Binance unveils Learn and Earn programme

$600,000 worth of crypto rewards are up for grabs from using the new Binance Academy programme

Binance logo with a world map background                                 
The latest Binance initiative is EduFi, where people are set to ‘earn and learn’ – Photo: Alamy
                                

Binance, the world’s largest cryptocurrency exchange by trading volume, has launched its Learn and Earn programme on Binance Academy.

Binance Academy is a portal for crypto and blockchain education. The programme “will allow users to earn crypto while learning about important topics across the blockchain industry”.

Users must complete an identity verification process and comply with Binance’s terms of use to be eligible to participate.

Crypto rewards are given out to users who complete numerous educational tasks, including reading articles, watching video clips and passing quizzes.

EduFi

Changpeng Zhao, CEO of Binance, said: “Crypto is changing the world. We’ve already seen GameFi, where people earn from playing games, and now we have created Binance EduFi, where people can earn while they learn. We want to give our users the best tools to improve their understanding of blockchain technology and cryptocurrency projects so they can make more informed investment decisions.”

The Learn and Earn programme will be hosted on a regular basis. It started on 25 March.  

The first group of cryptos to be covered by the Learn and Earn programme are Terra (LUNA), Anchor Protocol (ANC), TerraUSD (UST), WOO Network (WOO), Polkastarter (POLS) and Ankr (ANKR).   

The crypto exchange states there is a predetermined amount of $600,000 (£454,391) in crypto rewards that users can earn from the Learn and Earn programme.

Jack Tan, CEO of WOO Network, said: “Education is at the top of every product’s user funnel, bringing awareness and traffic to an application. On the user side, Binance Learn and Earn will help users get more value from products and investments, making this an important two-way relationship that can drive growth for the industry.”

Binance receives crypto licence in Bahrain and Dubai

Earlier in March, Binance received a virtual asset licence from Dubai’s financial authorities.

This licence means Binance will be able to operate within Dubai’s virtual asset market model. The crypto exchange also plans to use this approval to form a base for expansion into the region.

The crypto exchange has also been granted a crypto asset service provider licence from the Central Bank of Bahrain (CBB).

Further reading

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