Although Coinbase Introduced The Idea Of ”Earning Dai While They Learn” On June 10, At That Time, Coinbase Earn Only Offered Three Basic Lessons ($ 2 Reward For Each). Now, However, There Is An Advanced Lesson Available That Allows Coinbase Users To Earn $ 14 In Dai (Dai).
What Coinbase Said At The Time Was That “Coinbase Earn,” It’s Educational Service That Rewards Users For Learning About Different Cryptocurrencies, Had Added Support For Dai (Dai), The “First Decentralized Block In The Ethereum Blockchain.”
As Crypto Report reported, Coinbase Earn was originally launched in “invitation-only mode” on December 19, 2018, which gave some lucky users the opportunity to learn 0x (ZRX) as they learn about it. Here is however Coinbase explained the motivation behind Coinbase Earn:
Coinbase Earn Permits Users To Earn Cryptocurrencies, Whereas Learning Regarding Them In An Exceedingly Straightforward And Engaging Method. The Concept Is That Users Perceive Additional Regarding The Utility Of Associate Degree Plus And Its Underlying Technology, Whereas Obtaining A Small Amount Of The Plus To Check.
The basic idea is that in each lesson, watch a short video (usually a couple of minutes) after which you can take educational shots (such as taking a multiple-choice questionnaire) for which you are rewarded with a certain amount of cryptocurrency (Usually, about $ 2 in a particular cryptocurrency for each lesson that shows you have learned to bypass your associated test).
Although Coinbase Earn Is Now Available In The More Than 100 Jurisdictions In Which Coinbase Operates, Only Eligible Users (Those Who Have Passed Kyc Levels 1 And 2) In The Following 19 Jurisdictions Can Join Coinbase Earn And Start Winning Crypto :
United States (Excluding Residents Of The State Of New York Or Hawaii), United Kingdom, Many Countries Of The European Union (Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden), Canada, Singapore , Australia, Hong Kong, New Zealand, South Korea And Taiwan.
Users From Other Jurisdictions In Which Coinbase Operates Can Join A Waiting List And Will Be Notified When Coinbase Is Available There.
At The Moment, Coinbase Earn Offers The Opportunity To Win Dai (Dai), Eos, Stellar Lumens (Xlm), Zcash (Zec), Basic Attention Token (Bat) And 0x (Zrx), But Coinbase Says It Plans To Extend The Set Of Cryptoassets On Offer In The Future.
Learn About Dai, Win Dai
The June 10 Coinbase Blog Post Said Coinbase Customers Could “Start Earning Dai By Observing Lessons And Completing Questionnaires About Dai And Its Characteristics.” The Interesting Thing About This Offer Was That This Was The First Time That A Sablecoin Was “Made Available Through Coinbase Earn.”
Here Is How Coinbase Described Dai:
According To The Dai Technical Document, Dai Is A Decentralized Stablecoin That Runs On Ethereum And Is Designed With The Objective Of Maintaining An Objective Value Of Approximately $ 1 Usd. Dai Is Backed By Guarantees On The Maker (Mkr) Platform. The Relevant Information Documents Explain That The Mkr And Dai Tokens Form A Paired Set Of Assets In Which Mkr Provides Governance, And Dai Is A Decentralized Stablecoin Backed By Guarantees.
Until July 26, Coinbase Earn’s “Dai Course” Only Offered Three Basic Lessons:
- What Is Dai? ($ 2)
- What Is Dai Used For? ($ 2)
- How Does Dai Remain Stable? ($ 2)
- However, On July 26, Coinbase Earn Added An Advanced Lesson (“generate Dai With
- Maker”) That Allows You To Earn An Additional $ 14 In Dai (Dai).
Here Is How Coinbase Announced This News:
Ready to take your crypto knowledge to the next level? Earn $14 in Dai when you learn how to generate Dai with a Collateralized Debt Position (CDP) from Maker. Start earning now with our advanced lesson: https://t.co/XA4AuwFhsu pic.twitter.com/jFhWNS2cjt
— Coinbase (@coinbase) July 26, 2019
Lesson 4 Teaches You How To Generate Dai Using The “coinbase Wallet” Non-custodial Wallet To Open A Secured Debt Position (CDP) With Maker. Once You Complete This Tutorial, You Will Receive $ 14 In Coinbase Dai. The Reason To Use Coinbase Wallet Is So You Can Use Your Built-in Decentralized Application Browser (Dapp) To Connect To The Maker Cdp Portal.
Completing The Tutorial Will Take Only A Few Minutes. Here Are The Main Steps:
- Open Coinbase Wallet (Mobile Application);
- Connect It To Your Coinbase.com Account;
- Ask Coinbase To Send You Some Eth, Which You Can Then Use As Collateral To Open A CDP;
- Once This Eth Arrives, Open The Dapp Browser In Coinbase Wallet, Then Touch The
- Maker Promotion Or Type “Cdp.makerdao.com” In The Address Bar At The Top Of The Screen.
- Touch “Connect” To Connect To Maker, Then Touch The “Open Cdp” Button To Create A CDP;
- Collateralize Eth (For Example, 0.005) To Generate Some Dai;
- Accept The Manufacturer’s Terms Of Service And Then Press The “Create Cdp” Button.
- Once You Have Confirmed The Payment, It Will Is Over.