#1: But what is crypto and web3?

Link: “But what is crypto and web3”

How is Intract Academy different from other crypto learning resources?

Q: In simple words, what is crypto? A: Money on the internet

Q: In regular usage of the term, what are crypto tokens? A: Different kinds of cryptocurrencies

Q: So, what is Bitcoin? A: The first and most popular cryptocurrency

Q: Which of these is NOT a popular story of people using crypto? **A:**Stores accepting crypto instead of regular cash

Q: How are governments using crypto? A: All of these ;)

Q: Now what's web3? A: The regular internet with crypto, decentralisation & user-ownership

Q: What is a real-world example of web3? A: Decentralized social media

Q: How would you login to a web3 website? A: By connecting your wallet

#2: Setting up your own web3 wallet!

Link: “Setting up your own web3 wallet!“

Q: What all can you do with your web3 wallet? A: Of course, all of these ;)

Q: How does your wallet address look like? A: A huge code, treated like a bank account number

Q: Installing your own MetaMask wallet! A: SKIP

Q: What is a wallet's secret recovery phrase? A: Your wallet's unique password

Q: What do you call converting regular money to crypto, and back? A: On-ramping & off-ramping

Q: Which of these is NOT a way to convert regular money to crypto, and back? A: Decentralized Exchanges (DEXs)

Q: What is the easiest way to access your wallet? A: Pinning it as a browser extension

Q: What are important actions you can do via your wallet extension? A: All of these ;)

#3: What the heck is a blockchain?

Link: “What the heck is a blockchain?“

Q: But first, what is a blockchain commonly called? A: Chain or network

Q: So what is a blockchain? A: Secure, public database with apps and crypto tokens

Q: What are some popular examples of chains that are cheap and fast? A: All of these ;)

Q: Which of these is NOT a quality of a blockchain? A: Controlled by a single entity

Q: If a blockchain is like a big city, then its neighbourhoods would be... A: Different apps built on it, with crypto tokens as currency

Q: What are gas fees? A: Fees for carrying out transactions on a blockchain

Q: Your favourite blockchain's gas fees are suddenly high, why? A: Too many users actively transacting on it

Q: Why is it important to know the native token of a blockchain before using it? A: To pay gas fees on the blockchain

#4: Swapping and bridging? What’s that?

Link: “Swapping and bridging? What’s that?“

Q: What is swapping? A: Exchanging one type of crypto token for another on the same chain

Q: Which of the following is NOT a reason why people swap crypto? A: To stay invested in a single crypto for the long term

Q: What is unique about a token like USDT? A: Its a stablecoin - designed to maintain same price as the US dollar

Q: What are the two main places to swap crypto? A: Centralized exchanges and decentralized exchanges (DEXs)

Q: Uniswap and SushiSwap are examples of what? A: Decentralized exchanges (DEXs) used to swap crypto

Q: What are the factors in choosing the best DEX to swap on a blockchain? A: All of these ;)

Q: What's the benefit of using a 'swap aggregator' like 1inch? A: Simplifies finding the best exchange rates across different platforms

Q: What is the purpose of bridging in crypto? A: To help in movement of crypto assets between different blockchains

Q: What details about a bridge can a user ignore while bridging? A: Design elements of the interface

Q: What are some of our best bridge recommendations? A: Chainge Finance, Across, and Synapse

#5: NFTs and why they’re cool ;)

Link: “NFTs and why they’re cool“

Q: What are NFTs? A: Digital versions of collectible items like trading cards

Q: What is the difference between owning a digital file vs owning an NFT? A: NFTs are a way to prove ownership and authenticity of the digital file

Q: What are reasons some NFTs are so expensive? A: All of these ;)

Q: In common crypto talk, what does it mean to mint an NFT? A: Being the first owner of the NFT, instead of purchasing it from another user

Q: How are NFTs being used today? A: All of these ;)

Q: Which of the following companies has NOT experimented around NFTs? A: Tesla (electric vehicle manufacturer

#6: Doing quests and winning rewards!

