- IOTA has announced a strategic partnership with CoinGecko to educate its community on the newly launched Rebased Protocol for a chance to win $20,000.
- Participants have been asked not to switch between tabs, but should stay on the same browser page during the quiz to avoid disqualification.
IOTA has joined hands with the leading independent crypto data aggregator CoinGecko to present the community with a Learn and Earn Campaign.
According to the announcement shared on X, participants would be able to access a series of courses tailored for the IOTA ecosystem and its Rebased Protocol. Upon completion, there would be a quiz competition where successful individuals (2000 lucky participants selected through raffle) would be able to win a share of $20,000 worth of IOTA.
How to Participate
For those who would want to participate, CoinGecko has asked them to create an account or sign in on their platform and watch all the lessons to completion. After this, users have been asked to redeem their reward by following the instructions under the “Mission: Instructions” to unlock the quiz.
While the quiz is reported to be simple, it comes with a few instructions, like staying on the same browser page throughout and avoiding switching between tabs. Once completed, the submission will undergo verification. Participants who qualify will be drafted for a raffle draw. The IOTA team will airdrop rewards to the qualified participants within two weeks after the campaign ends on May 27, 2025.
Further reviewing the announcement, we also discovered that participants who fail to complete the task would be disqualified. According to CoinGecko, they do not allow amendments or updates after submission.
The Recent IOTA Upgrade
IOTA recently underwent a significant modification through the mainnet launch of its Rebased Protocol, as featured in our recent news coverage. Based on this, there are new capabilities which include high-speed parallel execution like 50,000 transactions per Second (TPS) and sub-500ms finality. There has also been the integration of a DAG Ledger combined with a Move Virtual Machine. Also, staking capabilities have been added with an Annual Percentage Yield of 10-15%.
To take advantage of the staking capabilities, ID.IOTA recently advised that users should stake with existing Validators to earn up to 30% APR. As detailed in our previous blog post, the thread hinted that staking with Swirlstake could enable users to obtain stIOTA in exchange. Offering this on the Virtue.Money platform could enable users to mint stablecoin vUSD.
Apart from this, IOTA has achieved a significant milestone with its two flagship projects – TWIN and Realize. While TWIN automate customs and enables trade finance, it also uses digital identities to transform supply chain goods into Non-Fungible Tokens (NFTs). As mentioned in our previous news brief, Realize also operates as a tokenised investment fund that enables holders to earn dividends while using tokens as decentralised finance collateral.
At press time, IOTA was trading at $0.24 after declining by 11% in the last 24 hours. According to our recent analysis, the asset could breach its $0.28 level in the short term to target the $0.4 zone.
