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

HotBit Centralized Exchange Ends Operation, Instruct Users to Withdraw Funds

Posted by



 Hotbit, a centralized crypto exchange announced on May 2023 that it would be stopping all operations due to deteriorated operating conditions, the change in crypto space in opting for a decentralized exchange that is killing centralized exchanges, and also due to repeated cyber attacks and exploitation of the platform.

The HotBit exchange had been operating since 2018 and was known for its large selection of cryptocurrencies and its user-friendly interface. In its announcement, Hotbit stated that it has decided to stop all Centralized Exchange Operations from May 22, UTC 04:00, and asked all users to withdraw their remaining assets before June 21, UTC 04:00.

Hotbit's decision to end Cex operations permanently was met with a reaction from the cryptocurrency community. People see the week as wild for crypto, after major shocks from Ledger, Metamask and now Hotbit the leading exchange with 5m+ users shutting down operations.

The incident at Hotbit serves as a reminder to embrace decentralized exchanges while Cexs play a crucial role in the cryptocurrency ecosystem,  they are often targeted by hackers and are vulnerable to system errors. It is important users need to take precautions when using exchanges, such as self-possession of their assets and only use exchanges that have a proven track record of security. 



Spread the news

Comments

Post a Comment