Join 76,595 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 548,330.59).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
And work your way through the quiz. The questions and answers are below:
PlasmaFinance is the one-stop-shop for all your DeFi needs. Which of the following can you do with PlasmaFinance?
All of the above
Modern decentralized exchanges (DEXs) use an automated protocol whereby independent users can add their crypto assets to a common pool and earn a portion of all fees generated when others swap assets using this pool. PlasmaFinance lets users view all of these pools across all major DEXs so they can choose the most profitable ones. What is this passive income-earning DeFi activity commonly called?
PlasmaFinance promotes the use of transparent, real-time on-chain market data to provide DeFi users with an unrivalled level of assurance. Which of these statements are NOT true about PlasmaFinance?
You have to be careful about fake data, manipulated statistics and bot numbers when using PlasmaFinance, just as you would on centralized data sources.
When providing liquidity on DEXs, DeFi users must provide liquidity in a pair of assets. Retrieving and moving this liquidity from one liquidity pool to another involves at least 4 separate transactions. How many transactions do you need to perform on PlasmaFinance using the Flash Rebalancer tool?
Which of the following is a unique feature of PlasmaSwap, which most DEXs are unable to offer to their users?
All of the above
What is the abbreviation of PlasmaFinance’s native token?
Really quick and easy to do not sure when the funds will be distributed but, its some free crypto cannot complain
I used Trust wallet, as needs to be ERC 20 compatible to add on the PPAY tokens
I would advise checking ou the lessons they are really interesting and you will learn a lot about this decentralised finance application as well as others.
Some notable points about plasma finance are they will have a mobile application to manage your account.
They look to make the often complex Defi easy :
"Instead of complex asset management due to multiple silos of networks and services, we bring you every DeFi avenue under one roof with convenience and hassle-free automation.
We’ve taken care of the legwork to locate the most profitable opportunities, delivering to you transparent, verifiable data and sophisticated metrics in one safe environment.
We look for ways to optimize the way you do DeFi, making it easier and cheaper to trade and interact with different protocols"
You will also be able to buy crypto directly on plasma.finance with bank accout or card, I do see the appeal of this making it a lot easy to buy what you need in one place.
They also promise that you can add multiple wallets as well, a benefit over other similar platforms.
How good the platform will be I guess only time will tell but free coins is never a bad thing.
"PPAY (ERC20) is the utility token of PlasmaPay and PlasmaFinance. PPAY is designed as the all-in-one defi service token, enabling swaps, rewards, liquidity mining, borrowing/lending, staking and governance. The PPAY token will be used as a bridge between Ethereum, Polkadot, BSC and the zero-fee Plasma blockchain developed in-house."
PPAY is listed on uniswap and bithumb
Interesting platform with good prospects, off to test out and see if it as good as it claims, and now just to wait and see when I get my free coins