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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Nigeria set to launch its Central Bank Digital Currency (CBDC) eNaira on Monday

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 Nigeria President Muhammadu Buhari is set to launch the country's CBDC. eNaira on Monday. This was disclosed by the Central Bank of Nigeria (CBN) in a statement issued on Saturday by its Director of Corporate Communications, Osita Nwanisobi.

The eNaira was slated to be launched earlier on October 1, however, it was suspended due to the lawsuit against the apex bank over trademark infringement by the ENaira Payment Solution Limited firm.

The Statement said: "Following series of engagements with relevant stakeholders including the banking community, fintech operators, merchants, and a cross-section of Nigerians, the CBN designed the digital currency, which shall be activated on Monday, October 25, 2021."

"The eNaira, therefore, marks a major step forward in the evolution of money, and the CBN is committed to ensuring that the eNaira, like the physical Naira, is accessible by everyone."

"Since the eNaira is a new product, and among the first CBDCs in the world, we have put a structure to promptly address any issue that might arise from the pilot implementation of the digital currency.

Central Bank Digital Currency (CBDC) is a new type of currency that governments around the world are experimenting with.

What set CBDC apart from established currencies is the proponent hope it can use new payment technology, typically a blockchain, to potentially increase payment efficiency and lower cost.

Few countries have stated piloting the technology such as China with its digital Yuan, U.S. in form of a digital dollar.



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