On August 12, 2020, crypto data platform, CoinMarketCap (CMC), partnered with the decentralized cross-chain oracle network Band Protocol to roll out the first-ever CMC earn program.
According to a tweet by Band Protocol, users can now learn about the BAND token and earn up to $160K in BAND tokens for simply watching engaging videos and completing educational tasks.
CMC explained that their Earn initiative would display several educational campaigns scheduled to run for eight days via a Medium post. Users can select their campaign of choice and watch informative content about that particular project.
Besides learning about crypto, users will also have a chance to win rewards of up to $10 for completing simple quizzes.
To participate in the Earn campaign, users need to connect their CoinMarketCap account to the website and enter a corresponding token address.
CMC to Host Live Stream AMA Session
Band is CoinMarketCap’s initial partner, which is why a heavy focus will initially be put on BAND, the protocol’s native token.
However, CMC plans to integrate more cryptocurrencies in the Earn program, which is expected to host two educational and reward projects each month.
To promote their first initiative, CMC revealed they would soon host a live stream AMA with Co-founder of Band Protocol, Soravis Srinawakoon.
The AMA session will allow users to learn more about decentralized oracles and how protocols like Band solve the issues that plague decentralized finance (DeFi).
Commenting on the upcoming AMA session, Srinawakoon said:
“Education is key to accelerating the use of crypto assets, and we are thrilled to be part of CoinMarketCap’s efforts to help users learn more about their underlying technology.”
This AMA session will be vital in giving crypto enthusiasts hands-on experience for utilizing the BAND token.
Ultimately, the empowerment of crypto users through such educational efforts could help put BAND token in the hands of well-equipped and knowledgeable users.
Educational Programs Could Accelerate Crypto Adoption
The CMC Earn program aims to spread knowledge about the emerging crypto sector, which the data platform sees as a vital part of accelerating the mass use of digital currencies.
CMC affirmed that their long term goal is to make crypto discoverable across the globe by empowering retail users with impartial and precise info on the crypto sector.
US-based exchange Coinbase runs a similar “Earn initiative,” allowing people to learn about six crypto assets via educational videos and blog posts.