Following the initial announcement of Core Ignition, the Core Foundation's incentive program is moving into a new phase that's now accessible to all. The Early Stage period with invite-only access was just the beginning, and the program is now expanding to include everyone interested in joining the BTCfi revolution - no more invite codes required.
Open Access to Core Ignition
In this new phase, the requirement for invite codes has been removed. The Core Ignition incentive program is for all Core network participants (other than those in prohibited jurisdictions or otherwise ineligible as described in the Program Terms & Conditions).
Invites are still valid - and you might want to use them.
The lookback period for bridged assets now counts from an earlier date, meaning that even more Core network participants can generate a permanent invite link.
Get Ignited
How to start:
- Go to ignition.coredao.org;
- Click on "Start Bridging
- Select your country
- Connect X profile (optional)
- Pick a username to show up on the dashboard
- Connect your wallet;
- Bridge in assets to increase your Core Ignition balance ($100 USDT worth of assets = Unique invite link)
- Monitor your Core Ignition Dashboard daily and keep an eye out for opportunities to get boosters for your Core Ignition Balance.
- Interact with Core dApps, some dApps can be found in the dashboard but there's a world beyond those that you want to explore. Some interaction examples 😉:
Be a Liquidity Provider;
Use DeFi dApps;
Mint NFTs;
Play games on Core;
Try out staking;
…
Invite Friends to Enhance Your Experience
Expanding your network within the Core Ignition incentive program will directly benefit you. Once you bridge a minimum of $100 USDT worth of assets to Core Chain through Core Bridge, a permanent & unlimited invite link will be generated. Note that it takes 1 hour for the system to update the values bridged, which unlocks your permanent invite link.
Use this link to invite friends so you can increase your Core Ignition balance, which contributes directly to your Core Ignition Score.
Once you get team members joining you on this journey to get ignited, the Core Ignition balance attributed to the team's leader is calculated from 10% of the balance of the 1st degree invitee and 2% from the 2nd degree invitee.
Understanding Core Ignition Balance vs. Core Ignition Score
It's important to clarify that your Core Ignition Balance is separate from your Core Ignition Score. While the balance reflects the assets you've bridged and the invites you've made, the Core Ignition Score is a comprehensive measure of your overall activity and engagement within the Core ecosystem.
The score will be calculated based on multiple factors, including the amount of bridging activity, staking involvement, interactions with dApps, and other contributions to the ecosystem. This score will ultimately determine the CORE rewards you receive at the end of the program.
The more you engage on Core Chain, the more you earn.
More information about the Core Ignition Score will be disclosed later.
The Next Step
This next phase of Core Ignition is designed to broaden participation and engagement within the Core ecosystem. Removing barriers to entry and incentivizing community involvement is the fuel for growth and adoption of BTCfi.
Everyone can take advantage of this opportunity to explore and contribute to the Core Ecosystem, get to know different dApps, tools or protocols and earn from their contributions.
The BTCfi revolution is revving up, and you've got a front-row seat. In the next phase, get ready to get creative while exploring and interacting with the Core Ecosystem to increase your rewards. Remember, every on-chain interaction counts - from a simple NFT minting, providing liquidity in a DeFi protocol, playing a game on Core Chain, contributing to TVL and even staking - the possibilities are endless.
Ready, set, Core Ignition.
About Core Chain
Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking and the world’s first yield bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.
Disclaimer
The terms and details contained herein are subject to change at any time, with or without notice. There can be no assurance that any of the items related to the Core network will occur as described or will occur at all. Similarly, there can be no assurance that the network or any of the items related to the Core network will operate as described, operate without significant downtimes or without adverse consequences, or operate at all. Core and all related parties and affiliates disclaim any and all potential liability from any such failures, adverse events or any other related events.
Any distribution of tokens or virtual assets is available only to persons who are not residents of, domiciled in, or are otherwise citizens, visa, or green-card holders of the United States, Canada, or OFAC-sanctioned jurisdictions. Any such distribution is subject to all applicable local laws, rules and regulations of the applicable jurisdiction. Each recipient shall determine which laws, rules, and regulations are applicable to them and shall undertake all necessary efforts to comply with all such obligations. Core and its affiliates make no representation of the legal status of any distribution of tokens or virtual assets under any jurisdiction and any such distribution is void where prohibited. Furthermore, nothing in this post should be construed as advice of any kind, including legal, business, investment or tax advice. The airdrop does not constitute an offer to sell or the solicitation of an offer to purchase any investment.