Everyone loves getting free stuff, especially getting free cryptocurrency.
Whether it from completing social media tasks to get that airdrop sent to your wallet, retweeting some projects promotion on Twitter or playing with Faucets to get micropayments every hour. That why most of us have ended up on Publish0x, the lure of getting free BAT or maybe its the LRC or DAI that floats your boat.
First The Background Story
In 2018 the cryptocurrency exchange Coinbase bought Earn.com in a deal worth more than $120 million. Earn.com was a U.S. startup that used the blockchain for its paid-email service.
Coinbase then appointed co-founder and CEO of Earn.com, Balaii Srinivasan, as its first CTO. While the rest of the Earn.com staff was to transfer over to the Coinbase team.
In December 2018 Coinbase launched Coinbase Earn, a similar concept to Earn.com. You got paid in Bitcoin for completing tasks and receiving emails.
Around February 2019 Coinbase officially closed down Earn.com and requested all account holders withdraw any Bitcoin held in their account be transferred to their Coinbase account.
(I had a small amount of Bitcoin sitting in my Earn.com account which I had been unable to withdraw. Now with the option of withdrawing to Coinbase I could finally get it out. Just needed the market value of Bitcoin to reach a certain level, so the value of the Bitcoin in my Earn.com account would reach the minimum withdrawal threshold of $US2.00. The lengths some people will go to Stack Sats.....)
Coinbase Earn allows users to earn cryptocurrencies, while learning about them in a simple and engaging way. The idea is for users to understand more about an asset's utility and it's underlying technology, while getting a bit of the asset to try out.
Ox (ZRX) was the first asset available on Coinbase Earn and to manage demand was in invite-only mode. Once you received your invite you were able to watch 3 short educational videos and complete a simple quiz at the end of each video. For watching each Ox (ZRX) video you earned a small amount of the token which went straight to your Coinbase Ox (ZRX) account.
This is what I received for watching one of the 3 educational Ox videos. Yes it was only $US1. But Coinbase Earn in conjunction with their sponsors have since increased the amounts you are can earn up to $50/52 per token.
How to get the free EOSIO (EOS) Tokens
Coinbase Earn has a series of educational videos about the EOSIO protocol which is designed for fast and free blockchain apps.
There are 2 methods of earning the free EOSIO (EOS) tokens.
#1 Use the referral link https://coinbase.com/earn/eos/invite/65d9r3zs and you do not have an existing Coinbase account.
#2 Use the referral link https://coinbase.com/earn/eos/invite/65d9r3zs and you already have an active Coinbase account.
Using the referral link takes you to the following page where you are invited to join Coinbase Earn. You will need to click on Create an Account and follow all the steps to create a Coinbase account. It is a relatively quick and easy process these days. It took my wife 10 minutes to create and get her account verified. You will need one form of identification and your address needs to match what is linked to the identification. As you are not buying cryptocurrency you will not need to add a credit/debit card.
Once your Coinbase account has been verified. Login in and on the Home page scroll down to the bottom of the page till you see Earn free crypto with Coinbase Earn banner. Click on the blue button Earn crypto.
Click the blue button Get started. Depending on demand at the time you may get put on a waitlist. I have found that referrals generally don't have to wait as long existing customers. It usually is about a 2 day to 2 week wait. They are meant to send you an email advising you are now invited but that doesn't always happen and I would advise you check regularly by logging into Coinbase and go to the Coinbase Earn banner on the home page.
Lesson 1 is a short video that explains that EOSIO is a blockchain protocol designed for fast, free and secure applications. EOS is a popular blockchain that uses the EOSIO protocol. After you answer a simple quiz at the end. Ka-ching you receive $US2 of EOS.
Lesson 2 is a short video which explains what Delegated Proof of Stake is, how the DPoS works and what its benefits are . After you answer a simple quiz at the end. Ka-ching you receive $US2 of EOS.
Lesson 3 is a short video explaining what is the EOS token. After you answer a simple quiz at the end. Ka-ching you receive $US2 of EOS.
Lesson 4 is a short video explaining about running an application on EOSIO requires 3 resources: CPU, NET and RAM. After you answer a simple quiz at the end. Ka-ching you receive $US2 of EOS.
Lesson 5 is a short video explaining about developing apps with EOSIO. After you answer a simple quiz at the end. Ka-ching you receive $US2 of EOS.
Now the bulk of the amount of EOS tokens you can earn is from referring 4 other people with your referral link. Click on the blue button Earn $40 EOS
Your referrals can be new or existing customers. You can invite more than 4 friends or people in your networks but only the first 4 referrals will count. You can use the Share button or you can just copy and paste the referral link.
Note: It has been noticed that new Coinbase customers don't have to wait as long on the magical Waitlist as existing customers have to. This makes sense, as it is in Coinbase's commercial interests, to give preference to enrolling new customers.
Note: Also once you have become a verified Coinbase customer you can still use the same person referral links for other cryptocurrency educational videos.
You just use the referral link to take you to the login screen.
Stellar is a platform that connects banks, payment systems, and people. Learn how it works and you can earn $US50 XLM.
Orchid is a crypto-powered privacy tool. Learn how it works and you can earn $US50 OXT.
Using the referral link takes you to the same page as in Method #1 but as you are already an existing Coinbase customer you just need to click on Sign in to Coinbase. Once you have logged in, you scroll down to the Coinbase Earn banner on the home page. Then just follow the rest of the steps as described in Method #1.
I apologise in advance to any one who might feel I have skimped on information about the EOSIO protocol and EOS token. I did this deliberately as I wanted to leave something for you, when you watch the educational videos. My wife and I have both found all the videos on Coinbase Earn very easy to follow, even for some one with no interest in cryptocurrencies.
I hope you found this post, about how to get $US50 worth of EOS tokens, interesting and informative. As always I enjoy doing the research and putting it all together.
Feel free to post comments, as getting feedback is how we learn. And as a publisher all feedback is greatly appreciated.
Or a thumbs up if you enjoyed your read.
Update May 26
This post was published this morning and already my wife has received an email from Coinbase advising that she had received 4.0064 EOS tokens from some-one who used her referral link today. Just goes to show that the Step by Step Guide does work and not every-body goes on the waitlist. You have to be in to win. Good luck.