Coinbase Earn, a platform that rewards users with cryptocurrency for learning about blockchain protocols, has added EOS to its roster. The initial offering allows users to earn up to $10 in EOS tokens by watching educational videos about the platform. Coinbase's recent expansion of Earn to 103 countries and its allotment of over $100 million worth of crypto for rewards highlight the company's commitment to making cryptocurrency accessible through education and earning opportunities.
Coinbase Unveils Revolutionary Earning Opportunity: Acquire EOS Tokens by Simply Watching Videos
In a groundbreaking move, Coinbase, the esteemed cryptocurrency exchange, has launched a novel initiative dubbed "Coinbase Earn," enabling users to acquire up to $10 worth of EOS tokens through the captivating experience of watching educational videos. This pioneering program empowers individuals to delve into the world of digital assets without the need for direct purchases or the complexities of mining.
Balaji S. Srinivasan, the recently departed Chief Technology Officer of Coinbase, heralded this transformative initiative at a Block.one event in Washington, D.C., on Saturday night. "We envision a vast population obtaining cryptocurrency not through conventional means of purchase or mining, but through the accessible avenue of earning it," Srinivasan proclaimed on behalf of his former employer.
Gracing the stage alongside Srinivasan was Tim Wagner, Coinbase's Vice President of Engineering, who officially unveiled the addition of EOS to the Earn roster. As an extension of Coinbase's acquisition of Earn.com, founded by Srinivasan, the Earn program incentivizes users to engage with educational content on various protocols, bestowing cryptocurrency rewards upon their completion.
EOS joins an esteemed group of digital assets, namely XLM, ZEC, BAT, and ZRX, within the Earn program, which has recently expanded its reach to encompass 103 countries. Coinbase boasts an impressive crypto reserve exceeding $100 million, readily available for its customers to earn through the Earn platform.
Confirming the immediate availability of the new EOS feature, a Coinbase spokesperson provided official verification to CoinDesk. "Prior to EOS's debut on our platform, Coinbase meticulously conducted extensive analysis," Wagner informed an enthusiastic crowd of EOS enthusiasts at the Block.one event in D.C. Notably, the Earn announcement served as a prelude to the night's primary event: Block.one's unveiling of its groundbreaking social media platform, Voice.
EOS first graced Coinbase Pro in April and subsequently made its presence known on Coinbase's consumer product yesterday. This strategic move aligns with Coinbase's announcement last September, pledging to expedite the addition of new cryptocurrencies and introducing a streamlined listing process for digital assets.
Wagner further revealed that EOS would soon join Coinbase Custody, expanding its availability to a wider audience. "For the collective success of all participants, the triumph of cryptocurrency is imperative," Wagner emphasized.
At the time of press, EOS traded at $7.81 according to CoinMarketCap, experiencing a slight dip from an intraday high of $8.29 on Saturday.