CEX.IO QUIZ ANSWERS | CEX IO POWER TAP

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From Invisible to Invincible: Supercharge Your Mining with Marketing

1) What does targeted marketing focus on?
✅ Reaching the right audience

2) How does a marketing team help with partnerships?
✅ They build relationships with other players

3) What is the benefit of collaborating with others in the crypto space?
✅ Amplified outreach and new opportunities

4) What does the narrator suggest you focus on while the marketing team handles outreach?
✅ Mining those precious coins

5) Why is a marketing team important for mining operations?
✅ They boost presence and achieve better outreach

6) What analogy is used to describe a mining operation without marketing?
✅ A party without invites

7) What role does social media play in marketing?
✅ It helps reach a larger audience

8) What is the overall message about having a marketing team?
✅ They are essential for success in the crypto market

9) What types of content can a marketing team create?
✅ Memes, videos, and polls

10) What is the main focus of the video?
✅ The importance of a professional marketing team

11) How does branding help a mining operation?
✅ It makes the operation memorable

12) What is one key takeaway about investing in a marketing team?
✅ It can significantly boost your mining operation

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Memecoins: The Joke That Became Serious

1) What inspired memecoins? 
   ✅ Internet memes 

2) How does Dogecoin stand out? 
   ✅ Humor and community spirit 

3) What theme is presented about memecoins? 
   ✅ Entertainment with potential 

4) What analogy is used for the memecoin community? 
   ✅ Digital summer camp 

5) What enhances memecoin enjoyment? 
   ✅ Embracing fun and lightheartedness 

6) What boosts memecoin popularity? 
   ✅ Low price and social media 

7) How does the memecoin community operate? 
   ✅ Sharing ideas and content 

8) What approach do memecoins take? 
   ✅ Community-driven engagement 

9) What's surprising about some memecoins? 
   ✅ Unexpected partnerships 

10) How are potential gains from memecoins described? 
    ✅ Part of a crypto adventure 

11) What does "play to win" mean? 
    ✅ Engaging with the community 

12) How is memecoins trading described? 
    ✅ An adventurous journey

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Get in the Know: 5 More Crypto Terms Explained

1. What does FUD stand for? 
- Fear, Uncertainty, and Doubt.

2. How does DeFi empower users?
- By allowing direct transactions without intermediaries.

3. How can FUD impact your trading?
- It can lead to rash decisions.

4. What is a risk of participating in a Pump and Dump?
- You could lose money if you buy at the peak.

5. What does FOMO mean? 
- Fear of Missing Out

6. Why is it important to involve friends in crypto discussions? 
- To share knowledge and insights

7. What does Pump and Dump refer to? 
- A scheme to inflate and then sell a coin

8. How can FUD affect behavior?
- It can create fear and hesitation

9. What is a Bagholder?
- Someone holding onto a losing investment

10. What should a Bagholder do in a downturn? 
- Consider their options carefully

11. How does FOMO impact your decisions? 
- It can lead to impulsive choices

12. What is DeFi?
- Decentralized Finance without traditional banks.

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Wild World of Crypto - Understanding Animal Terms

1) What is a key consideration for someone feeling Bullish?
✅ They expect prices to rise

2) Who are considered "Sharks" in cryptocurrency?
✅ Aggressive traders chasing profits

3) How does a Bull Market typically make traders feel?
✅ Confident and ready to invest

4) What does it mean if someone is acting like a Chicken?
✅ They are hesitant and avoid risks

5) What do Sharks do in the crypto market?
✅ They take aggressive risks for potential profit

6) What does a "Bull Market" indicate?
✅ Rising prices and optimism

7) What's the general mood during a Bear Market? 
✅ Gloomy and cautious

8) How should you feel during a Bull Market?
✅ Optimistic and excited

9) What can you learn from understanding animal terms in crypto?
✅ It helps you navigate market moods and strategies

10) What does it mean to be "Bullish"?
✅ Feeling confident about rising prices

11) What does a "Bear Market" refer to?
✅ A decline in prices

12) What characterizes a "Chicken" in the crypto world?
✅ Someone who is too scared to take risks

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Task 1. United for Success: The Spirit of Collective Achievement

1) What metaphor is used for working together?
✅ Penguins huddling for warmth
  
2) What is compared to a potluck dinner?
✅ Supporting each other's success

3) What is the main focus of the video? 
✅ Collective success

4) What is compared to a potluck dinner? 
✅ Investing in the community unlocks potential

5) What should be prioritized according to the video?
✅ The interests of everyone

6) What does collective success encourage?
✅ Wild brainstorming ideas

7) How are community members described?
✅ As a big, happy family

8) How is creativity described in the video?
✅ Unstoppable in a supportive community

9) What does the narrator suggest we embrace?
✅ The spirit of collective success

10) What is the call to action at the end of the video?
✅ To work together and play to win

11) What kind of environment does prioritizing community interests create?
✅ One where everyone thrives

Task 2. 850,000 Bitcoin Lost?! The Crazy Story of Mt. Gox

1) What did Mt. Gox handle at its peak? 
✅ 70% of all Bitcoin transactions 

2) What does "cold wallet" refer to? 
✅ A secure offline way to store cryptocurrency

3) How much Bitcoin was lost in the Mt. Gox crash? 
✅ 850,000 Bitcoin

4) What does Mt. Gox symbolize in the crypto world? 
✅ A lesson in security and growth

5) What is the lesson we learned from Mt. Gox? 
✅ Security is everything

6) What year did the Mt. Gox crash happen? 
✅ 2014 

7) What was Mt. Gox? 
✅ The largest Bitcoin exchange in 2014

8) What's the moral of the Mt. Gox story? 
✅ Losing big can lead to winning bigger if you learn from it

9) Why is it important to learn from Mt. Gox? 
✅ To improve how we secure cryptocurrency

10) What is HODL? 
✅ Hold onto your cryptocurrency long-term

11) What can Mt. Gox teach us about trying new things in crypto? 
✅ Innovating safely is key to long-term success

12) Why didn't Mt. Gox destroy Bitcoin? 
✅ It made the community stronger by teaching important lessons

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