GALXE Web3 - Module 4: DEX - Quiz 정답

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Module 4: DEX by Mission Web3 | Galxe

 

Quiz: Decentralized Exchanges - Test Your Knowledge

 

Question 1: What is the primary aim of Decentralized Exchanges (DEX)?

B. To provide a peer-to-peer trading experience without a central authority.

 

Question 2: What is a key characteristic of DEX when it comes to user funds?

B. Users retain control over their funds by trading directly from their wallets.

 

Question 3: What is a liquidity pool in the context of DEX?

C. A pool of crypto assets provided by users for trading purposes.

 

Question 4: How are trades executed on DEX?

C. Through smart contracts on the blockchain.

 

Question 5: What advantage does DEX offer in terms of censorship?

C. It allows individuals to trade without censorship or restrictions.

 

Question 6: Why might DEX have lower liquidity compared to Centralized Exchanges (CEX)?

C. The decentralized nature of DEX operations.

 

Question 7: What is a potential drawback of DEX when it comes to trading pairs?

B. DEX support fewer cryptocurrencies and trading pairs.

 

Question 8: Which advantage is associated with DEX in terms of security?

B. Enhanced security and transparency through smart contracts.

 

Question 9: What is a possible disadvantage of DEX for beginners?

B. Lower liquidity compared to CEX.

 

Question 10: Which of the following is an example of a DEX?

B. Uniswap.

 

 

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Quiz: How To Buy And Trade On DEXs - Test Your Knowledge

 

Question 1: What is a key distinction between decentralized exchanges (DEXs) and traditional centralized exchanges?

A. DEXs have intermediaries controlling the exchange.

B. DEXs operate on blockchain technology without a central authority.

C. DEXs require users to deposit funds into a centralized wallet.

 

Question 2: How do users interact with the smart contract powering a DEX?

A. Through intermediaries.

B. Directly by placing orders.

C. By contacting customer support.

 

Question 3: Which type of DEX model uses liquidity pools to facilitate trades automatically?

A. Order book model.

B. Centralized model.

C. Automated Market Maker (AMM) model.

 

Question 4: What role do liquidity pools play in AMM-based DEXs?

A. They store user wallets.

B. They provide trading signals.

C. They facilitate trades and determine exchange rates.

 

Question 5: What do users receive in return for providing liquidity to AMM-based DEX pools?

A. Centralized exchange tokens.

B. Pool tokens representing their share of liquidity.

C. Security tokens.

 

 

Question 6: What are gas fees in the context of DEX trading?

A. Transaction fees paid to centralized authorities.

B. Fees for trading pairs.

C. Fees paid to miners for processing trades on the blockchain.

 

 

Question 7: How are DEX trades executed?

A. Through intermediaries' wallets.

B. Through a trustless and decentralized smart contract process.

C. Through centralized order books.

 

Question 8: What is the benefit of recording trades on the blockchain?

A. Trades can be altered or removed.

B. Transparency and immutability.

C. Trades are reversible through customer support.

 

Question 9: What does the term "slippage" refer to in the context of DEX trading?

A. A slip of the finger while placing orders.

B. An issue with the DEX's interface.

C. Variability in the executed price due to market conditions.

 

Question 10: What advantage does the AMM model provide in terms of trading pairs on DEXs?

A. It supports a narrower range of trading pairs.

B. It allows for an unlimited number of trading pairs.

C. It offers a wide range of trading pairs based on available liquidity.

 

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Quiz: Security in DEX - Test Your Knowledge

Question 1: Why is securing your crypto assets important in the Web3 ecosystem?

A. It prevents unauthorized transactions.

B. It allows for faster transactions.

C. It ensures anonymity.

 

Question 2: What is the irreversibility of transactions in blockchain?

A. Transactions can be reversed with proper authorization.

B. Once a transaction is recorded, it cannot be changed.

C. Transactions can be reversed within 24 hours.

 

 

Question 3: Why do cybercriminals target Web3 platforms?

A. They enjoy the challenge.

B. The decentralized nature makes it harder to track them.

C. They aim to exploit vulnerabilities in user security.

 

 

Question 4: What does "self-custody" mean in Web3?

A. Banks are responsible for your assets.

B. You have control over your wallet and private keys.

C. Your assets are stored on a central server.

 

 

Question 5: What is the purpose of using unique and strong passwords for DEX accounts?

A. To make your account stand out.

B. To ensure compatibility with other platforms.

C. To enhance security and prevent risks from compromised accounts.

 

 

Question 6: How should you store your wallet seed phrase?

A. In a digital note-taking app.

B. On a secure digital device.

C. On a physical paper, stored securely.

 

 

Question 7: What is 2-Factor Authentication (2FA)?

A. Using two different passwords for an account.

B. Using two different wallets for transactions.

C. Adding an extra layer of security by requiring a second factor for login.

 

 

Question 8: What do hardware wallets provide for storing private keys?

A. An online environment for easy access.

B. A tamper-proof offline environment.

C. A direct connection to the internet for fast transactions.

 

 

Question 9: Which of the following is a common type of scam targeting Web3 users?

A. Physical theft of cryptocurrency.

B. Giving away free tokens to promote a new project.

C. Offering low-risk investment opportunities.

 

 

Question 10: How can users recognize fake DEX platforms?

A. By clicking on any link provided.

B. By checking the authenticity of the social media accounts.

C. By providing their private keys for verification.

 

 

 

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