Core Ignition Drop Claiming Guide

Posted by
 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
0

Binance Destroy $640 Million Worth BNB In It Resent Quarterly Token Burning

Posted by



Binance-token-burned


 The leading Cryptocurrency exchange operator Binance has announced that it has burned nearly 1.4 million BNB tokens (worth about $640 million at current prices) this marks Binance's biggest quarterly burn to date in dollar terms.

"Burning" refers to the process of permanently removing the potion of some crypto token from circulation thereby reducing its supply and potentially increasing its price. Binance was committed to burning a total of 100 million BNB tokens every quarter since 2017 when it was launched.

According to Block Research, Binance has burned 16.60% of the BNB supply to date. The number of tokens that are destroyed each quarter is calculated based on the trading volume on Binance's crypto-to-crypto exchange.


Binance burned $393 million worth of BNB in the second quarter and $595 million in the first quarter of 2021 according to the U.Today report.

The BNB price added a meager 1.2% after the burn was announced before quickly trimming even such modest gains.



Spread the news

Comments

Post a Comment