news Binance Launches Binance Learn and Earn Education Program

[MrD]

Binance, the well known chinese cryptocurrency exchange has launched the Binance Learn and Earn educational initiative, through which users will be able to earn cryptocurrencies by completing tasks on the topic of blockchain and cryptocurrencies.

The Binance website states that starting March 25, this feature will be available to exchange customers who have completed the KYC (“Know Your Customer”) procedure. They will be able to read articles about cryptocurrencies, watch educational videos and take quizzes. 

Depending on the successful completion of the course or completion of the test, they can receive a certain amount of crypto assets as a reward. Rewards will be given out to "students" who pass the quiz within two hours. The platform’s statement states that the number of crypto assets is limited, and they will be distributed on a first-come, first-served basis.

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"Cryptocurrencies are changing the world. You already know about GameFi, where people make money by playing games. Now we have introduced the EduFi program where people can earn money by learning. We intend to provide our users with effective tools with which they can better understand the principles of blockchain and cryptocurrencies. As a result, people will be able to make more informed investment decisions,” - Binance CEO Changpeng Zhao.

Zhao previously stated that even billionaire Warren Buffett lacks the knowledge and skills to safely invest in crypto assets. Binance Smart Chain (BSC) Ecosystem Coordinator Samy Karim also believes that increasing the literacy of users in the field of cryptocurrencies will protect them from making erroneous transactions and hacks, as people will pay more attention to the security of their funds.

Other organizations are also talking about the need to study the digital asset industry. For example, last year the Ethereum Foundation announced the creation of a $1 million fund to support educational programs and developers.