🪙 المپیاد زبان خارجه cex
🪙Win 10.000cexp in today's quiz! "Bitcoin vs. gold - which one will protect your wealth?"
🪙 Crypto Burning Explained: Why Do Coins Get Destroyed
🪙Win 10.000cexp in today's quiz! "Bitcoin vs. gold - which one will protect your wealth?"
1.Why is Bitcoin considered more scarce than gold?
✅ It has a fixed supply of 21 million coins.
2.What is the total maximum supply of Bitcoin?
✅ 21 million coins.
3.Why is Bitcoin considered better for transferring wealth across borders?
✅ It can be stored in a digital wallet and sent instantly.
4.What has been used as a store of value for thousands of years?
✅ Gold.
5.What is an important factor that could make Bitcoin more valuable over time?
✅ Its fixed supply and increasing demand.
6.Why do some investors hold both Bitcoin and gold?
✅ To diversify their portfolio.
7.Why is Bitcoin considered better for transferring wealth across borders?
✅ It can be stored in a digital wallet and sent instantly.
8.What was the final verdict in the video?
✅ Both Bitcoin and gold have value and can be used together.
9.What is a major advantage of gold over Bitcoin?
✅ It has been used for thousands of years.
10.What makes Bitcoin more portable than gold?
✅It can be sent digitally anywhere in the world.
11.Which asset is known for being highly volatile?
✅ Bitcoin.
12.What is an advantage of gold over Bitcoin?
✅It has a more stable price over time
🪙 Crypto Burning Explained: Why Do Coins Get Destroyed
How are coins burned?
✔️ By sending them to an inaccessible "burn address."
What part of Ethereum transactions get burned?
✔️ A portion of transaction fees
What is one of the main reasons for burning crypto?
✔️To reduce supply and increase scarcity
What happens to coins once they are sent to a burn address?
✔️They can never be retrieved
What is the potential downside of burning tokens?
✔️ It only works if the project has real demand
What is crypto burning?
✔️The process of permanently removing coins from circulation
What was one of the biggest meme coin burns?
✔️ Shiba Inu (SHIB) burning billions of tokens
Can burning crypto save a bad project?
✔️No, a useless token remains useless even if burned
Which project regularly burns its own tokens?
✔️ BNB (BNB)
What is a common reason why projects announce burns?
✔️To create hype and attract investors
What type of wallet is used for crypto burning?
✔️ A burn address with no private key access.
Why is crypto burning compared to throwing away money?
✔️Because burned tokens can't be recovered
@Spider_Wealth️✈️