Airdrop Alert: BitDegree

New Airdrop: BitDegree

Reward: $500,000 NFT & Token

Distribution date: February 28th

• Airdrop Link: https://stude.co/a/Vkv6yYMp5zTgFBVd

1. Connect your new BSC address
2. First click on Web3 Exam Starter: https://www.bitdegree.org/guilds/bitdegree/web3-exam-starter
3. Also try to get more points to get more rewards

Answers:

Web3 Exam Starter Quiz:

Q: Which of these are features of crypto? Pick'em all!
A: Encrypted, Global

Q: What is the primary purpose of crypto mining? To...
A: Confirm & verify transactions

Q: Rank the cryptos in order of when they were created, from the first (top) to the last (bottom).
A: Bitcoin, Litecoin, Ethereum, IOTA

Q: Fill in the missing word: "Whoever has the ... key owns the cryptocurrency, so don’t lose your wallets!"
A: private

Q: Which of the following statements are true? Pick'em all!
A: Crypto is Peer-to-Peer, Crypto is decentralized

Q: What makes cryptos different from real-world fiat money?
A: Cryptos are decentralized

Q: How many BTC did Satoshi Nakamoto send to Hal Finney on January 12, 2009?
A: 10

Q: Which crypto doesn't have a blockchain?
A: IOTA

Q: Fill in the missing word: "IOTA isn’t even designed to be used by humans! It’s designed for the ... of Things (IoT)"
A: internet

Q: Rank the BTC transferring process, from the first action (top) to the last (bottom).
A: Start the sending process, Miners encrypt info, A block is formed, Miners guess block hash, Nodes verify transaction info, Receive BTC.

Note: Drag the boxes and put them in the right order. Try clicking, holding and dragging.

Chapter 2:

Q: Which of the following statements best reflects the nature of BTC?
A: Bitcoin is decentralized

Q: Rank the following events related to Bitcoin in chronological order, from the earliest (top) to the latest (bottom).
A: Creation of the Bitcoin Whitepaper, Launch of Bitcoin, Bitcoin Pizza day, $400 billion market cap

Q: Which of the following statements is true regarding the Genesis Block?
A: It contains a hidden message

Q: What was the hidden message in the BTC Genesis block?
A: "The Times" headline

Q: Which person is speculated to be one of the largest holders of Bitcoin?
A: Satoshi Nakamoto

Q: Which of the following are characteristics of Bitcoin? Pick'em all!
A: Anonymity preservation, Transparency

Q: How many Bitcoins were used to purchase two Papa John's pizzas?
A: 10000

Q: What is the primary goal of Bitcoin?
A: Decentralization of money

Q: Which company is considered to be the largest Bitcoin whale? A: MicroStrategy Q: What year was Bitcoin created in?
A: 2009

Chapter 3:

Q: What was Bitcoin's price on 05/14/2023?
A: $26,813.25

Q: Is there a BitDegree Social Signal tracker for Bitcoin?
A: Yes

Q: Which of these are tracked by the Bitcoin Social Signals tracker? Pick'em all!
A: Reddit, Website traffic

Q: Fill in the missing word: "'Market cap' is short for 'market ...'"
A: capitalization

Q: "Market Capitalization" is used in many crypto trackers. What does it mean?
A: Value of all circulating coins

Q: What does "FDMC" stand for?
A: Fully Diluted Market Cap

Q: Which of the following best describes a crypto tracker?
A: Crypto price monitoring tool

Q: Fill in the missing word: "It should be noted that the SHA-256 algorithm is used to ... Bitcoin."
A: secure

Q: What is the current price of Bitcoin?
A: 42607.08

Q: Has the price of Bitcoin increased or decreased from what it was 24 hours ago?
A: Decrease

Chapter 4:

Q: Which of these is a feature that CoinStats has?
A. Crypto swaps

Q: Arrange the following steps to sign up on CoinStats, from the first (top) to the last (bottom).
A. Visit the website, Choose a sign-up method, Connect via MetaMask, Confirmations via MetaMask

Q: Does CoinStats have a Chain Activity Tracker?
A. Yes ▫️Fill in the missing word: "There are individual statistics for specific ... that you might own."
A. NFTs

Q: Does CoinStats impose account limitations?
A. Yes

Q: What is CoinStats known for? Pick'em all!
A. Portfolio tracking, Multiple chain support ▫️What can users do with the CoinStats basic plan? A. Connect 10 portfolios

Q: How many chains does CoinStats support?
A. Under 100

Q: Fill in the missing word: "CoinStats is a highly specialized ... management tool for traders and investors."
A. portfolio

Q: The earning feature on CoinStats is called "CoinStats ...".
A. earn

Chapter: 5-6

Q: Which of the following are considered “hot wallets”? Pick'em all!
A. Desktop wallets, App wallets

Q. Which of the following statements are correct? Pick'em all!
A. Web wallets have private keys, Hardware wallets are most secure

Q. What is the primary advantage of using a hardware wallet for crypto storage?
A. Its provide high security

Q. What wallets are best for crypto day traders? Pick'em all!
A. Software wallets, Smartphone wallets

Q. Rank crypto wallets from the safest (top) to the least safe (bottom).
A. Hardware Wallet, Mobile Phone Wallet, Software Wallet, Web Wallet

