Sample questions
Sample questions with answers.
From the practice pool, with the answers shown. The exam asks its own set of 40.
The Power of DAO
1. How does the course describe what a DAO actually is?
- A government agency created specifically to regulate crypto projects
- A wallet app that's built only for storing, trading, and displaying NFT collections
- A type of physical mining rig used to validate blocks
- A community-run organization where members vote on decisions instead of one boss Correct answer
Why: A DAO (decentralized autonomous organization) is governed by its members voting on proposals, rather than by a single central decision-maker.
How to Make (and Lose) Money
2. Which of these does the course flag as ways people actually lose money in crypto, rather than just “the market went down”? (Select 3)
Choose all that apply.
- Keeping the seed phrase written down offline and completely private
- Sending funds to the wrong wallet address with no way to reverse it Correct answer
- Buying into hype without ever checking what the token actually does Correct answer
- Reading through a project's tokenomics carefully before investing any money
- Chasing a project with no clear yield source and unrealistic promised returns Correct answer
Why: The course names irreversible mistakes like wrong-address transfers, chasing unexplained high yields, and buying on hype alone as real ways people lose money — reading tokenomics and securing a seed phrase are the opposite, protective habits.
Basics of Blockchain
3. In a crypto course, someone asks why a network even needs “nodes” if a blockchain is just a list of transactions. What's the best answer?
- Nodes are the physical coins that get minted and safely stored away in a hardware vault somewhere
- Nodes only matter for NFT transactions, not for regular transfers
- Nodes are the accounts a project uses to market and promote its coin
- Nodes are the computers that store and check the ledger, so no single server controls it Correct answer
Why: Nodes keep independent copies of the ledger and verify new transactions, which is what lets the network run without a single central server.
Reading Tokenomics
4. A project's tokenomics says the team's tokens are on a vesting schedule. What does that mean?
- The team's tokens are locked forever and can never be sold or transferred
- The team's tokens move onto a separate blockchain reserved just for them
- The team's tokens earn a fixed rate of interest paid out by a bank
- The team's tokens unlock gradually on a set schedule, not all at once Correct answer
Why: Vesting releases insider tokens bit by bit on a schedule, so the team can't sell its whole allocation on day one — that's why it's one of the things to check when reading tokenomics.
Web3 & DeFi
5. How does the course describe DeFi in plain terms?
- A government program designed to replace banks and brokers entirely
- Financial services like lending or trading, built to run without a bank or broker Correct answer
- A single app that only ever lets you buy and sell one specific coin, nothing else
- A type of marketplace built only for buying and selling NFTs
Why: DeFi is the course's shorthand for financial services — lending, trading, and so on — running on-chain without a traditional bank or broker as the middleman.
Bridges and Layers
6. You want to move an asset from one blockchain to another. What connects the two chains so that's possible?
- A bridge, which connects two separate blockchains so assets can move between them Correct answer
- A DAO vote, which every cross-chain transfer needs approval from first
- Mining, which verifies and physically relocates the coin between chains
- A seed phrase, which is accepted everywhere as a universal master key on any blockchain
Why: Bridges are the mechanism the course names for connecting separate blockchains so value can move between them.
Real World Use Cases
7. A friend says crypto is “just for speculation, it doesn't do anything real.” Which example from the course pushes back on that?
- Using an NFT to automatically approve and unlock a large bank loan
- Using a wallet app as a private place to store personal photos
- Using blockchain to track a product through a supply chain so its origin is verifiable Correct answer
- Using a DAO to fully replace an entire elected national government
Why: The course points to supply-chain tracking as a concrete real-world use of blockchain beyond speculation — verifying an item's origin and journey on-chain.
The Wallet Illusion
8. Match Definitions to Terms:
Correct pairs
- Wallet: not a storage, but an agent that gives you access to your coins
- Private Key: a secret code generated by your wallet to control your funds
- Wallet Address: a public address derived from your private key, used to receive coins
- Blockchain: a massive database that stores coin ownership information