Swyftx’s ‘Learn and Earn’ initiative equips Aussies with essential crypto knowledge to prepare for full industry regulation in response to rising demand.
Rising Demand for Crypto Education
In response to the surging demand for blockchain and cryptocurrency education, Australian crypto exchange Swyftx is rolling out a unique initiative. The “Learn and Earn” education platform aims to equip Australians with essential cryptocurrency knowledge. With millions of Aussies entering the digital assets market in recent years, Swyftx recognizes the importance of educating the masses about cryptocurrency.
The “Learn and Earn” program enhances understanding of the crypto market and reduces susceptibility to scam coins. Tom Matthews, Swyftx’s Head of Corporate Affairs, highlighted the significance of crypto knowledge, especially during the bear market. He emphasized that while many Australians see digital assets as the future of online finance, the complexity of the crypto market also creates risks. The initiative pays Australians to comprehend the crypto market better and recognize scam coins.
Courses Covering Scams and Fundamental Analysis
The program’s first course, focusing on fundamental analysis, is set to launch on September 6. The first 4,000 Aussies to complete this course will receive a $5 payment in BTC as recognition. AUD 100,000 in rewards is expected to be distributed over the next year, with new classes covering topics like long-term investment strategies and individual tokens. Additionally, Swyftx plans to introduce a course specifically dedicated to identifying scams in the coming months.
Addressing the Crypto Scam Issue
Crypto scams have risen in Australia, with losses reaching nearly $150 million, as reported by the Australian Competition and Consumer Commission (ACCC). Swyftx’s “Learn and Earn” platform aims to equip users with the knowledge to identify various scams, from spurious tokens to social media icons and pump-and-dump schemes. By providing users with essential tools and checklists, Swyftx seeks to reduce the risk of falling victim to scams.
Swyftx identified a significant rise in demand for crypto education during the bear market. The platform anticipates up to 80,000 Australians to participate in the initiative. Zac Povolny, co-founder of Investified, emphasized the importance of having the skills and education to identify assets with real utility in a market filled with digital asset opportunities.
Global Trend of Crypto Education Initiatives
Swyftx’s “Learn and Earn” initiative aligns with a global trend of cryptocurrency exchanges offering educational platforms with crypto incentives. Exchanges like Coinbase and Binance have launched similar programs to promote crypto education.
As the demand for knowledge grows, it becomes evident that the next crypto market cycle will be driven by informed decisions rather than hype. Swyftx’s initiative is a significant step towards making cryptocurrency accessible while minimizing risks in the evolving crypto landscape.
Final Thoughts
With “Learn and Earn,” Swyftx takes a proactive approach to ensure that individuals have the skills to make informed decisions in the crypto world.