Syntax Verse Daily Quiz Answer 07 August 2025: Answer Inside!

Syntax Verse Daily Quiz Answer 07 August 2025: Claim Rewards!

Syntax Verse Daily Quiz Answer 07 August 2025: Claim Rewards!

Looking for the answer to today's Syntax Verse Daily Quiz Answers 07 August 2025? You're in the right place! Collect your rewards by answering today's Syntax Verse quiz: "What is a key difference between Web3 and Web2 platforms?" with CoinGabbar.

About Syntax Verse:

Syntax Verse is an innovative Web3 mining project that was launched on March 17, 2025. People can earn tokens through mining. The site created a lot of buzz right after its release, attracting over 50,000 users.

Available on Android and iOS:

There is a SyntaxVerse Application in the Android and iOS phones also, and thus allowing users to mine and manage their coins simply. The app August be downloaded from the Google Play Store or the App Store.

Here are Syntax Verse Daily Quiz Answer 07 August 2025:

Quiz: What do gas fees represent on a blockchain like Ethereum?

Answer: D) Payment to execute transactions or smart contracts.

For extra rewards, check out ARI Wallet Daily Quiz Answer 07 August 2025  Play and Earn $Gems and explore more thrilling tasks!

Syntax Verse Daily General Quiz Answer

DeFi 2.0

Question 1: What is DeFi 2.0 primarily focused on improving compared to DeFi 1.0?

Answer: A) Liquidity sustainability and protocol-owned liquidity.

Question 2: Which concept is central to DeFi 2.0 protocols like OlympusDAO?

Answer: B) Protocol-owned liquidity (POL).

Question 3: What does POL (Protocol-Owned Liquidity) reduce reliance on?

Answer: C) Temporary liquidity incentives.

Question 4: Which is a commonly mentioned benefit of DeFi 2.0?

Answer: D) Sustainable and self-owned liquidity.

Monero

Question 1: What is the primary focus of Monero as a cryptocurrency?

Answer: B) Privacy and anonymity.

Question 2: What algorithm does Monero use for mining?

Answer: C) RandomX.

Question 3: What is a key privacy feature that Monero uses?

Answer: A) Ring signatures.

Question 4: Unlike Bitcoin, Monero hides:

Answer: B) The sender, receiver, and amount of transactions.

Question 5: What is the ticker symbol for Monero?

Answer: D) XMR.

subDAOs

Question 1: What does the term “SubDAO” stand for?

Answer: C) Sub-Decentralized Autonomous Organization.

Question 2: What is a SubDAO primarily used for within a DAO structure?

Answer: D) Delegating responsibilities and governance.

Question 3: Which of the following best describes a SubDAO’s relationship to the main DAO?

Answer: A) It handles specific tasks or sectors within the main DAO.

Question 4: What is one of the benefits of using SubDAOs?

Answer: C) Better scalability and specialization.

Question 5: What is one risk of using SubDAOs?

Answer: D) Governance fragmentation or coordination issues.

Securities laws

Question 1: What is a security in financial terms?

Answer: D) An investment contract or tradable financial asset.

Question 2: Why are securities laws important in crypto?

Answer: C) To protect investors and prevent fraud.

Question 3: Which U.S. organization enforces securities laws?

Answer: B) SEC.

Question 4: What does the Howey Test determine?

Answer: A) If something is a security.

Social engineering in crypto

Question 1: What does “social engineering” mean in the context of crypto?

Answer: B) Manipulating people to give up confidential info.

Question 2: Which of the following is an example of social engineering?

Answer: A) Sending a phishing email posing as a crypto exchange.

Question 3: What’s a common goal of social engineering attacks in crypto?

Answer: B) To access a user’s private key or wallet.

Question 4: What is a “phishing” attack in crypto?

Answer: C) Tricking users to enter private data on fake sites.

Front-running in DeFi

Question 1:  What does front-running in DeFi typically involve?

Answer:  B) Placing a transaction in front of someone else’s for profit.

Question 2:  Which platform characteristic enables front-running in DeFi?

Answer:  B) Public mempools.

Question 3: Front-running is considered a type of which of the following?

Answer: C) MEV (Miner Extractable Value.

Question 4: Which network condition increases the chance of front-running?

Answer: C) High network congestion.

Earn More SYNTAX Verse through Quizzes:

The presence of random and daily quizzes on the platform allows audience members to earn extra tokens. Quizzes add a bit of entertainment and reward to the process of mining.