My Investigation on CoinMarketCap's FOC Learn and Earn Campaign

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TheFORCE.TRADE (FOC) is the latest Coinmarketcap Learn and Earn campaign and users who will successful respond all the questions of the quiz will receive 10 FOC Tokens from a pool of 100,000 tokens in a First come first first serve policy distributed on their METAMASK ERC-20 wallet. The campaign will be active from 2021.06.29 to 2021.07.08 (23:59:59 UTC)

What Is CoinMarketCap Learn and Earn?

CoinMarketCap Learn and Earn enables users to receive tokens while learning about a new cryptocurrency project. Each user needs to watch a series of educational videos about a crypto project and complete a quiz consisting of several questions about the project's basic information. There main challenge of the quiz is that the user needs to answer ALL questions correctly, otherwise no reward is provided.

It should be also noted that the content provided on CoinMarketCap Learn and Earn doesn't mean to provide any financial or investment advice from the platform and it serves purely as educational content for the CoinMarketCap users.

What Is TheFORCE.TRADE?

TheForce.Trade is a DeFi and NFT Value-Adding Platform that utilises community-elected tools and smart contracts to unlock the full value of DeFi and NFT assets. It is designed to solve the difficulties of DeFi and NFT investors in collecting and analysing information on different projects and mining pools.

Again, just like did in my previous Learn and Earn articles such as the My Investigation on CoinMarketCap's 1INCH Learn and Earn Campaign and Ocean Protocol Learn and Earn BINANCE Quiz I have decided to do my own research and find the correct answers and the arguments behind them instead of blindly following up the limited blog posts that provided them. In fact I have already found 2 Youtube videos with different answers to the questions without justifying their responses as follows:

 

I repeat that even 1 wrong answer either on purpose or by wrong judgement is enough to destroy someone's hopes of the CoinmarketCap Learn and earn REVV airdrop. The lessons for the Learn and Earn REVV campaign can be found here:

  • – Lesson 1 : What is TheForce.Trade?
  • – Lesson 2 : How to make easy passive income from TheForce.Trade DeFi?
  • – Lesson 3 : What's so special about TheForce.Trade NFT Platform?

Question 1: What are the Services that Theforce.Trade provides?

JUSTIFICATION: What we read on Lesson 1 : What is TheForce.Trade? is that the platform combines a variety of add0value services such as a DeFi Yield Optimiser, an NFT Platform and that LaunchPad is on developping stage. Therefore, the ALL OF THE ABOVE appears to be the more correct answer.

The Platform creates values by presenting users with tools and data they need to maximise their returns on DeFi yield farming and to unlock liquidity and valuation on NFTs collections while allowing them to track and control relevant risks.

More specifically, the platform offers tools and services including Zero-Fee Auto Compounding Farming, Community-Voted Pools, Wallet Allowance Checker, Impermanent Loss Calculator, History Yield Graph, NFT Mystery Boxes, NFT staking, NFT lending etc. (more to be developed soon). These functions are organically associated through our governance token FOC.

The Platform is also developing a NFT-Based Launchpad that will connect new projects to early stage investors.

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Question 2: What is the token symbol of TheForce.Trade platform tokens?

JUSTIFICATION: From the relevant CoinMarketCap page about the  TheFORCE.TRADE it is obvious that the token sympol is FOC.

Question 3: What type of NFT can be traded on TheForce NFT Platform?

JUSTIFICATION: What we read on Lesson 3 : What's so special about TheForce.Trade NFT Platform? is that the platform offer tokenisation services for game developers and TV/Film owners so the correct answer is ALL OF ABOVE

What’s so special about TheForce.Trade NFT Platform?

We offer entertainment specific tokenisation services for game developers and TV/Film Content owners so that they can use blockchain to preserve those digital/virtual assets. Our platform also allows users to list, trade, stake, lend, and show off their NFTs

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Question 4: What are the scenarios where you can use FOC token?

JUSTIFICATION: What we read on Lesson 1 : What is TheForce.Trade? is that with FOC you can either Vote for Governance, Stake and Yield Farming and Purchase NFT on TheFORCE.Trade NFT App so the correct answer is ALL OF ABOVE.

With FOC you can do the following:

Vote to decide how we distribute community rewards from time to time

Stake FOC to earn more FOC in our farms and pools

Hold FOC to earn surprising airdrops from our partners (in the form of other tokens)

Participate in our launchpad projects

Exchange FOC for in-game items for games we are about to launch (details coming soon)

Purchase NFTs from our NFT platform

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Question 5: What will you be able to do with the NFTs that you bought from TheForce.Trade?

ANSWER 1: All of Above

ANSWER 2: Stake and Yield Farming

JUSTIFICATION: From my personal view, this is  a very tricky and confusing question especially since I have found 2 Youtube videos that provide different answers to this question. What we read in Lesson 3: What's so special about TheForce.Trade NFT Platform? is that NFTS from Game Developers and TV/Film Content, on TheFORCE.TRADE can be listed, traded, staked OR LENT to create more value for the holders. So although The 3rs answer Participating in a LaunchPad is wrong and it is only valid for the FOC Tokens. Therefore ANSWER 2 STAKE AND YIELD FARMING appears to be more correct than ANSWER 1: ALL OF THE ABOVE. To be honest, I am afraid I have used the ANSWER 1 although I am not sure 100%

So we set out to build an entertainment specific platform with the following vision:

We will help game developers and TV/Film Content owners to tokenise their game assets or TV/Film contents on blockchain

Those NFTs can be listed, traded, staked or lent out to create more value for the holders

Our users will be able to access a wide range of on-chain games through our platform

FOC tokens will be used to purchase NFTs or in-game items in all the games

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Question 6: What chain was TheForce.Trade initially launched on?

JUSTIFICATION: From what we read on Lesson 1 : What is TheForce.Trade? the platform is still developing its core functionalities on Binance Smart Chain and soon it will be expanded on other blockchains.

Our Milestones to date

Although some of our planned functionalities are still in development, we have achieved a lot since we went on line on May 12th. Here’s a brief summary:

We have successfully launched IDOs with four platforms, namely DuckDao, BSCPad, Launchzone, and Bondly Finance

Our project was featured in many main-stream media including Yahoo FinanceCointelegraphBTC PeersEntrepreneurHacker Noon, and Market Watch.

FOC token was mentioned in a Bitcoinist report as one of the best tokens worth buying when the market is down.

We partnered with KAKA NFT World and successfully sold 500 licensed NFT Mystery Boxes within minutes. The total proceeds, about $250K FOC tokens, have been transferred into a Secure Asset Fund for Users (SAFU) that will be used as our community insurance fund.

We have recently partnered with DeFina Finance who will soon launch an original NFT game with impeccable graphics .

We are still developing our core functionalities on Binance Smart Chain (BSC), and will soon expand to other blockchains like Ethereum, HECO, Polygon and more (depending on Community Voting results).

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For the airdrop of your BEP-20 FOC token It is recommended to use your personal dAPP wallet address such as Metamask and NOT your Crypto-Exchange BEP-20 Spot account address. FOC's token contract address can be found at CoinMarketCap website

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions

 

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