Crypto enthusiasts around the world consider Coinbase as a platform that continually offers its users something innovative while providing them with added freedom as well as movement where the crypto industry is concerned. While majority of the recent announcements by the company were regarding latest listings of the 3rd party tokens, this one is with regards to Earn XLM, their product offering. It is offered by Coinbase Earn.
Balaji Srinivasan, CTO of Coinbase, has proudly declared this latest development through the micro-blogging site Twitter. He also stated that after acquiring Earn (which later went on to become Coinbase Earn), the company gained more than 170 million dollars in GMV which ultimately provided them with a chance to bring in more customers.
In the coming days, the customers of Coinbase falling under the correct set of qualifications will receive an e-invite which will allow them the chance to earn a maximum of 10 dollars in XLM. For that, users are required to watch a few Stellar tutorials and then answer the questions that appear in the quiz section. All of it will eventually encourage the users to learn more about this particular digital currency.
In order to earn more wealth and spread the word and wealth, users can utilize the referral links which are distinct to their accounts. The referrals will stand them a chance to earn an extra 40 dollars in XLM if up to 4 of their friends finish the lessons as well.
As the announced opportunity will be available only to select customers, the firm is currently allowing free views on the content minus any rewards. Meanwhile, the users can fill in their information in the waitlist put up by the company while the earning options are still being added.
As a whole, the event Earn XLM is slated to give away total rewards of one billion XLM to customers. The giveaway amount comes as a donation from Stellar Development Foundation, a not-for-profit concern. The Foundation is accountable for assisting in the protocol development of Stellar.
XLM is Stellar network’s native token and is frequently utilized across the world for sending currency. It is also used when it comes to connecting tokens inside the network. The entire network is blockchain-backed and doesn’t require the use of bank accounts for participation.
For more information about this opportunity, have a look at the video officially released by Coinbase Earn for easy understanding: