According to yesterday report, the San Francisco-based cryptocurrency exchange Coinbase has just added a smart-contract blockchain protocol EOS to its crypto education rewards program Coinbase Earn. This a breaking news for crypto enthusiasts, as it gives them an ability to earn EOS, which is currently the fifth largest cryptocurrency by market cap, for simply watching useful video content.
The addition of EOS to the Earn platform was officially announced by at a Block.One event on June 1, 2019, in Washington D.C., where Balaji Srinivasan, the founder of Earn.com and the recently departed chief technology officer of Coinbase, and Tim Wagner, Coinbase’s vice president of engineering, revealed the details. According to Srinivasan:
“We think a large number of people will obtain crypto not by buying it or mining, but by earning it…Unlike mining or buying, there isn’t a technical barrier of financial barrier that you should be able to earn if you’re a human.”
The Earn program, which has recently expanded to 103 countries, currently includes XLM, ZEC, BAT, ZRX and EOS – the latest major cryptocurrency to have entered the Coinbase ecosystem. The Coinbase exchange claims to have more than $100 million worth of crypto, which users can earn through the Earn site. While watching educational videos and improving crypto mining skills, a user can earn up to $10 in cryptocurrency.
Educational videos include an introduction into the EOSIO blockchain protocol, a tutorial on Delegated Proof of Stake (DPoS) and the advantages of developing on the EOSIO blockchain. According to Srinivasan, by doing this, the company aims to inform the “retail customers” about the various protocols and complexities within the blockchain technology ecosystem.
Coinbase Earn was initiated in April 2018 by Balaji Srinivasan, who spearheaded the project. The addition of the EOS token follows last September announcement about the Coinbase intention to add new cryptocurrencies more quickly, releasing at the time a new listing process for crypto assets. After the addition of EOS was firstly announced, public reaction was rather controversial, as it came along with the market crash.
EOS represents itself the fifth largest cryptocurrency by market cap and is currently traded at $7.81. With launching a new social media platform, to being ranked the number one digital currency in China, EOS looks primed to continue its rise in popularity.
The company backing the smart-contract platform, Block.One, has also recently launched the EOSIO explorer to help developers build on the platform and announced the upcoming launch of its social media platform dubbed Voice on the EOS blockchain network.