The service was founded in 2013 & acquired by Binance<\/a> Capital Management in 2020.<\/p>\n You may register for CoinMarketCap at their official website<\/a> or download the mobile application for iOS or Android.<\/p>\n The sign-up process is easy with no KYC-related requirements. I am, personally, a fan of the mobile application.<\/p>\n To encourage readership, CoinMarketCap has initiated a daily reward system called CoinMarketCap Diamonds. To collect the diamonds, a login is required every day. The reward distribution is as follows:<\/p>\n If a user were to miss logging in and collecting the diamond reward on a particular day, the process starts over afresh. In other words, there is a penalty for not logging in on a daily basis.<\/p>\n CoinMarketCap diamonds may also be collected through their referral<\/a> program. Invite your friends to join, and you will both get 20 diamonds, as soon as they accumulate 100 diamonds.<\/p>\n Users can redeem Coin Market Diamonds for free NFTs from partner offerings. Many NFT projects utilize the platform to advertise themselves, given CoinMarketCap’s large user base.<\/p>\n This is an interesting ecosystem where:<\/p>\n Unlike projects that already have a popular following, Coin Market Cap attracts the lesser-known given their need for an audience. These include:<\/p>\n On the Rewards page, you will find a list of all offerings \u2013 available, upcoming & sold out. Each Reward has detailed guidance on how to redeem the NFT, which is reproduced below:<\/p>\n 1 \u2013 Download “Enjin Wallet” (https:\/\/enj.in\/NFT<\/a>)<\/p>\n 2 \u2013 Create “ERC-1155” Ethereum Address<\/p>\n 3 \u2013 Paste “ERC-1155” in the NFT input field<\/p>\n 4 \u2013 More Detail: https:\/\/enj.in\/z3c<\/a><\/p>\n The redeemed NFT is distributed bi-weekly to the provided Enjin wallet address.<\/p>\n Detailed guidance is available for other blockchains similar to the above on each and every NFT reward. Hence, there is no need to worry.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Let’s face it, I don’t think some of the NFTs on the platform are going to make you rich. Avatars of Elon<\/a>, Pepe the Frog<\/a>, CZ Binance<\/a> & Shiba the Dog<\/a> are just part of the whole Crypto cultural movement.<\/p>\n No wonder the platform has had thousands of avatars available for Redemption for each of the above and set Redemption at only a few hundred Diamonds.<\/p>\n Every now and then, a number of low-key projects are offered for redemption. In my opinion, these are a huge plus to being on the platform.<\/p>\n Take the example of NFT racehorses<\/a> by DERACE<\/a> which allows you to compete in play to earn horse racing on the DERACE platform & earn passive income by staking.<\/p>\n 25 NFT racehorses have been offered on the platform for redemption on two separate occasions. The price? 4,000 CoinMarketCap diamonds for each NFT.<\/p>\n Based on price data available at that time, each NFT is worth USD 200. That is impressive, for it implies the value of each CoinMarketCap diamond to be USD 0.05. By this calculation, the weekly reward is worth USD 7!<\/p>\n The aforesaid projects fit well with the next era of NFT growth being inexplicably tied to their utility within the play to earn games & metaverses.<\/p>\n So while CoinMarketCap has its share of avatars & commemorative NFTs that you can redeem, it is products like these that are a huge plus.<\/p>\nHow Can I Sign Up to CoinMarketCap?<\/h2>\n
What are CoinMarketCap Diamonds?<\/h2>\n
![\"CoinMarketCap](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/Screenshot-2022-05-08-8.23.05-PM.png?resize=800%2C409&ssl=1\")
\n
CoinMarketCap Diamonds Can be Redeemed For?<\/h2>\n
\n
Which NFT projects are available for Redemption Using CoinMarketCap Diamonds?<\/h2>\n
![\"CoinMarketCap](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/Screenshot-2022-05-08-8.25.32-PM.png?resize=800%2C542&ssl=1\")
\n
How Do You Redeem Rewards Using Your CoinMarketCap Diamonds?<\/h2>\n
CoinMarketCap Diamonds \u2013 Is it worth it?<\/h2>\n
![\"CoinMarketCap](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/Screenshot-2022-05-08-8.30.19-PM.png?resize=800%2C639&ssl=1\")
![\"CoinMarketCap](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/Screenshot-2022-05-08-8.28.40-PM.png?resize=800%2C639&ssl=1\")
![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/CoinMarketCap-Diamonds-.png?w=800&ssl=1\")
","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"![\"\"](\"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/CoinMarketCap-Diamonds-.png\")
","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":7228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[112],"tags":[214],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2022\/05\/CoinMarketCap-Diamonds-.png","acf":[],"yoast_head":"\n