Learn about 1inch & earn $5 of 1INCH tokens - CoinMarketCap Earn quiz answers

By wantumeni | wantumeni | 16 Jul 2021

1inch "Learn & Earn" Campaign will run from July 16th to July 25th.

What is 1inch?

1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.

Before taking the quiz, make sure to learn about 1inch through the 4 lessons below. Even though I provide the answers, the whole purpose is to learn something new:

How to take the quiz?

Make sure to have a CoinMarketCap account and a Binance account (KYC verified) as you will need a Binance user ID to complete the quiz. The tokens will be dropped into your $1INCH spot account.

Once you're all set, you can now take the quiz to which you will find the answers below.

To start using the 1inch dApp you have to:
Connect your crypto wallet
What asset should be in your wallet to begin swapping tokens via 1inch?
Just some ETH
What does the name of the 1inch gas token – “Chi” – initially mean?
Mysterious energy used in martial arts
What is the Latin name of the Unicorn constellation?
Monoceros
What is the role of 1inch’s Pathfinder algorithm??
Finds the best routes to swap DeFi assets
To participate in the 1inch Network’s governance process you have to:
Vote during specific annual periods
How many blockchains are currently connected to the 1inch Aggregation Protocol?
Three
Add 1inch to your public watchlist and paste the URL
(ex: https://coinmarketcap.com/watchlist/605f6a56c7173f644f765318/ )

If you successfully complete the quiz, you should receive $5 of 1INCH tokens as a reward. Note that the rewards are limited so hurry up, first come first serve!

Thanks for reading.