Financial service platform Revolut launched a crypto educational tool on Polkadot (DOT) and the nascent industry. Aimed at making the jargon and the complexities of the digital asset class easy to understand, Crypto Learn will be comprised of two courses, according to an official post.
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Users will have the option of taking the Crypto Basics course and the course on Polkadot and the new blockchains. Participants will be able to earn up to $15, to be paid in DOT, after completing a short quiz on the courses.
Revolut claims their lessons will be “easy to understand” for users regardless of their expertise. The lessons will be comprised of short videos and additional educational material in a text-based format.
As the financial service platform explained in the official post, there are people with an interest in getting into the crypto space but they lack the tools to get started. This crypto learn program is a way to incentive users by offering them rewards based on DOT, currently the eleventh cryptocurrency in terms of market cap:
A lot of people throw around big words and bamboozle their friends with crypto chat. But how many people actually know how it works? Our courses will give you the power to cut through jargon and sort fact from fiction when it comes to cryptocurrencies and the Polkadot network (…):
In order to participate, DOT users can enter the Revolut app and look for the Learn section under the crypto tab. After taking the courses and completing the quizzes, users will be able to redeem their rewards.
Revolut has over 18 million active clients. These users can purchase cryptocurrencies on the platform, and access other financial services. In that sense, Revolut has been publishing information and educational material on cryptocurrencies.
According to a recent report from analytics firm Messari, Polkadot has been following the general sentiment in the crypto market and has lost over 66% of its market capitalization as of the second quarter of 2022. The cryptocurrency records a 86% decline in market cap from its all-time high.
In addition, the Polkadot network has seen a similar decline in its monthly active users, and new accounts. This has led to a decrease in activity across the blockchain.
However, Messari claims the network has seen “consistent” network activity despite the dropped in DOT’s price and its market capitalization. This consistency is also found in the amount of DOT staked. The cryptocurrency records over 56% of its supply staked.
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The blockchain has also seen consistent levels of developer activity. These metrics suggest long-term bullish bias from DOT holders and could support future appreciation despite the short-term bearish price action.
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