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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Luno Nigeria set to enable Naira deposit and withdrawal in coming weeks

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Luno

The Cryptocurrency trading platform Luno has announced to resume Naira deposit and withdrawal for Nigerian users in the coming weeks.

The announcement came in through e-mail notification to all Luno customers on Thursday 16 September saying-

"We are pleased to announce that we have approved a solution to enable our customers to withdraw and deposit Naira again on Luno. This will be available on our platform in the coming weeks."

furthermore, Luno stated that customers "would receive more information along with the planned launch date, soon. in the meantime, you can still by, sell, send, and received and earn crypto with funds that are already in your wallet."

This announcement came in after halting naira deposits and withdrawals for Nigerian crypto traders eight months ago.

You will recall that the Central Bank of Nigeria (CBN) ban all banks and financial institutions from operating cryptocurrencies exchange in the country which forced all Nigerian fintech companies and crypto exchange platforms like Luno to stop transactions in Naira.

The excuse is given by CBN then was that cryptocurrency and virtual currencies are largely used in terrorism financing and money laundering, due to the anonymity of the crypto transactions.

However, this ban from Nigerian Apex Bank does not stop Nigerians from trading crypto but increasing the level of crypto adoption through P2P transactions among the citizens.

The Nigerian government has since planned to offer an alternative to Nigerians with the introduction of e-Naira, in the process the CBN governor Godwin Emefiele listed the benefits of the e-Naira to include increased cross-border trade and accelerated financial inclusion.



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