Airdrop Confirmed: GammaX Exchange Testnet
Testnet information and how to potentially get their airdrop.
What is GammaX?
• GammaX exchange a protocol built on StarkEX technology
• Orderbook-based perp DEX that uses StarkEX technology
• Investors: StarkWare, KyberVentures
• Current state: closed beta
Features
• Order-book DEX model
• Referral program
• StarkEX technology is how dYdX was implemented before they moved to Cosmos
Is the token confirmed?
• Airdrop was announced
• They launched a points-based system (a pre-token program for the community)
How can you earn points?
• Entering through my ref link (200 points for both of us) Link
• Inviting others with your own referral link (200 points per person) but limited to 2 per day.
• Answering quizzes (more than 3000 points to be earned)
• Verifying Twitter account (400 points)
Learn and earn: Questions and Answers
How to Make Your First Trade – Beginner’s Guide
1. If the closing price is above the opening price of the time interval, the candle will be
-Green
2. If you want to buy an asset immediately at the current market rate, which order should you place?
-Market Order
3. When you expect the price of the underlying asset to decline in the future, you take a ____ position.
-Short
How to Make Your First Trade: Understanding Market Analysis
1. The initial security deposit traders pay to open a long or short position is called ___?
-Margin
2. A candlestick chart can help a trader understand the current and past price performance of the asset.
-True
3. Studying chart patterns is part of _____?
-Technical Analysis
Decentralized Finance Explained
1. Investors with a smaller capital can participate in DeFi by:
- Using leverage responsibly while trading
2. Decentralized exchanges are backed by?
- Audited open-source smart contracts
Crypto CEXs versus DEXs
1. What does 'Not your keys, Not your coins' mean?
-. You do not truly own your crypto
2: Proof of Reserves in DeFi is assessed via a metric called:
-Total Value Locked
3: Which three key features of a CEX and DEX does GammaX combine?
- Self-custody of assets
- Intuitive UI/UX
- Liquidity
What Is a Bear Market: Knowing Different Phases
1. Bear markets occur when prices in a market decline more than ____% for typically ___ months or more
- 20, 2
2. Capitulation happens during which phase of a bear market:
- Phase 2
3. A correction is shorter than:
- 2 months
Bear Market Trading Tips: Honing Your Analytical Skills
1. Studying market microstructure gives you insight into _________
- The internal operations of financial markets
2. Which of the following is NOT an example of Fundamental Analysis?
- Tracking transactional data on blockchains
3. Which of these is a scaling method?
- Stop loss
Bear Market Trading Tips: Changing Strategies
1. Which one of these methods is NOT a trading frequency approach?
- DCA
2. Which one of the following is NOT a change of asset class/financial instrument method?
- "Buying the dip"
3. Which of these approaches is used by traders to use market volatility to their advantage?
-Scalping
When to Enter and Exit a Crypto Trade: Strategies to Know
1. What does a lower entry and higher exit mean?
- Higher profits
2. Which strategy allows you to average your overall buying cost?
- Dollar Cost Averaging
3. _______ trails the current market price of a crypto asset?
- Trailing Stop
CLOB vs AMM-based Decentralized Exchange
1. Exchanges that only allow for immediate swaps of crypto assets are called:
-Automated Market Makers
2. In AMMs, a user swaps their coins with liquidity providers, who have staked their tokens in ______
-Liquidity Pools
3. In CLOBs, orders are matched peer-to-peer via a matching engine, which is hosted:
-on-chain
4. In a CLOB-bsed DEX, the prices are determined by the supply and demand side - the traders and ____
-Market Makers
Master Series: Unlock Your Trading Potential
1. Journaling trades helps traders:
-All of the above
2. According to Rich TL, it is important to focus on price over tools and indicators because:
-Indicators can distract a trader from the price
3. According to Thomas Thornton, Diversification means:
-Investing in different asset classes
Differentiating between a Bull Run & a Bull Trap
1. Which strategy involves buying an asset that is trending upwards and selling when the trend reverses?
-Momentum Trading
2. Which trading strategy allows traders to set a price to exit a position automatically?
-Limit Order
3. A bull trap is characterized by ___ volume
-Low
There are two more, but I did not save the answers, but you'll get there ;) Also note that the site is very slow, so you have to be patient (watch movie on second monitor or split the screen) ;)
That's it for today, If you like this type of article hit the like button and follow me for more :)
Also check up my latest article about PYME.id and how to earn tokens before it's too late! PYME AIRDROP
