
HaloFi KPT Event quiz
Quiz by HaloFi
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16 questions
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- Q1What does DeFi stand for?Digital FinanceDecentralized FinanceDecentralized FutureDynamic Financial30s
- Q2What are smart contracts in DeFi?Physical contractsBank loansOnline transactionsDigital agreements that execute automatically30s
- Q3What is HaloFi Save?An online marketplaceA digital savings appA social media platformA gaming platform30s
- Q4Why choose HaloFi Save over other savings options?Constant currency fluctuationsSavings can grow faster in digital US dollars, less affected by currency changesHigher fees and slower growthLimited access to funds30s
- Q5Why are people attracted to DeFi?Lower income potentialSlow transactions and high feesTransactions are faster, cheaper, and offer higher ability to generate incomeLimited accessibility30s
- Q6What do lending and borrowing platforms in DeFi enable users to do?Buy and sell real estateTrade stocks and bondsExchange fiat currenciesLend out cryptocurrencies and earn interest, or borrow assets by collateralizing holdings30s
- Q7How often do savings increase on HaloFi Save?WeeklyContinuously, every minuteMonthlyAnnually30s
- Q8What do DeFi platforms like HaloFi aim to provide users with?Complex and confusing processesHigh fees and hidden chargesTransparent and efficient borrowing marketsLimited access to financial services30s
- Q9What technology is commonly used in DeFi for automation?Human intermediariesEmail correspondenceSmart contractsPhysical paperwork30s
- Q10What type of consensus does Celo use?Proof-of-workDelegated proof-of-stakeProof-of-stakeProof-of-authority30s
- Q11What can mobile participants earn rewards for in the Celo ecosystem?using the platformmaking transactionssecuring and maintaining the systeminviting new users30s
- Q12What can CELO holders do within the Celo ecosystem?earn rewards, stake with validators, and vote on proposalsonly vote on proposalsonly stake with validatorsonly earn rewards30s
- Q13What is the main mission of Celo?to support only large financial institutionsto create a gaming platformto dominate the cryptocurrency marketto build a financial system that creates the conditions for prosperity30s
- Q14What is CELO?a new cryptocurrencya mobile appa decentralized exchangethe platform-native asset that supports the growth and development of the Celo blockchain and ecosystem30s
- Q15What does CELO represent in the Celo ecosystem?a mobile appplatform-native asseta gaming consolea social media platform30s