CoinMarketCap, one of the most popular websites for monitoring crypto prices and more, has announced that it will now also be possible to earn crypto through the CoinMarketCap Earn program:
Presenting CoinMarketCap Earn! 🎉
We're all about putting crypto in the hands of more people. 🤩 Now, receive crypto as you learn about established and emerging projects, without risk or cost. 💡
— CoinMarketCap (@CoinMarketCap) August 12, 2020
As can be read from the press release, the program is aimed at educating users who, by watching videos about different blockchains and completing quizzes, will be able to earn the cryptocurrency being explored.
Not by chance the slogan is “Learn crypto, earn coins”.
Simply subscribe to the platform or have an account on CoinMarketCap, and choose the campaign of the available token.
The first asset that has been chosen is the Band Protocol (BAND) token, which is a rather strange choice since it would be expected that Bitcoin (BTC) would be the first one, followed by the other cryptocurrencies.
How does CoinMarketCap Earn work
CoinMarketCap Earn campaigns are scheduled in one-week cycles and therefore available on a timed basis. After it ends it will most likely proceed with another asset that is still unknown.
In the first campaign there are 3 video lessons that explain the structure of Band Protocol:
- What is Band Protocol?
- How do Band Protocol oracles work?
- What is the BAND token?
After watching the videos, users will have to take the quiz where they must first enter their Band wallet and a memo. The procedure is done in such a way as to prioritize Binance since it provides everything that is required. Then the questions start, about ten multiple-choice with 4 options to choose from.
After finishing the quiz, users will have to wait for the result and the arrival of the crypto, which is not instantaneous like the one found on Coinbase where the reward is immediately credited.
At the moment it is not possible to quantify how much the reward amounts to. What is certain is that for videos and quizzes about Band, it offers a pool of $160,000.