Unveiling the $200M Core Ecosystem Collaboration with MEXC and Bitget
Core DAO is thrilled to announce the launch of a $200 million collaboration with MEXC and Bitget to further the Core ecosystem. This significant capital and liquidity injection will reward Core’s best builders and spur ecosystem growth as critical decentralized applications and protocols continue to propel the chain forward. In addition to their capital support of the Core ecosystem, MEXC and Bitget are also becoming key strategic partners of Core DAO as Core continues to advance accessibility, decentralization, and other initiatives. MEXC and Bitget have a combined user base of ~18 million accounts. To those individuals, welcome to Core. A new era of blockchain development is now underway.
Growth Over Grants
Unlike the traditional grant-based systems, Core’s $200 million Ecosystem Collaboration employs a long-term, user-friendly, and sustainable approach. Instead of providing short-term liquidity mining incentives, Core DAO is rewarding projects for hitting customized and agreed-upon benchmarks, prioritizing tangible value delivered to the Core community. By focusing on long-term success and sustainability, this collaborative effort will play a vital role in driving innovation and growth on Core.
Logistically, this collaboration initiative will provide support to early-stage projects for research and development, recruiting, marketing, community-building programs, and other priority growth initiatives. In spurring this activity, the Ecosystem Collaboration goes beyond even the headlining capital infusions by uniting key builders with established blockchain entities like MEXC and Bitget. Together, we will collaboratively empower the next generation of decentralized applications and protocols, paving the way for a more decentralized and interconnected future.
Partnering with MEXC
With over 10 million users across 170 countries, MEXC is a leading global cryptocurrency trading platform with trading services for spot, futures, ETFs, NFTs, and more. MEXC also has a venture capital and incubation arm known as M-Ventures, which is leading the work for the MEXC side of the initiative with the goal of supporting growth for projects with the most promising use-cases. Combined with an abundance of experience and expansive industry connections, MEXC’s partnership with Core DAO brings immense value to decentralized protocols earning rewards from the Core Ecosystem Collaboration.
In addition to providing direct support to Core via the Ecosystem Collaboration, MEXC is also enhancing Core’s accessibility and security. Fulfilling its commitment to a user-focused crypto experience, MEXC makes Core more accessible to users, particularly through its native staking services. With the adoption of native staking, MEXC’s millions of users can easily support Core security by staking their CORE tokens. Beyond empowering users to support Core security, MEXC itself will be directly supporting the Core network by acting as one of the validators on the chain. With MEXC stepping up, the validator set is growing increasingly competitive, decentralized, and secure.
Partnering with Bitget
Bitget is a worldwide leading exchange with leading futures and copy trading features. The exchange boasts over 8 million users in more than 100 countries and regions with volumes making it a top 5 exchange in futures trading according to CoinGecko. Now, Bitget is participating in the Core Ecosystem Collaboration following its recent announcement of the Bitget Web3 Fund.
Similar to Core DAO’s partnership with MEXC, the partnership with Bitget is a notable unlock for ecosystem participants and the Core chain itself. For users, Bitget is opening a new Core Trading Zone on its platform and its integrated BitKeep wallet. On top of the Bitget platform, users will also be able to natively stake their CORE tokens. This accessibility initiative, similar to MEXC’s own staking services, is paired with Bitget’s intention to register as a validator on the Core blockchain. As more validators and users join in securing the network, Core security continues to increase.
Calling All Builders
Well capitalized and ready to grow on-chain development, Core DAO contributors and partners worldwide are on the hunt for the best projects on Core. Core DAO initial contributor Lindsey Haswell, who has extensive blockchain experience as the Chief Legal Officer at both Blockchain.com and MoonPay, stated, “At the heart of the Core Ecosystem Collaboration is a commitment to nurturing projects that align with Core’s long-term vision of building a truly decentralized and user-focused blockchain. This partnership will become a driving force in unlocking the potential of decentralized projects on the Core blockchain.”
Disclaimer
CORE tokens are only available to persons outside of the United States, Canada, and non-OFAC sanctioned countries. Each recipient shall determine which laws, rules and regulations are applicable and shall undertake all necessary efforts to comply with all such obligations. Core and its affiliates make no representation of the legal status of CORE under any jurisdiction. Furthermore, nothing in this post should be construed as advice of any kind, including legal, business or tax advice. This post does not constitute an offer to sell or the solicitation of an offer to purchase any investment.
