Cryptocurrency Learn and Earn myth – A complete loss of time
I've seen a lot of posts about different exchanges or crypto related websites which embedded also a Learn and Earn programs. They promote from time to time certain tokens, you need to watch some videos, afterwards take a quiz and they advertise that you can earn up to $10 or more. They key factor here is the syntax "up to" which doesn't guarantee any amount and could be as low as $0.01 or as high as $10 or $20.
Few days or weeks ago I participated in a promotion on CoinMarketCap.com where they had KAVA rewards for proofing watching their videos and responding to the quiz. The KAVA token price is about $1.90 and as I thought it was a good value that I can exchange afterwards maybe in HIVE or LEO I've participated to the advertised promotion.
From there on I went to the indicated web URL and claimed my tokens using a KAVA address and memo that I had on Binance. All seemed good and after claiming the rewards I have checked my KAVA balance on my wallet. Opening my eyes and looking at the awarded KAVA tokens I saw that I got only 0.2965. I thought that maybe it was a mistake, but after researching a little bit in more details the promised rewards were "up to" $10. It was clear at that point that they've got me this time and everything was a waste of time for only 0.2965 KAVA which means approximately $0.56, nowhere close to the advertised reward.
Going though this experience it is clear that there is somehow a false advertisement about these "Learn and Earn" programs as you can earn "UP TO" a specific amount. It is not guaranteed and I believe that it is anyhow set to a low value programmatically rather than you to have a chance at it. I wouldn't recommend for anyone loosing time with this even if they would find all responses online and they don't need to go through watching their videos. There are better things to do with your time and for sure better activities that reward you more.
This is a personal opinion through my experience with such Learn and Earn programs. Maybe others had better experiences or luck, but as long as such borderline advertisement is done this is not fair with the potential participants.
Posted Using LeoFinance Beta
https://twitter.com/behiver1/status/1314102603844923393
I can't agree more to this. Although I did read the words "up to" correctly, most people like to promote it as $10 airdrop. So It's not CMC that is spreading these lies. Still I wanted to see how much I get.
So I participated in BAND reward program and voila, I received some $0.80. The result, I chose not to participate in KAVA event. The more popular the program becomes, reward are gonna decrease as there is only a fix allocation.
But you can still do it if you have nothing better to do. Like, this time I thought to give LUNA a go. But unfortunately, it asks for your Binance wallet address. Thus they are actually promoting Binance at the cost of LUNA. And guess what, Binance LUNA wallet was suspended when I tried to participate. And that was the end of it. I never returned to CMC earn program
Posted Using LeoFinance Beta
Indeed, I've participated in one or two such programs and both were more than disappointing. Hopefully others will not waste their time doing the same and hoping for something it will not come.
Posted Using LeoFinance Beta
lol what a waste of time.
glad i didn't start the coinmarketcap earn, was thinking of doing it.
Yeap, better and more lucrative things to do with your time.
Posted Using LeoFinance Beta
true that :D hope to get back to posting though!
!ENGAGE 20
ENGAGEtokens.