{"id":57047,"date":"2023-09-05T07:50:37","date_gmt":"2023-09-05T11:50:37","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/aussies-to-be-paid-to-understand-crypto-market-and-recognize-scam-coins-swyftx\/"},"modified":"2023-09-05T07:50:40","modified_gmt":"2023-09-05T11:50:40","slug":"aussies-to-be-paid-to-understand-crypto-market-and-recognize-scam-coins-swyftx","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57047","title":{"rendered":"Aussies To Be Paid To Understand Crypto Market and Recognize Scam Coins: Swyftx"},"content":{"rendered":"<div>\n<p style=\"text-align:justify;\">Australian crypto exchange Swyftx has launched a \u2018Learn and Earn\u2019 education platform with an aim to better equip Aussies with \u201ccrypto knowledge until such time as the industry is fully regulated.\u201d<\/p>\n<p style=\"text-align:justify;\">Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge in demand for educational resources on blockchain tech over the last year especially during the bear market.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cA lot of Aussies see digital assets as the future of online finance and they understand the significant opportunities that the technology presents in areas like tokenization and payments. But the novelty and complexity of the crypto market also creates risk.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align:justify;\">Interestingly, the program will pay Australians to better understand the crypto market and recognize scam coins.<\/p>\n<p style=\"text-align:justify;\">The first course on fundamental analysis is set to launch on September 6. The company release shared via mail added that the first 4000 Aussies who successfully complete the first course \u201cwill receive a $5 payment of BTC by way of recognition.\u201d<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cIn total, AUD $100k in rewards are expected to be paid out over the next 12 months, with new courses added weekly\/monthly on topics like long-term investment strategies and individual tokens.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align:justify;\">Tom said that there is a need for this education, given millions of Australians have entered the digital assets market over the last two years and another 900K new entrants are forecast to join them in the\u00a0next 12 months.<\/p>\n<p style=\"text-align:justify;\">According to Zac Povolny, co-founder of the education platform Investified, many lack the fundamentals necessary for a sustainable project, given thousands of digital asset opportunities to invest in.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cIt&#8217;s important to have the skillset and education to cut through and identify assets with real utility and staying power.\u201d<\/p>\n<\/blockquote>\n<h2 style=\"text-align:justify;\">Courses Specifically on Crypto Scams<\/h2>\n<p style=\"text-align:justify;\">Matthews further said that Swyftx has another course specifically on scams expected to come out over the next few months.<\/p>\n<p style=\"text-align:justify;\">\u201cThis will focus on education around identifying traditional scams, scammers and how they interact,\u201d he added.<\/p>\n<p style=\"text-align:justify;\">The first course expected to lick off on Wednesday will have modules including the fundamental analysis of digital assets, understanding the project\u2019s product and use case, and evaluating a project\u2019s tokenomics and financials.<\/p>\n<p style=\"text-align:justify;\">Australian crypto scams increased by more than 162%, losing nearly $150 million, per a recent report from the country\u2019s consumer regulator, the Australian Competition and Consumer Commission (ACCC).<\/p>\n<p style=\"text-align:justify;\">Matthews stressed on the industry\u2019s role in providing crypto users with serious educational resources to better understand the market.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cThis includes the ability to better differentiate projects that could make a genuine difference to our society from those that won\u2019t or, worst case scenario, could be scam tokens.\u201d<\/p>\n<\/blockquote><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/aussies-paid-understand-crypto-market-recognize-scam-coins-swyftx.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian crypto exchange Swyftx has launched a \u2018Learn and Earn\u2019 education platform with an aim to better equip Aussies with \u201ccrypto knowledge until such time as the industry is fully regulated.\u201d Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge in demand for educational resources on blockchain tech [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-57047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aussies To Be Paid To Understand Crypto Market and Recognize Scam Coins: Swyftx | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Australian crypto exchange Swyftx has launched a \u2018Learn and Earn\u2019 education platform with an aim to better equip Aussies with \u201ccrypto knowledge until such\" \/>\n<meta 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