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Binance Learn & Earn Quiz Answers
New Binance Learn & earn quiz of RUNE, BSW, JASMY coins will be organised on 2nd June 2022. We will post 1st on net quiz answer of this Binance Learn & Earn quiz.
BUSD, REEF , Polkastarter , Harmony, QTUM, COTI, SHIBA, Threshold Network Already Added Below
Binance Learn & Earn REFF Quiz answers
| Binance Learn & Earn REFF Quiz | Answers |
|---|---|
| What consensus mechanism does the Reef ecosystem use? | Nominated Proof of Stake |
| What does Reef stand for? | Reliable, Extensible, Efficient, Fast |
| How much does the average transaction cost on Reef? | $0.17 |
| What does REEF-20 mean? | The native utility token that powers the Reef blockchain |
| How many types of REEF tokens exist on the market? | 3 |
| What is Reef Finance? | A layer 1 blockchain for DeFi, NFTs, and gaming |
| What is Reef’s current max token supply? | There is no max supply |
| What are the types of REEF tokens? | All of the options |
| How many transactions per second (TPS) is Reef able to process? | Over 460 TPS |
Binance Learn & Earn “T”(Threshold Network) Quiz Answers
| Binance Learn & Earn T (Threshold Network) Quiz | Answers |
|---|---|
| Proxy Re-encryption allows the sharing of encrypted data without decryption of data or the sharing of private keys. True or False? | true |
| tBTCv2 is a bridge between Bitcoin and ____? | Ethereum |
| tBTCv2 is the only bridge bringing your Bitcoin to Ethereum that preserves open access and doesn’t require you to trust a third party. True or False? | true |
| What is NOT a feature of threshold cryptography? | Reliance on central authority (X) |
| Proxy re-encryption is designed to ____? | Protect user data and enforce access controls |
| Which are features of the Threshold Network? | All are correct. |
| Threshold was created from the first-ever decentralized merger of the NuCypher and ___ Networks? | keep |
| Threshold cryptography empowers users to no longer have to make a trade-off between usability and ____. | Privacy |
Binance Learn & Earn BUSD Quiz answers
| BUSD Quiz | Answers |
|---|---|
| I have noticed that…. | False |
| The main benefit of keeping …. | False |
| Why KYC ? | – Its part … – KYC improves … – KYC Check … – KYC proactively … |
| What is Cryptocurrency? | A Cryptocurrency is a form of digital cash that enable …. |
Binance Learn & earn XTZ Quiz answers
| Binance XTZ Quiz | Answers |
|---|---|
| What is Tezos’ native coin? | tez (xtz) |
| How does Tezos increase security in the network? | By being deeply decentralized |
| What are some of the types of decentralized applications built on the Tezos blockchain? | All of the above |
| What are some use cases of Tezos’ native coin? | Voting rights dan Becoming a validator (pilih 2 2 nya) |
| Who can participate in securing the network? | – Users who delegate their Tez (XTZ) tokens to bakers – Validators called bakers (pilih 2 2 nya) |
| What is the consensus mechanism model used by Tezos called? | Liquid Proof of Stake |
| What Is Tezos (XTZ)? | Tezos’ unique self-amending protocol prevents hard forks, dan Tezos’ code is open-source code |
Binance Learn & earn IMX Quiz answers
| Binance IMX Quiz | Answers |
|---|---|
| Which blockchain is the Immutable X ecosystem built for? | Ethereum |
| Users can trade NFTs on any of the marketplaces built on Immutable X. | TRUE |
| What can token holders do with the IMX token? | Pay for fees on Immutable X, Vote for governance proposals, Stake to earn IMX rewards (pilih 3 3 nya) |
| Who can build on IMX? | All are correct |
| What can users do with the Immutable X APIs and SDKs? | All are correct |
| Which scaling technology does Immutable X use? | ZK-Rollups |
| Which statement best describes Immutable X? | A layer 2 scaling solution for NFTs on Ethereum. |
| Which Immutable X feature can enhance the liquidity of NFT assets? | The Immutable X global order book |
| What is Immutable X trying to achieve? | All are correct |
| Which ZK proof does Immutable X use? | STARK proof |
Binance Learn & earn MULTI Quiz answers
| Binance MULTI Quiz | Answers |
|---|---|
| What are the use cases of MULTI? | Governance and staking |
| How many tokens are currently supported by Multichain? | 1000+ |
| What is the total supply of Multichain’s native token? | 100 M |
| What are the solutions that Multichain offers for seamless transfer of assets? | Cross-Chain Bridges, Routers, and anyCall |
| What is the native coin of Multichain? | MULTI |
| How is consensus reached in Multichain? | Independent nodes that own part of a private key collectively sign transactions. |
| Interoperability is the concept of independent blockchains being able to interact with each other. | true |
| What benefits do users sending assets from one network to another enjoy? | All are correct. |
| What’s the difference between Multichain’s bridges and routers? | Bridges enable interoperability between two chains while routers enable interoperability between any chain. |
Binance Learn & Earn SHIB Quiz Answers
| Binance Learn & Earn SHIB Quiz | Answers |
|---|---|
| Using BND Trading Fees grant users a discount | True |
| Binance Flexible Savings can not be subscribed to and redeemed | False |
| What is the trading fee when I use Binance Crypto to Buy | 0 |
| What are the essential steps to get started | Select All |
| A Market Order is type of order to buy or sell a security at a specified price is better | False |
| I don’t need to complete KYC to buy Crypto | False |
Binance Learn & Earn Terra (LUNA) Quiz Answers
| Binance Terra (LUNA) Quiz | Answers |
