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ApolloX Learn & Earn: 21 - 25 January Answers
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Article 1: NFT Trends & Collections You Must Know (
https://apollox.link/NFTtrends
)
1A. What contributes to the popularity of trending NFTs?
*
Utilization of star power
Unique value proposition
Strong storytelling
All of the above
1B. If an NFT relies solely on the influencer’s star power but does not have aesthetic value, its popularity cycle will be very short.
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True
False
Article 2: Liquidity Mining vs Yield Farming (
https://apollox.link/LMYF
)
2A. Liquidity mining is a subset of yield farming.
*
True
False
2B. One main risk of liquidity mining is impermanent loss. Why does impermanent loss occur?
*
You supplied more of one token in the beginning, when you first deposited your funds into the pool.
People trade much more on one side of the pool versus the other, causing an imbalance.
Article 3: ApolloXplains Quick Snap - LooksRare (
https://apollox.link/LooksRare
)
3A. Users have to list an NFT on LooksRare before they can claim the LOOKS token airdrop.
*
True
False
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