CoinMarketCap's latest earn campaign is with DEX aggregator 1inch — get learning!
CoinMarketCap Earn, a program created to teach users about cryptocurrencies in exchange for crypto rewards, is launching their next Earn campaign with 1inch.
Users of CoinMarkeCap can watch educational videos about 1inch, and then test their knowledge with a small short. If a user successfully completes the quiz, they will be rewarded for their newfound knowledge with 1inch.
This CoinMarketCap Earn campaign has a reward pool of 50,000 1INCH tokens. Successful users will receive 3 1INCH (about $5) per user until the rewards pool runs out.
What’s New With CoinMarketCap Earn?
In order to facilitate a smooth distribution process, CoinMarketCap users must also have Binance Know-Your-Customer verified accounts to participate in the CoinMarketCap Earn campaign. This may be revisited for future campaigns, but for the 1inch campaign, you must have a Binance KYC account to receive 1inch rewards.
MAKE SURE THAT YOUR ACCOUNT IS ALREADY BINANCE KYC-VERIFIED BEFORE YOU COMPLETE THE QUIZ!
This decision to only offer the Earn campaign to Binance KYC accounts is due to the inherent blockchain security risks as well as the large transaction fees for large reward pools with on-chain settlement. The distribution of rewards internally by Binance to only KYC-verified users means that the rewards can be delivered quickly, safely and cheaply, and prevent fake accounts from taking rewards.
Let’s Earn 1inch!
Before you can start your knowledge journey to earn 1inch, you need to create an account on CoinMarketCap here.
When you’ve created your account, you can hop on over to the CoinMarketCap Earn 1inch page and start watching a series of educational videos about 1inch. Don’t forget to take notes — you need to successfully complete the quiz to receive your reward!
When you have finished watching the videos, it’s time for the short quiz — and you can only take it once, so double-check your answers!
If you successfully complete the quiz, you will receive 3 1INCH tokens (~$5) as a reward!
What Is 1inch?
1inch is a decentralized exchange (DEX) aggregator, which means that it connects multiple DEXs into one platform to allow users to discover the most efficient swapping routes. DEX aggregators eliminate the need for manually checking the best price for a swap across every exchange, by gathering all the data needed in one place. 1inch also protects its users from price impact and the probability of failed transactions.
Read more about the use of DEX aggregators in the crypto space (as described by 1inch themselves!) on CMC Academy here.
What Is Earn?
CoinMarketCap Earn enables crypto enthusiasts to learn more about a particular cryptocurrency. Each user watches a series of educational videos about an asset, completes a quiz and is rewarded for their correct answers with crypto. With CoinMarketCap Earn, CMC can increase the breadth of knowledge about the crypto industry as part of its goal of showcasing the cryptocurrency revolution each step of the way.
A CoinMarketCap account is required for users to participate in the educational CoinMarketCap Earn campaigns. Please remember that not all jurisdictions are supported at this time, so confirm that your jurisdiction is supported by checking out our FAQ section.
To check out “CoinMarketCap Earn” please visit: https://coinmarketcap.com/earn/
