DAI is the first stablecoin listed on Coinbase Earn 🚨 This article is 5 years old...
DAI is the first stablecoin listed on Coinbase Earn
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Updated: Nov. 7, 2019 at 5:58 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Dai is the first stablecoin to be listed on Coinbase’s education portal, which will enable its users to earn $6 in the coin by participating in lessons.
Coinbase adds DAI to its Earn program
According to the company’s official blog post, starting from June 10, its customers will be able to earn DAI by watching lessons and completing quizzes about the token and its features. This marks the first time a stablecoin has been made available on Coinbase Earn, the exchange’s education portal.
The addition of DAI comes just days after the exchange collaborated with blockchain developer Block.one to add EOS both to Coinbase and Coinbase Earn. The educational platform now supports six different tokens—Dai (DAI), EOS (EOS), Stellar (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX).
Incentivizing users to learn about cryptocurrency
The exchange has set out to be the all-in-one stop both for experienced crypto traders and newbies who want to get to know the industry better.
“Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI,” the company said in a statement.
Coinbase is reportedly planning to give away more than $100 million in various cryptocurrencies through the Earn initiative in order to promote crypto adoption.
With stablecoins often seen as a perfect way to introduce people to cryptocurrencies, Coinbase’s decision to list DAI comes as no surprise. According to Coinbase Earn, users will be able to earn up to $6 worth of DAI by participating in lessons. There are currently three lessons available, which introduce users to DAI, its uses, and the Maker (MKR) protocol it is based on.
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Single Collateral DAI
$1.28634
Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies.
Maker
$1,711.89
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
