My Investigation on CoinMarketCap's IOTEX Learn and Earn Campaign


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IOTEX is the latest Coinmarketcap Learn and Earn campaign and participants who will successful respond all the questions of the quiz will receive 200 $IOTX tokens out of a pool of 5,000,000 IOTX tokens distributed on the participants KYC-verified Binance accounts. IOTEX "Learn & Earn" Campaign will run from 2021.07.26 (12:00 UTC) to 2021.08.08 (23:59:59 UTC) and rewards will be shared in 2 phases as follows:

1) 1,000,000 IOTX will be distributed to 5,000 winners on a first-come, first-serve basis. Complete the quiz early to guarantee your rewards!
2) 4,000,000 IOTX will be distributed randomly to 20,000 winners amongst all those that complete the quiz successfully before August 9.

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 IOTEX?

According to IOTEX CoinMarketCap's webpage, IOTEX started as an open-source project back in 2017 and it has been launched as  a decentralized backbone platform for machine economics, serving a variety of Internet connected machines ranging from smart home devices to autonomous vehicles. To this end with the contribution of a global team of over 40 research scientists and engineers, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top UP Ventures, Qevan Guo an ex Facebook engineering manager and co-founder of Hyperconnect, Xinxin Fan an ex senior research engineer at Bosch Research, and Jing Sun a managing partner at Sparkland Capital.

Again, just like did in my previous Learn and Earn articles such as the My Investigation on CoinMarketCap's 1INCH second Learn and Earn Campaign and My Investigation on CoinMarketCap's SushiSwap Learn and Earn Campaign 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. 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 IOTEX airdrop. The lessons for the Learn and Earn IOTEX campaign can be found on the following links, however the Quiz provides many answers to the questions through a "Hint Link" pointing to a relevant webpage with the answer to the corresponding question :

‍– Lesson 1 : The IoTeX Vision
– Lesson 2 : The IoTeX Platform
– Lesson 3 : The IOTX Token
– Lesson 4 : Building the Connected World

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QUESTION 1: What is the mission of IoTeX?

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JUSTIFICATION: According to the HINT LINK, the mission of the IOTEX is to "Build the Connected World". 

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QUESTION 2: What are the four core technology pillars of the IoTeX platform

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JUSTIFICATION: According to the HINT LINK, the four core technology pillars of the platform are Blockchain, Decentralized Identity, Real World Data Oracles and Secure Hardware.

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QUESTION 3: What can be done with the IOTX token?

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JUSTIFICATION: According to the Lesson 2 transcript,  IOTX can be spent to access dapps, it can be staked for network governance and it can be traded on centralized/decentralized exchanges. So the correct response is "All of the above".

 

IOTX is the native token of the IOTeX network. Being an IOTX token holder grants you voting power and allows you to participate in network governance. IOTX is a utility token that can be spent and staked to access various applications and services in the IOTeX network. Delegates stake IOTX to participate in network consensus and in IOTeX rewards. Developers utilize IOTX to power their dApps, to create new tokens and fuel crypto economics. Users spend IOTX to access dApps, register devices, and interact with the network and can also earn token rewards and voting power by staking IOTX.

 

QUESTION 4: As a result of IoTeX’s Burn-Drop tokenomics, the total supply of the IOTX token is?

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JUSTIFICATION: According to the Lesson 2 transcript, at 00:40, we learn that the total supply of the IOTX token is deflationary over time.

 

The total supply of IOTX is deflationary thanks to our burn drop tokenomics where IOTX is burned at airdrop to users after every new device is registered to the IOTeX network. As the number of dApps, devices and tokens on IOTex grows, the value and demand for IOTX will increase, providing recurring incentives for token holders to grow and maintain the network.

 

QUESTION 5: IoTeX envisions a future where users can own and control their devices, as well as the data/value they generate. What do we call our vision?

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JUSTIFICATION: According to the HINT LINK, the IOTEX Vision  is called "The Internet of Trusted Things"

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QUESTION 6: What are the first blockchain networks that IoTeX has built cross-chain bridges to?

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JUSTIFICATION: According to the HINT LINK, the first blockchain networks for the IOTeX cross-chain bridges are Ethereum, Binance Smart Chain and Polygon.

QUESTION 7: Complete all 3 required campaign steps at iotex.io/cmc and copy/paste the “CMC Earn Code” below.

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JUSTIFICATION: According to , the participant needs to complete the following 3 requirements in order to receive the "CMC Earn Code" as follows:

REQUIREMENT 1. BECOME FOLLOWER OF ONE MEDIA CHANNEL

REQUIREMENT 2. SUBSCRIBE TO NEWSLETTER

REQUIREMENT 3. DOWNLOAD IOPAY WALLET TO RECEIVE YOUR CMC REWARDS

QUESTION 8: After downloading the IoPay wallet (iopay.iotex.io), create/share your IoTeX address below to receive your rewards. (Note: cannot be an exchange address)*

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JUSTIFICATION: The last question is a promo CoinMarketCap question requesting to the participants to add IOTEX to their "Public Watchlist" and add the corresponding link on the quiz. In order to achieve that, the participant should first go to CoinMarketCap's IOTEX webpage and click on the yellow star as follows in order to add the IOTEX in the participant's public watchlist as follows: 

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As  a result the IOTEX token will be added on the participants public watchlist

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Then the participant should click on the "SHARE" button on the top of the watchlist and copy paste the watchlist's link into the quiz Question 8 field.

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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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