• Bitget and Core DAO have announced a strategic partnership to support the development of decentralised applications (dApps) on Core network’s Layer-1 blockchain.
• The collaboration includes a $200 milion fund backed by MEXC, with grants available for projects that hit agreed-upon benchmarks.
• Bitget will also list Core projects and open a new Core Trading Zone on its derivatives platform and its integrated BitKeep wallet.
Bitget and Core DAO Launch Strategic Partnership
Bitget, a leading crypto derivatives trading platform, and Core DAO, the organization developing the Satoshi Plus ecosystem, have announced a strategic partnership to support the development of decentralised applications (dApps) on Core network’s Layer-1 blockchain.
$200 Million Fund Backed by Strategic Partners
The collaboration between Bitget and Core DAO involves an ecosystem fund worth $200 million, which is backed by strategic partners such as global crypto exchange MEXC. This fund will provide early stage projects on Core with support in areas such as product research and development, marketing, recruitment of talent, and community-building programs.
Core Trading Zone Opened on Derivatives Platform
Bitget has opened a new Core Trading Zone on its derivatives platform and integrated BitKeep wallet to list core projects and support CORE staking. Furthermore, it has become a validator on the platform via integration with blockchain messaging protocol LayerZero.
Airdrop Benefits Roughly 2 Million Users
Core recently launched its mainnet accompanied by an airdrop of CORE tokens that benefited roughly 2 million users. It is also collaborating with Switchboard – a permissionless Oracle protocol – as well as integrating with LayerZero – a cross-chain messaging protocol – in order to further grow its trajectory.
Market Reacts Positively to News
After news of this partnership was released, both the price of CORE tokens rose intraday highs of $1.70 while the crypto market climbed 2% to $1.34 trillion as Bitcoin bounced above $30k amid an overall uptick for cryptocurrencies