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Cake DeFi : Learn and Earn – Bitcoin Quiz

What is Cake DeFi?

Cake DeFi is a cryptocurrency lending, staking, and liquidity mining platform. They use their own cryptocurrency called DeFiChain (DFI) for both staking and liquidity mining.

Learn and Earn

Who are eligible to participate?

Anyone can participate in the Learn and Earn program.

Users that signed up from March 29 2022 onwards will be eligible for up to $10 in crypto. Users who have answered the quiz successfully will be rewarded.

The program has three courses, as of now two are available (DeFiChain and Bitcoin) while Ethereum is upcoming.

Both courses has five easy questions, all are multiple choice type of question. Each answers are worth $1 of crypto.

To be able to access the Earn and Learn, first we must download the app and create our account. The process is so easy.

Click here to create your Cake DeFi account

By clicking the link above it will automatically add our Cake DeFi referral code: 3732184 upon signing up.

By using this referral code, you are also eligible for a $30 DFI sign-up bonus if you deposit $50+ in crypto to Cake DeFi.

Take note that KYC is necessary.

How to answer the quiz?

Home page of Cake app

After you completed the sign process, you will be redirected to the homepage, just click the Learn above and the Learn and Earn page will open.

Bitcoin Quiz

Earn $5 in BTC-DFI tokens as a reward for the quiz. Take some time to read the course, you will surely enjoy learning new things especially it is all about crypto.

For your convenience, here are the quiz answers😊

Which of the following best describes bitcoin?

Answer: A – Bitcoin is a decentralized digital currency which was created by Satoshi Nakamoto in 2008. Anyone with an Internet connection can either send or receive it as a form of payment, but it can also be used as a store of value. It is the world’s first-ever cryptocurrency.

Which of the following is the simplest way to describe how Bitcoin works?

Answer: C – The Bitcoin network allows users to send and receive bitcoins in a peer-to-peer manner and without any central authority involved. These transactions are verified by nodes and are recorded as blocks on the blockchain. Miners compete to append these blocks and are given rewards if successful.

How does blockchain technology secure bitcoin transactions?

Answer: B – Bitcoin transactions are recorded as a chain of blocks, with each block containing a collection of valid bitcoin transactions and a hash of the previous block up to the genesis block in the chain.

What is the main benefit of mining and the PoW system to the Bitcoin network?

Answer: D – PoW, alongside the chaining of blocks, makes modifications of the blockchain extremely hard – hence, making the Bitcoin network secure and less prone to malicious attacks.

Which of the following products provide long-time bitcoin investors with amazing rewards?

Answer: D – All of the above

After completed the course and answering all the quizes successfully, the reward will be sent directly to the Freezer and locked for a minimum of 1 month.

After 1 month, you can defrost the reward and apply to any products of Cake DeFi that accepts cryptocurrency reward.

Join CAKE today

DeFi Chain Quiz answers here


Published by jrms9

a crypto adventurer

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