Check For: CEX.IO Power Tap Daily Quiz 17/18 December 2024
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About CEX.IO Power Tap Daily Quiz:
The CEX.IO Power Tap is the feature of the CEX.IO platform that allows a user to take part in daily quizzes with rewards as a prize. In the quiz, participants answer questions about cryptocurrencies, blockchain, and sometimes finance in general. The right answers for the participant are rewarded: cryptocurrency, points, and other platform-specific incentives that give users an incentive to keep learning and engage with the platform.
Check For: CEX.IO Power Tap Daily Quiz 17/18 December 2024
Here are CEX.IO Power Tap Daily Quiz 15/16 December 2024:
Task: “Top Blockchains Compared: Scalability, Fees, and Use Cases“
1. What’s a common issue with Ethereum’s transaction fees?
They can be very high (gas fees)
2. What type of projects benefit most from Polygon?
Smaller projects looking for low-cost solutions
3. What is the main takeaway about choosing a blockchain?
It depends on your needs: speed, fees, or use cases
4. What’s a potential drawback of Binance Smart Chain?
Some projects on it can be less reliable
5. What’s a common criticism of Cardano?
It can be slow to roll out updates
6. What makes Solana stand out?
Lightning-fast speeds and low fees
7. What is Polygon’s main role in the blockchain ecosystem?
It helps scale Ethereum by improving efficiency.
8. How many transactions per second can Solana handle?
65,000 transactions per second
9. What is Ethereum best known for?
Versatility and a strong developer community
10. What is Binance Smart Chain (BSC) known for?
Being affordable with super low transaction fees.
11. Which blockchain is referred to as “the philosopher”?
Cardano.
12. What makes Cardano unique among blockchains?
Its careful, research-based approach
Also Check: Paws New Task “Connect Solana Wallet“
Task: “Blockchain Use Cases That Are Solving Real Problems”
1. How does blockchain improve supply chains?
It tracks products from start to finish for full transparency
2. How does blockchain help in real estate?
It stores property records digitally and securely
3. What does blockchain aim to fix in voting systems?
It makes elections secure, transparent, and efficient
4. What problem does blockchain solve in healthcare?
It securely stores and shares patient records
5. What’s one downside of traditional real estate that blockchain solves?
Complicated and paper-heavy processes
6. How does blockchain help with counterfeit medication?
It prevents fake drugs from entering the market
7. What’s an example of a product blockchain can track in the supply chain?
Organic bananas.
8. What’s the key takeaway about blockchain’s real-world use cases?
Blockchain is solving problems in multiple industries, not just crypto
9. How can blockchain help with counterfeit drugs?
By tracking medications throughout the supply chain.
10. makes blockchain voting like “online shopping for democracy”?
Votes go directly to a digital ledger and can be verified
11. How does blockchain gaming differ from traditional gaming?
Players can trade or sell tokenized in-game assets
12. What’s a benefit of using blockchain in gaming?
It allows players to truly own and trade in- game assets
Also Check: Paws New Task “Connect Solana Wallet“
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How to Access the Quiz: Quick Entry Points on CEX.IO:
1. Objectives and Purpose
- It aims to reward its user base for daily engagement in various activities on CEX.IO, thereby expanding one’s knowledge of crypto and finances.
- The quiz is a fun, gamified way to learn about blockchain technology, cryptocurrency trends, financial markets, and the features of the platform.
2. Quiz Format
- Daily Questions: A new quiz question is posted on the platform each day, usually on topics relevant to cryptocurrency, blockchain principles, or current trends in the financial ecosystem.
- Single or Multiple Choice: Questions may vary between single and multiple choice so that is fair and inclusive to either a beginner and an advanced crypto user generally.
- Timed Response: Users are forced to respond within some time bracket so that the entire thing does not drag out slowly with time.
3. Forms of Incentives
- Cryptocurrency Rewards: Such users who accurately answer their quiz may be rewarded in forms of small amounts of some cryptos like Bitcoins or Ethereums among many others.
- Incentive may be received in the form of points which can be used on the CEX.IO platform. These will give discounts on fees or exchange rates and gain access to more advanced features.
4. Daily Quiz
- Reward from Regular Participation: Regular participation within the daily quiz shall provide loyalty rewards in the form of higher account levels or chances to participate in promotions carried out on the platform.
- Exclusive Content Access: Some questions may reward with access to exclusive articles, reports, or crypto insights helpful for both investment and trading strategies.
5. Benefits of engagement and learning
- Users are pushed to be informed about recent trends in cryptocurrencies, because some questions reflect current events, new coins, or updates within the CEX.IO ecosystem.
- It is also an educational tool that provides a user with getting more insights into the crypto concepts that could be precious in the decision-making process when it comes to trading or investing.
- First-time users can become well versed in the platform features through participating in the quiz, hence lowering the conventional learning curve that typically applies when it comes to advanced financial systems.
6. How to Access the Quiz
- Platform Dashboard: The daily quiz is located on the CEX.IO platform under a specific section, which is usually accessible from the dashboard or through the rewards center.
- Mobile Application Notifications: CEX.IO may notify users of the daily quiz within their mobile application with reminders of what they stand to gain by participating.
- Daily Engagement: the daily quiz will ensure optimum use of rewards through perfect engagement. A day that is lost to the quiz can also lose rewards or cumulative bonuses.
- Reward for Referral: The bonus rewards for those referring their friends to join the quiz and participate could bring the social and networking value in CEX.IO.
- Using Hints and Platform Resources: CEX.IO occasionally provides hints, such as articles or FAQs, that assist users in answering the quiz correctly, especially about new features of the platform or industry news.
7. Why Participate?
- Learn About Cryptocurrencies: The quiz is very useful for those users who are interested in expanding their knowledge about cryptocurrencies without requiring them to sit through lengthy tutorials or courses.
- Earn and Learn: Most education programs and tools do not pay anything for learning. This allows the user to earn whilst learning through the Power Tap Daily Quiz, creating productive cycle in education and remuneration.
- Community Interactivity: By being on a daily grind, the system can help create this community among the users. Since most of the discussions regarding the topics and questions raised by the quiz and some of the answers and any news about the cryptocurrency tend to happen on social media discussion platforms.
Therefore, CEX.IO Power Tap Daily Quiz is a helpful utility for users who are both new and experienced cryptocurrency fans, adding value through rewards, education, and engagement on the CEX.IO platform.
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