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Author Topic: Coinmarketcap's New Feature "Earn"  (Read 1165 times)
blockman
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August 14, 2020, 11:04:56 AM
 #1

Hi guys, as someone who usual surf on price trackers like coinmarketcap.com. I've noticed their new feature that popped, the coinmarketcap earn.(https://www.coinmarketcap.com/earn/)
Despite being new, they already have their first earn crypto which is band. The feature is the same as the coinbase earn. In the near future, I think they'll add more on it.



PS: I'm not from Band or CMC, I just shared it as soon as I've seen it.

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August 14, 2020, 11:38:25 AM
 #2

I imagined that as soon as coinmarket was bought by binance they would implement many changes, but I did not imagine that in such a short time they would change many things which really shows that they have a lot of long-term vision and I think it is a good thing that they are doing because it will allow people to start trying to find out more about the projects they want to invest in

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August 14, 2020, 01:09:07 PM
 #3

binance is very innovative and if you look at their own coin development you can see many improvements on their website. They have grown large in little amount of time. When they bought cmc I knew we would start seeing improvements and I think this will be great for the whole website and how people get attracted to it. This will increase the amount of time people spend on the website.

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August 14, 2020, 01:22:05 PM
 #4

In my opinion, it would be great if Coinmarketcap added the latest features. This signifies the level of progress Coinmarketcap has made in making it easy for users, hopefully they can add more features too.
Actually this is good move by Binance. Having something to earn from it is one way to create awareness more and traffic to coinmarketcap. Binance CEO really knows how to make up to the community. Probably many here will say its just a marketinf strategy but even though I think its working and some airdropper and bounty hunter will likely grab up some.

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August 14, 2020, 01:24:32 PM
 #5

Do they require KYC? If so, I guess they won't get anyone to participate in their learn and earn program or will get very low amount of submission. I have checked the coinbase program long ago but since they require KYC, I gave up. Anyway, good to see the changes there.

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August 14, 2020, 01:29:55 PM
 #6

It's a good feature despite its similarity to coinbase feature (and blockchain.com one too), but the disadvantage with such options is that they require KYC information which is inappropriate for many crypto lovers
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August 14, 2020, 01:33:57 PM
 #7

Do they require KYC? If so, I guess they won't get anyone to participate in their learn and earn program or will get very low amount of submission. I have checked the coinbase program long ago but since they require KYC, I gave up. Anyway, good to see the changes there.
I have tried to answer their questions, and before you can participate in quiz questions you need to provide information and email. And there isn't any KYC required, so you can rest assured with it
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August 14, 2020, 01:35:46 PM
 #8

such the opportunity to participate in these earnings for new users has already ended. such free ways to earn money always have member limits. CMC can't pay to everyone

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August 14, 2020, 01:36:59 PM
 #9

I had noticed this feature today on cmc as well and when i was reading the faq section i came to know we can earn upto $10 in the coin only which is kind of very low considering the huge platform cmc is and to compete with coinbase earn they should have more valuable offers in my opinion.

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August 14, 2020, 01:38:17 PM
 #10

The earn feature on Coinmarketcap is superb, it's a great step ahead. It's amazing to know people get incentives just by learning about crypto which is also beneficial, hence this means double reward (learn for free and earn). I've actually benefited from a similar earn campaign on coinbase, whereby I was rewarded with 50$ XLM for learning about the project.

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August 14, 2020, 01:39:04 PM
 #11

Do they require KYC? If so, I guess they won't get anyone to participate in their learn and earn program or will get very low amount of submission. I have checked the coinbase program long ago but since they require KYC, I gave up. Anyway, good to see the changes there.
Upon checking, they don't require KYC. correct me if I am wrong,
KYC was not discussed on how you can earn tokens and I think this is a good thing if they don't require it. They also include that every coinmarketcap account is only allowed to participate once.

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August 14, 2020, 01:45:51 PM
 #12

Do they require KYC? If so, I guess they won't get anyone to participate in their learn and earn program or will get very low amount of submission. I have checked the coinbase program long ago but since they require KYC, I gave up. Anyway, good to see the changes there.

KYC is not required with Coinmarketcap new Earn, but, I think the trick is that you need an account on Binance. Of course while passing quiz it is asked to fill any BAND wallet, but the instruction shows how to get it on Binance. When the timer runs out, I feel that only Binance BOND wallets will be filled with BAND tokens. Otherwise what is the point of doing such a giveaway using Coinmarketcap (an instrument that Binance bought few months ago) and using other than Binance wallets.

This who new "earn" is created just to attract more users to Binance.

