Ocean Protocol Learn and Earn Binance Quiz

Ocean Protocol Learn and Earn Binance Quiz

By Feax21 | Crypto Monkey | 20 Mar 2021


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Ocean Protocol is the latest Binance Learn and Earn campaign and users who will successfully respond all the questions of the quiz will receive $20 of Ocean Protocol token out of a total Quiz Pool of $20,000 in Ocean Protocol tokens, distributed on their KYC-verified Binance account.

The Ocean Protocol

According to Bitcoin Suisse, Ocean Protocol was created in 2017 by BigChainDB founder, Bruce Pon, and AI and design expert, Trent McConaghy. Their goal was to quite a mechanism so that Big Data owners to take back control of their data from big corporations such as Microsoft, Google and Apple, and instead allow it to be shared and monetized freely on an exchange. Their aim is that Big Data REAL owners would no longer have to provide control of their data or compromise its security in order to make money from it.

Launched on November 2017, the Ocean Token is the means of exchange on the Ocean Protocol network. As a result, Big Data providers can earn Ocean Tokens as a reward for the services they have provided to the blockchain whenever their data is sold.

According to a Cointelegraph article back in October 2020, Ocean Protocol started a collaboration with Mercedes-Benz’ manufacturer, Daimler AG on July 2020. Cointelegraph also reported that the German Central Bank Bundesbank has published a notice on the Supplement to the Official Journal of the European Union that it has designated Ocean Protocol as the contractor of a decentralized blockchain project which isn't a CBSC (Central Bank Digital Currency).

A very interesting article about the Ocean Protocol and the Ocean Academy, the learning Hub of the Ocean Protocol was published few weeks ago from [Blockchain Lugano] (What is the Ocean Academy).

The Learn & Earn Campaign

Just like it happened in the 1Inch CoinmarketCap Learn and Earn campaign few weeks ago, a quick web search would result in several articles and blog posts in various blogging platforms especially in Publish0x, in Youtube or Reddit providing the "correct" answers to the quizzes or at least the recommendations from their authors about what the correct answers of the quiz should be. Even worse, the fact that all the blog posts are providing exactly the same identical answers, made me realize that everyone is copy-pasting the existing articles and therefore there is no guarantee that these are indeed the correct ones.

This youtube video is an interesting example about providing the answers of the quiz:

Another example can be found on Reddit taken from exicos.com

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Surprisingly, when i tried to follow up the potentially "correct" responses, I realized that in the google docs form of the quiz that I followed from the relevant Binance Learn and Earn Campaign webpage, the responses in the questions were different that the ones provided in the articles! 

Therefore, I have decided that the best thing to do in order to be successful in the Ocean Protocol Binance Learn and Earn Campaign is to follow the relevant chapters of the Ocean Academy that are being provided in the Binance Learn and Earn Campaign webpage and confirm the correctness of my answers in the relevant exploration quizzes instead of blindly follow the answers given in the various blogs and articles found on the web.

Learn & Earn Responses powered by Ocean Academy

Question 1:

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My answer: After reading the relevant chapter 6 of Ocean Academy and passing the relevant quiz, I came to the conclusion that the correct answer is "D - All of the above".  

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Question 2:

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My answer: I would like to stress out here that in the various articles found on the web, most of the authors provide D - All of the above as the correct answer which apparently is not correct mainly because there is no D answer on the question 2 of the quiz. At least in my Learn and Earn quiz form.
After reading the relevant chapter 12 of Ocean Academy and passing the relevant quiz, I came to the conclusion that the correct answer is "A - It provides a standard way to access, buy and sell data". 

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Question 3:

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My answer: After reading the relevant Chapter 1 of Ocean Academy and passing the relevant quiz, I came to the conclusion that the correct answer is "B - Data DeFi leverages datatokens to open up new opportunities in the DeFi space". Interestingly, in the relevant quiz of  Chapter 1 of the Ocean Academy, the correct answers are 2, however the 2nd correct statement "Datatokens are conceptually the equivalent of OAuth access tokens", isn't included in the Binance Quiz.

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Question 4:

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My answer: After reading the relevant Chapter 2 of Ocean Academy and passing the relevant quiz, I came to the conclusion that the correct answer is "E - All but C".

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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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