San Francisco-based cryptocurrency exchange, Coinbase will soon pay users “small amounts” of 0x tokens for learning about new cryptocurrencies.
According to a Wednesday announcement, Coinbase just launched a new platform called “Earn” which will allow users to get basic knowledge of crypto assets through videos and quizzes.
For completing educational tasks on the Earn platform, users will get some 0x tokens, although the same educational resources will be made accessible regardless of whether they have signed up for Earn or not.
As per the release, Coinbase Earn will for the moment be available to those invited by the exchange while interested persons can sign up to a waiting list.
Coinbase also said it hopes in the future to support the distribution of the incentive in cryptocurrencies other than the 0x (ZRX) token.
Motive Behind Coinbase Earn
As explained in the release, Coinbase Earn will be one more way for the San-Francisco based outfit to promote the adoption of cryptocurrencies in the mainstream.
Coinbase purportedly carried out a survey which confirmed that “one of the biggest barriers for people to explore a new digital asset is the lack of knowledge about that asset.”
On this basis, Coinbase Earn will solve the ‘where to start’ problem for people and become an alternative to cryptocurrency mining or purchase which are the primary sources of getting cryptocurrencies till date.
“Mining cryptocurrency typically means high setup costs and technical knowledge, while buying cryptocurrency requires disposable income to exchange for cryptocurrencies, which limits access.” the release said.
With Coinbase Earn, users can get cryptocurrencies by learning about the invention on their smartphone or laptop.
Aside from the latest announcement, and the support for direct crypto conversion, more exciting news from Coinbase is expected as the exchange rounds up their promotional campaign called 12 days of Coinbase.