Embarking on a journey to learn more about cryptocurrencies while earning rewards may sound like an attractive proposition.

This is exactly what Revolut’s innovative feature called Crypto Learn & Earn offers.

Crypto Learn & Earn is an education tool seamlessly integrated into the Revolut app. It grants users a chance to earn cryptocurrency rewards upon successfully completing various lessons on crypto.

These rewards, in the form of digital tokens, are added directly to the user’s balance.

To participate in the Revolut Crypto Quiz, the first requirement is to have a Revolut account.

Once you’ve set up an account you can access the Crypto Quiz through the following steps:

1. Open the Revolut app on your device.
2. Navigate to the hub section of the app.
3. Tap on the Crypto icon, which will direct you to a new page.
4. Scroll down this page until you find the Learn section.
5. Within this Learn section, you’ll find the Crypto Quizzes. Tap on it to begin your journey of learning about crypto while earning rewards.

The quiz covers a wide range of cryptocurrencies including Algorand, Avalanche, Polkadot, and 1inch. Each quiz is divided into separate lessons,  that focuses on a specific cryptocurrency and requires users to answer all questions correctly to earn tokens.

We’ve completed the tests and gathered all the answers for you to reference. Currently, Revolut offers six quizzes: Crypto Basics, Polkadot, 1inch, Polkadot Bonus, Avalanche and Algorand.

Revolut Crypto Basics Answers

Revolut’s Crypto Basics Quiz provides a fundamental understanding of cryptocurrencies, blockchain technology, and associated risks. Each lesson concludes with a test assessing comprehension.

Once you complete them, you’ll be rewarded with DOT (Polkadot) tokens worth 1 EUR, although the actual amount can vary between countries.

Lesson 1: Crypto vs Fiat Quiz Answers

• Question 1: What is ‘fiat’ money?
• Answer: Government-issued money.
• Question 2: What are the main differences between fiat currencies and cryptocurrencies?
• Answer: Cryptocurrencies are decentralised, while fiat money is controlled by a central authority.
• Question 3: Who validates transactions on the blockchain?
• Answer: Special users referred to as ‘miners’ or ‘validators’.

Lesson 2: Cryptography in Crypto

• Question 1: Why is cryptography important for cryptocurrencies?
• Answer: It removes the need for a central authority, prevents double spending, and adds security.
• Question 2: What are private and public keys?
• Answer: A public key is like your account number, and your private key is like your password.
• Question 3: Which statement is true about private and public keys?
• Answer: It’s impossible to work out someone’s private key by looking at their public key.

Lesson 3: Basics of Blockchain

• Question 1: What is a Blockchain?
• Answer: A decentralised database.
• Question 2: Who can view the Blockchain?
• Answer: Anyone with a computer and internet connection can view the Blockchain.
• Question 3: What makes the Blockchain different from a regular database?
• Answer: It isn’t controlled by a central party and can be viewed by anyone.

Lesson 4: Risks of Crypto

• Question 1: What regulatory protections does your crypto have?
• Answer: None – crypto is not regulated in most countries around the world.
• Question 2: How much can you lose if you buy crypto?
• Answer: Everything – your investment could go to zero.
• Question 3: When would it not be suitable to buy crypto?
• Answer: When you are in debt, or you cannot afford to lose the money invested.

Revolut Polkadot Quiz Answers

Revolut’s Polkadot Quiz aims to deepen users’ knowledge of the Polkadot blockchain platform and its DOT tokens. It covers aspects such as Polkadot’s operations, governance, the function of DOT tokens, and potential applications.

Divided into five modules, the quiz helps users understand Polkadot’s attempt to address limitations of earlier blockchains. Users who successfully complete the quiz are rewarded with Polkadot (DOT) tokens worth an estimated 1 EUR.

Lesson 1: Intro to Polkadot

• Question 1: What are some limitations of early blockchains like Bitcoin?
• Answer: Slow transaction speeds, high fees and incapability to communicate with other blockchains.
• Question 2: What is Web 3.0?
• Answer: A new web built around decentralised technologies, where users have more control over their data.
• Question 3: How does Polkadot address some of the limitations of earlier blockchains?
• Answer: It allows multiple blockchains to communicate with each other and process transactions at the same time.

Lesson 2: Polkadot’s Operations

• Question 1: What is a relay chain?
• Answer: A blockchain that links other blockchains and allows them to communicate.
• Question 2: What is a parachain?
• Answer: A blockchain that connects to the Relay Chain and operates in parallel with other parachains.
• Question 3: What issues do parachains and relay chains solve?
• Answer: The inability of blockchains to communicate with each other.

