CoinMarketCap, one of the most popular websites for monitoring cryptocurrency prices and more, has announced that now it will also be possible earn cryptocurrencies 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. 💡
How do you begin earning on CMC? Start here! 👉 https://t.co/oX0Llita7x pic.twitter.com/tsWSsaj2rI
– CoinMarketCap (@CoinMarketCap) August 12, 2020
As you can read in the press release, the program aims to educate users that, by watching videos about different blockchains and completing questionnaires, they will be able to earn the cryptocurrency that is being explored.
It is no coincidence that the motto is "Learn crypto, earn coins."
Just subscribe to the platform or have an account at CoinMarketCap and choose the available token campaign.
The first asset that has been chosen is the token Band Protocol (BAND), which is quite an odd choice since Bitcoin (BTC) would be expected to be first, followed by the other cryptocurrencies.
How does CoinMarketCap Earn work?
CoinMarketCap Earn campaigns are programmed in one week cycles and therefore they are available by time. Once finalized, you 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 the Band Protocol:
- What is the Band protocol?
- How do the Band Protocol oracles work?
- What is the BAND token?
After watching the videos, users will need to take the test in which they must first enter their Band wallet and a note. The procedure is done in such a way that Binance is prioritized as it provides everything that is required. Then the questions begin, about ten multiple choice questions with 4 options to choose from.
After finishing the questionnaire, users will have to wait for the result and the arrival of the cryptocurrency, which is not instantaneous like the one found in Coinbase where the reward is immediately credited.
At the moment, it is not possible to quantify how much the reward is. The truth is that for videos and questionnaires about Band, it offers a common fund of $ 160,000.