Academy Knowledge Check - November EOM

What is a cryptocurrency airdrop?

• A type of cryptocurrency mining

• A method for sending cryptocurrency internationally

• An online marketplace for crypto assets

• A token giveaway

To take part in some airdrops, users are often asked to do what?

• Provide personal identification information

• Invest a large amount of money

• Complete small tasks

• Sign up for a paid subscription

What makes a raffle airdrop different to other airdrops?

• Users receive a raffle ticket that is entered into a draw

• Users must complete tasks to receive tokens in a raffle airdrop.

• Users must hold a certain amount of tokens to receive tokens in a raffle airdrop.

• None of the above.

Who can take part in an exclusive airdrop?

• Only those who have invested in a particular cryptocurrency

• Anyone who wants to participate

• Chosen individuals

• Only those who have a high net worth

Who can take part in a holder airdrop?

• The project's token holders

• Only users who have a certain amount of social media followers.

• All team members

• Only users who have been invited by the project.

Whitepapers and yellowpapers are documents that outline a project's what?

• Financial projections and revenue models

• Historical background and achievements

• Marketing strategies and target audience

• Main features, technical specifications, and goals

Who published Bitcoin's whitepaper?

• Gavin Andresen

• Hal Finney

• Satoshi Nakamoto

• Roger Ver

What is the biggest difference between a whitepaper and a yellowpaper?

• A yellowpaper is less technical and more conceptual

• A yellowpaper has no significant differences compared to a whitepaper

• A yellowpaper focuses more on marketing and promotion

• A yellowpaper is usually more detailed and more technical

Yellowpapers are usually created with what in mind?

• Future collaborations

• Past achievements

• Legal compliance

• Revenue generation

Why are whitepapers important to investors?

• They guarantee a return on investment

• They provide investment advice and recommendations

• They explain how a project works and what it plans to achieve

• They describe the project's management team and their qualifications