Coinbase Lists EOS In Its Education Program, But Traders Are Ignoring It
Coinbase, which is the largest U.S-based crypto exchange platform, has recently launched its educational program, which rewards users with coins and tokens for watching crypto explaining videos — Coinbase Earn.
The idea behind Coinbase Earn, formerly Earn.com, is to popularize the use of crypto and to enable platform users to learn through rewards under the form of tokens/coins. EOS is now an official part of the Coinbase Earn program, joining Stellar (XLM), ZCash (ZEC), Basic Attention Token (BAT) and 0x (ZRX).
Coinbase launched the EOS program on June 2nd. Every Coinbase user can add up to $10 in their wallet for watching instructional videos.
According to a blog post by Coinbase, the company expects earning cryptocurrencies to play an essential role in the entire crypto-related ecosystem:
“We are striving to make earning equal to buying, voting, mining, and staking — especially when you put education in the equation,” Coinbase’s blog post states.
Coinbase’s vice-president of Engineering Tim Wagner spoke about the EOS integration at the Block.One conference in Washington D.C. In his keynote, Wagner highlighted that EOS was the first to become part of the Coinbase Pro platform, although consumer integration took place at a later stage.
“We do an in-depth analysis on all potential tokens that can be listed, prior listing them on the Coinbase platform. We undertook multiple tests, simulations, and real user case studies to supplement the EOS listing on Coinbase. Education on the crypto topic is crucial for the success of the entire crypto ecosystem, which is why we started this educational initiative.
Despite the good news, traders didn’t show signs of support as EOS price fell to $7,39 at the time of writing. The token value is continuing to diminish as has been going down since May 31st, when EOS reached a high of $8,51.