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Learn-To-Earn Explained

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Sep 23, 2022
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6 min read
learn-to-earn-explained

This blog post will cover:

  • What is Learn-to-Earn?
  • Learning platforms
  • Binance Academy
  • CoinMarketCap
  • KuCoin
  • SimpleLearn
  • Coinbase
  • Cake DeFi
  • Earnathon
  • Conclusion

What is Learn-to-Earn?

We’ve already covered the topic of Play-to-Earn (P2P), and now it’s time to dive into another interesting concept of Learn-to-Earn (L2E).

Essentially, Learn-to-Earn projects allow people to earn rewards for learning about crypto, often paid in the tokens they just studied. Looks like a very promising model for the users (especially for beginners). They kill two birds with one stone by getting to know more about how different crypto projects are and by acquiring some coins.

And what do L2E platforms get in return? Seems like the most important incentive for them is the users’ time and attention. They might be associated with exchanges, with particular crypto projects, or be solely dedicated to learning (in this case, they collaborate with several companies that are looking for exposure).

Learning platforms

There are different types of L2E projects in terms of their approach to studying, requirements for participants, as well as rewards. Let’s have a look at some examples of such learning platforms.

Binance Academy

This cryptocurrency exchange has an open-access learning hub called Binance Academy within its ecosystem. They offer free education in over 20 languages and have a Learn and Earn section, which offers crypto for completing their courses. Those consist of videos, articles, and quizzes and often are dedicated to a particular token, a small amount of which the user receives after they finish the course. An important detail is that all users need to have a Binance account to earn rewards.

CoinMarketCap

This website’s main function is to allow users to track prices on crypto. However, in the Earn sub-section, people can watch educational videos, take tests and earn rewards. The team behind CoinMarketCap pays special attention to new emerging projects that could potentially turn a user into an early adopter and helps those new products reach a wide audience. Users have to create an account on the site to participate.

KuCoin

The crypto exchange called KuCoin has chosen a slightly different approach. The customers might get various bonuses for trading on the platform, such as getting Bitcoin for creating and sharing content, prizes for winning in trading challenges, etc. Their L2E opportunity is held in the form of an event. Those users who’ve met a stated goal in trading volume unlock a quiz. Then the people who got 80% of the answers right share the pool prize. What’s more, the participants can watch a project video for a chance to get random tokens as a reward.

SimpleLearn

SimpleLearn is a free app that will allow its users to learn all things crypto in one place. The team has created over a hundred bite-sized lessons, and they even have practical tasks. If that sounded a bit intimidating, know that there’s a team of experts who can answer any question. Right now, a beta version is available for those who want to try themselves as a tester, or you can follow SimpleLearn on Twitter for updates.

Coinbase

Coinbase platform also decided to allow its customers to learn and earn. The team prepared video tutorials on different projects, and after completing a quiz, the user can get a reward in the cryptocurrency they’ve just learned about. All participants must have a verified Coinbase account.

Cake DeFi

Cake DeFi is an online platform that offers decentralized financial services, for example, it allows users to get passive income from their digital assets and cryptocurrencies through staking. The company has a native token DFI. In addition, Cake DeFi offers lessons on DFI and Bitcoin; another course dedicate to Ethereum is in the works, according to the website. Non-customers can participate, the users get $0.20 for each completed lesson, but the amount first is sent to the so-called “Freezer” for at least a month and can be used only after this period.

Earnathon

This platform was created specifically to teach people about blockchain and crypto. The project aims to bring knowledge to people across the world. Currently, not all of the courses on Earnathon offer crypto rewards, but those that do, are paid in ENA, which is the native token for the platform. Users can’t withdraw the tokens yet, because they are not listed on exchanges, but the project promises to fix this soon.

Conclusion

All in all, Learn-to-Earn opportunities might be considered a good way for beginners to not only learn about crypto in theory but also get the tokens and use the new knowledge in practice. What’s more, by getting rewards, those educational platforms make it easier for users to stay motivated and fight the feeling of being overwhelmed in the face of the sheer amount of information.

When it comes to crypto exchanges and other platforms for such content, they get the opportunity to attract new customers and share information about new crypto projects, which makes L2E initiatives a win-win for both sides.

And for those with experience, even though the promised rewards aren’t substantial enough to be considered an income source, L2E projects can be a great way to refresh their knowledge or learn something new in a fun and usually playful way.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.


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