Learn About NEAR Protocol & Take a Quiz to Earn $400,000 of NEAR!
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Learn About NEAR Protocol & Take a Quiz to Earn $400,000 of NEAR!

8 months ago

Learn about NEAR Protocol & take a short quiz to get rewarded for your newfound knowledge!

Learn About NEAR Protocol & Take a Quiz to Earn $400,000 of NEAR!

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CoinMarketCap users can learn about NEAR Protocol (NEAR) and take a quiz to get rewarded! The NEAR Protocol (NEAR) reward tokens will be distributed randomly among the users who complete the quiz successfully before the campaign concludes.

The NEAR Protocol (NEAR) “Learn & Earn” Campaign's reward pool consists of NEAR tokens worth $400,000. Successful users will receive NEAR tokens worth $10 as well as 50 Diamonds as a reward!

The NEAR Protocol (NEAR) “Learn & Earn” campaign will run from 2021.12.03 (12:00 PM UTC) to 2022.01.02 (23:59:59 PM UTC). Make sure to take the following lessons to complete the quiz!
– Lesson 1: What is NEAR?
– Lesson 2: NEAR Wallet & Staking
– Lesson 3: NEAR Sharding in a Nutshell
– Lesson 4: The Rainbow Bridge
– Lesson 5: What is Aurora?

CoinMarketCap NEAR Protocol Learn & Earn Quiz

If you have trouble submitting the quiz, please try again at this dedicated link: https://coinmarketcap.jotform.com/213344472762961
The NEAR Protocol (NEAR) “Learn & Earn” campaign will run from 2021.12.03 (12:00 PM UTC) to 2022.01.02 (23:59:59 PM UTC) and the quiz will be live at 12:00 PM UTC, December 3rd.

NEAR Protocol Learn & Earn Quiz's Answers

1. Which one of the following is possible on NEAR? [Hint]
a. Launch a solidity/EVM app
b. Launch a NFT marketplace while the users can pay in fiat, without the need to deal with gas fees
c. Redeploy a substrate appchain from Polkadot
d. All of the above

* Answer & Explanation:
The answer is D, "all of the above". NEAR is a layer-1 blockchain development platform. Therefore, users can use NEAR to build decentralized apps or implement solutions for scaling. It is possible to launch an EVM, NFT marketplace or even deploy a substrate appchain.
2. Which consensus mechanism is used in NEAR? [Hint]
a. Proof of Work
b. Proof of History
c. Proof of Stake
d. Delegated Proof of Stake

* Answer & Explanation: The answer is C, Proof od Stake. NEAR Protocol uses Proof-of-Stake consensus to secure and validate transactions on the blockchain.
3. What social impact achievement has NEAR Protocol achieved? [Hint]
a. Climate Neutral Product Label
b. Sustainable Development Award
c. Poverty Alleviation Award
d. Intelligent Healthcare Label

* Answer & Explanation: The answer is A, Climate Neutral Product Label. Please check this article for a more information: https://near.org/blog/near-climate-neutral-product/
4. What are the use cases for NEAR tokens? [Hint]
a. Using applications on NEAR
b. Earning rewards via staking
c. Governance
d. All of the above

* Answer & Explanation: The answer is D, all of the above. NEAR's token economy is built around the NEAR token, a unit of value on the platform that enables token holders to use applications on NEAR, participate in network governance, and earn token rewards by staking to the network.
5. Which can you do with NEAR Official Wallet (wallet.near.org)? [Hint]
a. Stake your NEAR coins
b. Register a NEAR account
c. Manage your digital collectibles
d. All of the above

* Answer & Explanation: The answer is D, all of the above. NEAR wallet is a non-custodial, web-based application for working with NEAR accounts. NEAR wallet gives you full control over your assets — allowing you to create, play, and stake your NEAR coins and NFTs.
6. Which of the following is NOT true about Nightshade sharding? [Hint]
a. It scales the network to millions of transactions per second
b. It allows NEAR transfers to be accessible on Ethereum
c. It dynamically readjusts the number of shards based on usage
d. It keeps the transaction fees low despite the network at a high capacity

* Answer & Explanation: The answer is B. Sharding splits the work of processing transactions across many participating nodes, hence increasing the blockchain scalability linearly. NEAR-Ethereum interobility will be achieved through Rainbow Bridge and our EVM Aurora.
7. What is the main use case of Rainbow Bridge? [Hint]
a. Connect the NEAR and Ethereum blockchainsb.

b. Execute code in a trustless ecosystem. 
c. Lower Ethereum gas feed.
d. Swap Ether and ERC20 tokens

* Answer & Explanation: The ETH-NEAR Rainbow Bridge opens the gates for assets to flow freely between NEAR and Ethereum blockchains while enabling users to bridge any ERC-20 token they wish.
8. Which of the following statements best describes Aurora? [Hint]
a. Aurora is a sidechain of Near Protocol, give a solution for developers to operate their apps on an Ethereum-compatible
b. Aurora is an EVM built on the NEAR Protocol and allows Ethereum developers to take advantage of NEAR’s super-fast, low-cast, and infinitely scalable blockchain.
c. Aurora is an appchain of Near Protocol, give a solution for developers to operate their apps on an Ethereum-compatible
d. Aurora is a token based on Ethereum.

[Join The NEAR Protocol Communities]

Follow NEAR Protocol Twitter: https://twitter.com/NEARProtocol
Join NEAR Protocol Telegram: https://t.me/cryptonear
Join NEAR Protocol Discord: https://discord.gg/cRaDp9653A
Create a NEAR account at https://wallet.near.org
CoinMarketCap reserves the right to disqualify actions that are deemed to be wash actions or illegally bulk registered accounts, as well as actions that display attributes of self-dealing or market manipulation. CoinMarketCap reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion. Risk warning: Cryptocurrency trading is subject to high market risk. CoinMarketCap will make the best efforts to choose high-quality coins, but will not be responsible for any trading losses. Please refer to these links: https://coinmarketcap.com/terms, https://coinmarketcap.com/privacy, and https://coinmarketcap.com/disclaimer. Successful users will receive $10 worth of NEAR as a reward from the total prize pool of $400,000 worth of NEAR. The token's price in US Dollars will be based on the applicable exchange rate at the date of commencement of the Feature Period. By accessing and using CoinMarketCap services, you represent and warrant that you have not been included in any trade embargoes or economic sanctions list (such as the United Nations Security Council Sanctions List), the list of specially designated nationals maintained by OFAC (the office of foreign assets control of the U.S. Department of the treasury), or the denied persons or entity list of the U.S. Department of Commerce. CoinMarketCap reserves the right to choose markets and jurisdictions to conduct business and may restrict or refuse, at its discretion, the provision of CoinMarketCap services in certain countries or regions.
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