Home Crypto Altcoin News Coinbase launches program to educate new crypto users

Coinbase launches program to educate new crypto users

Coinbase recently announced their intention to help educate the public about cryptocurrency. Through the Coinbase Earn program, users will receive crypto assets to help them learn.

Coinbase Earn

In a blog release yesterday, Coinbase announced t the new program. The program aims to reward new crypto users by paying them small amounts of cryptocurrencies to complete educational tasks like videos and quiz questions.

The idea is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.

At the moment, the program only exists for ZRX tokens. Although Coinbase plans on branching out in the future. The program is also currently on an invite-only basis. But interested parties can still access the material for free, and join a waitlist to fully participate in the program in the future.

Current public confusion

Cryptocurrencies are confusing to people on the outskirts of the sector. Coinbase research found people to be largely hesitant toward assets they did not understand. However, the people surveyed did want to learn about cryptocurrencies other than bitcoin but did not know how to go about it.

The Coinbase Earn program allows interested folks to learn about crypto assets while being able to tinker with them, applying their new-found knowledge. This first round of the program received ZRX funds for the program from the 0x Core Team, as stated on their own blog release yesterday.

The 0x Core Team has allocated 1,600,000 ZRX tokens from our external development pool for the initiative. 100% of these tokens will be distributed to Coinbase Earn participants.

Crypto Twitter’s response

Crypto twitter had mixed feelings on the whole announcement. Notable bitcoin maximalist Jimmy Song looked at the event negatively, stating the 0x donation as a listing fee.

The Block writer Larry Cermak wrote about an interesting connection between Coinbase Earn and Earn.com, which the company purchased back in April of this year.

A spokesperson for Coinbase told The Block that Coinbase will be scaling up Earn.com via Coinbase Earn, piece by piece. According to the spokesperson, ‘[t]he first piece is today. Beyond that, we don’t have specific plans to share at this time.’

Some members of Twitter expressed skepticism toward the new initiative, expecting the newly rebranded Earn.com to fail.

While other speculators worry Coinbase Earn could be a gateway for further scams.

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Benjamin Pirus
Benjamin Pirus
BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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