Looking for today’s CEX.IO Power Tap Daily Quiz 8 June 2025? Get answers of Today’s Quiz: “How blockchain makes transactions traceable (and why that’s good)” with all previous day. Discover it and claim your CEX.IO Power Tap Daily Quiz with QuikNotes.
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 8 June 2025:
Task: How blockchain makes transactions traceable (and why that’s good)
- What is one major advantage of blockchain’s distributed nature compared to traditional systems?
✅ There’s no central target for criminals to attack - According to the video, what happens to transactions recorded on the blockchain?
✅ They are recorded forever and cannot be deleted - Which companies does the video mention as using blockchain for food tracking?
✅ Walmart and Nestlé - How much of the network would someone need to control to successfully hack a major blockchain?
✅ More than half of all computers in the network - What does blockchain transparency mean for your personal identity?
✅ Your real-world identity stays private but wallet transactions are public - According to the video, what is the main purpose of blockchain transparency?
✅ Creating integrity in the system - What does the video say blockchain offers instead of relying on institutions?
✅ The ability to verify things yourself - What is the main misconception people have about crypto according to the video?
✅ That it’s anonymous and untraceable - Which luxury brands does the video mention as using blockchain?
✅ LVMH and Cartier - What are the individual computers in a blockchain network called?
✅ Nodes - In traditional financial systems, who controls the ledger?
✅ A handful of institutions like banks - What gets bundled together to create a “block” in blockchain?
✅ Multiple verified transactions - Report if any wrong Answer on: 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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