In a noteworthy move, a tech venture located down under, Swyftx, has stood up to be counted as an evangelist of crypto-education in Australia. Swyftx has set the ball rolling by commencing its ‘Learn and Earn’ program. Evidently, this initiative is not only motivated by the growing interest in digital currencies but also by the sharp increase in the appetite for blockchain knowledge, as Tom Matthews from Swyftx highlights.
Eyeing a place in the as-yet-undefinitized crypto-industry, Swyftx has cleverly designed this program to pay a financial incentive to those who take the time to truly comprehend the nuances of the crypto-market. This makes it a profitable learning experience for participants – an excellent strategy to encourage engagement and participation.
While one applauds this novel initiative, critics may point out that such an initiative might inadvertently push individuals to join the rapidly-growing digital investor’s bandwagon. Moreover, could this rush fog their assessment of the inherent risks associated with the crypto market?
The platform’s first course, set to start on September 6, focuses on fundamental analysis. A sweetener is thrown in for early birds: $5 in BTC for the first 4,000 completions. Beyond that, the platform has an allocation of AUD $100k that is planned to be doled out over the next year as new courses are added to the syllabus.
Pausing for a moment, is this just a marketing gimmick or a genuine attempt at educating the masses? In all fairness, the blockchain revolution could benefit from a platform that identifies scams, outlines risks, and underlines the importance of understanding projects in depth before diving in.
Swyftx seems to be taking a step in the right direction with courses tailored specifically towards identifying crypto scams on their agenda. This is certainly relevant given that Australian digital currency scams have seen an alarming surge by over 162%, causing losses close to $150 million, according to the Australian Competition and Consumer Commission (ACCC).
In conclusion, the story tells us two things; the importance of crypto literacy in a market flooded with digital currencies, and the urgency to separate the wheat from the chaff – the real opportunities from the ephemeral hypes and scams. Emphasizing the need for crypto knowledge and prudent discernment can be the fulcrum where a new paradigm in decentralized economies pivots.
Source: Cryptonews
