- weI promise this will be a short article so that you can head on over to take the quiz after reading this. Okay, no beating around the bush. Let’s dig right in.
This article will guide you through the latest CoinMarketCap’s ‘Learn Crypto. Earn Crypto.’ campaign. For this latest campaign, you get to watch 3 video clips on the Terra Luna stablecoin project. After completing the 3 short video clips, you are required to successfully complete a few questions in order to qualify for a ‘predetermined amount of tokens as a reward’. Successfully, means that all quiz questions were answered correctly. If you like a record, I suggest you can jot down your answers and compare them to the published answers once the campaign concludes. You can check the campaign’s answers here after the conclusion of the campaign. At time of writing, the page is showing the answers for the last campaign’s quiz.
How do you know if you’re able to participate? Here are two of the requirements extracted from the CoinMarketCap’s EARN FAQ page:
Users from the following countries or regions will not be able to participate in CoinMarketCap Earn campaigns: Belarus, Democratic Republic of Congo, Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
Users need to provide their Binance exchange address and memo.
For full details, you can access this FAQ page here.
After you have completed watching the 3 videos and taken the quiz, you’ll NEED to provide two additional items before the submission process is completed. You’ll need the Binance ID and also a LUNA wallet address & memo. If you do not have a Binance account, you can sign up for one here.
Log in to your Binance account and click on your profile. Your Binance ID is found on the top left of the page under your email address. It is an 8 digit number. The required LUNA wallet address and memo are also found in your Binance account.
Here’s the guide on how to get the LUNA address and memo. (make sure that you are logged in to Binance).
Once you’re logged in to Binance, click on the Wallet link.
Image (cropped) from CoinMarketCap
Type LUNA in the search box to locate the LUNA Terra coin.
Image (cropped) from CoinMarketCap
Make sure that the LUNA Terra coin is displayed under Coin heading. Click on Deposit under the Action heading.
Image (cropped) from CoinMarketCap
Once on the Deposit page, your LUNA address and memo are located on the lower left corner. Copy and paste when prompted for each at CoinMarketCap during your quiz submission. Why do you need this for the quiz submission? The reason is that CoinMarketCap will send the LUNA token rewards to this address, if you are successful in this campaign.
Image (cropped) from CoinMarketCap
Now that you have all that’s needed to participate in the campaign, I’ll save you some time in the quiz.
Assuming the questions are the same for everyone, you can use this as a guide. Let me know if you have different answers.
Q1. What Terra stablecoins exits?
- Mongolian Tögrög
- US Dollar
- IMF SDR
- Korean Won
- All of the above
Q2. Can anyone propose to mint a new stablecoin pegged to a new currency?
- Yes
- No
Q3. How many users does the Chai app have?
- 1,000,000
- 2,000,000
- 50,000
- 500,000
Q.4 Can you earn interest on your UST stablecoins using certain dApps?
- Yes
- No
Q5. How does the Anchor savings protocol give you interest?
- Yield farming
- Investment returns on protocol trading
- Block rewards from other Proof-of-Stake networks
Q.6 What can you do with LUNA?
- Vote on proposals
- Stake and get returns from block rewards
- Swap with other Terra stablecoins
- All of the above
Q7. Where does Terra rank in total accumulated transaction fees across all blockchains?
- 3rd
- 10th
- 20th
- 50th
You should receive an acknowledgement email from CoinMarketCap team after you have completed the quiz and made the submission. Enjoy the lessons and good luck!
Note: Based on the countdown ticker on the campaign page, this campaign should end at 8am (GMT) on Oct 13, 2020. Token rewards distribution takes up to two weeks from end of campaign.
Image Source: CoinMarketCap
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