One of the many questions in the mind of a newbie is what learn-to-earn in the world of crypto is. The program called Learn to Earn is originally built to trigger newbies’ desire to engage in crypto activities and to get familiar with the industry.
It is a program that educates newbies and dedicates their time and attention in order to get the crypto reward.
This article will give you extensive information on the pros and cons of the crypto learn-to-earn program.
Below are the areas that this article will address
- Learn And Earn: What Does It Mean?
- Which Place Can I Join Learn To Earn Program?
- Learn To Earn In Crypto How Does It Work?
- Crypto Apps That Operate Learn To Earn
- The Danger of Learning To Earn In Crypto
Learn And Earn: What Does It Mean?
These are small programs or small courses which are designed to be of help new users easily learn about cryptocurrencies and how it works.
Newbies or those that are to partake will be given cryptocurrencies as a reward for participating in these courses.
Payment is made in the token of the particular cryptocurrencies that you learn about.
The payment that is given as a reward is not enough to make you rich, but it is a very great step for any cryptocurrency newbies because learning gets to learn new things and also get used to some terminologies used in the crypto space, they can sometimes use cryptocurrencies for the first time with the knowledge they acquire in the program.
It is not necessary for you to have a special skill or experience. Also, most of the learn-to-earn programs do not require you to have a crypto wallet or to deposit money before you start. The most important thing that is needed for the success of this program is your dedication, access to the internet, and time.
Which Place Can I Join Learn To Earn Program?
This is a course that you can apply to any of the platforms that host it. Such platforms can be categorized as Binance, KuCoin, Phemex, and also Coin base.
Learn to Earn program is done over a period of time maybe one year or even more than that.
Be observant to know whether the features to earn cryptocurrencies are active if you apply for any of these programs.
Learn And Earn In Crypto How Does It Work?
The parties involved in the Crypto Learn to Earn program are two or three: the exchange that is responsible for hosting the program, the users, and the crypto project whose token will be used as a reward.
Learn to Earn program is designed to work as follows: the crypto exchange will release videos or articles with the explanation of certain terms in cryptocurrencies, these materials are made available to users, and if the user consumes it materials, they will be expected to answer a quiz correctly base on the knowledge they get from the materials they consume.
The correct answer will qualify them for the reward.
One of the things that qualify a user for the learn-to-end program is to have an account with the platform that hosts it. Some of the platforms make their user complete their know-your-customer (KYC) process before they can be eligible.
All three or two parties that are involved in the program tend to benefit from it.
For Example, the crypto exchange that hosts the program makes so much revenue depending on how much travel traffic they generate to their platform.
Also, crypto projects that offer their token to be used the opportunity to add the number of investors that are holding their tokens.
Meanwhile, the user gets rewarded with a token at the end. It makes Learn to Earn program a win-win.
Read also: 10 Magic Ways To Evaluate Crypto Projects
Crypto Apps That Operate Learn To Earn
These Apps are:
Coinbase is an American-based cryptocurrency. In the process of learning to earn program, coin-base features different topics that are crypto-related, some in videos.
When a user learns about a cryptocurrency, the user gets rewarded a portion of that cryptocurrency, depending on his performance during a quiz that will be provided. Each lesson has a reward attached to it.
This is a website that tracks crypto data for crypto assets. They also run a learn-to-earn program which is called CoinMarketCap Earn.
Before a user is eligible to participate, he must have an account with CoinMarketCap. The user must also have an account in Binance if the reward is stored there.
Videos are available as materials, where users will absorb and obtain rewards at the end of a quiz session.
In CoinMarketCap the program is seasonal, you should check first to see if the campaign is active, at the end of the campaign the token will get distributed to those that are qualified.
This is the leading cryptocurrency with a large trading volume.
Binance offers an educative program in Binance Academy, this is a place where anyone can apply, take a quiz and earn rewards.
There is a list of courses that are offered on their page, a user is expected to select a course and commence learning to earn.
The Danger of Learning To Earn In Crypto
One of the features that make the crypto investment to be uncertain is the volatile factor, the price of a cryptocurrency can be high or low at any time.
This will affect the value of the user reward, user can also lose their reward if they are unable to pass the KYC test given by some exchange, it will make them lose the reward that they earn.
As benefitting as the program is, new users can be frustrated If the value of their earned reward drops, the joy of gaining at first entry into the world of blockchain will die down.
Therefore, you are expected to approach any program in the Crypto world with a flexible mindset as a newbie, this will help to tame the frustration that comes with losing an asset.