If you have been an active Coinbase user, then the new Ethernity Chain quiz on the exchange apps shouldn’t be all that surprising or strange. But for the non-users, Coinbase runs a cryptocurrency learn and earn service where users are encouraged to watch or study tutorials on cryptocurrency whilst earning.
Thus, Ethernity’s Coinbase quiz is just a new campaign on the exchange aimed at educating users about Ethernity Chain. The users are rewarded with a certain amount of the Ethernity Chain’s native cryptocurrency for answering quizzes, particularly from the tutorials provided to them.
What is Ethernity Chain?
Ethernity is described as the world’s first authenticated and licensed NFT platform, according to the website. It’s essentially a community-oriented marketplace that offers limited edition authenticated NFTs (aNFTs) and trading cards from popular figures.
Ethernity was founded by an early cryptocurrency investor, Nick Rose. The platform also boasts of strong social presence and backing from popular venture capitalists like Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock, and Genesis Block Ventures.
It’s worth mentioning that Ethernity primarily targets notable figures. It partners with digital artists, popular brands, sports icons, and entertainment figures to issue limited edition authenticated NFTs, which can be bought and traded easily on the Ethernity marketplace.
The marketplace is powered by the native token, ERN. The Ethereum-based token is used for bidding and purchasing exclusive arts and rare aNFTs on Ethernity. ERN also allows holders to participate in virtual and real-world experiences and events. It’s basically the transactional and utility token of Ethernity Chain.
Besides powering the trades on the Ethernity marketplace, the holders of ERN can farm the token to earn Stones, which can be redeemed to buy exclusive NFTs. More like an incentive for investing, Ethernity Chain locks 75% of the profit from sales into ERN long-term, benefiting the staking pool and rewards potential for its users. Also, the website reads that a “portion of the sales proceeds may go to our charity partners.”
Ethernity’s Coinbase quiz explained
Ethernity’s Coinbase quiz is not different from the regular Coinbase learn and earn programs; the procedures are quite the same. However, interested users will be mostly learning about Ethernity rather than the general cryptocurrency industry.
The ERN learn and earn campaign on Coinbase was announced on 2nd June, and it’s currently ongoing. The participants are rewarded with $3 in ERN for every quiz they complete, which can be HODLed or exchanged for other cryptocurrencies.
How to Participate in Ethernity’s Coinbase quiz
- The first step to participating in Ethernity’s Coinbase quiz is to signup with the exchange. The learn and earn program on Coinbase is only available to registered users.
- Afterward, you can navigate to the Learn and Earn section of the exchange to see the campaigns available. This is also available on both the mobile and desktop versions of the exchange.
- Start the course on Ethernity Chain. Watch and learn all the educational tutorials provided about Ethernity.
- After completing the tutorials, you will be provided a simple quiz testing what you’ve learned. If answered correctly, you shall receive $3 worth of ERN tokens on your Coinbase account.
ERN market price
At the time of writing, ERN was trading at $1.75, with a market capitalization of $26.6 million.
The ERN token is available on both Ethereum and Polygon networks. It has a maximum supply of 30,000,000 ERN and can be bought on several major exchanges like Coinbase, Binance, CryptoCom, OKX, KuCoin, Huobi, Gateio, including Uniswap.