With the development of blockchain technology and the increasing demand for decentralized finance, DeFi has emerged. As one of the emerging DeFi platforms, the digital asset BTCFi launched by CORE Ecosystem has also attracted widespread attention.
BTCFi is the main digital asset in the CORE ecosystem. Its main function is to purchase, compete and vote on NFTs in the game. So what is NFT? Simply put, NFT is an asset identifier on the blockchain that can represent any asset in reality, such as digital artworks, game equipment, etc. On the BtcFish game platform, users can use BTCFi to purchase NFTs and participate in the game competition and voting governance.
In addition to applications on the game platform, users can also obtain BTCFi through official task rewards and resource rewards. This move not only brings more users to the CORE ecosystem, but also provides users with diversified ways to obtain BTCFi. In addition, by linking BTCFi with the BtcFish game platform, it is also expected to promote the connection between the CORE ecosystem and the game application ecosystem, bringing users a richer DeFi experience.
As for the prospects of CORE ecosystem and BTCFi, we can analyze it from two aspects: the Bitcoin PoW consensus mechanism it adopts and the Bitcoin staking that will be launched. First of all, the Bitcoin PoW consensus mechanism is considered to be one of the safest consensus mechanisms, and its decentralized nature also provides users with higher trust and privacy protection. In addition, the CORE ecosystem will also launch Bitcoin staking, allowing BTCFi holders to stake it and gain benefits. This mechanism can not only increase the usage rate of BTCFi, but is also expected to promote the development of the CORE ecosystem.
In general, the application of BTCFi, a digital asset in the CORE ecosystem, on the game platform and the official task reward and resource reward mechanism have brought users a rich DeFi experience. At the same time, the Bitcoin PoW consensus mechanism it adopts and the Bitcoin pledge to be launched also provide strong support for its security and decentralization. I believe that in the near future, the CORE ecosystem will become an important player in the DeFi field.
Satoshi Nakamoto will soon launch BTCFi airdrop for free. Expected to be launched this month!
