What is DODO? Quiz Answers Binance Learn & Earn
What is DODO? Quiz Answers Binance Learn & Earn
1. What makes DODO DEX unique as an omni-trading platform?
(Select the best answer)
It only supports Ethereum-based assets.
It restricts trading to traditional cryptocurrencies without yield or point options.
It offers trading exclusively on its own blockchain without any cross-chain functionality.
It facilitates seamless trading across various blockchain networks, including Ethereum rollups and Bitcoin Layer 2s.
Ans:
2. What is DODO main role in the DODOchain ecosystem as of its launch?
(Select the best answer)
To serve as a derivative exchange.
To be the primary wallet service.
To serve as a backup DEX.
To act as the omni-trading hub.
3. What is the purpose of the proposed migration of 200 million DODO tokens to DODOchain?
(Select the best answer)
To eliminate all governance features of the DODO token.
To solely fund new technology development without community input.
To decrease the total supply of DODO tokens.
To enhance Total Value Locked (TVL) and support user growth on DODO DEX.
4. Which components are essential to the functionality of the DODOchain's core trading hub?
(Select the best answer)
All of the above.
Trusted Bridges.
Layer3 Architecture.
DODO Core Trading Engine.
5. Which of the following is the role of the DODO token within DODOchain?
(Select the best answer)
Functioning as the sole currency for external trade settlements outside of the DODOchain platform.
Serving as the governance token that allows holders to vote on key operational decisions.
Acting as a primary asset eligible for staking with basic staking rewards.
Empowering holders to influence the distribution of liquidity incentives.
6. Which technologies power the DODOchain?
(Select the best answer)
Ethereum, Binance Chain, and Solana.
Arbitrum Orbit, EigenLayer, and AltLayer.
Arbitrum, Cosmos, and Polkadot.
Avail, Cosmos, and Lumoz.
7. What is the role of the $DODO token on DODOchain?
(Select the best answer)
It is used primarily for transaction fees only.
It offers staking opportunities, allowing token holders to engage more directly with the platform and benefit from its growth.
It is used exclusively for paying developers.
It serves as a governance token without any staking benefits.