Dunamu to Hold Upclass Junior Quiz Competition for Teenagers

Dunamu, the operator of crypto exchange Upbit, said on May 25 that it will hold the Upclass Junior Quiz Competition.

Upclass Junior is a youth education project operated as part of Dunamu's financial education program, Upclass. It provides content on the basics of economics and finance, as well as digital technologies including artificial intelligence, blockchain and non-fungible tokens.

The competition is open to students from 62 schools across the country that participated in the first semester of Upclass Junior. It began on May 18 and will run for about seven weeks through July 3.

After the event ends, Dunamu will select outstanding schools by combining factors such as the number of participants from each school and average scores. Selected schools will receive an Upbit snack truck and an opportunity to make a community donation in the school's name.

The awards are divided into four categories, including the Passion Class Award for the school with the most participants, the Brain Class Award for the school with the highest average score, and the Our Neighborhood Class Award for schools with strong participation rates in the Seoul metropolitan area and in non-metropolitan regions.

Each of the four selected schools will also take part in a community donation program worth 3 million won ($2,170). Students will choose the donation recipients themselves.

In addition, 500 participating students will be selected by lottery to receive convenience store coupons worth 5,000 won ($3.62) each.

Students who want to participate can sign up on the event page of the official Upclass website and select their school. Students from other schools can also join, though they will be excluded from some event benefits.

Oh Kyung-seok, Dunamu's chief executive officer, said the company plans to continue expanding participatory content so teenagers can understand digital finance more easily and familiarly. Through Upclass, Dunamu will keep working to broaden digital finance education and help foster future generations, he added.