The opportunity to innovate is a human instinct, and yet it is often met by roadblocks. Every technological innovation has its own set of enemies. From cameras and touchscreen devices to ride-hailing services like Uber, from artificial intelligence [AI] to blockchain technologies, the adoption curve may look promising. However, it has not been an easy ride.
Cryptocurrency and blockchain technology is a groundbreaking field, but lawmakers worldwide might not want you to know that. Bitcoin and blockchain have taken a decade-long journey to reach us in 2021, and it has changed a lot along the way. Blockchain, for one, is not just limited to the cryptocurrency industry, and it has emerged as an evolution that has taken the market by storm! Its capabilities have extended across various sectors. While several industries have embraced blockchain technology, the same cannot be said about the digital asset realm, which struggles with even today.
The cryptocurrency asset class is well over a trillion-dollar industry. Even then, it is an alien concept to many. For years, the archaic traditional and centralized financial institutions have disregarded and disapproved of this industry altogether, some even citing a threat to the existing monetary system. But the foray of institutional biggies demonstrates the asset class’s power and the promise of a new financial world. Thanks to the growing users, the narrative of Bitcoin and digital assets has swiftly evolved over the last ten years.
From being a buzzword in media and social feeds to building instruments that can transform the legacy structures, be it lending, derivatives, insurance, or loans, this industry has come a long way. Its accessibility has grown multi-fold, thanks to the internet. Institutional investors are slowly entering the space. This has, in turn, resulted in the infusion of more legitimate money. Hence, more people are now paying attention than ever. Despite the growing demand, not all users are fully aware of the intricacies involved. To make things worse, it is always easy to fall into FUDs and FOMOs that often take over the market.
Here’s what is missing in this space – crypto education. There is no denying that there are thousands of whitepapers, blogs, and publications. But these can quickly become overwhelming for anyone entering the scene. It is difficult for an average person to make a rational decision with so much noise in the market.
But the world’s knowledge is just a few clicks away. Today, anyone can design their own learning road, set up their goals. Learning needs to be fun. Earning rewards while doing so might seem unreal, but Phemex makes this possible with its all-new Learn and Earn program.
Launched in 2019, Phemex has emerged as one of the most prominent cryptocurrency exchanges in the world. Based in Singapore, the platform intends to position itself as the world’s most trustworthy exchange. Its user-base has grown tremendously over the last two years, thanks to its unique approach of prioritizing user-requested features and community feedback. Currently, Phemex hosts over a million traders.
One of the main issues plaguing the world of cryptocurrency is the jargon-riddled information that might not help beginners. Hence, Phemex, via its education program, aims to simplify various concepts while providing a comprehensive course structure on cryptocurrency and blockchain. The Learn and Earn program will also include intuitive lessons and interactive videos to make the learning process more fun. But it doesn’t end there.
Phemex plans to offer a chance for the users of the program to earn rewards! Users can put their knowledge to the test with a fun short quiz after each lesson, and if all the answers are correct, they receive a free reward.
The carefully curated course by the exchange is entirely beginner-friendly and gives a fun way to learn as well as earn money. The first set of courses provides a broad overview of the exchange’s important essential features. It also encompasses core concepts about how cryptocurrencies work and how to buy and trade them on an exchange.
It is structured into a few basic courses with sub-lessons incorporating introductory passages, explainer videos, and a final quiz for users to test the users’ knowledge. Upon correctly answering, users will earn rewards in the form of trading bonuses that traders can use with perpetual contracts on Phemex.
In the coming days, Phemex aims to cover more and more extensive concepts through Learn and Earn and simultaneously enable incentives in cryptocurrencies for its users. However, to receive these rewards, users will have to complete KYC protocols. Currently, the educational program is not available in every region, but the team is working on expanding its reach to make it more accessible internationally.