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Lesson # 1
Breaking Down the Core Project Components
Blockchain Basics
1. What is the main purpose of evaluating a crypto project's “problem/solution” fit?
A. To see if it’s built on Ethereum
B. To assess whether the team has raised enough funds
C. To determine if the solution addresses a real and painful user problem
D. To find out if the token is deflationary
2. Which of the following is a common red flag in token-first projects?
A. A clearly defined user base
B. Product is launched before the token
C. Strong focus on solving user problems
D. Heavy promotion of token price without a working product
3. When evaluating a Web3 project's token utility, what’s an important question to ask?
A. Is the token inflation rate below 2% annually?
B. Would the product still work if the token didn’t exist?
C. Does the token have a staking APY of 50% or more?
D. Is the token listed on CoinGecko?
4. A strong tech stack in a crypto project should:
A. Include at least three Layer 1 blockchains
B. Prioritize trendy tools over functionality
C. Be suitable, secure, and aligned with the project’s use case
D. Use AI to automate all development
5. Which of the following best describes the purpose of a whitepaper?
A. It’s a flashy landing page to attract hype
B. It outlines the project’s problem, technical design, tokenomics, and roadmap
C. It’s a short presentation for pitching to investors
D. It’s a blog post explaining the founder’s vision