Image source: Block Media
Upbit Unveils ENA Quiz Event with 4.5 Million ENA Token Rewards Up for Grabs
Upbit, a leading digital asset exchange, announced on October 12 its collaboration with Ethena (ENA), an innovative Ethereum-based DeFi project, to host an exciting new quiz event. Designed to educate users about the Ethena project while offering rewards, the event features a substantial prize pool of 4.5 million ENA tokens to be shared among successful participants.
The initiative aims to not only increase user engagement but also provide valuable insights into the workings of Ethena, encouraging participants to learn while earning.
Ethena: A New Era in Decentralized Finance
At the core of this event is Ethena, an Ethereum-based synthetic dollar protocol aspiring to introduce a revolutionary concept: the "Internet Bond." Ethena’s mission is to create a digital currency system entirely independent of traditional financial institutions, paving the way for a decentralized, internet-native monetary system.
The event kicks off immediately following its October 12 announcement and will remain open for participation until 11:59:59 p.m. on October 15. However, the event will conclude earlier if the participation limit of 120,000 users with perfect quiz scores is reached.
Participation Requirements and Event Procedures
Upbit users seeking to take part must first complete the Know Your Customer (KYC) verification process. After verification, participants gain access to a tailored educational portal featuring detailed learning resources about Ethena and its ENA token. The core activity of the event is completing a 10-question multiple-choice quiz based on these materials. A perfect score qualifies users for the reward pool.
To ensure fairness and accessibility, participants are granted up to three attempts to achieve a perfect score. The timer for each quiz attempt is capped at 30 minutes. It is critical to note that the timer will continue running even if the user navigates away from the quiz page. Submissions beyond the limit of three attempts or those made after the 120,000-qualified-user cap is met will not be considered, even if the score is perfect.
Reward Distribution and Announcement
The total prize pool of 4.5 million ENA tokens will be equally distributed among the first 120,000 participants who achieve a perfect score on the quiz. Prospective winners are urged to act promptly to secure their placement, given the popularity of such events and the strict cap on winners.
Winners and reward distributions will be officially announced and processed by September 26, ensuring a transparent and timely conclusion to the event.
Important Guidelines for Effective Participation
To maximize success in the ENA quiz event, participants must adhere to the following key guidelines:
- Time Management: Ensure the entire quiz is completed within 30 minutes per attempt; plan your time wisely to avoid running out of time mid-quiz.
- Three-Try Rule: Use the three attempts strategically for the best chance of a perfect score. Results from the latest submission will be the score considered for eligibility.
- Perfect Timing: Begin quiz submissions as soon as possible to avoid being excluded in case the 120,000 winner cap is reached early.
For participants eager to stay informed about event updates and further information, Upbit recommends following verified communication channels such as Block Media’s Telegram or Google News.
Final Thoughts
The ENA quiz event represents a unique opportunity for Upbit users to both expand their understanding of Ethena’s disruptive approach to decentralized finance and earn valuable ENA tokens as a reward. By successfully integrating education and engagement, Upbit is shaping a more informed and empowered crypto community. Don't miss this chance to join the forefront of DeFi innovation—act fast to secure your spot among the winners!
