The Perpetual Protocol "Learn & Earn" campaign will run from November 4th to November 17th.
What is Perpetual Protocol?
Perpetual Protocol builds on an Uniswap-inspired automated market maker (AMM) design. Their liquidity pool is virtualized and determined algorithmically and, rather than rely on liquidity providers to determine the curve of a given market, Perpetual Protocol can programmatically set and update the parameters of the virtual AMM and offer a competitive product for any given market at all times.
Before taking the quiz, make sure to learn about Perpetual Protocol through the 4 lessons below. Even though I provide the answers, the whole purpose is to learn something new:
- What is Perpetual Protocol?
- Why use Perpetual Protocol?
- How to trade on Perpetual Protocol?
- How to provide liquidity on Perpetual Protocol?
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 PERP Spot account.
Once you're all set, you can now take the quiz to which you will find the answers below:
- On Perpetual Protocol, users can provide liquidity with up to _x leverage?
10 - Which one of the following is NOT an advantage of Perpetual Protocol?
It offers real-time customer service - In order to trade on the protocol, which asset(s) do you need in your cryptocurrency wallet?
ETH & USDC - Which scaling solution is Perpetual Protocol built on?
Arbitrum - What is a perpetual contract?
A financial product that enables you to speculate on any asset's price movement - To provide liquidity on the protocol, the only way to do it is to manually select which market to provide liquidity to and in which price range. True or False?
False - Perpetual Protocol allows cross-margin mode at launch. What does that mean?
You can open multiple positions using your account balance as the collateral - Can anyone open new markets on Perpetual Protocol and get a cut of the transaction fees in the future?
Yes - Add Perpetual Protocol to your public watchlist and paste the URL
(ex: coinmarketcap.com/watchlist/605f6a56c7173f644f765318)
Successful users will receive $5 worth of PERP as a reward and 50 Diamonds additionally. Note that the rewards are limited and distributed randomly.
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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