As the trend for giving users education on Cryptocurrency has increased with the passage of time, CoinMarketCap, the top cryptocurrency market data site which is owned by the major cryptocurrency exchange Binance, has started an Earn program by launching the CoinMarketCap Earn Platform that allows users to earn rewards simply by learning about cryptocurrency.
Cryptocurrency Education Rewards Program
It is basically a cryptocurrency education rewards program where users learn more about cryptocurrencies by watching various educational videos and completing different kinds of quizzes. As a result, users are paid with rewards.
A similar to this cryptocurrency education rewards program was launched by one of the biggest cryptocurrency exchanges Coinbase last year in June 2019 known as Coinbase Earn with a purpose to incentivize the cryptocurrency education by paying users with rewards. Now, CoinMarketCap has become the second major platform to start a cryptocurrency-related education rewards program.
Band Protocol is the first project supported on the platform
Backed by Sequoia Capital and Binance, the cross-chain data oracle Band Protocol is the first project which has been listed on the CoinMarketCap Earn platform. By learning about cryptocurrency through videos and quizzes, users can earn BAND tokens worth of $160,000 as offered in the Earn program.
Commenting on this, the CEO and co-founder of the Band Protocol, Sovaris Srinawakoon said:
“Given CoinMarketCap is likely the number one traffic website in crypto, where all the newcomers go to check prices, it’s really important that they lead this initiative for users and that’s why we decided to join them.”
While talking about the importance of education that may accelerate the cryptocurrency use among users, he added, “Education is key to accelerating the use of cryptoassets and we are thrilled to be part of CoinMarketCap’s efforts to help users learn more about their underlying technology.”
The ultimate purpose is to let millions of people learn more about cryptocurrency. Like Coinbase Earn, CoinMarketCap’s earn program will likely see massive success in its mission.