Were you aware that you can obtain free cryptocurrency by merely gaining knowledge about it?
The Coinbase Quiz is a series of educational quizzes that Coinbase, a popular cryptocurrency exchange, occasionally hosts on its platform. These quizzes cover a variety of topics related to different cryptocurrencies and blockchain projects, such as Stellar, MLN, Bounce Token, Compound, Fetch.ai, NEAR, Render Network, and Auction.
To participate in these quizzes, users need to have a Coinbase account and complete a set of questions related to the featured cryptocurrency or blockchain project. The questions typically cover topics such as the history, technology, use cases, and potential future developments of the project.
The purpose of these quizzes is to educate users about different cryptocurrencies and blockchain projects and to incentivize participation by offering rewards in the form of cryptocurrency to those who answer the questions correctly. The specific rewards vary depending on the quiz and may include a small amount of the featured cryptocurrency or other prizes.
To find the answers to specific quizzes, users can search online for resources such as project whitepapers, news articles, or community forums that provide information about the project.
Additionally, Coinbase may provide some helpful hints or resources within the quiz itself to assist users in finding the correct answers but in case you wish to verify your responses, we have compiled a comprehensive inventory of Coinbase Earn quiz solutions for all ongoing promotions.
Stellar Lumens (XLM) Quiz Answers
Below are the responses to the quiz about Stellar Lumens (XLM):
- What is Stellar? Answer: It is a decentralized protocol that brings together the global financial infrastructure.
- What are Stellar Lumens (XLM) used for? Answer: Facilitating low-cost, universal payments.
- What makes Stellar different from other cryptocurrencies? Answer: Transactions are fast, affordable, and have a global reach.
- What is a use case for Stellar’s decentralized exchange? Answer: To issue, trade, and transfer tokens in a quick and efficient manner.
- How does Stellar’s consensus algorithm work? Answer: It relies on trusted nodes’ collaboration to validate transactions.
Completing all the questions will earn you $10 worth of XLM. Note that the answers to Coinbase quizzes can be modified, and it is essential to double-check the responses before submitting them.
Compound (COMP) Quiz Answers
Below are the answers to the quiz about Compound:
- What does Compound allow you to do? Answer: Earn interest on your cryptocurrency.
- What do you need to supply on Compound to earn interest? Answer: Crypto assets as collateral.
- Who governs the Compound protocol? Answer: Holders of the COMP token.
Completing all three questions correctly will earn you $9 worth of COMP. Please note that Coinbase quizzes and their questions may be subject to change over time, and it’s always recommended to verify the accuracy of the answers before submitting them.
The Graph (GRT) Quiz Answers
Below are the responses to the quiz on The Graph:
- What kind of data does The Graph allow developers to index and query? Answer: Blockchain data.
- What is the native token of The Graph network? Answer: GRT Tokens.
- Who maintains the quality of data on The Graph network? Answer: Curators.
Completing all three questions correctly will earn you $4 worth of GRT. Please note that Coinbase quizzes are subject to change, and it’s always recommended to verify the accuracy of the answers before submitting them.
Band (BAND) Quiz Answers
Below are the answers to the quiz on Band:
- What does Band bring to blockchains? Answer: Real-world data.
- What is used to bring data to blockchains on Band? Answer: Oracles.
- What can users do on Band to earn cryptocurrency rewards? Answer: Participate in staking.
Completing all three questions correctly will earn you $43 worth of BAND. However, please note that the answers to Coinbase quizzes can change over time, and it’s always recommended to verify the accuracy of the responses before submitting them.
Ample forth (FORTH) Quiz Answers
Below are the answers to the quiz about Ample forth:
- What is the unique feature of Ampleforth’s monetary policy? Answer: Rebase.
- What are the two tokens in the Ample forth protocol? Answer: AMPL and FORTH.
- How is Ample forth described in the DeFi community? Answer: A fundamental building block.
Completing all three questions correctly will earn you $3 worth of FORTH.
SKALE (SKL) Quiz Answers
Below are the answers to the quiz on SKALE:
- What type of application can run on SKALE? Answer: Any Ethereum application.
- What can you do with SKL tokens in the SKALE network? Answer: Delegate them to a validator.
- How is the SKALE network described? Answer: An internet of blockchains.
Completing all three questions correctly will earn you $3 worth of SKL. However, please note that the answers to Coinbase quizzes can change over time, and it’s always recommended to verify the accuracy of the responses before submitting them.
Polygon (MATIC) Quiz Answers
Below are the answers to the quiz about Polygon (MATIC):
- What blockchain network is Polygon built on top of? Answer: Ethereum.
- Who maintains the Polygon network? Answer: Validators.
- How is Polygon described in the blockchain community? Answer: An internet blockchains built on Ethereum.
Completing all three questions correctly will earn you $3 worth of MATIC.
BarnBridge (BOND) Quiz Answers
Below are the answers to the quiz on BarnBridge (BOND):
- What is BarnBridge? Answer: A De-Fi risk management protocol.
- What is Smart Yield? Answer: An APY risk management tool.
