Coinbase’s mission is to create an open monetary system, the place anybody on the earth can take part on equal phrases from their laptop or smartphone. To convey this imaginative and prescient about, we’ll have to make blockchain know-how extra accessible, each within the sense of constructing cryptocurrencies simpler to acquire and simpler to know.
That’s the place Coinbase Earn is available in.
Coinbase Earn permits customers to earn cryptocurrencies, whereas studying about them in a easy and interesting means. The thought is for customers to know extra about an asset’s utility and its underlying know-how, whereas getting a little bit of the asset to check out. To handle demand, we’re launching Coinbase Earn right now in invite-only mode with a single asset: ZRX. Over time, we plan so as to add extra instructional content material in addition to the power to earn different cryptocurrencies.
When you’ve obtained an invitation to Coinbase Earn by e-mail, you may go to the Coinbase Earn ZRX page to earn small quantities of cryptocurrency by finishing instructional duties like quick video classes and quizzes. However for those who haven’t obtained an invitation but, don’t fear — you may nonetheless view all instructional content material on the Coinbase Earn web page without spending a dime, and may join on the waitlist to be notified as extra instructional duties can be found.
Be taught: easy and interesting cryptocurrency schooling
In a survey of Coinbase prospects and non-customers alike, we discovered that one of many largest limitations stopping individuals from exploring a brand new digital asset was a lack of know-how about that asset. Lots of the individuals we surveyed expressed a robust need to start studying about new and completely different crypto belongings past Bitcoin, however didn’t know the place to start.
That’s why we’re launching Coinbase Earn with duties associated to asset schooling. The academic content material might be publicly accessible for any curious social gathering to be taught extra about an asset, even when they haven’t but obtained an invitation to start incomes.
Earn: a brand new solution to entry cryptocurrency
Historically, the 2 methods individuals have obtained cryptocurrency are by means of mining or shopping for. Mining cryptocurrency usually requires technical information and excessive upfront prices, whereas shopping for cryptocurrency can require disposable revenue to trade for cryptocurrencies.
Incomes cryptocurrency is a 3rd choice. It has the potential to broaden the blockchain person base from the tens of tens of millions of individuals with the assets to mine or purchase crypto to the billions of people that now have smartphones. It's because one can — in concept — earn crypto just by clicking buttons on a telephone or laptop computer.
Coinbase Earn solves most of the sensible points required to show this concept into apply. We give verified, invited customers a collection of helpful duties to finish from anyplace to earn digital forex. For this primary set of duties, funding is coming from the 0x exterior growth pool, with 100% of the funds going on to customers. Sooner or later, we might experiment with different kinds of duties from various kinds of senders, not essentially at all times created by asset builders themselves. For instance, there could also be duties paid in Bitcoin that aren’t despatched by Satoshi Nakamoto!