Who can vote on 1inch proposals? Revolut Crypto Quiz Answers

Who can vote on 1inch proposals?

The Correct answer is Users who stake their 1INCH tokens.

Users who stake their 1INCH tokens are typically participating in a process known as "staking." Staking involves holding tokens in a cryptocurrency wallet to support the operations of a blockchain network. In the case of 1INCH tokens, staking them can serve various purposes, such as:

1. Governance: Some protocols allow token holders to participate in governance decisions by staking their tokens. This gives them voting rights on proposals or changes to the protocol.

2. Security: Staking tokens can help secure the network by incentivizing token holders to act honestly. In some proof-of-stake (PoS) networks, stakers are rewarded for securing the network.

3. Rewards: Staking can also earn rewards in the form of additional tokens. These rewards are often distributed from transaction fees or newly minted tokens.

4. Liquidity provision: Some platforms require staked tokens to provide liquidity for decentralized exchanges or other DeFi applications.

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What Is The Revolut Crypto Quiz?

Revolut, a financial technology firm, has launched a new educational initiative called the Revolut Crypto Quiz. This initiative aims to attract more users to its platform. Users can earn free Polkadot tokens, valued up to $15, by participating in interactive quizzes.

To participate, users need to register with Revolut and play the quiz. The quiz focuses on the Polkadot ecosystem and is divided into nine short, informative lessons.

The first set of quizzes is already available for users to play. However, Revolut has not announced when the next set of quizzes will be released.