Dop Quiz Answer — Road to Mainnet — Week 4, 3 & 2
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Road to Mainnet — Week 3
2024/02/14 –2024/02/28
Link: https://galxe.com/DOP/campaign/GCSYwt44PF
[Before diving into QnAs, I kindly request you to join my Telegram channel for the latest updates.
Unfortunately, I can’t share every new update on Medium, so joining the Telegram channel will ensure you stay informed.]
Question 1: What is the main challenge that larger and established businesses face when considering the use of cryptocurrencies in their day-to-day financial operations?
Ans: B. Over-transparency
Question 2: Why might businesses want to accept payments in crypto?
Ans: A. To attract and retain tech-savvy customers
Question 3: Why do businesses want to encrypt their assets when using crypto?
Ans: B. To comply with legal requirements and/or internal policies
Question 4: What is DOP’s main purpose?
Ans: A. To redefine data ownership
Question 5: What does ‘selective transparency’ mean?
Ans: D. Choosing what data to disclose and keep private
Question 6: How does DOP benefit business users operating in crypto?
Ans: C. By giving full data ownership and selective transparency
Question 7: What does DOP allow users to choose regarding their data?
Ans: B. Who can view their data and when
Question 8: Why do businesses use DOP?
Ans: C. To keep data confidential while staying compliant
Question 9: What are the on-chain benefits of DOP or business?
Ans: D. Lower transaction fees and greater throughput
Question 10: What does DOP work with currently, and what is its future integration plan?
Ans: B. DOP works with Ethereum and MetaMask, planning to become chain- agnostic and integrate with most wallets
Question 11: What does DOP advocate for regarding data stewardship?
Ans: B. Selective transparency
Question 12: Why is proving the legitimacy of funds important for businesses using crypto in Web3?
Ans: C. To prevent money laundering and fraud
Question 13: How does DOP address the challenge of proving the legitimacy of funds while maintaining privacy?
Ans: C. By offering a middle ground between privacy and transparency
Question 14: How many official X (Twitter) community accounts does DOP own? (incl. the main account)
Ans: D. 5
Question 15: How many users did DOP celebrate recently that completed the testnet?
Ans: A. 1M users
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Week 2
2024/02/06 –2024/02/27
Question 1: What is the main issue addressed by DOP?
And. Over-transparency
Question 2: Why do individuals in Web3 want to encrypt their assets?
Ans. To protect sensitive financial information
Question 3: What is NOT a reason for individuals wanting to showcase their assets?
Ans. Wanting to receive targeted crypto ads
Question 4: What is the transparency vs privacy dilemma?
Ans. Users disagree on the extent of transparency and privacy
Question 5: What does selective transparency mean?
Ans. Deciding which data to encrypt and share
Question 6: What is the primary benefit of DOP for individual users?
Ans. Full data ownership
Question 7: What does DOP enable users to do with their financial data?
Ans. Choose what to display and to whom
Question 8: Currently, which blockchain does DOP work with?
Ans. Ethereum
Question 9: What date did DOP reach 100K X followers?
Ans. 17th December 2023
Question 10: In what country did DOP host a December Christmas?
Ans. Philippines
