Robinhood Crypto Trivia Airdrops $2M in Bitcoin

Who is Satoshi Nakamoto? What is Nvidia’s stock ticker? Can you explain the difference between proof-of-stake and proof-of-work? If you can answer these questions in under ten seconds, you’d do great in Robinhood’s crypto trivia.

On Wednesday, the stock trading app launched their first round of live trivia. Hosted by the gangly Scott Rogowsky of HQ Trivia notoriety, Robinhood put up $1,000,000 worth of BTC to split among the winners. Twelve questions, ten seconds to answer each one.

The trivia itself was mostly centered around cryptocurrency, trending stocks, and finance in general. Nearly 400,000 people competed during this first round, and just 612 would get everything correct and score their share of the grand prize.

That would pencil out to about $1,600 per winner. With Bitcoin down nearly $15,000 from where it started the year, it might be wise to hold onto those winnings for a bit and wait for a jump in the price.

But the fun didn’t stop there. On Thursday, Robinhood Gold members would have access to another exclusive round of trivia. The stakes were the same and the questions similar, although the $5 entry fee cut the field of competition down to under 200,000 players.

And fifteen minutes later 754 had won $1,300 in BTC for answering questions like “What is the chemical symbol for gold?” and “Who regulates the stock market?” (Au and the SEC, if you’re playing at home.) Even if you didn’t win, everyone who played qualified for a DOGE reward worth around $2.

The trivia was a pretty massive success for everyone involved. Winners scored easy money, Scott Rogowsky got a job, and Robinhood captured millions of eyes as their trivia competitions went viral on social media.

Like any company with a competent marketing department, Robinhood is parleying that attention into something bigger. Immediately after the second trivia round, they announced Robinhood Gold Month.

Three new promotions will be launching every Friday exclusively for Robinhood Gold members. The first kicked off yesterday, and will be running until the 21st. For every dollar you add to your Robinhood Gold account, you’ll gain an entry to win one of 1,000 solid gold bars.

The cash has to be added to your account between March 7 and March 31, but you do not need to invest it. If you’re already a Robinhood Gold member, parking a few bucks in your brokerage will give you a (slim) chance to win one of these gold bars.

Make sure you check out the official terms here if you’re interested. Withdrawing cash from your account will cause you to lose entries, and transacting crypto or stock off of Robinhood will instantly disqualify you from winning. Winners will be announced on April 21.

And if you’re announced as a winner, don’t get too excited. Robinhood is being a little tricky with their wording when it comes to the prizes. While it’s true they’ll be giving away 1,000 gold bars, 999 of them of will be 2.5 gram bars, worth around $288. Only one Grand Prize winner will receive a one kilogram bar valued at nearly $100,000.

Sure, gold bars and stocks and smart investing are cool and all, but about the trivia? That’s what got everyone’s attention in the first place. Is Robinhood planning a third round of trivia?

We have no idea. The idea is certainly popular with players, but it’s looking more like Robinhood is happy with the amount of BTC they’ve already paid out relative to the attention it’s gotten them. No further trivia has been confirmed, or even hinted at.

Still, you’d have to think that they’re considering it. These first two rounds of trivia likely exceeded Robinhood’s expectations by pulling nearly 600,000 players for a total of thirty minutes. It’s possible that they’ll tap Rogowsky for a third round of questions and answers before Robinhood Gold Month ends.

But that’s just speculation. If you want to stay updated on further news from Robinhood, profitable products and crypto news, make sure you’re subscribed to our newsletter. We’re hard at work bringing the most profitable information right to your inbox, so throw us a bone and click that “Subscribe” button.