OP 19 December, 2022 - 10:23 PM
Hello,
Revolut, a mobile bank, recently introduced crypto and like Coinbase did, they want to educate people about the different blockchains by rewarding with small amounts of money.
To get about 10€ in crypto you just have to answer a quiz for which I will give you the answers.
First of all, sign up on revolut affiliate link (10€ extra at opening of the account with this link so 20€) non-affiliate link (no bonus, just 10€).
Then, do the KYC and finalize the registration, you can take the free card no need to pay.
Go to the crypto currencies tab and answer the questions:
Lesson 1 - Crypto vs fiat quiz answers
Question #1: What is 'fiat' money?
Answer: Government-issued money.
Question #2: What are the main differences between fiat currencies and cryptocurrencies?
Answer: Cryptocurrencies are decentralized, and a central authority controls fiat money.
Question #3: Who validates transactions on the blockchain?
Answer: Special users that are called 'miners' or validators.
Lesson 2 - Cryptography in crypto
Question #1: Why is cryptography important for cryptocurrencies?
Answer: It (cryptography) removes the need for a central authority, prevents double spending, and adds security.
Question #2: What are private and public keys for cryptocurrencies?
Answer: A public key is like your account number, and your private key is like your password.
Question #3: Which statement is true about private and public keys?
Answer: It's impossible to work out someone's private key by looking at their public key.
Lesson 3 - Basics of Blockchain
Question #1: What is a Blockchain?
Answer: A decentralized database.
Question #2: Who can view the Blockchain?
Answer: Anyone can view the Blockchain with a computer and an Internet connection.
Question #3: What makes the Blockchain different from a regular database?
Answer: It's not controlled by any central party and can be viewed by anyone.
Lesson 4 - Risks of crypto
Question #1: What regulatory protections does your crypto have?
Answer: None - crypto is not regulated in most countries worldwide.
Question #2: How much can you lose if you buy cryptocurrencies?
Answer: Everything! Your investment could go to zero.
Question #3: When would it not be suitable to buy cryptocurrencies?
Answer: When one is in debt or cannot afford to lose the money invested.
Lesson 1 - Intro to Polkadot
Question #1: What are some limitations of early blockchains like Bitcoin?
Answer: Slow transaction speeds, high fees and inability to communicate with other blockchains.
Question #2: What is Web 3.0?
Answer: A new web built around decentralized technologies, where users have more control of their data.
Question #3: How does Polkadot address some of the limitations of earlier blockchains?
Answer: Polkadot allows multiple blockchains to communicate with each other and process transactions at the same time.
Lesson 2 - How Polkadot works
Question #1: What is a relay chain?
Answer: A blockchain that connects other blockchains and allows them to communicate.
Question #2: What is a parachain?
Answer: A blockchain connects to the relay chain and operates parallel to other parachains.
Question #3: What problems do parachains and relay chains solve?
Answer: The inability of blockchains to communicate with each other.
Lesson 3 - Who decides the future of Polkadot
Question #1: Who can vote for new initiatives, i.e. Polkadot network upgrades?
Answer: People who hold Polkadot (DOT) tokens.
Question #2: What is Polkadots 'on-chain' treasury?
Answer: A container of tokens that can be used to support projects that benefit the Polkadot network.
Question #3: How does Polkadot's governance system differ from other popular blockchains?
Answer: It's governed by a community through voting.
Lesson 4 - DOT Token
Question #1: What is Polkadot's crypto token called?
Answer: DOT.
Question #2: What does 'staking' your Polkadot (DOT) tokens mean?
Answer: It helps secure the network by locking up DOT tokens in return for a reward in DOT tokens.
Question #3: What does 'bonding' your Polkadot tokens mean?
Answer: Locking up tokens to secure a slot for your para chain on the relay chain.
Lesson 5 - Polkadot and its uses
Question #1: What are some use cases of Polkadot?
Answer: NFTs, powering smart cities, DeFi, etc.
Question #2: What makes apps built on Polkadot different from the apps on your phone?
Answer: Polkadot applications don't need to rely on a middleman to work and can keep your data secure.
Question #3: How do applications on parachains communicate?
Answer: Via the Relay Chain.
Lesson 1 - Decentralized exchanges
Question #1: Who facilitates an exchange on a DEX?
Answer: No one. The exchange is made peer-to-peer.
Question #2: Which of the following is a decentralized exchange?
Answer: Uniswap.
Question #3: What does DEX stand for in crypto?
Answer: Decentralized exchange.
Lesson 2 – How does 1inch get the best prices?
LIKE this plz
Revolut, a mobile bank, recently introduced crypto and like Coinbase did, they want to educate people about the different blockchains by rewarding with small amounts of money.
To get about 10€ in crypto you just have to answer a quiz for which I will give you the answers.
First of all, sign up on revolut affiliate link (10€ extra at opening of the account with this link so 20€) non-affiliate link (no bonus, just 10€).
Then, do the KYC and finalize the registration, you can take the free card no need to pay.
