Coinbase Earn Quiz Answers 2022

Coinbase Earn Quiz Answers: Earn Free Crypto (August 2022)

Coinbase provides users with a great opportunity to earn free crypto whilst learning about different cryptocurrencies with their Coinbase Earn feature. This guide will provide you with all the Coinbase Earn Quiz Answers for 2022.

So, let’s dive into this Coinbase guide, where we provide you with everything you need to answer the Coinbase Earn Quiz questions for 2022.

Coinbase Earn Quiz Answers for August 2022

This guide will provide you with all the answers to the Coinbase Earn Quiz Questions for 2022. If you don’t find the answer you are looking for, please feel free to get in touch and let us know. Good luck!

If you’re new to Coinbase, you can earn a $10 Bitcoin bonus when you sign-up using our exclusive referral link.

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Coinbase Earn Loopring (LRC) Quiz Answers

Here are the answers to the Loopring Token (LRC) quiz:

  • Question 1: What is Loopring?
  • Answer 1: An Ethereum scaling protocol
  • Question 2: What is NOT a benefit of using Loopring?
  • Answer 2: Requires a traditional bank account
  • Question 3: What is LRC?
  • Answer 2: Loopring’s governance token

Coinbase Earn Bounce (AUCTION) Quiz Answers

Here are the answers to the Bounce Token (AUCTION) quiz:

  • Question 1: What is Bounce?
  • Answer 1: A decentralized auction protocol
  • Question 2: How can you use Bounce?
  • Answer 2: Create or participate in auctions
  • Question 3: Where can you use the Bounce App?
  • Answer 3: app.bounce.finance

Coinbase Earn Cartesi (CTSI) Quiz Answers

Here are the answers to the Cartesi Token (CTSI) quiz:

  • Question 1: What does Cartesi Enable?
  • Answer 1: For developers to use mainstream software to code smart contracts.
  • Question 2: What’s Cartesi’s innovative scaling technique for blockchains called?
  • Answer 2: Optimistic Rollups
  • Question 3: How can CTSI holders stake?
  • Answer 3: Delegating or running a node on Cartesi Explorer

Coinbase Earn ANKR (ANKR) Quiz Answers

Here are the answers to the ANKR Token (ANKR) quiz:

  • Question 1: What does the Ankr platform NOT provide?
  • Answer 1: Integration with traditional banks
  • Question 2: What CAN’T you do with the ANKR token?
  • Answer 2: Send wire transfers
  • Question 3: What can Ankr users look forward to in the future?
  • Answer 3: Earning rewards with advanced DeFi strategies

Coinbase Earn Rally (RLY) Quiz Answers

Here are the answers to the Rally Token (RLY) quiz:

  • Question 1: What is Rally?
  • Answer 1: A decentralized network for launching social tokens
  • Question 2: Which one of these is not a use of RLY?
  • Answer 2: Paying Ethereum Transaction fees
  • Question 3: Which of these below is NOT how Val’s fans use ValCoin?
  • Answer 3: Buying Bitcoin

Coinbase Earn Fetch.ai (FET) Quiz Answers

Here are the answers to the Fetch.ai Token (FET) quiz:

  • Question 1: What can people create with Fetch.ai?
  • Answer 1: Software agents that automate tasks
  • Question 2: What’s one role of the FET token?
  • Answer 2: To power Fetch.ai agents
  • Question 3: What does Fetch.ai plan to support in the future?
  • Answer 3: Automated interactions with industries like travel and healthcare

Coinbase Earn Balancer (BAL) Quiz Answers

Here are the answers to the Balancer Token (BAL) quiz:

  • Question 1: What can you do with Balancer?
  • Answer 1: Trade crypto and invest via Balancer pools
  • Question 2:: What are Balancer pools?
  • Answer 2: Self-balancing crypto portfolios
  • Question 3: What is BAL?
  • Answer 3: Balancer’s governance token

Coinbase Earn Clover Finance (CLV) Quiz Answers

Here are the answers to the Clover Finance Token (CLV) quiz:

  • Question 1: What can developers build with clover finance?
  • Answer 1: dApps with cross-chain compatibility
  • Question 2: What can you use to interact with dApps?
  • Answer 2: Clover finance wallet
  • Question 3: Clover finance wants to increase the usefulness and accessibility of?
  • Answer 3: DeFi

Coinbase Earn The Graph (GRT) Quiz Answers

Here are the answers to the The Graph Token (GRT) quiz:

  • Question 1: What information is indexed by The Graph?
  • Answer 1: Blockchain Data
  • Question 2: What do you earn for delegating GRT to an Indexer?
  • Answer 2: GRT tokens
  • Question 3: Who identifies high-quality, useful data on The Graph?
  • Answer 3: Curators
  • Question 4: What’s the best way to earn GRT Rewards?
  • Answer 4: Delegate GRT to a high-quality indexer