Link: “Doing quests and winning rewards!“

Q: In simple words, what is a quest? A: A series of tasks completed by users to earn rewards

Q: Which of the following is NOT a task a user can expect during a quest? A: Posting images of them riding a bike

Q: What is an example of a 'whitelist' perk as a quest's reward? A: Chance to purchase a project's tokens at a lesser price before the public sale

Q: Which of these is NOT a way of distributing rewards in quests? A: Points System: getting the project's points whose task is being done

Q: What is one of the ways to increase your chances of winning rewards in a regular quest? A: Selecting quests with fewer participants or a first-come-first-served format

Q: How are questing events/festivals different from regular ones? A: Events usually have quests with themes across days/weeks

Q: What are 'onchain' tasks in questing? A: Tasks completed by performing transactions on a blockchain

Claim your first NFT reward!

#1: What are airdrops, and how can they change your life?

Link: “What are airdrops, and how can they change your life?“

Q: In simple terms, what are airdrops? A: A free distribution of crypto tokens by a crypto project

Q: Assuming Uber were to do an airdrop, who would be rewarded? A: All of them :)

Q: Why do projects distribute their ownership via airdrops? A: It creates a more decentralized decision-making process

Q: How do tokens affect the 'governance' of a project? A: Users with more tokens have a greater voting power on project decisions

Q: Which of these is NOT a reason why projects do an airdrop? A: To generate revenue through transaction fees

Q: What's the difference between airdrop hunting and airdrop farming? A: Hunting focuses on being a regular user, while farming might use unfair methods

Q: Which crypto projects have done some of the biggest airdrops till date? A: All of these ;)

#2: Types of airdrops

Link: “Types of airdrops“

Q: In airdrops like Arbitrum, what is the commonly expected criteria? A: Users with more transactions and funds onchain will receive a larger airdrop

Q: In what ways are project points different from traditional token airdrops? A: All of these ;)

Q: Why are early adopter NFTs usually issued by projects? A: These NFTs serve as proof of a user's early contribution to a project

Q: What is the key difference between staking and liquidity farming? A: Staking has users lock up tokens, while liquidity farming is a way to get eligible for airdrops

Q: Why is it important to interact with testnets while hunting airdrops? A: Participating in the testnet can qualify users as early contributors for airdrop rewards

Q: What are examples of the other ways to qualify for airdrops? A: All of these ;)

Q: What does the snapshot of a crypto project refer to? A: The deadline for a user to complete tasks/interactions to qualify for an airdrop

Q: What is the main challenge with liquidity-based airdrops? A: The decreasing share of airdrop rewards as more users participate

Q: How can interaction-based airdrops be more beneficial for certain users? A: Users with less capital to begin with, can still earn the airdrop by maximising interactions

Q: Which of these is NOT good advice while choosing projects to farm? A: Focus on liquidity-based airdrops if you're not a whale

#3: How to earn huge $ from airdrops?

Link: “How to earn huge $ from airdrops?“

Q: What is NOT a crucial factor while deciding whether to hunt a project's airdrop? A: Size of the project's team

Q: What is one key indicator that a project is planning an airdrop? A: The project's documents mention keywords like "governance" and "decentralization."

Q: What are the right factors to estimate a project's valuation? A: The sector the project belongs to and the blockchain it operates on

Q: What is the risk to consider while hunting an airdrop? A: The airdrop rewards might not be worth the time and effort required to participat

Q: What are some airdrop hunting actions for a user with a low budget? A: All of these ;)

Q: Which of these is an example of 'essential' airdrop hunting actions? A: Bridging tokens to a blockchain and doing transactions

Q: Why is it important to follow KOLs (crypto influencers)? A: All of these ;)

Q: What does 'alpha' mean in crypto and airdrop hunting? A: Any valuable insight that gives users an advantage in making money in crypto

Q: What are some VC firms whose investments have lead to huge airdrops? A: All of these ;)

Q: What is the relationship between a project's category and its potential airdrop? A: Infrastructure projects like blockchains have bigger airdrops compared to DEXs, games, and others

Q: Which of these is NOT a good tip around hunting airdrops? A: Using multiple wallets and other hacks

#4: Things to keep in mind!

Link: “Things to keep in mind!“

Things to keep in mind!

Q: What can lead to disqualification of even genuine users from airdrops? A: Using different wallets and transferring funds between them

Q: How do projects fight back against Sybils? A: All of these ;)

Q: What are actions users DON'T undergo during proof of humanity? A: Sending tokens as payment

Q: What is the most important tool to stay safe from crypto scams? A: WalletGuard

Q: What is the purpose of having a burner wallet in crypto? A: Act as a temporary wallet for interacting with projects and avoiding scams

Q: What are factors that determine higher prices after a token's airdrop? A: All of these ;)

Claim your first airdrop and NFT rewards!