CEX.IO Quiz: Crypto’s biggest failures. Lessons from BitConnect to Terra

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About CEX.IO Power Tap Daily Quiz:

The CEX.IO Power Tap is the feature of the CEX.IO platform that allows a user to take part in daily quizzes with rewards as a prize. In the quiz, participants answer questions about cryptocurrencies, blockchain, and sometimes finance in general. The right answers for the participant are rewarded: cryptocurrency, points, and other platform-specific incentives that give users an incentive to keep learning and engage with the platform.

Here Are CEX.IO Power Tap Daily Quiz 20 September 2025:

Task: Crypto’s biggest failures. Lessons from BitConnect to Terra

  1. What was BitConnect really hiding behind its flashy promises of guaranteed returns?
    ✅ It was a massive Ponzi scheme that collapsed and burned investors
  2. What did developers learn from past crypto disasters?
    ✅ To focus on audits, security, and building actual utility
  3. Why did many “Ethereum killers” fail over time?
    ✅ They couldn’t deliver adoption or real use cases beyond the hype
  4. What role did regulators play after repeated failures?
    ✅ They paid closer attention and pushed for stronger protections
  5. What’s the big picture takeaway from crypto’s failures?
    ✅ They act as lessons and guardrails, paving the way for stronger projects in the future
  6. What was the ICO bubble of 2017 known for?
    ✅ Thousands of projects raising millions with little more than hype
  7. What happened to most ICO projects from that era?
    ✅ They failed and disappeared, leaving behind digital tombstones
  8. What happened when Terra’s UST stablecoin lost its peg?
    ✅ The entire system imploded, wiping out billions in value
  9. Why was Terra’s collapse such a big deal for DeFi?
    ✅ It showed how fragile the whole interconnected ecosystem can be
  10. What’s the common thread between failed crypto projects like BitConnect, LUNA, and ICO scams?
    ✅ They were built on hype and promises, not sustainable foundations
  11. What lesson did the collapse of BitConnect teach the crypto world?
    ✅ If something sounds too good to be true, it probably is
  12. How did repeated failures change the behaviour of investors?
    ✅ They became more sceptical and demanded real products, not just promises
  13. Report if any wrong Answers on (or, share questions) : Telegram

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How to Access the Quiz: Quick Entry Points on CEX.IO:

1. Objectives and Purpose

  • It aims to reward its user base for daily engagement in various activities on CEX.IO, thereby expanding one’s knowledge of crypto and finances.
  • The quiz is a fun, gamified way to learn about blockchain technology, cryptocurrency trends, financial markets, and the features of the platform.

2. Quiz Format

  • Daily Questions: A new quiz question is posted on the platform each day, usually on topics relevant to cryptocurrency, blockchain principles, or current trends in the financial ecosystem.
  • Single or Multiple Choice: Questions may vary between single and multiple choice so that is fair and inclusive to either a beginner and an advanced crypto user generally.
  • Timed Response: Users are forced to respond within some time bracket so that the entire thing does not drag out slowly with time.

3. Forms of Incentives

  • Cryptocurrency Rewards: Such users who accurately answer their quiz may be rewarded in forms of small amounts of some cryptos like Bitcoins or Ethereums among many others.
  • Incentive may be received in the form of points which can be used on the CEX.IO platform. These will give discounts on fees or exchange rates and gain access to more advanced features.

4. Daily Quiz

  • Reward from Regular Participation: Regular participation within the daily quiz shall provide loyalty rewards in the form of higher account levels or chances to participate in promotions carried out on the platform.
  • Exclusive Content Access: Some questions may reward with access to exclusive articles, reports, or crypto insights helpful for both investment and trading strategies.

5. Benefits of engagement and learning

  • Users are pushed to be informed about recent trends in cryptocurrencies, because some questions reflect current events, new coins, or updates within the CEX.IO ecosystem.
  • It is also an educational tool that provides a user with getting more insights into the crypto concepts that could be precious in the decision-making process when it comes to trading or investing.
  • First-time users can become well versed in the platform features through participating in the quiz, hence lowering the conventional learning curve that typically applies when it comes to advanced financial systems.

Therefore, CEX.IO Power Tap Daily Quiz is a helpful utility for users who are both new and experienced cryptocurrency fans, adding value through rewards, education, and engagement on the CEX.IO platform.

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