- What is BOND? Answer: BarnBridge’s Governance Token.
Completing all three questions correctly will earn you $3 worth of BOND.
Amp (AMP) Quiz Answers
Below are the answers to the quiz about Amp (AMP):
- What is Amp used for? Answer: As a collateral token.
- What is Instant Settlement Assurance? Answer: It’s a mechanism that allows instant and secure transactions using Amp as collateral.
- How can you earn rewards with an Amp? Answer: By staking and participating in the network’s collateralization process.
Completing all three questions correctly will earn you $3 worth of AMP.
Clover Finance (CLV) Quiz Answers
Below are the answers to the quiz about Clover Finance (CLV):
- What type of dApps can be built on Clover Finance? Answer: dApps with cross-chain compatibility.
- What is the name of Clover Finance’s wallet? Answer: Clover Finance Wallet.
- What does Clover Finance primarily focus on? Answer: DeFi.
Answering all three questions correctly will earn you a reward in CLV.
Rally (RLY) Quiz Answers
Here are the answers to the Rally (RLY) quiz:
- What is Rally? Answer: Rally is a decentralized network for launching social tokens.
- What can you pay for using RLY? Answer: Ethereum transaction fees.
- What can you not do with Rally? Answer: You cannot buy Bitcoin with RLY.
Answering all three questions correctly will earn you a reward in RLY.
Fetch.ai (FET) Quiz Answers
Here are the answers to the Fetch.ai (FET) quiz:
- What are software agents? Answer: Software agents are programs that automate tasks.
- What is FET used for? Answer: FET is used to power the Fetch.ai agent.
- In which industries can Fetch.ai’s automated interactions be applied? Answer: Fetch.ai’s automated interactions can be applied to industries such as travel and healthcare.
Answering all three questions correctly will earn you a reward in FET.
Cartesi (CTSI) Quiz Answers
Here are the answers to the Cartesi (CTS) quiz:
- What is Cartesi? Answer: Cartesi is a platform that allows developers to use mainstream software to code smart contracts.
- What technology does Cartesi use to scale computation? Answer: Cartesi uses Optimistic Rollups to scale computation.
- How can you participate in the Cartesi network? Answer: You can participate in the Cartesi network by delegating or running a node on Cartesi Explorer.
Answering all three questions correctly will earn you a reward in CTS.
Bounce Token (AUCTION) Quiz Answers
Here are the answers to the Bounce Token (AUCTION) quiz:
- What is Bounce Token (AUCTION)? Answer: Bounce Token (AUCTION) is a decentralized auction protocol.
- What can you do with Bounce Token (AUCTION)? Answer: With Bounce Token (AUCTION), you can create or participate in auctions.
- Where can you use the Bounce app? Answer: You can use the Bounce app at app. bounce. finance.
Answering all three questions correctly will earn you a reward in AUCTION.
Enzyme (MLN) Quiz Answers
Here are the answers to the Enzyme (MLN) quiz:
- What can Enzyme (MLN) help investors do? Answer: Enzyme (MLN) can help investors manage and automate their crypto investing.
- What can investors invest in using Enzyme (MLN)? Answer: With Enzyme (MLN), investors can invest in stocks, real estate, and commodities.
- What is the symbol for Enzyme? Answer: The symbol for Enzyme is MLN.
Answering all three questions correctly will earn you a reward in MLN.
Sandbox (SAND) Quiz Answers
Below are the responses to the Sandbox (SAND) quiz:
- The Sandbox ecosystem operates on a blockchain and enables users to play games and earn rewards.
- The primary payments and rewards token used within The Sandbox ecosystem is SAND.
- The goal of The Sandbox is to develop the most prominent marketplace for non-fungible tokens (NFTs).
- If you answer all three questions correctly, you will receive $3 worth of SAND.
Project Galaxy (GAL) Quiz Answers
Below are the responses to the Project Galaxy (GAL) quiz:
- Project Galaxy (GAL) facilitates the buying and selling of non-fungible tokens (NFTs).
- GAL has a strong focus on building and nurturing a vibrant community.
- Staking is a feature available within the GAL ecosystem.
- If you answer all three questions correctly, you will receive $3 worth of GAL.
NEAR Protocol (NEAR) Quiz Answers
Below are the responses to the NEAR Protocol (NEAR) quiz:
- NEAR Protocol is a blockchain that is designed to be simple, fast, secure, and environmentally friendly.
- NEAR allows users to interact with decentralized applications and participate in governance within the ecosystem.
- Users can create easy-to-remember account names using natural language, such as “Dave. near.”
- If you answer all three questions correctly, you will receive $3 worth of NEAR.
Chain (XCN) Quiz Answers
Below are the responses to the Chain (XCN) quiz:
- Chain (XCN) is a company that focuses on creating play-to-earn games.
- The total supply of XCN tokens is 10 billion.
- Chain (XCN) utilizes blockchain technology to build and enhance their products.
- If you answer all three questions correctly, you will receive $3 worth of XCN.
Please note that new Coinbase Earn quizzes are regularly added, so make sure to check back for updates.