish to send $CORN to a CEX, you must bridge to Eth Mainnet first. Most CEXs do not yet support $CORN trading on Corn,” the project stated.

With a phased rollout, Corn aims to establish itself as a leading BTCFi network, offering staking opportunities and governance mechanisms. The project’s long-term alignment strategy seeks to foster sustainable growth and innovation within the Bitcoin DeFi ecosystem.