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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. Season 1 has concluded on September 11, 2024, and Season 2 is currently live. Please visit Core Ignition for further details.

2. What is Core blockchain?​

Core serves as the Proof of Stake layer for Bitcoin, pioneering Non-Custodial Bitcoin Staking and securing a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,500 BTC have been staked with Core, boosting Bitcoin’s utility and security. Core is the most Bitcoin-aligned EVM blockchain, with approximately 55% 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:

  1. To interact with Core, the users need its native token, CORE, in their wallet.
  2. 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.
  3. 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 Chain’s BTCfi ecosystem. In contrast, the Core Ignition Builder’s incentive program rewards developers for creating dApps/projects on the Core Chain.

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?​