TL;DR:
New claiming phase opens Wednesday, July 31st at 12:00 PM UTC;
New multipliers up to 7x in Core Ignition Drop for stCORE, wCORE and USDT.
Exciting News for the Core Community!
The second claiming phase of the Core Ignition Drop is coming this Wednesday, July 31st at 12:00 PM UTC, providing another opportunity to unlock your rewards and take advantage of new multipliers designed to boost your Spark accumulation.
New Spark Multipliers
After the first stCORE campaign - where users can mint min. 10 stCORE to claim a badge + 6,000 Sparks, there are new Spark Multipliers in the Core Ignition Drop just in time for the second claiming phase, so you can make the most out of your claimed rewards!
Here’s a breakdown of all the new multipliers:
stCORE Asset Multiplier: 1.2x
stCORE Lending (Colend): 2.5x
stCORE Borrowing (Colend): 5x
Providing Liquidity:
On any LP (Liquidity Pool) with at least 1 of the following assets:
stCORE (3x)
wCORE (5x)
USDT (7x)
Eligible DEXes: Glyph Exchange, COREx, IceCreamSwap and Viridian Exchange.
How to Claim Your Rewards
Once claiming is available on Wednesday, July 31st at 12:00 PM UTC, here’s what you need to do:
- Visit the Core Ignition Dashboard: Log into your account on the official Core Ignition Drop website.
- Review Your Sparks: Ensure you’ve been accumulating Sparks through your activities within the Core ecosystem.
- Claim Your stCORE Rewards: Follow the on-screen instructions to claim your incentives.
Claim Ignition Rewards
The Benefits of Claiming stCORE
CORE vs stCORE
Earn Consensus Rewards Automatically: stCORE is a liquid staking token that allows you to earn rewards by participating in the Core’s consensus mechanism.
Liquidity for Ecosystem dApps: stCORE is fully liquid, enabling seamless participation in various ecosystem dApps, maximizing your rewards.
More dApps Coming Soon: Stay tuned for more dApps supporting stCORE, providing even more ways to utilize your rewards.
Read more about stCORE here.
Why Participate in the Core Ignition Drop?
Exclusive Incentives: Be among the first to claim your incentives and get a head start in the Core ecosystem.
Boost Your Status: Early participation enhances your standing and influence within the Core community.
Maximize Your Benefits: The more you engage now, the more you’ll benefit from future claiming phases.
Enhance Your Core Ignition Experience
To continue maximizing your rewards, keep engaging with the Core ecosystem:
Bridge Assets: Transfer eligible assets to Core and increase your Sparks.
Watch for Spark Multipliers and Badges: Some assets and dApps offer limited-time multipliers or award badges needed to climb up the tiers.
Participate in dApps: Engage with dApps within the Core ecosystem to earn additional Sparks.
Invite Friends: Expand your network and earn Sparks from your invitees’ activities.
Get Ready for the Next Phase
More claiming phases are on the horizon, offering even more opportunities to earn and unlock rewards. This is just the beginning of Core Ignition, and the earlier you join, the more rewards you can unlock!
In this next phase of Core Ignition Drop, your final multiplier will no longer be calculated by multiplying all individual multipliers together but will instead be determined by summing them up.
Keep an eye out for the upcoming campaigns - stay connected with Core through the official communication channels for the latest updates and announcements.
About Core
Core is a Bitcoin-powered blockchain unlocking EVM-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 4,900 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 269M transactions since its mainnet launch in January 2023.