- Coinbase users can now earn EOS by learning about the digital currency
- This comes after the exchange listed EOS to its retail trading platform
- Currently, EOS trades at $7.56 with a market cap of approximately $6.9 billion
U.S.-based cryptocurrency exchange Coinbase has added smart-contract blockchain platform EOS to its crypto education rewards program, Coindesk reports, June 2, 2019.
Earn by Learning About EOS
The sixth largest cryptocurrency by market cap at the time of writing, EOS has been added by Coinbase to its crypto education reward earning program. Per sources close to the matter, people interested to learn about EOS can earn up to $10 in EOS tokens by watching relevant educational videos on Coinbase Earn.
Speaking at a Block.One event on June 1, 2019, in Washington D.C., Balaji S. Srinivasan, the former COO of Coinbase, said about the development:
“We think a large number of people will obtain crypto not by buying it or mining, but by earning it.”
With the addition of EOS to Coinbase’s Earn roster, users will now be able to learn as well as earn cryptocurrencies at the same time. Notably, Coinbase acquired Earn.com in April last year. One of the most well-funded crypto startups to date, Earn allows users to receive cryptocurrency rewards for learning about various decentralized protocols.
With this, EOS now joins the likes of other altcoins like stellar lumens (XLM), Zcash (ZEC), basic attention token (BAT), and 0x (ZRX) in the Coinbase Earn initiative.
In fact, EOS is the latest major cryptocurrency to have entered the Coinbase ecosystem. As previously reported by Blockchain Reporter on May 31, 2019, the San Francisco-headquartered exchange had listed EOS digital currency.
EOS has taken the center stage in the cryptoverse lately. With launching a new social media platform, to being ranked the number one digital currency in China, EOS looks primed to continue its rise in popularity. The smart-contract platform’s parent company, Block.One on May 23, 2019, launched the EOSIO explorer to help developers development teams BUIDL on the platform.
As for Coinbase, the trading platform has been continuously trying to expand its business tentacles across the cryptocurrency industry. Blockchain Reporter informed its audience on May 15, 2019, how the exchange had expanded its services to more than 50 new countries.