Core Ignition Drop First Claiming Phase Opens June 10th, 2024
TL:DR:
- 1st rewards claiming phase opens Monday, June 10th 2024, 9 PM UTC
- All incentives will be claimed as stCORE
- Upcoming stCORE Spark Multiplier
Attention, fellow ignited members! The moment you’ve been waiting for is here. The first claiming phase of the Core Ignition Drop is now open (Monday, June 10th, 2024). This is your chance to unlock your incentives for your engagement and contributions so far. Note: These incentives you’ll be claiming are based on your activity up until the snapshot taken on Friday, May 24th at 00:00:00 UTC.
What is the Core Ignition Drop?
The Core Ignition Drop is the way of rewarding the vibrant Core community for their active participation. Over the past months, participants have been accumulating Ignition Balance and Sparks, which measure user activity and engagement within the Core ecosystem. These Sparks are now ready to be converted into stCORE, starting with this first claiming phase.
Key Details of the First Claiming Phase
Start Date: Monday, June 10th, 2024 Time: 9 PM UTC
How to Claim Your Rewards
Here’s your step-by-step guide to ensure you don’t miss out on the first wave of rewards:
- 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 daily activities and interactions within the Core ecosystem up until the snapshot on May 24th.
- Claim Your stCORE Rewards: Follow the on-screen instructions to claim your incentives.
The Benefits of Claiming stCORE
- Earn Consensus Rewards Automatically: stCORE is a liquid staking token that allows you to earn rewards automatically. When you hold stCORE, you are participating in the Core’s consensus mechanism - Satoshi Plus - which means you earn additional CORE tokens over time. This boosts the value of your claimed stCORE, making it a productive asset even as you hold it.
- Liquidity for Ecosystem dApps: stCORE is fully liquid, allowing you to seamlessly participate in various ecosystem dApps. This means you can use stCORE to engage with Core’s DeFi dApps and maximize your rewards even further. You can explore dApps within the Core Ecosystem.
- More dApps Coming Soon: Stay tuned for more dApps that will support stCORE in the near future, providing even more ways to utilize your rewards and participate in the ecosystem.
Upcoming stCORE Sparks Multiplier
Get ready for the stCORE Sparks Multiplier coming soon! Your claimed stCORE will soon amplify your Spark accumulation, significantly boosting your rewards. Keep an eye out for this opportunity to climb up the tiers!
Don't Miss Out on Future Opportunities
If you don’t receive any rewards this time, don’t worry! There are plenty more opportunities to earn. Stay engaged, keep accumulating Sparks and badges, and participate in the Core ecosystem to maximize your chances in the next claiming phase.
How to Convert stCORE to CORE
If you wish to convert stCORE back to CORE please note that there will be a 7-day redemption waiting period for this conversion. We encourage you to leverage the benefits of stCORE within our ecosystem for optimal rewards. Learn more about stCORE and how to redeem it here. To access Liquid Staking, where all the action around stCORE happens, click here.
Why Participate in the Core Ignition Drop
Here’s why you might want to be part of 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 can enhance 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.
To learn more about the Core Ignition Drop check out this article and the Core Ignition FAQ.
Enhance Your Core Ignition Experience
To continue maximizing your rewards, keep engaging with the Core ecosystem. Here are some ways to boost your Sparks:
Bridge Assets: Transfer eligible assets to Core and increase your Sparks.
Watch for Spark Multipliers and Badges: Some assets and dApps have limited time multipliers for your daily Sparks or award badges needed to climb up the tiers, such as the Galxe BTC DeFi Summer Series, *CORE Name Tokens by D3 and the Invites badges.
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.
Stay Tuned for More Phases
Remember, this is just the beginning. More claiming phases are on the horizon, offering even more opportunities to earn and unlock rewards. Stay connected with Core through the official communication channels for the latest updates and announcements.
About Core
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.
