top of page
Write.png

Test Your Knowledge

Earn 100 Diamonds for every perfect score!

Altcoins and Their Categories: Stablecoins, Governance, Utility, and DAO

1. What is the primary purpose of stablecoins?


A) To increase volatility in the crypto market

B) To maintain a stable value by being pegged to a reserve asset

C) To decentralize decision-making in crypto projects

D) To fuel blockchain networks by paying transaction fees

2. What is the main function of governance tokens in decentralized projects?


A) To pay transaction fees on blockchain networks

B) To provide holders with voting rights for project decisions

C) To stabilize the value of cryptocurrencies

D) To provide liquidity for decentralized exchanges

3. Which of the following is an example of a utility token?


A) UNI (Uniswap)

B) ETH (Ethereum)

C) MKR (MakerDAO)

D) YFI (Yearn Finance)

bottom of page