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Lesson # 1
Choosing the Right DEX for Your Trade
Blockchain Basics
1. Why is it important to choose a DEX based on the blockchain you're using?
A. Every DEX works the same on all chains
B. Each chain has different tokens, fees, and DEX ecosystems
C. Some chains are not compatible with wallets
D. You can only use Ethereum for trading
2. What does high trading volume on a DEX indicate?
A. There are fewer tokens in circulation
B. The market is active and trades occur frequently
C. There’s more slippage on every trade
D. Token prices are always high
3. Which of the following tools can help you analyze DEX token pairs and detect suspicious tokens?
A. MetaMask
B. Binance Academy
C. DEXTools
D. Trust Wallet
4. If a token only appears on PancakeSwap and has no other listings, what might that suggest?
A. It is only for use in games
B. It’s a new token exclusive to Binance Smart Chain
C. It’s not a real token
D. You can trade it anywhere
5. What is a liquidity pool in a DEX?
A. A place where users lend money to earn interest
B. A smart contract holding token pairs that enable trades
C. A server run by the exchange owner
D. A feature for staking NFTs