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August 14, 2020, 02:03:40 PM
 #13

I had noticed this feature today on cmc as well and when i was reading the faq section i came to know we can earn upto $10 in the coin only which is kind of very low considering the huge platform cmc is and to compete with coinbase earn they should have more valuable offers in my opinion.
$10 is not enough for you, but for a beginner, $10 is a good chance to start. if a beginner makes 5-10 such companies and earns 50-100 dollars per week, then he will be able to create start-up capital

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August 14, 2020, 02:08:12 PM
 #14

I participated in it. I liked. I watched 3 videos of 2minutes (somehow informative about oracles and band) and made a small quizz.

I shared my binance address so I can instant dump that altcoin to bitcoin. 10 USD to watch a free class? Pretty good if you ask me.

They did not demand any KYC, just asked for my email and to create an account

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August 14, 2020, 02:08:40 PM
 #15

Do they require KYC? If so, I guess they won't get anyone to participate in their learn and earn program or will get very low amount of submission. I have checked the coinbase program long ago but since they require KYC, I gave up. Anyway, good to see the changes there.

KYC is not required with Coinmarketcap new Earn, but, I think the trick is that you need an account on Binance. Of course while passing quiz it is asked to fill any BAND wallet, but the instruction shows how to get it on Binance. When the timer runs out, I feel that only Binance BOND wallets will be filled with BAND tokens. Otherwise what is the point of doing such a giveaway using Coinmarketcap (an instrument that Binance bought few months ago) and using other than Binance wallets.

This who new "earn" is created just to attract more users to Binance.

I was curious and went through it. They are not just promoting band, they are recommending binance as a good wallet. Binance is not a compulsion but a recommendation. You need your registered email on coinmarketcap.
The $10 worth of band are not just for anybody as they stated that some of the lucky winners are going to get it. They make you do some questionnaire of which most are obvious answers while a few are tricky.

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August 14, 2020, 02:29:54 PM
 #16

Good thing is done by Binance and CMC, people that get Band will need to create an account on the exchange, so they will get to know the cryptocurrency more closely.

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August 14, 2020, 02:39:46 PM
 #17

I had noticed this feature today on cmc as well and when i was reading the faq section i came to know we can earn upto $10 in the coin only which is kind of very low considering the huge platform cmc is and to compete with coinbase earn they should have more valuable offers in my opinion.
$10 is not enough for you, but for a beginner, $10 is a good chance to start. if a beginner makes 5-10 such companies and earns 50-100 dollars per week, then he will be able to create start-up capital
Well, yes it is true. Maybe for him, $10 is quite low, but I think $10 is enough because the only thing you need to do to receive the coin is to provide your email address, your wallet address, and to answer their questions. It is not that hard, that's why I think $10 is enough reward.

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August 14, 2020, 02:44:14 PM
 #18

I imagined that as soon as coinmarket was bought by binance they would implement many changes, but I did not imagine that in such a short time they would change many things which really shows that they have a lot of long-term vision and I think it is a good thing that they are doing because it will allow people to start trying to find out more about the projects they want to invest in

We see in practice how the investment made by Binance from the purchase of Coinmarketcap is processed. Such investments in novice traders are intended to attract them for permanent trading on the Binance exchange. And the first step to this is to create an account on the exchange.

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August 14, 2020, 02:48:20 PM
 #19

I imagined that as soon as coinmarket was bought by binance they would implement many changes, but I did not imagine that in such a short time they would change many things which really shows that they have a lot of long-term vision and I think it is a good thing that they are doing because it will allow people to start trying to find out more about the projects they want to invest in

We see in practice how the investment made by Binance from the purchase of Coinmarketcap is processed. Such investments in novice traders are intended to attract them for permanent trading on the Binance exchange. And the first step to this is to create an account on the exchange.

Yeah but Binance is not a bad exchange to start with. Though exchange should never be recommended as wallets as they have an insanely high withdrawal fees. The fees on Binance are pretty decent and would be a useful exchange until it goes a scam or something. And I also like the way they are making people read about the projects, that would bring some technical knowledge about how modern coin works to a newbie.

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August 14, 2020, 02:53:59 PM
 #20

I imagined that as soon as coinmarket was bought by binance they would implement many changes, but I did not imagine that in such a short time they would change many things which really shows that they have a lot of long-term vision and I think it is a good thing that they are doing because it will allow people to start trying to find out more about the projects they want to invest in

We see in practice how the investment made by Binance from the purchase of Coinmarketcap is processed. Such investments in novice traders are intended to attract them for permanent trading on the Binance exchange. And the first step to this is to create an account on the exchange.

Yeah but Binance is not a bad exchange to start with. Though exchange should never be recommended as wallets as they have an insanely high withdrawal fees. The fees on Binance are pretty decent and would be a useful exchange until it goes a scam or something. And I also like the way they are making people read about the projects, that would bring some technical knowledge about how modern coin works to a newbie.

Yeah they are introducing coins to the new users but not any good coin, only the ones they have invested on. The popularity is just going to bring them profit. The current promotion is asking users to register for coinmarketcap and subscribe them, make an account on binance as well learn and earn band token which is arguably their home token.

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