Users in Over 100 Countries Can Now Earn Their Share of $100 Million in Crypto from Coinbase
None of us are big fans of the tutorials and instructional guides for getting us onboarded. No matter how well meaning they are, we resent anything that represents an impedement to our progress.
But, with the recent announcement made by Coinbase, users will be able to earn their share of a $100 million pool of cryptos for completing instructional tasks and getting clued up on crypto trading. According to the team, this includes users from more than one hundred countries across the world. All users need to do as access Coinbase.com/earn in order to get started.
The initiative, which is more commonly known as Coinbase Earn, was introduced back in late 2018, and allows users to earn a range of crypto simply by answering simple questions or questionnaires, finishing instructional tasks and even testing out new decentralized protocols courtesy of any of its partnered cryptocurrencies.
Along with this being a significantly big positive for users, asset issuers will be able to use this system in order to test out their blockchain projects as well as getting them informed about how to make use of their project or cryptocurrency.
Earning opportunities for users are currently available to Coinbases users from blockchains / cryptocurrencies such as ZCash, Stellar, Basic Attention Token, 0x along with a wide range of others which are expected to join the system this year.
The team went on to announce that Coinbase earn, while being established back in 2018, is gradually being introduced to a far larger pool of prospective users. To be specific, Coinbase has its sights set on the developed market for the time being, with the intention of moving it over to emerging markets in the foreseeable future.
These include the continents of the United States, and European Union. The latter of which is (so far) Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden),
Earn is also available in Oceania as well, with countries like Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea, and Taiwan. All users would need to do to join is to sign up to Coinbase and begin participating in various quizzes and tutorials once they have successfully passed ID Verification and passed the pre-set Earn eligibility criteria.
For those that are in a country where Earn has not yet been released, you will be able to obtain verification and become part of the waitlist. Putting you first in line once Earn has become available. Be sure to check out the criteria for eligibility within this project by checking the list here: https://support.coinbase.com/customer/portal/articles/2963868-coinbase-earn-faq-and-terms#Criteria
So what was the underlying logic behind the decision by Coinbase to create and introduce Earn? The company has stated that it is seeing an evolutionary force taking hold in the cryptocurrency space.
Thanks to the progress seen from the world of cryptocurrency mining to trading and earning it as a form of income, taking this metamorphosis into consideration, the team saw a great deal of potential in creating an incentivised system for educating and helping users learn more about the prospects for blockchain.
This brand new project means that anyone, whether they're participating through a smartphone or browsing on the web at home will be able to learn more about blockchain while earning cryptocurrency for their time simply by setting up a new Coinbase account.
For the community as a whole, it means that millions of users across the world will be able to learn about and earn cryptos from an internationally trusted, safe and regulated bridging institution.