Coinbase Earn BarnBridge (BOND) Quiz Answers

Here are the answers to the BarnBridge Token (BOND) quiz:

  • Question 1: What is BarnBridge?
  • Answer 1: A DeFi risk management protocol
  • Question 2: What is SMART Yield?
  • Answer 2: An APY risk management tool
  • Question 3: What is the $BOND token?
  • Answer 3: BarnBridge’s governance token

Coinbase Earn Amp (AMP) Quiz Answers

Here are the answers to the AMP Token (AMP) quiz:

  • Question 1: What is Amp?
  • Answer 1: A collateral token
  • Question 2: How is Amp used on Flexa today?
  • Answer 2: Instant settlement assurance
  • Question 3: What can you earn by staking Amp on Flexa?
  • Answer 3: AMP rewards

Coinbase Earn Polygon (MATIC) Quiz Answers

Here are the answers to the Polygon Token (MATIC) quiz:

  • Question 1: What blockchain is Polygon helping to scale?
  • Answer 1: Ethereum
  • Question 2: Who runs Polygon network?
  • Answer 2: Polygon Validators
  • Question 3: What is Polygon building?
  • Answer 3: An internet of blockchains on Ethereum

Coinbase Earn Skale (SKL) Quiz Answers

Here are the answers to the Skale Token (SKL) quiz:

  • Question 1: Who can deploy a blockchain with SKALE?
  • Answer 1: Any Ethereum application
  • Question 2: How can SKL holders receive rewards?
  • Answer 2: Delegate SKL to a validator
  • Question 3: The SKALE network is built to support
  • Answer 3: An internet of blockchains

Coinbase Earn Ampleforth (AMPL) Quiz Answers

Here are the answers to the Ampleforth Token (AMPL) quiz:

  • Question 1: What are Ampleforth’s automatic supply changes called?
  • Answer 1: Rebases
  • Question 2: What two tokens give the community control over the Ampleforth protocol?
  • Answer 2: AMPL and FORTH
  • Question 3: Ampleforth is a censorship-resistant that rebases once a day.
  • Answer 3: DeFi building block

Coinbase Earn UMA (UMA) Quiz Answers

Here are the answers to the UMA Token (UMA) quiz:

  • Question 1: UMA lets developers create what type of financial product?
  • Answer 1: Derivatives
  • Question 2: Which network participants help UMA solve the oracle problem?
  • Answer 2: Liquidators and disputers
  • Question 3: Which of these can be used to create a derivative on UMA?
  • Answer 3: All of these answers are correct!

Coinbase Earn Stellar Quiz (XLM) Answers

Here are the answers to the Stellar Token (XLM) quiz:

  • Question 1: What is Stellar?
  • Answer 1: A decentralized protocol that unites the world’s financial infrastructure
  • Question 2: What are Stellar Lumens (XLM) used for?
  • Answer 2: Facilitating low-cost, universal payments
  • Question 3: Why is Stellar good for sending remittances?
  • Answer 3: Transactions are fast, inexpensive, and global
  • Question 4: Why would banks and businesses use Stellar?
  • Answer 4: To issue, exchange, and transfer tokens quickly and efficiently
  • Question 5: How does Stellar’s Consensus Protocol work?
  • Answer 5: It relies on the cooperation of trusted nodes to confirm transactions

Coinbase Earn Numeraire (NMR) Quiz Answers

Here are the answers to the Numeraire Token (NMR) quiz:

  • Question 1: Who submits predictions to Numerai?
  • Answer 1: A global community of data scientists
  • Question 2: Why do data scientists stake NMR tokens?
  • Answer 2: To back up predictions and earn rewards
  • Question 3: What do data scientists pay to obtain Numerai’s financial data?
  • Answer 3: Nothing

Coinbase Earn Celo (CELO) Quiz Answers

Here are the answers to the Celo Token (CELO) quiz:

  • Question 1: How does Celo give greater access to financial tools?
  • Answer 1: By making crypto accessible on mobile phones
  • Question 2: What are 3 things Celo is used for?
  • Answer 2: Staking, governance, and stability
  • Question 3: What’s one way to send a Celo Dollar?
  • Answer 3: Using the Valora Mobile App

Coinbase Earn Compound Finance (COMP) Quiz Answers

Here are the answers to the Compound Finance Token (COMP) quiz:

  • Question 1: What is a key benefit of using Compound?
  • Answer 1: Earning Interest on your Crypto.
  • Question 2: What do you need to do to borrow crypto with Compound?
  • Answer 2: Supply a Crypto asset as collateral.
  • Question 3: Who gets to decide the future of the Compound protocol?
  • Answer 3: COMP token holders

Coinbase Earn NuCypher (NU) Quiz Answers

Here are the answers to the NuCypher Token (NU) quiz:

