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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Renec crypto launches stablecoin reUSD

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Renec launched a stablecoin to be used on its exchange Renec Dollar (reUSD) a cross-chain solution designed to promote users- friendly decentralized economic development, with its value fully backed by a reserve of popular stablecoins, including USDT in the initial stage and may expand to include other types of stablecoins in the future.

reUSD is created on the RENEC blockchain platform using RPL token technology to ensure stability and safety for its value, reUSD is fully backed by assets held in a Reserve, where the collateral requirement is $1 of stablecoin assets of each reUSD minted.  The conversion rate to mint reUSD will be set at $1 USDT, a stablecoin guaranteed by fiat currency on the Ethereum network.

How to mint reUSD? 

Users can convert from a popular coin like USDT to reUSD at a 1:1 ratio through the following steps: 

• Visit reusd.renec.foundation on desktop or Metamask Dapp browser

• Connect to your Metamask wallet a wallet from which you withdraw USDT. 

• Enter a wallet address to receive reUSD, the address must be compatible with RPL like Demo wallet.

• Enter the amount of USDT you want to swap and agree to the Terms of Service, then click the process button.

• After clicking on continue, your transaction will be processed, then wait for about 5 minutes for reUSD to appear in your wallet.

With the launch of reUSD, Renec claims to strive to advance the development of the decentralized economy further and foster the adoption of blockchain and cryptocurrencies. 


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