Lesson 3: Who decides the future Polkadot?

• Question 1: Who can vote for new initiatives upgrades on the Polkadot network?
• Answer: People who hold Polkadot (DOT) tokens.
• Question 2: What is the ‘on-chain’ treasury of Polkadot?
• Answer: It is a pot of tokens used to sponsor projects beneficial to the Polkadot network.
• Question 3: How does the governance system of Polkadot differ from other popular blockchains?
• Answer: It’s governance is driven by community-based voting.

Lesson 4: The DOT Token

• Question 1: What is the name of Polkadot’s cryptocurrency token?
• Answer: DOT.
• Question 2: What does it mean to ‘stake’ your Polkadot (DOT) tokens?
• Answer: Helping securing the network by locking up DOT tokens in exchange for DOT rewards.
• Question 3: What does it mean to ‘bond’ your Polkadot tokens?
• Answer: Locking up tokens to ensure a slot for your parachain on the relay chain.

Lesson 5: Polkadot and its use

• Question 1: What are the possible uses of Polkadot?
• Answer: NFTs, DeFi, powering smart cities, and more.
• Question 2: How do apps built on Polkadot differ from the apps on your mobile device?
• Answer: Apps built on Polkadot don’t need a middleman to work and can keep your data safe.
• Question 3: How do applications on parachains communicate?
• Answer: Via the Relay Chain.

Revolut 1inch Quiz Answers

Lesson 1: Decentralized Exchanges

• Question 1: Who facilitates an exchange on a DEX?
• Answer: No one. The exchange is peer-to-peer.
• Question 2: Which of the following is a decentralized exchange?
• Answer: Uniswap.
• Question 3: What does DEX stand for in the context of crypto?
• Answer: Decentralised Exchange.

Lesson 2: How do DEX aggregators work?

• Question 1: What is 1inch’s price search algorithm called?
• Answer: Pathfinder.
• Question 2: How does 1inch compare prices?
• Answer: 1inch aggregates trade options across various DEX platforms.
• Question 3: Which of the following isn’t a feature of 1inch’s Pathfinder?
• Answer: Providing directions to your destination.

Lesson 3: DAOs and Governance

• Question 1: Which of the following describes a characteristic of a DAO?
• Answer: Decentralized.
• Question 2: Who can vote on 1inch proposals?
• Answer: Users who stake their 1INCH tokens.
• Question 3: What is an example of a proposal DAO members could vote on?
• Answer: Allocationg treasury funds to a specific proposal.

Revolut Polkadot Bonus Quiz Answers

Lesson 1: Staking with Polkadot

• Question 1: What is Nominated Proof of Stake?
• Answer: Polkadot’s energy-efficient way of transaction validation.
• Question 2: What are Nominators?
• Answer: Users who stake their DOT tokens by choosing validators.
• Question 3: What are the primary reasons users participate in staking?
• Answer: To contribute to network security and earn DOT rewards.

Lesson 2: Linking the Chains

• Question 1: Which of the following isn’t a benefit of Polkadot’s multichain design?
• Answer: It allows users to earn rewards.
• Question 2: What does blockchain interoperability mean?
• Answer: It refers to the ability of blockchains to communicate and collaborate.
• Question 3: Which of the following isn’t an aspect of interoperability on Polkadot?
• Answer: It’s only for transferring tokens.

Revolut Avalanche Quiz Answers

The Avalanche Quiz by Revolut provides a deep dive into the Avalanche platform and its scaling methods. It comprises two lessons focusing on the Avalanche Consensus Protocol, AVAX token, Avalanche validators, Subnets, and their benefits. Users who successfully complete the quiz will earn Avalanche (AVAX) tokens as a reward, valued at approximately 1.5 EUR.

Lesson 1: What is Avalanche?

• Question 1: What is the native token of Avalanche?
• Answer: AVAX.
• Question 2: What is true about the Avalanche Consensus Protocol?
• Answer: The Avalanche Consensus Protocol consumes less energy than other blockchains.
• Question 3: What is a requirement to be an Avalanche validator?
• Answer: Stake at least 2,000 AVAX tokens.

Lesson 2: How does Avalanche Scale?

• Question 1: What does Avalanche use to increase transaction speed?
• Answer: Subnets.
• Question 2: Why are Subnet’s membership options beneficial for financial services companies?
• Answer: They can support compliance requirements.
• Question 3: What is one long-term benefit of Subnets for users?
• Answer: More affordable gas fees.

