Plasmafinance is the latest Coinmarketcap Learn and Earn campaign and users who will successful respond all the questions of the quiz will receive 5$ worth of PlasmaFinance PPAY Token in a First come first first serve policy distributed on their PlasmaFinance wallet.
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 PlasmaFinance?
PlasmaFinance is a DeFi dashboard that aggregates the most popular decentralized finance protocols from multiple blockchains. The PlasmaFinance platform provides the industry’s most robust analytics, easy-to-use tools and access to the most profitable DeFi yields across any protocol.
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 reasearch and find the correct answers and the arguments behind them instead of blindly following up the limited blog posts that provided them. 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 PlasmaFinance airdrop.
Question 1: PlasmaFinance is the one-stop-shop for all your DeFi needs. Which of the following can you do with PlasmaFinance?
Today, the most popular DeFi platforms use their tokens as a way to further promote their platform, while giving additional ways for their supporters and users to earn further revenue. We’ll use the examples of DEX tokens here, like Uniswaps’s UNI, PancakeSwap’s CAKE, and PlasmaFinance’s PPAY tokens.
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Question 2: Modern decentralized exchanges (DEXs) use an automated protocol whereby independent users can add their crypto assets to a common pool and earn a portion of all fees generated when others swap assets using this pool. PlasmaFinance lets users view all of these pools across all major DEXs so they can choose the most profitable ones. What is this passive income-earning DeFi activity commonly called?
Justification: This is another tricky question as someone might opt for the Yield Farming answer. However, the term clearly used on the Lesson 2 Make Passive Income with DeFi,is Liquidity Mining, making it the correct answer.
1. Liquidity Mining: find the best opportunities instantly
One of the most popular DeFi activities today is called Liquidity Mining. You may also have heard of users calling themselves Liquidity Providers (LPs), using LP tokens to earn high APYs (Annual Percentage Yield). This is probably the most active sector within DeFi, as the most popular DEXs out there like Uniswap and SushiSwap (and our own PlasmaSwap) are all Automated Market Maker (AMM) DEXs that center trading activity around Liquidity Pools.
To incentivize people to provide their idle crypto assets to these liquidity pools, they share a portion of the fees or commissions made on every swap in that pool, thereby returning consistent passive income to people willing to provide liquidity to DEXs. PlasmaFinance makes it so easy to earn from liquidity mining -- the process by which users add their crypto capital to a common pool and earn a portion of all fees generated.
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Question 3: PlasmaFinance incorporates a suite of DeFi products including its own PlasmaSwap DEX, advanced trading and gas optimization tools, fiat on/off ramp for DeFi as well as an IDO launchpad, SpacePort
Justification: I think this is a typical anti-paradigm question. Obviously, the writer wanted to emphasize here the difference that fake data, manipulated statistics and bot numbers are used in centralised data sources in contrast with PlasmaFinance. Moreover, on Lesson 1 PlasmaFinance: Experience DeFi that’s easy, convenient, and safe. someone can read the following:
The flagship PlasmaFinance all-in-one DeFi aggregator has its own native decentralized exchange (DEX) called PlasmaSwap but also connects to the most popular DeFi protocols like Uniswap and SushiSwap, with future plans to integrate those from different blockchains like Binance Smart Chain. This allows users the freedom to view, analyze and use from all networks and protocols simultaneously in one clutter-free app. It also prevents you from ever mistakenly accessing fake platforms and scam apps, as PlasmaFinance will only ever connect to the actual DEXs.
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Question 3: When providing liquidity on DEXs, DeFi users must provide liquidity in a pair of assets. Retrieving and moving this liquidity from one liquidity pool to another involves at least 4 separate transactions. How many transactions do you need to perform on PlasmaFinance using the Flash Rebalancer tool?
Justification: On Lesson 3 PlasmaSwap: Trade assets and manage liquidity like a pro someone can read about PlasmaSwap's flash Rebalancer Tool as follows:
PlasmaSwap’s Flash Rebalancer (as shown in the image above), is a tool used to move liquidity pairs from one pool to another -- across any supported protocol -- in one single transaction instead of the minimum of four.
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Question 4: Which of the following is a unique feature of PlasmaSwap, which most DEXs are unable to offer to their users?
Justification: In Lesson 1 PlasmaFinance: Experience DeFi that’s easy, convenient, and safe. someone can read main attributes of PlasmaFinance as follows:
- Makes it easy to navigate DeFi, giving you all available channels in one place.
- Lets you buy and sell crypto with card or bank account.
- Helps you manage your portfolio and assets safely in a hassle-free environment.
- Gives you transparent, real-time analytics that helps you learn about and assess DeFi projects and opportunities to make the most-informed decisions.
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Question 5: What is the abbreviation of PlasmaFinance’s native token that allows you to
Justification: It is clear from Lesson 2 Make Passive Income with DeFi that the abbreviation of PlasmaFinance's native token is PPAY.
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The quiz finishes by asking to provide Plasma Finance ERC-20 Wallet.
I wouldn't recommend to provide any crypto-exchange ERC-20 address, but in the platform, a user can choose a variety of wallets to connect such as the PlasmaFinance's native Wallet, METAMASK (which is my favorite and easier to use), TrustWallet, WalletConnect, COINBASE Wallet or Crypto.com. Personally i used my Metamask address.
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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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