Go to the crypto currencies tab and answer the questions:
Lesson 1 - Crypto vs fiat quiz answers
Question #1: What is 'fiat' money?
Answer: Government-issued money.
Question #2: What are the main differences between fiat currencies and cryptocurrencies?
Answer: Cryptocurrencies are decentralized, and a central authority controls fiat money.
Question #3: Who validates transactions on the blockchain?
Answer: Special users that are called 'miners' or validators.
Lesson 2 - Cryptography in crypto
Question #1: Why is cryptography important for cryptocurrencies?
Answer: It (cryptography) removes the need for a central authority, prevents double spending, and adds security.
Question #2: What are private and public keys for cryptocurrencies?
Answer: A public key is like your account number, and your private key is like your password.
Question #3: Which statement is true about private and public keys?
Answer: It's impossible to work out someone's private key by looking at their public key.
Lesson 3 - Basics of Blockchain
Question #1: What is a Blockchain?
Answer: A decentralized database.
Question #2: Who can view the Blockchain?
Answer: Anyone can view the Blockchain with a computer and an Internet connection.
Question #3: What makes the Blockchain different from a regular database?
Answer: It's not controlled by any central party and can be viewed by anyone.
Lesson 4 - Risks of crypto
Question #1: What regulatory protections does your crypto have?
Answer: None - crypto is not regulated in most countries worldwide.
Question #2: How much can you lose if you buy cryptocurrencies?
Answer: Everything! Your investment could go to zero.
Question #3: When would it not be suitable to buy cryptocurrencies?
Answer: When one is in debt or cannot afford to lose the money invested.
Lesson 1 - Intro to Polkadot
Question #1: What are some limitations of early blockchains like Bitcoin?
Answer: Slow transaction speeds, high fees and inability to communicate with other blockchains.
Question #2: What is Web 3.0?
Answer: A new web built around decentralized technologies, where users have more control of their data.
Question #3: How does Polkadot address some of the limitations of earlier blockchains?
Answer: Polkadot allows multiple blockchains to communicate with each other and process transactions at the same time.
Lesson 2 - How Polkadot works
Question #1: What is a relay chain?
Answer: A blockchain that connects other blockchains and allows them to communicate.
Question #2: What is a parachain?
Answer: A blockchain connects to the relay chain and operates parallel to other parachains.
Question #3: What problems do parachains and relay chains solve?
Answer: The inability of blockchains to communicate with each other.
Lesson 3 - Who decides the future of Polkadot
Question #1: Who can vote for new initiatives, i.e. Polkadot network upgrades?
Answer: People who hold Polkadot (DOT) tokens.
Question #2: What is Polkadots 'on-chain' treasury?
Answer: A container of tokens that can be used to support projects that benefit the Polkadot network.
Question #3: How does Polkadot's governance system differ from other popular blockchains?
Answer: It's governed by a community through voting.
Lesson 4 - DOT Token
Question #1: What is Polkadot's crypto token called?
Answer: DOT.
Question #2: What does 'staking' your Polkadot (DOT) tokens mean?
Answer: It helps secure the network by locking up DOT tokens in return for a reward in DOT tokens.
Question #3: What does 'bonding' your Polkadot tokens mean?
Answer: Locking up tokens to secure a slot for your para chain on the relay chain.
Lesson 5 - Polkadot and its uses
Question #1: What are some use cases of Polkadot?
Answer: NFTs, powering smart cities, DeFi, etc.
Question #2: What makes apps built on Polkadot different from the apps on your phone?
Answer: Polkadot applications don't need to rely on a middleman to work and can keep your data secure.
Question #3: How do applications on parachains communicate?
Answer: Via the Relay Chain.
Lesson 1 - Decentralized exchanges
Question #1: Who facilitates an exchange on a DEX?
Answer: No one. The exchange is made peer-to-peer.
Question #2: Which of the following is a decentralized exchange?
Answer: Uniswap.
Question #3: What does DEX stand for in crypto?
Answer: Decentralized exchange.
Lesson 2 – How does 1inch get the best prices?
- Question #1: What is the name of 1inch’s price search algorithm?
- Answer: Pathfinder.
- Answer: Pathfinder.
- Question #2: How does 1inch find the best prices?
- Answer: 1inch aggregates trade options across DEX platforms.
- Answer: 1inch aggregates trade options across DEX platforms.
- Question #3: Which of the following is not a feature of 1inch’s Pathfinder?
- Answer: Provide directions to your destination.
- Answer: Provide directions to your destination.
- Question #1: Which of the following is a characteristic of a DAO?
- Answer: Decentralised.
- Answer: Decentralised.
- Question #2: Who can vote on 1inch proposals?
- Answer: Users who stake their 1INCH tokens.
- Answer: Users who stake their 1INCH tokens.
- Question #3: What is an example of a proposal that 1inch DAO members could vote on?
- Answer: Allocating treasury funds for a particular proposal.
- Answer: Allocating treasury funds for a particular proposal.
LIKE this plz