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10 Questions

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Cryptocurrency Tokenomics Quiz

Created by

@WellRoundedSanctuary

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Questions and Answers

What is tokenomics?

The set of principles and rules that govern the design, distribution, and use of a cryptocurrency (correct)

A detailed document explaining the proposed cryptocurrency and how it and any underlying technology will work

A network of arbitrageurs who swap UST with another of Terra’s tokens, LUNA

Opportunities to make low-risk gains through arbitrage trading

What is a white paper?

The set of principles and rules that govern the design, distribution, and use of a cryptocurrency

A detailed document explaining the proposed cryptocurrency and how it and any underlying technology will work (correct)

A network of arbitrageurs who swap UST with another of Terra’s tokens, LUNA

Opportunities to make low-risk gains through arbitrage trading

What is TerraUSD?

The set of principles and rules that govern the design, distribution, and use of a cryptocurrency

A detailed document explaining the proposed cryptocurrency and how it and any underlying technology will work

A network of arbitrageurs who swap UST with another of Terra’s tokens, LUNA

A stablecoin in Terra’s ecosystem (correct)

What is the goal of TerraUSD?

To keep the price of UST as close to $1 as possible Signup and view all the answers

What is LUNA?

A network of arbitrageurs who swap UST with another of Terra’s tokens Signup and view all the answers

What is the purpose of the arbitrageurs in the TerraUSD tokenomics system?

To keep the price of UST as close to $1 as possible Signup and view all the answers

What is the main benefit of the TerraUSD tokenomics system?

To make low-risk gains through arbitrage trading Signup and view all the answers

What is the goal of the TerraUSD tokenomics system?

To keep the price of UST as close to $1 as possible Signup and view all the answers

What type of document outlines tokenomics?

A detailed document explaining the proposed cryptocurrency and how it and any underlying technology will work Signup and view all the answers

What type of gains are possible through the TerraUSD tokenomics system?

To make low-risk gains through arbitrage trading Signup and view all the answers

Study Notes

Tokenomics is the set of principles and rules that govern the design, distribution, and use of a cryptocurrency.
Tokenomics is often outlined in a white paper, which is a detailed document explaining the proposed cryptocurrency and how it and any underlying technology will work.
One of the main stablecoins in Terra’s ecosystem, called TerraUSD (UST), relies on a network of arbitrageurs, who swap UST with another of Terra’s tokens, LUNA, to keep the price of UST as close to $1 as possible at all times.
This complex tokenomics system appeals to investors because it creates accessible opportunities to make low-risk gains through arbitrage trading.

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Description

Test your knowledge about the principles and rules governing the design, distribution, and use of cryptocurrencies, as well as the role of stablecoins and arbitrageurs in maintaining price stability.