Learn about 1inch & earn $5 of 1INCH tokens - CoinMarketCap Earn quiz answers

1inch "Learn & Earn" Campaign will run from July 16th to July 25rd.

What is 1inch?

1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.

Before taking the quiz, make sure to learn about 1inch through the 4 lessons below. Even though I provide the answers, the whole purpose is to learn something new:

• How 1inch offers the best rates

• How to use the 1inch web dApp

• How to swap your tokens

• Make a swap on 1inch

How to take the quiz?

Make sure to have a CoinMarketCap account and a Binance account (KYC verified) as you will need a Binance user ID to complete the quiz. The tokens will be dropped into your $1INCH spot account. 

Once you're all set, you can now take the quiz to which you will find the answers below.

• To start using the 1inch dApp you have to:
  Connect your crypto wallet

• What asset should be in your wallet to begin swapping tokens via 1inch?
  Just some ETH

• What does the name of the 1inch gas token – “Chi” – initially mean?
  Mysterious energy used in martial arts

• What is the Latin name of the Unicorn constellation?
  Monoceros

• What is the role of 1inch’s Pathfinder algorithm?
  Finds the best routes to swap DeFi assets

• To participate in the 1inch Network’s governance process you have to:
  Vote during specific annual periods

• How many blockchains are currently connected to the 1inch Aggregation Protocol?
  Three

• Add 1inch to your public watchlist and paste the URL
  ex: https://coinmarketcap.com/watchlist/605f6a56c7173f644f765318

If you successfully complete the quiz, you should receive $5 of 1INCH tokens as a reward. Note that the rewards are limited so hurry up, first come first serve! 

Thanks for reading.

Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading actions.

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