The leading cryptocurrency data aggregator website CoinMarketCap has launched a new earning initiative for users. Dubbed CoinMarketCap Earn it will enable customers to watch educational videos and complete quizzes about certain digital assets and receive a pre-determined amount of coins as rewards.
The official announcement from the popular data aggregator asserted that the new program will be a “place for crypto enthusiasts to learn more about a crypto-asset while getting crypto rewards for doing so.”
The CMC Earn initiative will display a certain amount of campaigns that will run for eight days. One campaign will have educational videos and quizzes per a specific token.
Once the user selects his campaign of choice, he will have to watch several short videos about that particular project. The announcement suggested that the user should watch the videos “all the way through as they contain important information that will come up in the quiz.”
Before actually starting the quiz, the user will have to connect his CoinMarketCap account to the website and enter his corresponding token address.
The first project to be live on the program is the decentralized cross-chain data oracle – Band Protocol.
Although Band Protocol is the only campaign available now, the statement outlined that CMC will “be adding more crypto projects campaigns with even more videos and quizzes.”
While CMC hasn’t disclosed why they picked Band Protocol to be the first running campaign, the choice may be expected to some extent. After all, the two organizations share a common friend – Binance.
Band Protocol was one of the most popular projects to have its initial exchange offering (IEO) on the Binance Launchpad last year. Taking place in September 2019, Band Protocol raised funds rapidly and gave investors an ROI of nearly 400%.
In April this year came the confirmation of arguably the largest cryptocurrency acquisition when the leading exchange bought CoinMarketCap. Binance CEO Changpeng Zhao assured at the time that CMC will work independently. Nevertheless, adding a project that had its IEO on the Binance Launchpad as the first campaign seems somewhat logical.
As mentioned above, the native cryptocurrency of Band Protocol brought substantial ROI to investors following its IEO but quickly plummeted in price in the following months. In fact, it wasn’t until July this year until BAND broke out decisively above $1. Since then, however, the asset has been on a significant bull run.
BAND traded at $0.95 on July 4th, and it skyrocketed by 1,760% to mark an all-time high on August 10th of $17.70 (on Binance) before retracing slightly to its current price.