Coinbase Adds EOS to Its Crypto Education Rewards Program

Coinbase users can now get up to $10 in EOS tokens by learning about the cryptocurrency through the exchange's Earn program.

Jun 2, 2019 at 2:05 a.m. UTC
Updated Sep 13, 2021 at 9:15 a.m. UTC

The crypto curious can now get up to $10 in EOS tokens by watching videos on Coinbase Earn.

"We think a large number of people will obtain crypto not by buying it or mining, but by earning it," Balaji S. Srinivasan, the recently departed chief technology officer of Coinbase, said on behalf of his former employer at a Block.one event on Saturday night in Washington, D.C.

Srinivasan was on stage alongside Tim Wagner, Coinbase's vice president of engineering, to announce the addition of EOS to the Earn roster. Formed after Coinbase's acquisition of Earn.com, which Srinivasan founded, Earn allows users to get cryptocurrency rewards for learning about various protocols.

EOS joins XLM, ZEC, BAT and ZRX in the Earn program, which recently expanded to 103 countries. Coinbase says it has over $100 million worth of crypto available for its customers to earn through the Earn site.

A Coinbase spokesperson confirmed to CoinDesk that the new EOS feature is now live.

"Behind the scenes of EOS showing up on our platform, Coinbase does deep analysis," Wagner told a crowd of several hundred EOS fans at the Block.one event in D.C. (The Earn news was the undercard of the night's main event: Block.one's announcement of a new social media platform called Voice.)

EOS first appeared on Coinbase Pro in April and then on its consumer product as of yesterday. The addition of the token comes after Coinbase said last September that it would add new cryptocurrencies more quickly, releasing at the time a new listing process for crypto assets.

Coming soon, Wagner said, EOS would go live on Coinbase Custody as well.

Wagner told the crowd:

"For any of us to succeed, crypto must succeed."

The EOS price is trading at $7.81 as of press time, according to CoinMarketCap, down from a high earlier on Saturday of $8.29.

Balaji Srinivasan and Tim Wagner speak at a Block.one event in Washington, D.C., photo by Brady Dale for CoinDesk

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Pierina Merino: Rethinking Social Media for the Metaverse

Meet the 30-year-old Venezuelan founder of FlickPlay, a hot social metaverse platform. Merino will appear at CoinDesk's Consensus festival.

Meet the 30-year-old Venezuelan founder of FlickPlay, a hot social metaverse platform. Merino will appear at CoinDesk's Consensus festival.

2
Former Wyoming Banking Commissioner Goes Web 3

Albert Forkner has joined crypto infrastructure company Fortress Blockchain Technologies.

Albert Forkner has joined crypto infrastructure company Fortress Blockchain Technologies.

3
Voyager Downgraded by Compass Point as Retail Investor Health Questioned

Compass Point predicts headwinds in the crypto ecosystem and a slowdown from retail investors.

Compass Point predicts headwinds in the crypto ecosystem and a slowdown from retail investors.

4
ApeCoin Migration Draws Interest From Avalanche, Flow

The firm behind the Bored Ape Yacht Club NFT collection is in talks with layer 1 suitors as the project considers a post-Ethereum future.

The firm behind the Bored Ape Yacht Club NFT collection is in talks with layer 1 suitors as the project considers a post-Ethereum future.