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Coinbase, Cryptocurrency, 0x (ZRX) –Yesterday, EWN reported on the development of Coinbase, a US-based popular exchange that offers users a reward program to learn about cryptocurrency. In return for viewing a series of instructional videos or completing various tasks, which the company has marketed as an attempt to provide understanding and exposure to alternative programs in addition to the more well-known Bitcoin, users can receive small quantities in return. encryption.
As opposed to giving away Bitcoin, to which many non-encrypted investors and participants are familiar, the initial series of prizes is based on the currency 0x, with users paid in ZRX for their efforts,
"We give users verified and invited a range of useful activities to be completed from anywhere to earn digital currency.For this first series of activities, the funding comes from the external development pool 0x, with 100% of funds directed directly to users. "
The Coinbase prize update also includes a willingness to expand the service beyond 0x, with an allusion to the service that the funding comes from external sources. With this development, Coinbase could use new currencies added to the exchange as a way to update users on cryptocurrency and the various uses of coins, instead of providing only a platform for price speculation and buy / sell,
"In the future, we could experiment with other types of activities from different types of senders, not necessarily always created by the same resource developers, for example, there may be tasks paid in Bitcoins that are not sent by Satoshi Nakamoto!"
In July, Ethereum's Vitalik Buterin set fire to the crypto-space when he publicly condemned most of the exchanges focus on profit rather than on the contribution to industry and the development of cryptocurrency,
"I certainly hope that centralized exchanges will burn to the bottom as much as possible,"
While Buterin's comments were related to centralized exchanges, contrary to the decentralized variety that best suited the underlying ethics of cryptocurrency, his frustration undoubtedly extended from the billions of revenue carried by trades even if the industry of the crypt continues to suffer throughout 2018.
Coinbase has had a raw history of contributing to the cryptocurrency conflict fires, including the Bitcoin Cash fiasco of 2017, which led to months of lawsuits against class actions and insider trading allegations. However, the exchange has also made a rare effort to advance not only the evaluation of cryptocurrency, but the adoption and development of the sector, a company policy that has been regularly indicated during coin upgrades.
With their new reward program and the emphasis on user training, Coinbase provides a model for the rest of the industry to work on as a method to promote and benefit from the mutual growth of cryptography. Exchanges could benefit in the short term from the high volatility of cryptocurrency prices that maintain artificially high transactions, but will inevitably suffer alongside investors if the market continues to collapse.
Coinbase's method of rewarding customers for cryptocurrency offers a double advantage: space education increases, while coins are distributed more widely to encourage their final use of exchange in transactions rather than speculation prices alone.
