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

eToro Stake $1 Million to GoodDollar Universal Basic Income Project


 eToro has added $1 million to expand GoodDollar, the community-driven, non-profit Universal Basic Income protocol. The $1 million staked to GoodDollar will result in more GoodDollas minted and distributed as digital UBI to GoodDollar's 225,000 members across the world, eToro announced Wednesday.

The GoodDollar system works by capturing the interest generated by staking donors' contributions in leading DeFi protocols such as Aave and Compound. That interest is then distributed to a global community via GoodDollar tokens.

GoodDollar is described as a reserve-backed cryptocurrency that is distributed daily to registered users as a form of UBI. The UBI model is supported by donors who deposit assets on the platform. A portion of the accrued interest via staking is returned to the donors, with the rest collateralized in the form of new $G tokens.

GoodDollar was founded in 2020 by eToro to help solve systemic inequality and create more transparency around how money is created. Originally, eToro had committed $58,000 to the protocol before upping its stake to $1 million after GoodDollar published promising results for its proof-of-concept. During the initial trial run, the protocol distributed $16,000 worth of UBI in the form of GoodDollar tokens to more than 225,000 people.

Spread the news