SushiSwap is the latest Coinmarketcap Learn and Earn campaign and users who will successful respond all the questions of the quiz will receive $SUSHI tokens out of total 50,000 rewards pool, distributed on their KYC-verified Binance account. SushiSwap "Learn & Earn" Campaign will run from 2021.07.16 to 2021.07.25
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 SushiSwap?
According to CoinMarketCap, SushiSwap (SUSHI) is an automated market maker (AMM) platform that operate as decentralized exchanges using smart contracts to create markets for any given pair of tokens. An increasingly popular tool among cryptocurrency users. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens and it aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. The founders of Sushiswap are known only through their pseudonymous entities such as Chef Nomi, Sushiswap and 0xMaki, also known as just Maki.
I keep repeating 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 the SushiSwap drop as the Learn and Earn campaigns require 100% correct results so I believe whoever writes an article with his recommendations should be highly motivated and responsible providing justifications for them. Just like in the GRT Learn and Earn campaign, the lessons for the Learn and Earn SushiSwap campaign can be found on a video format with a duration approximately 1 minute each so they aren't lengthy and boring:
– Lesson 1 : Intro to DeFi with Sushi.com
– Lesson 2 : DeFi’s Answer to Revenue Sharing
– Lesson 3 : Earn Passive Income, While Offsetting Crypto Risk
– Lesson 4 : Add Liquidity and Earn $SUSHI! (An embedded interface of the SUSHISWAP platform for practise and familiarisation)
Question 1: Sushi.com helps you take advantage of your idle cryptocurrency by providing tools that earn you ____?
JUSTIFICATION: According to the transcript of the Lesson 1 : Intro to DeFi with Sushi.com on 00:07 we learn that amidst the volatility of the crypto market, you can earn interest on your assets using decentralised finance platforms like SUSHI.com.
Question 2: What do you need to unlock the power of DeFi on Sushi.com?
JUSTIFICATION: According to the transcript of the Lesson 1 : Intro to DeFi with Sushi.com on 00:45 we learn that all you need to unlock the power of DeFi on Sushi.com is a wallet with cryptocurrency tokens in it like Metamask.
Question 3: All of the transaction fees earned by Sushi are paid to whom?
JUSTIFICATION: According to the transcript of the Lesson 2 : DeFi’s Answer to Revenue Sharing on 00:11 and on 00:42 we learn that since liquidity is provided by SUSHISWAP users, all of the platform's transaction fees are paid back to them.
Since liquidity is provided by our users all of the platform's transaction fees are paid back to them. Sushi currently has hundreds of millions of dollars in daily volume with 0.25 of the transaction fees going directly to users. With only 400 million in volume that's 1 million in fees earned by users in a single day
just for providing liquidity to the network you will earn a passive income from sushi's transaction fees share in the revenue of the sushi platform
Question 4: If you want to provide liquidity to the SUSHI-WETH pair and have $100 in SUSHI tokens, what is the maximum amount of WETH you need?
JUSTIFICATION: According to the transcript of the Lesson 2 : DeFi’s Answer to Revenue Sharing on 00:34 we learn that if you own Ethereum and SUSHI tokens in a crypto wallet, it's super easy to add liquidity of equal values to the sushi network and start earning. The same happens with any liquidity pair in sushi.com. Therefore if you add $100 in SUSHI tokens in the SUSHI-WETH pair, all you need to do is to add another $100 of WETH
if you own ethereum and sushi tokens in a crypto wallet for example it's super easy to add liquidity to the sushi network and start earning simply visit sushi.com enter the app and click on liquidity to add some of your coins to the exchange by providing liquidity and equal values of your ethereum and sushi tokens just for providing liquidity to the network you will earn a passive income from sushi's transaction fees share in the revenue of the sushi platform and earn passive income today
Question 5: What do you need to do first to become a yield farmer?
JUSTIFICATION: According to the transcript of the Lesson 3 : Earn Passive Income, While Offsetting Crypto Risk on 00:00 we learn that nobody could predict that everybody would wanted to become farmers in the 21st Century by providing liquidity to DeFi platforms such as Sushi.com.
Question 6: How are you paid for being a farmer on Sushi?
JUSTIFICATION: According to the transcript of the Lesson 3 : Earn Passive Income, While Offsetting Crypto Risk on 00:12 we learn that on sushi.com users are rewarded for staking their liquidity tokens with sushi tokens.
Question 7: Becoming a farmer on Sushi has which benefits?
JUSTIFICATION: According to the transcript of the Lesson 3 : Earn Passive Income, While Offsetting Crypto Risk on 00:52 we learn that earning sushi rewards from yield farming is another way for passive income reducing at the same time the risk of HODLING crypto assets over the long term. Therefore ALL THE ABOVE is the correct answer
earning sushi rewards from yield farming is another way for you to earn more passive income on the network and decrease the risk of holding your crypto assets over the long term
Question 8: Did you start your new income stream by Adding Liquidity to Sushi?
JUSTIFICATION: this is a trivial questions and obviously both responses are valid whether you have already started your new income streamon SushiSwap or you will do so in the future according to the Lesson 4 : Add Liquidity and Earn $SUSHI!.
The last question is a promo CoinMarketCap question requesting to the participants to add SUSHISWAP 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 SUSHISWAP webpage and click on the yellow star as follows in order to add the 1INCH in the participant's public watchlist as follows:
As a result the SUSHISWAP token will be added on the participants public watchlist
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.
It should be well noted that the quiz won't request you to provide any on-chain wallet address such as Metamask as the SUSHI tokens dropped from the campaign will be provided directly to the participant's Binance spot account after providing the Binance ID at the beginning of the quiz. And as a finish of the the investigated I have found a video with Iron Chef Morimoto on how to make traditional sushi at home !!! Enjoy !
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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