The program operates as a Call for Innovation, offering developers an opportunity to engage with the Core ecosystem. Each month, participants can earn rewards

Core Commit Program Invites Developers to Build on Core dApp Chain

Program Overview and Timeline

The Core Commit Program is a three-month Call for Innovation, inviting developers to build decentralized applications (dApps) on the Core chain. During this period, participants can earn rewards based on their code commits and progress in developing their dApps.

Kicking off on October 14, 2024, the program will see applications open for one month, closing on November 14, 2024. After a short review period, successful applicants will be notified and the program will officially commence on November 28, 2024.

The program will culminate in a Demo Day at the end of the three-month period (exact date to be announced), where participating developer teams will showcase their completed dApps to the Core community.

Throughout the program, up to 10 developer teams will be selected to participate. These teams will receive support from the Core Foundation’s Business Development, Developer Relations, and Ventures teams.

Moreover, participants will benefit from personalized mentorship from Core Ventures and ecosystem experts. This guidance can help developers refine their products, scale their solutions, and find a product-market fit.

Finally, by participating in the Core Commit Program, developers will have the chance to connect with Core contributors and other ecosystem projects through various initiatives, including AMAs and webinars.

Application Process and Rewards

Developers interested in participating in the Core Commit Program can apply by selecting from a wishlist of curated project ideas provided by the Core Foundation or proposing their own.

Selected teams will have the chance to receive up to $2,500 worth of CORE tokens per month, depending on their performance and progress. In total, $75,000 worth of CORE tokens will be distributed across the three-month program. Each month, $25,000 will be awarded based on the performance of participating projects.

Apart from that, participants will also be eligible for the following benefits:

Rewards for completing project milestones and code commits.

Personalized mentorship from Core Ventures and ecosystem experts.

Opportunities to connect with Core contributors and other ecosystem projects.

To qualify for rewards, developers must adhere to specific criteria:

Open-Source Projects: The code must be open-sourced and publicly available on GitHub.

Detailed Project Plans: Developers must submit execution plans to track their progress.

Meaningful Code Commits: Code commits must demonstrate significant project advancement. Examples include adding new features, fixing bugs, enhancing security, optimizing performance, or improving user experience.

Valid Proof of Work: Developers must submit their work through GitHub code commits to prove meaningful progress.

Recent Developments in the Core Ecosystem

This initiative comes in the wake of several recent developments within the Core ecosystem. Switzerland-based Valour has introduced an exchange-traded product (ETP) for Core DAO (CORE), enabling investors to gain exposure to the Core blockchain network.

Moreover, the Core Foundation unveiled LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC) on Sept. 5. This token allows BTC holders to earn staking rewards while maintaining liquidity for use in decentralized finance (DeFi) applications.

In related news, a key contributor to Core DAO, Rich Rines, highlighted Bitcoin’s large presence in the crypto market and its potential to be further integrated into DeFi.

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