Q: Which of the following statements are true about paper wallets? Pick'em all!
A. They involve QR codes, They're offline-based

Q. Rank crypto wallets based on BitDegree score, from the highest (top) to the lowest (bottom).
A. Ledger Nano X, Binance Wallet, Coinbase Wallet, SafePal

Q. Fill in the missing word: "Private keys are like ... that you use to gain access to your crypto funds inside of a wallet."
A. passwords ▫️Which of the following statements are true about paper wallets? Pick'em all! A. They involve QR codes, They're offline-based

Q. What do crypto cards like Wirex allow you to do?
A. Spend crypto in real life

Q. Which of the following transactions can be done with a Wirex crypto card?
A. All correct

Round 5 Only connect twitter and follow twitter, No Quiz

Chapter: 7

Q. Rank crypto exchanges according to BitDegree, from the best (top) to the worst (bottom). A. Binance, Kraken, Bitstamp, Huobi

Q. What is a common mistake made when choosing an exchange?
A. Picking an unsecure one

Q. What is a common characteristic of the best crypto exchanges for beginners?
A. Simple to use

Q. What factors may influence an individual's choice of the best crypto exchange? Pick'em all!
A. Trading fees, User interface, Crypto availability, Security measures

Q. Fill in the missing word: "The best crypto exchanges are going to have unmatched ... features as their main point of reference."
A. security

Q. Are payment methods the same in all crypto exchanges?
A. No

Q. What are the main aspects that BitDegree evaluates when choosing the best crypto exchanges? Pick'em all!
A. Correct Answer: Security, Fees, Customer Support, Ease of Use, Payment Methods

Q. What main features should the best crypto exchanges possess? Pick'em all!
A. Decent fees, Ease of use

Q. Fill in the missing word: "Having someone to help you solve any encountered ... is always a great plus for top crypto exchanges."
A. issues

Q. How many crypto exchanges are there, on the market?
A. Over 500

Chapter: 8

Q. Fill in the missing word: "With the help of your cryptocurrency wallet, you are able to remain ... on the blockchain."
A. anonymous

Q. Fill in the missing word: "“...” stands for “Know Your Customer”."
A. KYC

Q. Does your public wallet address act as your alias on the blockchain?
A. YES

Q. According to the article, is regulation necessary for crypto to go mainstream?
A. Yes

Q. What is KYC, in simple terms?
A. Customer Identification

Q. Who manages decentralized organizations?
A. DAOs

Q. Why do many crypto enthusiasts consider anonymity important?
A. To prevent identy thift

Q. Which blockchain is often regarded as being the most anonymous and decentralized?
A. monero

Q. Why is regulation crucial for the widespread crypto adoption?
A. To prevent scam

Q. Which of the following are considered to be fundamental cornerstones of crypto? Pick'em all!
A. Anonymity, Decentralization

Chapter: 9

Q. WHAT IS THE FIRST NAME OF A PERSON WHO CREATED THE VERY FIRST NFT?
A. kevin

Q. WHICH OF THE FOLLOWING STATEMENTS ARE TRUE? PICK'EM ALL!
A. NFTs can be digital artwork , NFTs represent assets

Q. WHAT IS A "TOKEN"?
A. A digital asset

Q. WHICH OF THE FOLLOWING STATEMENTS IS TRUE?
A. Blockchains are virtual databases

Q. WHEN WAS THE FIRST NFT CREATED?
A. 2014

Q. WHAT WAS THE FIRST NFT CALLED?
A. quantum

Q. WHICH OF THE FOLLOWING ARE UNIQUE FEATURES OF NFTS? PICK'EM ALL!
A. NFTs have distinct information, NFTs can be transferred

Q. WHY ARE SOME NFTS SO EXPENSIVE?
A. Because of supply & demand

Q. WHICH IS THE MOST POPULAR BLOCKCHAIN FOR NFTS?
A. Ethereum

Q. FILL IN THE MISSING WORD: "ANOTHER REASON WHY NFTS ARE AS HYPED AS THEY ARE IS THE ... FACTOR."
A. utility

Chapter: 10

Q. Which integrations do Unstoppable Domains have? Pick'em all!
A. Trust Wallet, MyEtherWallet, Brave Browser

Q. Sort the steps of purchasing a domain on Unstoppable Domains (top - first, bottom - last).
A. Navigate to the website, Sign up / log in, Pick the domain, Choose a domain ending, Select payment method, Transfer funds

Q. Which company is an NFT domain registrar?
A. Unstoppable Domains

Q. What is a Web3 domain? A. A domain as your digital identity

Q. What are the features of Unstoppable Domains? Pick 'em all!
A. No renewal fees, Constant innovation, Top-tier support

Q. Which types of words can be used to create an NFT domain? Pick'em all!
A. Terms, Names, Slang word, Numbers

Q. Fill in the missing word: "The way that UD approaches this topic is by offering its clients unique, one-of-a-kind crypto ... addresses."
A. domain

Q. Fill in the missing word: "UD will not have access to your crypto ... or the domain name itself."
A. wallet

Q. What other payments do you have to make after you purchase an NFT from UD?
A. No additional payments

Q. What problem does Unstoppable Domains aim to solve?
A. Wallet address complexity

Q. Fill in the missing word: "You’re subjected to a ...-time fee, upon your initial purchase."
A. one

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