In October of last year, I introduced you to Earn, a unique place where you can earn bitcoin for completing various tasks online.
Earn and its parent company (Coinbase) are now collaborating on a major project to pay users to learn about cryptocurrency projects. Current offers include the chance to earn up to $50 in stellar (XLM), $10 in basic attention token (BAT), $3 in 0x (ZRX) and $3 in zcash (ZEC).
You can see all the current opportunities to earn free tokens through Coinbase’s new program here.
The Stellar opportunity is particularly interesting. Stellar is giving away around $100 million worth of tokens. Stellar is a leading crypto project and boasts a $2.1 billion market cap, along with a high-profile partnership with IBM. This will be among the largest airdrops of all time, and it’s backed by one of the biggest names in crypto (Coinbase).
How It Works
You watch a series of videos about crypto assets and take quizzes. If you pass the quizzes, you earn free coins. With the stellar giveaway, you can also earn up to $40 for referring friends who also complete the quizzes. Each friend you successfully refer will earn you $10 more in XLM, up to a maximum of $40. Its goal is to spread adoption of its coin.
You’ll need a Coinbase account to participate in these opportunities. You can sign up for a new account here if you don’t have one yet. Once you’ve completed the quizzes, your coins will be deposited into your Coinbase account.
Why is Coinbase doing this? The goal is to get consumers educated and excited about new cryptocurrency projects. This should help drive demand for Coinbase’s business as it adds more alternative assets to its platform. By giving millions of users “skin in the game” in many of these up-and-coming projects, Coinbase hopes to broaden its user base and help grow adoption in promising cryptos.
To learn more about this opportunity, read the official Coinbase blog post on it.
How to Claim the Airdrop
First, make sure you’re logged in to your Coinbase account. Then click here to see all the opportunities.
As I mentioned, I particularly like the Stellar airdrop. You can easily earn $10 worth of XLM by watching the video and taking the quiz, and $40 more if you invite four friends who do the same.
The Basic Attention Token (BAT) opportunity is also worthwhile. You can get up to $10 worth of BAT, the native token of the Brave web browser. Brave is used by millions of people and is growing quickly. It’s based on Google’s Chrome browser but is more focused on privacy. Brave’s goal is to eventually build an advertising network powered by BAT tokens.
The 0x course is also worth completing. You can get up to $3 of 0x, but this coin is smaller than XLM and BAT with a market cap of $208 million.
I’m not a huge fan of Zcash, but there’s an opportunity to pick up $3 worth of ZEC. Might as well stash it away.
Important Notes
Never give anyone your password or private keys. No legitimate airdrop will ask for that stuff.
Never reuse your email or exchange passwords. Always use unique, random passwords. Write them down and store them somewhere safe. We also recommend setting up a separate email account for airdrops.
Good investing,
Adam Sharp
Co-Founder, First Stage Investor