BG Learning is Earning: Bithumb Global pushes for Crypto Education rewarding its users with blockchain venture tokens
Bithumb Global takes educating new investors seriously and launched BG Learning in August 2020 – a platform that teaches you the most important things about carefully chosen projects you might want to invest in. The perks are a reward system that incentivizes participants with project tokens for their engagement. Even when you decide not to invest in a project when understanding its fundamentals, with BG Learning, you still get a share from the reward allocation, making a missed investment opportunity less painful. On the other hand, by purchasing tokens when the trading goes live, you’ve got even more tokens right from the start.
How does BG Learning work?
The interactive platform BG Learning is a win-win scenario for both: potential investors and blockchain projects. The Bithumb Global exchange (BG) holds a few Q&A Seasons every month to open up the opportunity of getting to know new blockchain start-ups in their official global debut stage. Making the right investment decisions is vital to retain users long-term. BG wants to make sure that users know what they invest in. When they give the correct answer, they earn project tokens as rewards. Debates in the community are encouraged, which benefits the blockchain projects, so they get higher social media engagement. When a project reaches a certain threshold of currently 10,000 votes within a couple of hours as predefined in each Season, it gets listed on Bithumb.
How to participate?
Allocation of the number of votes in the voting events depends on the asset holdings and transaction amount of Bithumb Global users (excluding the low commission rate of market maker accounts):
- Asset holding:
The number of votes the user gets due to asset holdings on BG is the average net asset holdings (including Spot and Margin Trading assets but deducting borrowed assets in Margin Trading) on the account 14 days before the voting. For every 200 USDT equivalent of token holdings, including BTC, ETH, and USDT, one vote will be obtained and for every 200 USDT equivalent of token holdings other than BTC, ETH, and USDT, 0.5 votes will be obtained.
- Transaction volume:
The number of votes a user gets by making transactions is the total transaction volume 14 days before the voting. One vote can be obtained for every transaction worth at least 100 USDT.
For example, your average net asset holdings in the 14 days before the event are 820 USDT equivalents of BTC, ETH, and USDT, 1,240 USDT equivalent of tokens other than BTC, ETH, and USDT, and the total transactions amount is 930 USDT. You will get 7 (4+3) votes for asset holdings and 9 votes for the transaction volume, which sums up to 16 votes in total.
By the end of the event, a certain amount of project tokens will be airdropped. All users who have answered correctly will share the project tokens according to their proportion of total votes in the event.
Performance of project tokens listed via BG Learning
Bithumb Global’s BG Learning platform has launched five successful events to date with thousands of users participating. This is likely to attract more projects to advertise on the Bithumb Global platform. Let’s take a look at the price reaction of previous project listings:
- Mantra DAO’s OM token pumped 2x at the trading start on August 18 from $0.24 to $0.45 18 hours after, peaked at $0.63 eight days later, and is trading today at around listing price.
- Proxi DeFi’s CREDIT token started trading at around $0.50 on August 25 and has fallen since to around 10 cents. The project got more than 463,000+ votes on BG Learning, and the staking interest for the project was 88%.
- GatherNetwork’s GTH token was very volatile when it started trading on Bithumb Global on September 14. It experienced resistance at $0.24 on the same day and found support at 8 cents 3 days later. GTH stabilized at around $0.13 soon after.
- Hedget’s HGET token had a sharp correction after listing in the two-figures on September 13. It’s yet to be decided if $4.51 can hold as support.
- Permissions’ ASK token just listed on September 17. Due to its high token supply, it can be difficult to read a price. It has been traded between $0.0009 and $0.0004 so far.
Projects on BG Learning have yet to prove price appreciation and stability after getting listed on Bithumb Global, which all of the projects did by meeting the event’s low cap of 10,000 votes. While Coinbase opened its Earn platform in May 2019 primarily for well-known blockchain projects, BG Learning found its niche teaching its users about hidden gems in the blockchain space offering an attractive steppingstone for learning and earning crypto true to their mission to “provide better experiences for over 900,000 users from 151 countries and regions”. [Source: bithumb.pro]
About Bithumb Global
Since its launch in May 2019, Bithumb Global has developed into a leading cryptocurrency exchange on the global market. For the past year, Bithumb Global has established a competitive platform offering cryptocurrency trading and services dealing with blockchain technology. Today, BG is evolving into a comprehensive blockchain-based financial corporation.