Here’s how you can earn free crypto with Binance’s new EduFi

Binance has been one of the prominent actors who cared deeply about crypto education. It established its learning platform Binance Academy in 2018 during the crypto education hype.

Since then, Binance Academy has been providing educational content in videos and articles in different proficiency levels.

Today, Binance announced the launch of another feature of Binance Academy: the Learn & Earn program. This feature will grant users free crypto as they complete educational tasks. Talking about their unique approach to learn to earn, CEO of Binance Changpeng Zhao said:

“Crypto is changing the world. We’ve already seen GameFi, where people earn from playing games, and now we have created Binance EduFi, where people can earn while they learn.”

He continued by stressing the importance of education in the crypto sphere:

“We want to give our users the best tools to improve their understanding of blockchain technology and cryptocurrency projects, so they can make more informed investment decisions.”

Program Details

The program is accessible via the Learn & Earn page on Binance Academy. All users who completed the identity verification and agreed with the Binance terms of use are eligible to participate.

The program will be hosted regularly, starting on March 25. Terra, Woo Network, Polkastarter, and ANKR will be included in the first batch. The date and the participants of the second batch are not yet announced.

Binance Learn landing page includes a list of available courses. Users will be earning crypto vouchers as rewards after successfully completing a course—Binance predetermined $600 thousand rewards for the first batch.

Reward token vouchers are distributed within two hours of completing each course. However, they do not grant coins immediately. To redeem their rewards, users are required to visit their accounts and go to the newly added “Reward Center” menu and claim their vouchers. Each voucher remains active for 14 days to be claimed.

Rewards are determined based on the market price at which the activity launches. Even if the market price of the reward asset falls, the price amount will still be calculated on the initial value. The same rules apply if the price increases as well.