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Swyftx

Swyftx To Launches Crypto Education Program That Pays Users For Completing Courses

Kent Tenix
by Kent Tenix
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An Australian cryptocurrency exchange, Swyftx, which boasts 660,000 customers, aims to launch an educational initiative. According to the firm, the reason was due to the increased demand for crypto education during the bear market. 

The cryptocurrency exchange Swyftx is introducing an “Earn and Learn” crypto education platform. This platform aims to incentivize users by offering rewards when they complete courses that cover various cryptocurrency scams.

The Platform Is Set To Launch On September 6

The platform is set to be launched on September 6, coinciding with the increased focus on cryptocurrency-related scams in Australia. Tom Matthews, who holds the position of Head of Corporate Affairs at Swyftx, expressed the reason for the launch of the initiative.

Reading: Shiba Inu Lead Dev Confirms Development Of Burn Portal

Matthews disclosed that Swyftx’s objective is to provide the public with improved knowledge and understanding, especially while the cryptocurrency industry remains unregulated. This project aims to enhance people’s comprehension of the cryptocurrency market and decrease their vulnerability to fraudulent activities.

The platform will assist users in recognizing various types of scams, including those involving deceptive tokens, social media schemes like pig butchering, and pump-and-dump schemes.

Mathew also mentioned that there is a degree of frustration within the industry since the term “cryptocurrency scams” is often used broadly to refer to traditional scams that involve digital assets. 

Furthermore, the courses will give Swyftx’s users a quick checklist to evaluate tokens. They’ll consider factors like the founding team’s background, tokenomics strength, project weaknesses, and the support and reputation of venture capitalists. 

Also, the courses will enable them to understand the financial aspects of crypto projects and understand its objectives and significance.

TOTAL chart
The crypto market’s total cap currently hovers around $1.21 in the daily chart. | Source: TOTAL chart from TradingView.com

Swytfx Sets To Reward Participants

For its upcoming project, the first 4,000 individuals who complete the initial fundamental analysis course will receive five Australian dollars ($3.20) worth of Bitcoin (BTC).  

Swyftx expects as many as 80,000 Australians to participate in this program and a total potential reward of 100 Australian dollars ($64.30) is available to each participant throughout the next year.

Matthews explained that the growing demand for more educational resources is primarily a result of the increasing grassroots adoption of cryptocurrencies in Australia. 

He emphasized that the demand for high-quality educational materials is rising rapidly, and the upcoming market cycle will be driven by knowledge rather than hype. According to him, people are now more aware of the risks associated with token scams or project failures, especially following events like Terra/Luna.

Swytfx is not the only platform that has delved into the educational aspect of crypto interactions. Prominent cryptocurrency exchanges like Coinbase have introduced educational platforms that provide incentives in the form of cryptocurrencies.

Related Reading: Crypto Regulatory Bill Faces Pushback In Australian Senate: What’s Next?

Coinbase launched its Coinbase Earn platform in late 2018, offering several alternative cryptocurrencies such as ZRX, ZTX, GRT, and COMP to users who completed brief educational courses related to these specific assets. 

Binance also provides opportunities to earn cryptocurrencies through its Academy platform.

Featured image from Pixabay and chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Kent Tenix

Kent Tenix

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Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on politics, business, technology, or culture, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

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