CoinDCX $USDC Quiz Answers: Earn ₹500 Worth USDC Free

A big name in the cryptocurrency trading market, CoinDCX, just started a fun new project called the CoinDCX $USDC Quiz. People who take this quiz and answer questions about cryptocurrencies have a chance to win ₹500 worth of USDC, a stablecoin that is pegged to the US dollar.

What is the CoinDCX $USDC Quiz? 

The CoinDCX $USDC Quiz is a program that CoinDCX made to test people’s skills. Its goal is to give people an experience that is both useful and fun. People are being asked to answer questions about different parts of coins and blockchain technology. USDC, a well-known stablecoin, is given to players who do well. This project not only gives people a reason to learn about digital currencies, but it also helps more people use and understand them.

How to Participate in the CoinDCX $USDC Quiz?  

There are no complicated steps to taking the quiz. Users must first sign up for the CoinDCX website, go through the Know Your Customer (KYC) process, and then find the question area. Multiple-choice questions make up the quiz, and people who submit the right answers will be entered to win ₹500 worth of USDC.

Understanding USDC  

US Dollar Coin, or USDC, is a stablecoin whose value stays the same as the US dollar. It’s used a lot in the cryptocurrency market to trade and as a safe digital asset because it doesn’t change value as much as other cryptocurrencies.

Price Pool: Rs. 1,00,000 Worth USDC

Winner: 200 winners will get the chance to win USDC tokens worth INR 500

Winner Announcement: Within 7Days

How To Particiate:

1. open coindcx exchange

2. view home page USDC Learn and Earn banner

3. click and submit quiz answer

4. Done

Coindcx USDC quiz answer

Q.1 Each $USDC is backed by US Dollar stored in the form of?

Ans: Cash reserves + us treasury bonds

Q.2 Circle’s APIs help you make payments in ?

Ans: In USDC

Q.3 How is USDC’s multi-chain transfer beneficial?

 Ans: Transfer takes lower fees and transparent

Q.4 What is one of the long term goals of USDC ?

Ans: Facilitate dapps and service provider payment 

Q.5 What is the market cap of $USDC and total tokens in supply ? ( as of Feb ’23)

Ans: 42.4 billion & 42.4 billion token

Q.6 When was the upgrade to enhance & popularise $USDC in daily commerce announced?

Ans: In 2020

Conclusion

The CoinDCX/USDC Quiz is a creative way to teach and reward people, and it’s good for both experienced users and people who are new to cryptocurrencies. People who take this quiz can not only learn new things, but they also have a chance to win valuable coins.

Leave a Comment