Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams.
The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia.
Swyftx’s head of corporate affairs, Tom Matthews, said the aim is to better equip the public with knowledge until such a time the industry is fully regulated. It would also serve to help people better understand the crypto market and reduce their susceptibility to scam coins.
In comments to Cointelegraph, Matthews said that the platform will help users identify different scams such as those involving spurious tokens, social media scams such as pig butchering, and pump-and-dump schemes.
Additionally, the courses will give users an “at a glance” checklist to consider when looking at tokens to assess their utility, he said, adding:
The exchange, which claims to have 660,000 customers, identified a big rise in demand for crypto education during the bear market.
The first 4,000 people to successfully complete the first course on fundamental analysis will receive $3.20 (5 Australian dollars) in BTC with $64.30 (100 Australian dollars) in total rewards available to each participant over the next 12 months.
The firm is anticipating up to 80,000 Australians to participate, he said.
Meanwhile, Matthews added that the demand for more education has been largely driven by the high level of grassroots crypto adoption in Australia, before commenting:
Zac Povolny, co-founder of Australian investor education and research platform Investified, who is contributing to some of the courses said, “With thousands of digital asset
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