Revolut users can now earn cryptocurrencies for completing quizzes on the Revolut banking app. Doing so is easy! Simply create a Revolut account, head over to the Crypto tab, and select one of the quizzes to start earning.
Currently, users can earn Polkadot, 1inch, Avalanche, Algorand, and NEAR. This page will cover Polkadot where users can earn free DOT.
Without further ado, here’s how to earn crypto by completing Revolut’s Polkadot DOT quiz.
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Revolut Polkadot (DOT) Quiz Answers
Lesson 1: Intro to Polkadot
Q: What are limitations of early blockchains like BTC?A: Slow transactions, high fees, inability to communicate with other blockchains.Q: What is Web 3?A: A new web built around decentralized technologies.
Q: How does Polkadot address some of the limitations of earlier blockchains?A: Polkadot allows multiple blockchains to communicate
Lesson 2: How Polkadot works
Q: What is a relay chain?A: A blockchain that connects other blockchains
Q: What is a parachain?A: A blockchain connects to the Relay chain and operates parallel to other parachains.
Q: What problems do parachains and relay chains solve?A: The inability of blockchains being able to communicate
Lesson 3: Who decides the future of DOT
Q: Who can vote for new initiatives?A: People who hold DOT tokens.
Lesson 4: DOT Token
Q: What is Polkadot’s crypto token called? Answer: DOT.
Q: What does staking Polkadot tokens mean?A: It helps secure the network by locking up DOT tokens
Q: What does bonding your Polkadot tokens mean?A: Locking up tokens for slots
Lesson 5: Polkadot and its uses
Q: What are some use cases of Polkadot?A: DeFi, NFTs, smart cities
Q: What makes apps built on Polkadot different from apps on your phone?A: Polkadot applications don’t rely on a middleman to work and can keep data secure.
Q: How do applications on parachains communicate?A: Using the Relay Chain.
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Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.
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