  • Question 1: What does NuCypher provide to users and apps?
  • Answer 2: End-to-end encryption
  • Question 2: What does NuCypher use to protect your data?
  • Answer 2: Independent nodes to perform tasks
  • Question 3: Which of these is NOT a use of the NU token?
  • Answer 3: Paying Ethereum transaction fees

Coinbase Earn Enzyme (MLN) Quiz Answers

Here are the answers to the Enzyme Token (MLN) quiz:

  • Question 1: What can investors do with Enzyme?
  • Answer 1: Manage and automate their crypto investing
  • Question 2: What CAN’T you do with an Enzyme vault?
  • Answer 2: Invest in stocks, real estate, and commodities
  • Question 3: Vault fees on Enzyme must be paid in what asset?
  • Answer 3: MLN

Coinbase Earn IoTeX (IOTX) Quiz Answers

Here are the answers to the IoTeX Token (IOTX) quiz:

  • Question 1: About how many smart devices are active today?
  • Answer 1: 35 billion
  • Question 2: How can you earn crypto with IoTeX?
  • Answer 2: Generating data with smart devices
  • Question 3: What devices does IoTeX offer for sale?
  • Answer 3: UCam security camera and Pebble data tracker

Coinbase Earn USD Coin (USDC) Quiz Answers

Here are the answers to the USD Coin Token (USDC) quiz:

  • Question 1: Which is not a requirement for a strong password?
  • Answer 1: Memorable (easy to remember)
  • Question 2: Which is not a form of 2-step verification?
  • Answer 2: 1Password
  • Question 3: Which of the following should you never share?
  • Answer 3: Your seed phrase
  • Question 4: Which checks should you perform periodically to keep your account secure?
  • Answer 4: Check devices with access to your account

Coinbase Earn JasmyCoin (JASMY) Quiz Answers

Here are the answers to the JasmyCoin Token (JASMY) quiz:

  • Question 1: What is the Jasmy token used for?
  • Answer 1: To access datasets on the Jasmy marketplace
  • Question 2: What does the Jasmy platform allow users to do?
  • Answer 2: Protect and take ownership of their data.
  • Question 3: Which region does Jasmy currently focus on?
  • Answer 3: Asia

Coinbase Earn Cryptex Finance (CTX) Quiz Answers

Here are the answers to the Cryptex Finance Token (CTX) quiz:

  • Question 1: What is Cryptex Finance?
  • Answer 1: A DAO providing decentralized products for crypto users
  • Question 2:What is the CTX token?
    Answer 2: An ERC-20 governance token that powers and secures the cryptex protocol
  • Question 3: What is the future of cryptex?
  • Answer 3: A complete lineup of fully decentralized Cryptex tokens all governed by CTX

Coinbase Earn Quant (QNT) Quiz Answers

Here are the answers to the Quant Token (QNT) quiz:

  • Question 1: What is the name of Quant’s integration framework?
  • Answer 1: Overledger OS
  • Question 2: What does OVN stand for?
  • Answer 2: Overledger Network
  • Question 3: Wheat does OVN do?
  • Answer 3: All of the above

Coinbase Earn iExec (RLC) Quiz Answers

Here are the answers to the iExec Token (RLC) quiz:

  • Question 1: What are the main benefits of iExec’s marketplace?
  • Answer 1: All of the above
  • Question 2: What is the RLC token used for?
  • Answer 2: All of the above
  • Question 3: What is the oracle factory?
  • Answer 3: A tool to facilitate the creation of oracles

Coinbase Earn Render (RNDR) Quiz Answers

Here are the answers to the Render Token (RNDR) quiz:

  • Question 1: What is the Render Network?
  • Answer 1: A decentralized GPU rendering marketplace
  • Question 2: How do users earn RNDR?
  • Answer 2: Rendering 3D artwork
  • Question 3: What is next on the Render network’s product roadmap?
  • Answer 3: Monetization of 3D objects and environments

Coinbase Earn FAQs

How Does Coinbase Earn work?
What is Coinbase Earn?

Coinbase Earn is an incentive to expose its users to a wider range of crypto projects and tokens. Coinbase does this by giving away free crypto to eligible users for simply learning about a token (or a project) via a series of videos or lessons.

How does Coinbase Earn work?

After watching a series of lessons, you will receive a simple, multiple-choice quiz, testing your knowledge. Once you’ve answered the Coinbase Earn Quiz correctly, you’ll receive crypto in your Coinbase.com wallet. The quiz can be taken as many times as you need to pass.

This is a great opportunity for those looking to diversify their crypto portfolio, get a better understanding of cryptocurrencies, or get into alt-coins that might possibly x100 without having to deposit or spend any money.

Is Coinbase Earn available worldwide?

Unfortunately, the Coinbase Earn feature isn’t supported in all countries. You may find the tokens available are limited in your location, and you may have to join a waiting list.

You will also need to complete Coinbase verification before you will be able to participate in Coinbase Earn.

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“Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk; cryptocurrency may gain in value or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.” 

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