Swyftx launches 'Earn and Learn' - paying Australians to learn about crypto scams

Australian crypto exchange Swyftx said it identified an increase in demand for crypto education during the bear market as the reason for its launch.

Australian crypto exchange Swyftx is launching a new ‘Earn and Learn’ crypto education platform, aiming to reward its users for completing courses covering a range of crypto scams.

The new educational platform will launch on September 6 and comes amid heightened attention to crypto-related scams in Australia.

Swyftx's head of corporate affairs, Tom Matthews, said the aim was to better inform the public until the industry is fully regulated. This would also serve to help people better understand the crypto market and reduce their vulnerability to fraudulent coins.

Matthews told Cointelegraph that the platform will help users identify different scams, such as those involving fake tokens, butchering pigs and other social media scams, as well as pumping schemes and dump.

“Cryptocurrency scams do exist, but there is frustration within the industry about how often this term is being used when people are actually talking about traditional scams, which involve digital assets. »

Furthermore, the courses will give users an "at-a-glance" checklist to consider when reviewing tokens to gauge their usefulness, he said, adding:

“This includes areas such as the experience of their founding teams, the strength of their tokenomics, any weaknesses in the project, the strength and profile of their venture capital backing, finance and tokenomics, as well as than understanding the objectives and relevance of the project. »

The exchange, which claims to have 660,000 customers, has identified a surge in demand for crypto education during the bear market.

The first 4,000 people to pass the first fundamental analysis course will receive five Australian dollars ($3.20) in Bitcoin (