VeChain and Coinbase Partner for Blockchain Education Initiative
Partnership for Blockchain Education
VeChain has teamed up with Coinbase to launch an educational program for its blockchain platform, VeChainThor. This initiative seeks to attract between 750,000 to 1 million users, following the recent listing of VeChain's tokens, VET and VTHO, on Coinbase. The program offers participants a chance to earn up to $12 in VET tokens by completing quizzes and tasks related to the VeWorld mobile app and decentralized applications (DApps).
Program Details and Rewards
The educational program is designed to engage users through interactive learning, providing rewards in VET tokens: $2 for simple tasks and $10 for more advanced challenges. These rewards are deposited into the VeWorld mobile wallets, encouraging further exploration of VeChain's blockchain technology.
Focus on Technology and Governance
A significant component of the program is a whitepaper developed by BCG, which delves into VeChain's Proof-of-Authority consensus mechanism, dual token model, and governance style. While the program is widely accessible, Coinbase's policy restricts availability in certain regions, such as France.
Advancements in Web3 Services
In addition to the educational initiative, VeChain has announced an upgrade to its Web3-as-a-Service platform, VORJ. This development follows the company's recent acquisition of a payments patent, showcasing its commitment to innovation.
VeChain's Vision and Industry Impact
VeChain CEO Sunny Lu emphasizes the company's dedication to sustainability and education. This partnership with Coinbase highlights blockchain's potential in supply chain management and reinforces VeChain's commitment to fostering industry growth. The recent hackathon success and the inclusion in the Learn program further demonstrate VeChain's strategic focus on expanding blockchain market development, offering service access, staking rewards, and participation opportunities to VET holders.
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