Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the 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. The Core Ignition Program is for both ecosystem users and We
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Facebook Likely to Make Its Own Cryptocurrency, Media Report

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It would likely be years before Facebook's work on blockchain and cryptocurrency became anything material, Cheddar reports.



The social media giant Facebook is exploring the benefits of releasing its own cryptocurrency, financial news outlet Cheddar reported on May 11.

According to Cheddar's anonymous sources, people "familiar with Facebook's plans," the social media giant is  "very serious" about plans to launch an in-app virtual coin.

It's not the first time the idea of a Facebook coin has been floated, but the plans take on some greater meaning in light of Facebook's recently reshuffled executive structure and newly formed blockchain group.

Senior reporter Alex Heath said:

"Sources say that Facebook is specifically interested in creating its own digital token, which would allow its more than two billion users to facilitate transactions without government-backed currency. Facebook is also looking at other ways that it could use this core blockchain technology that underpins these popular crypotcurrencies like bitcoin and ethereum."
 He added that the company is also evaluating how it can use blockchain technology to improve identity verification and secure its back-end infrastructure-perhaps even including how it manages customer data.

As CCN reported, Facebook announced last week that it had created a new team dedicated to researching blockchain technology. That team is led by Facebook executive David Marcus, who is also a sitting member of the Coinbase board of directors.

Marcus' appointment to Blockchain operations was immediately conspicuous, the executive previously having worked in the finance sphere for PayPal.

Marcus is an outspoken advocate for cryptocurrencies, and his experience at the digital payments firm makes him an ideal choice to oversee Facebook's potential foray into this space.

The venture would likely see Facebook make "strategic acquisitions" in the cryptocurrency industry as it seeks to build out its blockchain infrastructure...

Discussions are still preliminary, and if Facebook does decide to issue its own cryptocurrency it likely not going to be now.


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