Core Ignition Drop Claiming Guide

 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

Binance Plans to Invest in Africa




Binance has decided to tap into the vast cryptocurrency potential in Africa. In a statement, the company said it is looking to make investments in Africa and is calling on its supporters to help them connect with crypto- and blockchain  projects in the continent with "excellent founders."
We have no headquarters, no office and no geographical boundaries. We are just as African as  we are Asian or European. The blockchain revolution will be a global one and Binance Labs will consider investments in all non-sanctioned countries. In Africa, we feel very much at home and we want to deploy our capital there," says Benjamin Rameau, director at Binance Labs.
The company is looking to invest in Africa as it believes the continent will help maximize its profits. Binance believes Africa is on the verge of turning the tables on crypto and it wants to be part of the movement. Africa could soon overtake Asia as the world crypto leader, according to Binance.

A report says, Kenya currently ranks as the third-highest, following South Africa and Nigeria in terms of cryptocurrency transactions.

Factors to support this belief

Binance mention some factors to support this belief. 
  • First, Africa is more open to change, unlike developed countries. Studies show developed economic systems are reluctant in allowing new systems into their space, which can threaten their profits.
Entrenched banking industries have been fighting cryptocurrency adoption all across the globe and more so in the developed economies. Most of the communities in Africa still do not have proper banking frameworks so blockchain and its technology will face minimal opposition, making it easier to introduce this technology to the communities.
  • Secondly, Africa has a large young population who is willing to embrace new technology. this puts them at an advantage over the most developed economy. According to reports, Africa's young population will provide the labour to facilitate various projects.

Benefits

Binance's investment project will see an increase in job opportunities for the community, general economic growth, increase infrastructure and a better financial system for the communities.


Spread the news

Comments