CoinMarketCap offers up to $160,000 in BAND tokens to complete quizzes and to watch educational videos about cryptocurrency so let’s find out more about it at the latest cryptocurrency news.
CoinMarketCap offers you to learn more about crypto in the Earn program and Sequoia-backed Band Protocol is the first to be featured on the campaign. This follows similar educational initiatives launched by Coinbase back in 2019. CoinMarketCap launched the Earn program which will pay users to learn more about cryptocurrencies. Band Protocol cross-chain data oracle which will be the first asset that will be featured on the platform.
Incentivizing crypto assets education is a growing trend. Coinbase initially launched Coinbase Earn in 2019 which paid users in crypto to engage in educational content and it became a huge success. CoinMarketCap is the most commonly used crypto data site so the platform should bring crypto education to millions of people. The CEO and co-founder of 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. 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.”
Each new Earn campaign will last for eight days and the account will be prerequisite for participating in the Earn campaigns. BAND enables smart contract applications such as the DeFi space (decentralized finance) to connect with and utilize the external data in the real world. This campaign does not only promote crypto education but gives the users a chance to test their knowledge and receive small accounts of crypto in return. As a part of the campaign, Srinawakoon will conduct a live AMA with the CMC team via YouTube.
Coinmarketcap delists BNB as the top DeFi token because they believe it was a mistake. BNB was listed at the top of the new Defi list and then it was quickly delisted following a wave of criticism. This was first noticed by podcaster and Twitter user Yannixk Eckl that BNB was ranked higher than other popular decentralized finance tokens such as Maker (MKR), Compound (COMP), and Aave (LEND).
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