CEX.IO Power Tap Daily Quiz Answer Today 13 April 2025: Win Big!

CEX.IO Daily Crypto Quiz Offers Education and Rewards for Users Worldwide

13 April 2025

CEX.IO, a global cryptocurrency exchange and blockchain platform, continues to expand its outreach to users with its daily “Power Tap” quiz—a gamified learning initiative that aims to reward users for enhancing their understanding of digital finance. The quiz, held every day, encourages active participation through short educational videos followed by interactive questions.

Today’s quiz, dated 13 April 2025, focuses on two thought-provoking themes: Why Simplicity Beats Complexity in Crypto and How Central Bank Digital Currencies (CBDCs) Are Rewriting Your Wallet. Participants stand the chance to earn rewards such as tokens and platform bonuses simply by engaging with the content and submitting correct answers.

What Is the Power Tap Quiz?

The Power Tap quiz is a recurring feature on the CEX.IO platform designed to motivate users to remain active and informed in the ever-evolving world of digital currencies. Each session includes a brief educational video on a trending or foundational crypto topic, followed by a set of questions. Correct answers lead to rewards, reinforcing learning through incentives.

The initiative serves a dual purpose: it keeps users updated on key crypto trends and provides a straightforward way for them to engage with the platform regularly.

Quiz Answers for 13 April 2025

Today's quiz, themed around simplifying crypto and demystifying Central Bank Digital Currencies, includes two tasks.

Task 1: The Most Useless Indicators That Everyone Still Uses

This segment offers a humorous critique of some of the most commonly used—but often misunderstood—market indicators. Among the key takeaways:

• Why are moving averages called “rearview mirrors”?
  Because they reflect past data rather than predicting future movements.

• Why is MACD considered slow?
  It typically signals action after market changes have already occurred.

• How does the video portray Fibonacci retracement?
  As a mystical tool from the 13th century now used to justify modern coin predictions, such as those involving Shiba Inu.

• What is the final takeaway about indicators?
  They are tools to assist analysis, not prophetic instruments.

• What is MACD designed to illustrate?
  Momentum in price movement.

• How is RSI characterised in the video?
  As the "drama queen" of indicators, often overstating conditions.

• What is said about the so-called death cross?
  That it frequently appears after a market crash has already occurred.

• What happens after traders draw Fibonacci lines?
  They feel clever—until the market turns against them.

• How are Bollinger Bands described?
  Like "price in a padded cell"—constraining, yet unpredictable.

• What does RSI often indicate?
  Overbought or oversold market conditions.

Task 2: How CBDCs Are Rewriting Your Wallet

The second section delves into the growing global momentum around Central Bank Digital Currencies and their potential to reshape the financial landscape:

• How might central banks use CBDCs during economic downturns?
  By airdropping stimulus payments directly to citizens’ digital wallets.

• Why are governments attracted to CBDCs?
  Because of enhanced transparency, allowing better tax enforcement.

• Which Caribbean nation introduced the Sand Dollar?
  The Bahamas.

• How do CBDCs foster financial inclusion?
  By enabling banking access through mobile phones in underbanked areas.

• Which country’s CBDC is called e-CNY?
  China.

• What risks are associated with CBDC system failures?
  Digital assets could vanish if centralised systems malfunction.

• What are the privacy concerns?
  All transactions are trackable, raising surveillance concerns.

• How do CBDCs accelerate transaction speeds?
  They are processed digitally, bypassing physical cash infrastructure.

• What is the benefit for cross-border payments?
  CBDCs can significantly reduce processing times and fees.

• What cost do CBDCs help reduce for central banks?
  The expense associated with minting and printing physical currency.

• What is a CBDC in simple terms?
  A digital version of cash issued and controlled by a central bank.

How to Participate

To take part in the Power Tap quiz or other promotional events hosted by CEX.IO, users need to create an account on the platform. Once registered, users can access the quiz, watch informative clips, and respond to questions. Correct answers result in token rewards or bonus credits that can be used on the exchange.

The platform also operates a Telegram-based airdrop campaign, through which users can earn free cryptocurrency by performing basic tasks such as joining groups, sharing referral links, or inviting friends. These initiatives are popular with both beginners and experienced traders looking to explore new digital assets without financial risk.

Main Features of the Quiz

• Educational Purpose: Designed to promote deeper understanding of cryptocurrency, blockchain, and financial technology.

• Daily Refresh: The content updates daily, offering new insights and keeping users engaged.

• Gamified Format: The quiz uses timed, multiple-choice questions to increase challenge and interest.

• Community Engagement: Many users collaborate in forums and chat groups to discuss answers and learning points.

• Incentivised Learning: By rewarding correct responses, the platform encourages consistent educational growth.

Conclusion

As the crypto space becomes more complex, CEX.IO’s Power Tap quiz represents a refreshing blend of education and entertainment. Whether exploring misunderstood trading indicators or understanding how CBDCs might affect personal finance, users are rewarded for their curiosity. With the added bonus of platform rewards and a vibrant community, the daily quiz is fast becoming a staple for crypto learners around the globe.

For those seeking to deepen their understanding of cryptocurrency while gaining tangible benefits, participating in the Power Tap quiz and related Telegram airdrops offers both insight and incentive. In an industry where knowledge is often the best defence, this approach could well be the future of digital financial literacy.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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