|---|---|
| Q1. What US dollar amount of LUNA can you convert one TerraUSD into? | $1 |
| Q2. Terra stablecoins are overcollateralized. True or false? | False |
| Q3. Which of the following fiat currencies have stablecoin versions on Terra? | All of the above |
| Q4. Where can you stake LUNA to take part in Terra governance? | Terra Station |
| Q5. For its consensus mechanism, Terra uses: | Delegated Proof of Stake |
| Q6. Terra is based in Mongolia. True or false? | False |
| Q7. Anchor Protocol allows users to borrow crypto through: | Over-collateralization |
| Q8. You can earn ANC on Anchor Protocol by: | Staking certain LP Tokens, Staking ANC, Borrowing stablecoins |
| Q9. Terra was created using: | Cosmos SDK |
Binance Learn & Earn WOO Quiz Answers
| Binance WOO Network Quiz | Answers |
|---|---|
| Q1) What share of Woo Network’s revenue contributes to the monthly buyback and burn? | 50% |
| Q2) what is Woo Network’s centralized exchange called? | W00 X |
| Q3) How much does Kronos research trade each day?. | $1 Billion+ |
| Q4) What network did WOOFi first launch on? | BNB Chain |
| Q5) Who benefits from WOO Network’s services? | All of the above |
| Q6) WoO Network was selected as a judge in BIN Chain’s most valuable builder program? True or false? | False |
| Q7) Who invested in WOO network’s series A+ fundraising round in 2021? | Binance Labs |
| Q8) Which ecosystems are partnered with WOO DAO? | All of the above |
| Q9) WOO Network was designed to address high fees and fragmented liquidity across crypto networks and applications. True or false? | True |
Binance Learn & Earn QTUM Quiz Answers
| Binance Learn & Earn QTUM Quiz | Answers |
|---|---|
| You can purchase QTUM on binance by: | All of the Above |
| Holding QTUM allows you to vote on proposal. True or false? | False |
| When did the QTUM mainnet launch? | September 2017 |
| Block rewards are split betweet: | Ten Super Staker |
| QTUM holders can delegate their UTXOs behind Staker Stakers thrugh | Offline Staking |
| Qtum’s account abstaction layer is designed to: | Combine UTXO accounting with smart contract Capabilities |
| When delegate QTUM behind a super Staker, a user must: | Provide their wallet address to a super staker |
| 8. QTUM Combines | UTXO Accounting Smart Contract Capabilities |
Binance Learn & Earn COTI Quiz Answers
| Binance Learn & Earn COTI Quiz | Answers |
|---|---|
| Select is the network(s) in which COTI operates: | All are correct |
| How does COTI keep ITS transaction fees low? | All are correct |
| What does COTI MultiDAG enable? | The ussuance of tokens on top of the trustchain protocol |
| The treasure distrubutes reward to COTI holders based on fees collected from: | All of COTI’s product, including treasury, COTI pay bussines, Djed, and more |
| Which type of consensus algorithm is used on the COTI network? | PoT (proff of trust) |
| How can i earn rewards from the COTI ecosystem? | Deposit native COTI into the Treasury |
| COTI is powering Djed, which is___ first algorithmic stablecoin | Cardano’s |
| What is COTI? | A layer-1 blockchain Ecosystem designed for payments |
Binance Learn & Earn HARMONY Quiz Answers
| Binance Learn & Earn HARMONY Quiz | Answers |
|---|---|
| Why should tokens have a finite supply? | To avoid inflation and incentivize token appreciation |
| What consencys mechanism does harmony use? | Effective proof of stake |
| Which technologies does harmony implemet to achieve scalability without sacrificing security? | Sharding and effective proff of stake |
| What is harmonys yearly network reward to validators? | 441 million tokens |
| Which of these DAOs have been funded by Harmony? | All are correct |
| What’s makes up the yearly reward at harmony? | Issuance + transaction fees |
| Harmony has created bridges for which chains? | All are correct |
| How much Grant Will harmony provide to new projects through the harmony Ecosystem fund? | $300 Million |
| How many DAOs does Harmony aim to find in the future? | 10,000 |
Binance Learn & Earn Polkastarter Quiz Answers
| Binance Learn & Earn Polkastarter Quiz | Answers |
|---|---|
| What is Polkastarter? | Polkastarter is a decentralized crowdfunding platform and leading IDO launchpad. |
| Polkastarter was founded in 2020, by Daniel Stockhaus, Tiago Martins, and Miguel Leite. | True |
| Polkastarter aims to become multichain. Which chains does the launchpad support? | Polkastarter currently supports Ethereum, BNB Chain, Polygon, Celo, and Avalanche. |
| What are Polkastarter’s key features? | Fixed Swap Pools, IDO farming and Polkastarter gaming |
| POLS is the Polkastarter utility token. Holding or staking POLS allows users to enter IDO’s and NFT sales with higher chances of success. True or false? | True |
| What are the requirements to participate in an IDO on Polkastarter? | Users must hold or stake 250 POLS or more, pass KYC, and be allowlisted. |
| How many POLS is it necessary to hold or stake to be eligible for the allowlist? | 250 POLS or more. |
| Besides IDOS, what other types of investment opportunities can the community find at Polkastarter? | Polkastarter Gaming & NFT Sales |
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- All new KYC users registered from 2022-05-19 00:00 AM (UTC) onward will be eligible to participate in the program. Illegally bulk registered accounts shall not be eligible to participate or receive any rewards.
- Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the quiz.
- Eligible users may complete multiple quizzes to claim multiple rewards.
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