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Core Ignition: Fueling the BTCfi Ecosystem with a 6-Month Incentive Program

4 min read
Core Ignition: Fueling the BTCfi Ecosystem with a 6-Month Incentive Program

The world of Decentralized Finance (DeFi) is constantly evolving, and the concept of BTCfi (Bitcoin DeFi) is at the forefront of this innovation. Core DAO is taking a bold step forward with the launch of Core Ignition, a groundbreaking six-month program designed to supercharge the growth and adoption of the Core Chain and its BTCfi capabilities.

What is Core Ignition?

Core Ignition is a carefully designed six-month incentive program launched on March 11, 2024, aimed at rewarding the Core community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem.

Duration and Eligibility Criteria

  • Program Duration: The program kicked off on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits.
  • Eligibility Criteria: A valid X account and an invite code are essential for participation. You can find invite codes by searching the #CoreIgnition hashtag on X.

Bridging Assets and Exploring the Core Ecosystem

Participants can bridge their assets (wBTC, BTCB, BTC.B, USDT, USDC, and ETH) from various chains like Ethereum, Arbitrum, Optimism, Avalanche, Polygon, and BNB Chain to the Core Network using the official bridge. This allows them to explore a variety of Core's flagship dApps, increasing their chances of earning substantial rewards. New dApps will be continuously introduced and announced through official Core communication channels.

Reaching Milestones & Earning Rewards

The early participants who bridge their assets to the Core Network and start exploring the ecosystem will stand a chance to earn bigger rewards. Here's how you can earn additional invite codes:

  1. First Milestone (100 USDT): Bridge at least 100 USDT (or an equivalent amount or more of other assets) to earn 8 invite codes.
  2. Second Milestone (5,000 USDT): Bridge at least 5,000 USDT (or an equivalent amount or more of other assets) to earn 16 additional invite codes.
  3. Final Milestone (25,000 USDT): Bridge at least 25,000 USDT (or an equivalent amount or more of other assets) to unlock a permanent invite code with unlimited invites.

User Journey & Timeline

  • March 11, 2024, 00:00 GMT +5:30: Program commences, allowing asset bridging.
  • March 25, 2024: Users can explore Core's dApps with their bridged assets.
  • September 11, 2024, 23:59 GMT +5:30: Core Ignition concludes. Stay tuned to Core's official X channel for further updates and details.

Further timelines and updates about Core Ignition will be posted on Core’s official X channel.

Join the BTCfi Revolution with Core Ignition

This program presents a unique chance for users and builders to actively contribute to the growth of the Core ecosystem while earning rewards. By participating, you'll be a part of the BTCfi revolution, shaping the future of DeFi!

For more information about Core Ignition, make sure to read the frequently asked questions.

Join the Core Ignition today and ignite your journey with Core!

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