Core Ignition FAQs
1. What is Core Ignition?
Core Ignition is a six-month incentive program developed by the Core Foundation to jumpstart the growth of Core ecosystem. After two successful seasons in 2024 and early 2025, and Season 3 is now live. Please visit Core Ignition for further details.
2. What is Core blockchain?
Core serves as the Proof of Stake layer for Bitcoin, pioneering Self-Custodial Bitcoin Staking and securing a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,900 BTC have been staked with Core, boosting Bitcoin’s utility and security. Core is the most Bitcoin-aligned EVM blockchain, with approximately 76% of Bitcoin mining hash power contributing to the network’s security.
3. I am new to Core ecosystem. How do I get started?
For new users to the Core blockchain, here's some essential information:
- To interact with Core, the users need its native token, CORE, in their wallet.
- For first-time users, Core offers a one-time benefit to help users get started:
- If users bridge at least 10 USDT to Core, users qualify for the Core Faucet.
- This Faucet automatically deposits some CORE into the user's wallet.
- The process works as follows:
- First, funds are bridged (minimum 10 USDT) to the Core blockchain.
- Upon successful bridging, Core will automatically deposit CORE into the user's wallet.
- With CORE now in the user's wallet, users can immediately begin transacting on the Core blockchain.
Remember, this automatic CORE deposit is a one-time benefit designed to help new users easily start using the Core blockchain.
4. Difference between Core Ignition versus Core Ignition Builder’s incentive program?
The Core Ignition incentive program rewards loyal users to foster growth in Core’s BTCfi ecosystem. In contrast, the Core Ignition Builder’s incentive program rewards developers for creating dApps/projects on the Core blockchain.
5. I don’t have any Bitcoin token (BTC). Can I still participate in Core’s BTCfi ecosystem?
Absolutely! Users can still participate in Core's BTCfi ecosystem even without holding Bitcoin. As an EVM-compatible chain, Core offers a range of DeFi opportunities similar to other EVM chains, including DEXes, lending protocols, perpetual futures, restaking, and NFT platforms. Core's mission is to unlock $1.25T of trapped Bitcoin liquidity, creating opportunities for all web3 users.
6. Where to find more updates about Core Ignition?
- Visit the official Core Ignition website.
- Follow Core DAO official X (Twitter) account
- Read new blog posts
- Join Core community channels - Discord, and Telegram for discussions and regular updates.
7. What’s the difference between the Leaderboard and the Activity Leaderboard?
Both track valuable user contributions but focus on different aspects:
- Activity Leaderboard highlights how actively a user engages with Core, based on transaction count and volume.
- Overall Leaderboard considers not only user activity but also asset holdings and participation in dApps like lending, borrowing, and liquidity provision.
In both cases, long-term support for the Core ecosystem is valued. Sustainable participation, not just short-term activity or temporary liquidity, is considered when recognizing users' contribution in Ignition.
8. What’s the difference between wrapping and swapping on Core Ignition?
Wrapping means converting a token into its wrapped version, for example, turning CORE into wCORE for use in dApps. Swapping, on the other hand, involves exchanging one token for a different asset, such as swapping CORE for USDT.
Example:
- CORE → wCORE is wrapping, not swapping. This is simply converting CORE into its wrapped version for use in dApps.
- CORE → USDT is considered a swap, as it involves exchanging CORE for a different asset.
- wCORE → USDT is also considered a swap, exchanging wCORE for a different token.