CEX Quiz Answers 27 March 2025
1. What is a rug pull in crypto
– When developers abandon a project and take investors’ money
2. What is one red flag of a potential second rug pull
– The same team members appear under different names
3. What happens during a buyback pump
– Someone artificially inflates the price to attract buyers before pulling liquidity again
4. Why do scammers rebrand failed projects
– To trick new and former investors into funding them again
5. Why do some traders fall for the same rug pull twice
– They believe the project has truly changed and has new potential
6. What is the best way to avoid getting rugpulled twice
– Avoid investing in projects that have already rugged once
7. Why do buyback pumps create false hope
– They make people think the project is recovering when it’s really a trap
8. How can a project rug pull investors twice
– By rebranding and launching the same scam again
9. What is the community revival method
– When holders try to bring back a failed project without the original devs
10. What is a common sign of a rebranded scam project
– A new website with the same promises as before
11. What is the key takeaway from the video
– If a project rugs once, assume it will rug again
12. What should you do if you suspect a project might rug again
– Stay away and do not reinvest
13. Who controls access to your data in a blockchain-based digital identity system?
– You control who gets access
14. What’s a bad way to store your private key for a blockchain identity system?
– On a sticky note labeled ‘Super Secret Key’
15. How does blockchain digital identity protect your privacy?
– You decide what to share
16. What’s a common problem with current digital identity systems?
– Companies store your data and hackers target it
17. How does blockchain digital identity help prevent scams?
– It’s scam-resistant and reduces phishing risks
18. What kind of system does blockchain create for digital identity?
– A decentralized identity system
19. What technology makes blockchain digital identity secure?
– Cryptography
20. What does digital identity include?
– Social media profiles, bank logins, and gamer tags
21. Which blockchain is used as an example for storing digital identity?
– Ethereum
22. What can you share using a digital key in a blockchain identity system?
– Just the detail needed, like your age
23. What’s a potential use for blockchain digital identity in the future?
– Voting online with one secure ID
24. What’s a challenge for blockchain identity systems?
– Adoption is slow and tech glitches can happen
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What is a rug pull in crypto
– When developers abandon a project and take investors’ money
2. What is one red flag of a potential second rug pull
– The same team members appear under different names
3. What happens during a buyback pump
– Someone artificially inflates the price to attract buyers before pulling liquidity again
4. Why do scammers rebrand failed projects
– To trick new and former investors into funding them again
5. Why do some traders fall for the same rug pull twice
– They believe the project has truly changed and has new potential
6. What is the best way to avoid getting rugpulled twice
– Avoid investing in projects that have already rugged once
7. Why do buyback pumps create false hope
– They make people think the project is recovering when it’s really a trap
8. How can a project rug pull investors twice
– By rebranding and launching the same scam again
9. What is the community revival method
– When holders try to bring back a failed project without the original devs
10. What is a common sign of a rebranded scam project
– A new website with the same promises as before
11. What is the key takeaway from the video
– If a project rugs once, assume it will rug again
12. What should you do if you suspect a project might rug again
– Stay away and do not reinvest
13. Who controls access to your data in a blockchain-based digital identity system?
– You control who gets access
14. What’s a bad way to store your private key for a blockchain identity system?
– On a sticky note labeled ‘Super Secret Key’
15. How does blockchain digital identity protect your privacy?
– You decide what to share
16. What’s a common problem with current digital identity systems?
– Companies store your data and hackers target it
17. How does blockchain digital identity help prevent scams?
– It’s scam-resistant and reduces phishing risks
18. What kind of system does blockchain create for digital identity?
– A decentralized identity system
19. What technology makes blockchain digital identity secure?
– Cryptography
20. What does digital identity include?
– Social media profiles, bank logins, and gamer tags
21. Which blockchain is used as an example for storing digital identity?
– Ethereum
22. What can you share using a digital key in a blockchain identity system?
– Just the detail needed, like your age
23. What’s a potential use for blockchain digital identity in the future?
– Voting online with one secure ID
24. What’s a challenge for blockchain identity systems?
– Adoption is slow and tech glitches can happen
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
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