Announcing CryptoSlate Research — gain an analytical edge with in-depth crypto insight. Learn more.

Binance Announces Bounty for Submitting Crypto Jargon Definitions

Binance Announces Bounty for Submitting Crypto Jargon Definitions

Binance Academy announced a bounty program that will reward individuals for submitting terms to be included in a crypto glossary. The program is part of a broader project aimed at providing free and impartial educational materials on cryptocurrencies and blockchain.

The Bounty Program in Detail

The two-week program was announced on 14th Mar. and is scheduled to end on 28th Mar. at 00:00 UTC. During this period, contributors can submit 200-500 word entries using Google Forms. In return, Binance Academy will reserve the right to copyright glossary entries that are approved. Other requirements include author details, a list of references, and a format in which submissions have to be made.

Every accepted submission will earn a reward of 2 Binance Coins (BNB) and there will also be additional rewards for the top 5 contributors. The overall best contributor will walk away with 10 BNB while the second and fifth best contributors will receive 5 BNB each. According to the statement from Binance, all bounty winners will receive their BNB tokens by Apr. 18th.

What Binance Academy Seeks to Achieve

Binance Academy, the educational division of the Binance cryptocurrency exchange, was launched with the aim of promoting blockchain and cryptocurrency education through the provision of “accurate, unbiased and free” learning materials on cryptocurrency related topics. The initiative already boasts materials on topics grouped under themes such as blockchain fundamentals, coins and tokens, and security.

Binance is well-known for using programs and competitions to incentivize participation in the cryptocurrency community. For instance, the community coin of the month vote led to the listing of coins voted for by community members. This provided insight into the cryptocurrency projects that had active users and brought such projects to the fore. Similarly, the Binance Dexathon coding competition in 2018 gave out $1 million to the developers that built the best version of the Binance Dex.

In the same vein, the glossary submission bounty engenders participation in the crypto community by rewarding experts and enthusiasts for sharing their knowledge. Beyond this, the initiative increases blockchain and cryptocurrency adoption by providing free access to high-quality, accurate learning material.

Filed Under: Adoption, Binance, Crypto Exchanges
Elikem Attah

Elikem is a cryptocurrency content writer who doubles as a chess professional. He holds a BA in political science and linguistics certificate from the University of Ghana and an MBA from Nanchang University in China. Coming from a political science and finance background his interests, both inside and outside the cryptocurrency space, fall within the same areas.

View author profile

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.