Coinbase Earn Answers

Coinbase Earn is a feature by one of the leading cryptocurrency exchanges called Coinbase. Coinbase earn will teach you about different cryptocurrency projects and let you earn free cryptocurrency at the same time. We advise you to watch the videos on Coinbase Earn as they are a great resource to help you learn about crypto, alternatively you can check out the Coinbase Earn answers below.

How To Earn Free Crypto Coinbase

Coinbase Desktop

When you are on the Coinbase dashboard on desktop look on the left hand side for the present icon. When on this page you will be able to fill out the quizzes with the answers below.

Coinbase Mobile

If you are using the mobile app, click on the ‘Home’ tab/icon at the bottom of the app. If you scroll down past the prices you will see a section that says ‘Rewards’ click on it and you will find all of the quizzes.

AMP (AMP) $3

  • What is Amp? A Collateral Token
  • How is Amp used on Flexa today? Instant Settlement Assurance
  • What can you earn by staking Amp on Flexa? AMP Rewards

Ampleforth Governance Token (FORTH) $3

  • What are Ampleforth’s automatic supply changes called? Rebase
  • What two tokens give the community control over the Ampleforth protocol? AMPL and FORTH
  • Ampleforth is a censorship resistant _________ that rebases once a day. DEFI Building Block

Band (BAND) $3

  • What does Band bring to blockchains? Real world data
  • What are Band’s decentralized data feeds called? Oracles
  • What’s one benefit of staking your BAND tokens? Earn crypto rewards

BarnBridge (BOND) $3

  • What is BarnBridge? A DeFi Risk management protocol
  • What is SMART Yield? An APY risk management tool
  • What is the $BOND Token? Barnbridge’s governance token

CELO (cGLD) $6

  • How does Celo give greater access to financial tools? Making crypto available on mobile phones
  • What are 3 things CELO is used for?  Staking, governance, and stability
  • What can Celo Dollars do? Using the Valora mobile app

Compound (COMP) $9

  • Earn interest on crypto
  • Supply crypto asset as collateral
  • COMP token holders

The Graph (GRT) $3

  • What is the graph? Blockchain data
  • What are Indexers? GRT Tokens
  • What are curators? Curators

Maker (MKR) $6

  • What are the native assets of the Maker protocol? MKR and DAI
  • Who runs MakerDAO? MKR holders
  • What do you need to generate DAI today? A crypto wallet and crypto collateral

Polygon (Matic) $3

  • What blockchain is Polygon helping to scale? Ethereum
  • Who runs the Polygon network? Validators
  • What is Polygon building? Internet of blockchain on Ethereum

NuCypher (NU) $3

  • What does NuCypher provide to users and apps? End to end encryption
  • What does NuCypher use to protect your data? Independent nodes to perform tasks
  • Which of these is NOT a use of the NU token? Paying Ethereum transaction fees

SKALE (SKL) $3

  • Who can deploy a blockchain with SKALE? Any Ethereum application
  • How can SKL holders receive rewards? Delegate SKL to a validator
  • The SKALE network is built to support… An internet of blockchains

Stellar (XLM) $10

  • What is Stellar? A decentralized protocol that unites the world’s financial infrastructure
  • What are Stellar Lumens (XLM) used for? Facilitating low-cost, universal payments
  • Why is stellar good for sending remittances? Transactions are fast, inexpensive, and global
  • Why would banks and businesses use Stellar? To issue, exchange, and transfer tokens quickly and efficiently
  • How does Stellar’s Consensus Protocol work? It relies on the cooperation of trusted nodes to confirm transactions

Universal Market Access (UMA) $6

  • UMA lets developers create what type of financial product? Derivatives
  • Which network participants help UMA solve the oracle problem? Liquidators and disputers
  • Which of these can be used to create a derivative on UMA? All of these answers are correct!