Revolut Algorand Quiz Answers

Revolut’s Algorand Quiz educates users about the Algorand blockchain and its approach to sustainability. It consists of two lessons exploring Algorand’s features, its Pure Proof of Stake consensus protocol, and its carbon-neutral initiative. After successfully completing the quiz, users earn Algorand (ALGO) tokens worth about 0.2 EUR.

Lesson 1: Intro to Algorand

• Question 1: Which of the following is true about transactions on Algorand?
• Answer: They are secure, super fast, and low cost.
• Question 2: What is Algorand’s consensus protocol?
• Answer: Pure Proof of Stake.
• Question 3: How is Algorand different from other blockchains?
• Answer: It doesn’t fork.

Lesson 2: Algorand & Sustainability

• Question 1: What makes Algorand sustainable?
• Answer: All of the above.
• Question 2: What happens if a governor doesn’t maintain their stake of ALGO during the governance period?
• Answer: They will lose their governance rewards.
• Question 3: How does Algorand achieve carbon neutrality?
• Answer: By partnering with global organisations to offset carbon emissions.

So there you have it. Revolut’s Crypto Learn & Earn offers a unique opportunity to gain comprehensive knowledge about the ever-evolving world of cryptocurrencies while earning rewards in the process.

Whether you are a newbie or an experienced crypto investor, this innovative feature makes for an engaging way to learn more about various digital currencies and their underlying technology. As you can see from the answers we have provided above, the questions are carefully designed to ensure a thorough understanding of each topic.

However, remember, the real reward lies not in the cryptocurrency tokens you earn, but in the rich knowledge you gain. The rewards serve as an extra motivation to dive deeper into this exciting and revolutionary world.

Understanding the fundamentals of cryptocurrencies, blockchain technology, decentralized finance, and more, is indeed a rewarding experience in itself.

Make sure you keep an eye out for more quizzes and rewards in the future. And as always, be sure to complete each lesson carefully to ensure you are well-equipped to navigate the volatile landscape of cryptocurrencies.

So why wait? Open your Revolut app and start your Crypto Learn & Earn journey today!

Understanding the reward system of Revolut’s Crypto Learn and Earn

Revolut’s Crypto Learn and Earn initiative is an engaging blend of education and rewards. But how does one handle the rewards earned from this program? This section will delve into the specifics of the reward system, answering frequently asked questions and providing a comprehensive guide to optimizing your experience with Revolut’s Crypto Learn and Earn.

Utilizing your rewards

Once you’ve earned cryptocurrency rewards through the program, they function like any other cryptocurrency in your Revolut account. You have the freedom to sell or transfer it to another user at any time.

The currency of rewards

All rewards from the Crypto Learn & Earn program are paid in cryptocurrency. However, the equivalent value of this cryptocurrency in fiat currency (like USD, GBP, etc.) is also provided for reference. The specific cryptocurrency you receive as a reward will reflect its market price at the time you complete the lesson.

Multiple rewards: A possibility?

Unfortunately, you can only receive a reward for each lesson or course once. While you are welcome to revisit the lessons for revision purposes, additional rewards cannot be claimed.

Availability of rewards

The availability of rewards is limited. If a particular reward is not displayed, it is likely that the reward pool for that lesson has been exhausted. Also, if you’ve already claimed a reward from a lesson, you’re not eligible to claim it again.

Geographic availability of Crypto Learn & Earn

Revolut’s Learn & Earn program is currently available in the EEA, the UK, Switzerland, Australia, New Zealand, Singapore, and Brazil. Users in other regions should stay tuned for future updates!

Reward amounts

The reward amount for each course can be viewed within the app. Please note that the reward amount may vary based on your crypto activity and can change over time. Additionally, if you take too long to complete the course, the reward offer may expire.

Delayed rewards

If you’ve completed a lesson but haven’t received a reward, don’t worry. Rewards can take up to a day to appear in your account. Also, ensure that all lessons within a course are completed to receive the full reward amount.

Accessing lesson content post completion

While you can freely access all lesson content after completion, please remember that rewards cannot be claimed more than once for the same lesson.

Course accessibility

To access advanced courses, users must first complete the ‘Crypto Basics’ course. This foundational course provides essential knowledge required for subsequent courses. So, even if you’re a crypto expert, consider it a useful refresher!

Changes in reward amount

Please note that Revolut reserves the right to alter the reward amount or remove it entirely. To maximize your rewards, aim to complete all lessons promptly.

In conclusion, the Crypto Learn & Earn program by Revolut is a fantastic way to enhance your crypto knowledge while earning rewards. By understanding the reward system better, you can make the most of this unique opportunity.