GammaX announce Learn to Earn program, you can become a better crypto trader and earn pre-token GammaX rewards. GammaX.exchange is an order book-based decentralized derivatives exchange with an on-chain transaction settlement layer and an off-chain order book and matching engine to provide the best user experience.
To join Gammax Rewards Program and have a chance to receive Airdrop rewards, you can register at the following link: https://gammax.exchange/beta-tester/?referral=6A45DF
After registration, complete tasks and courses to receive pre-token Gamma points. Below is a list of answers for all the tests in the 13 courses. You can refer to them when you get stuck.
List of answers by course:
How to Start Trading on GammaX
How many words are typically part of the secret recovery phrase?
->Answer: 12
Should you respond to a direct message on Discord/Telegram from unknown users?
->Answer: No
CLOB vs AMM-based Decentralized Exchange
Exchanges that only allow for immediate swaps of crypto assets are called ?
->Answer: AMM
In AMMs, a user swaps their coins with liquidity providers, who have staked their tokens in ____
->Answer: Liquidity
Pools In CLOBs, orders are matched peer-to-peer via a matching engine, which is hosted ?
->Answer: On chain
In a CLOB-bsed DEX, the prices are determined by the supply and demand side – the traders and _____
->Answer: Market Makers
What are Perpetual Crypto Futures
From what does a futures contract derive its value?
->Answer: The underlying asset
Futures contracts are referred to by _____
->Answer: Their expiration month
What defines a cryptocurrency inverse future?
->Answer: The use of cryptocurrency as the base currency
How to Make Your First Trade – Beginner’s Guide
If the closing price is above the opening price of the time interval, the candle will be _____
->Answer: Green
If you want to buy an asset immediately at the current market rate, which order should you place?
->Answer: Market Order
When you expect the price of the underlying asset to decline in the future, you take a __ position.
->Answer: Short
How to Make Your First Trade: Understanding Market Analysis
The initial security deposit traders pay to open a long or short position is called ?
->Answer: Margin
A candlestick chart can help a trader understand the current and past price performance of the asset?
->Answer: true
Studying chart patterns is part of _____?
->Answer: Technical Analysis
Decentralized Finance Explained
Investors with a smaller capital can participate in DeFi by:
->Answer: Using leverage responsibly while trading
Decentralized exchanges are backed by?
->Answer: Audited open-source smart contracts
Crypto CEXs versus DEXs
What does ‘Not your keys, Not your coins’ mean?
->Answer: You do not truly own your crypto
Proof of Reserves in DeFi is assessed via a metric called?
->Answer: Total Value Locked
Which three key features of a CEX and DEX does GammaX combine?
->Answer: 1,2,3 (Self-custody of assets + Intuitive UI/UX + Liquidity)
What Is a Bear Market: Knowing Different Phases
Bear markets occur when prices in a market decline more than % for typically months or more
->Answer: 20.2
Capitulation happens during which phase of a bear market?
->Answer: Phase 2
A correction is shorter than_____
->Answer: 2 months
Bear Market Trading Tips: Honing Your Analytical Skills
Studying market microstructure gives you insight into _____
->Answer: The internal operations of financial markets
Which of the following is NOT an example of Fundamental Analysis?
->Answer: Tracking transactional data on blockchains
Which of these is a scaling method? Marks : 100.00
->Answer: Stop-loss
Bear Market Trading Tips: Changing Strategies
Which one of these methods is NOT a trading frequency approach?
->Answer: d) DCA
Which one of the following is NOT a change of asset class/financial instrument method?
->Answer: c) “Buying the dip”
Which of these approaches is used by traders to use market volatility to their advantage?
->Answer: d) Momentum trading
When to Enter and Exit a Crypto Trade: Strategies to Know
What does a lower entry and higher exit mean?
->Answer: b. Higher profits
Which strategy allows you to average your overall buying cost?
->Answer: b. Dollar Cost Averaging
____ trails the current market price of a crypto asset?
->Answer: b. Trailing Stop
Master Series: Unlock Your Trading Potential
Journaling trades helps traders ____
->Answer: All of the above
According to Rich TL, it is important to focus on price over tools and indicators because
->Answer: Indicators can distract a trader from the price
According to Thomas Thornton, Diversification means ____
->Answer: Investing in different asset classes
Differentiating between a Bull Run & a Bull Trap
Which strategy involves buying an asset that is trending upwards and selling when the trend reverses?
->Answer: Momentum Trading
Which trading strategy allows traders to set a price to exit a position automatically?
->Answer: Market Order
A bull trap is characterized by ____ volume
->Answer: Low
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