An Australian University is giving ether to students

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The outfit includes the University of New South Wales (UNSW) and the startup LoyaltyX. Confirmed by the university's media office, when it was reached, the Unify Rewards program focuses on using a mobile application that can be scanned and used in stores located at the school's location near Sydney.

The program was officially launched on October 6 and is limited to 500 participants who signed up in advance. The planned passage through No. 20 (although this date may be different), this allows participants to earn $ 5 worth of ether - the ethereum network's cryptocurrency - for every ten transactions that they make through the application.

The initiative involves several university departments, including UNSW’s School of Computer Science and Engineering and the School of Business. Despite the fact that it differs in its scope, it draws attention to the efforts of the Massachusetts Institute of Technology, during which researchers distribute bitcoins for $ 500,000 for undergraduate students.

Like that undertaking, UNSW and LoyaltyX are hoping to collect data that is expected to be published later - about how those who participate in the research study behave after they begin to receive ethers.