WHAT IS BINANCE “LEARN & EARN“?
Table of Contents
Binance launched an excited program where users can win crypto just by learning about blockchain. Binance Launched this education initiative: Binance learn and earn. The few steps will make you win crypto: Learn >Take Quizzes> Win Crypto.
HOW TO PARTICIPATE IN THE BINANCE “LEARN and EARN” Program?
- Log in to your Binance account. If you don’t have Binance account, you can Join Binance Link.
2. You will see Binance Learn and Earn Quiz Banner on the homepage. Or, visit the :“Learn and Earn ” landing page on Binance Academy.
3. You will see list of course and amount of crypto you will win, when you complete the Quiz.
NOTE:- You need to Complete Your Identity Verification to be eligible for the rewards.
4. Select a course and click [Start Course]. Follow the instruction and learn. Then complete the quiz. If the complete the quiz correctly, you will be rewarded with a token voucher.
5. To check your rewards, go to (Reward History). Note:- If You Pass the quiz, rewards will be distributed within 48 hours.
6. To Redeem the reward. go to (Account) – (Reward Center).
Note:- Token Voucher is valid for 14 days only. Redeem the vouchers before the voucher expires.
Binance Learn & Earn BUSD Quiz Answer
1) BNB Smart Chain and Ethereum network are different networks, similar to various banks. We need to select the correct deposit address to make a deposit. What steps should you follow to deposit your crypto into Binance?
Answer :- Check if Binance supports the token you are depositing > Select a deposit network that the withdrawal platform supports > Retrieve the deposit address from Binance > Proceed to deposit with the deposit address > Check and verify your deposit after the transaction has been processed on-chain.
2) What is a cryptocurrency?
Answer :- A cryptocurrency is a form of digital cash that enables individuals to transmit value in a digital setting.
3) Why KYC(Know Your Customer) matters？
Answer :- Select All 4 Answer
4) I have noticed that my Ethereum and BSC wallet addresses are identical. However, it doesn’t matter if I choose to transfer my crypto asset to any of these two networks. (True or false?)
Answer :- False
5) The main benefit of keeping your crypto in a non-custodial wallet is that you won’t lose your crypto if you forget your password. （True or false?）
Answer :- false
Binance Learn & Earn SKL Quiz Answer
Q.1: How does SKALE increase the supply of SKALE Chains?
Answer: Incentivizing SKALE chain creation through surge pricing.
Q.2: SKALE is Ethereum compatible. True or false?
Answer: true
Q.3: How much are gas fees on the SKALE Network?
Answer: zero
Q.4: How does SKALE improve User Experience?
Answer: All are correct
Q.5: The SKALE network supports thousands of independent blockchains, multi-chains, and storage chains with zero gas fees, faster commit times, and increased transaction throughput. True or False?
Answer: true
Q.6: How many Elastic Sidechains can be created in the SKALE ecosystem?
Answer: An unlimited amount.
Q.7: What type of blockchain is the SKALE Network?
Answer: Modular Layer1/Layer2 Hybrid
Q.8: What types of decentralized applications run on SKALE?
Answer: All are correct
Q.9: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer: Proof of Stake blockchain
Q.10: Which of the following is a form of passive income?
Answer: Alice stakes her crypto holdings
Q.11 : What can you do with Binance Earn?
Answer: Select different products to grow your crypto holdings
Q.12: What is NOT staking?
Answer: Generate returns by trading your coins
Q.13: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
Answer: true
Q.14: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
Answer: spot wallet
Q.15: Binance Locked Staking’s locking period for different products is the same. True or false?
Answer: false
Q.19: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer: false
Q.17: What can you NOT do on Binance Earn?
Answer: Conduct leveraged trading to amply the returns
Binance TRU Quiz Answers:
Answer 1. The world’s most transparent and effective financial infrastructure to support the global credit market
Answer 2. All are correct
Answer 3. Collateralized lending
Answer 4. $2 billion
Answer 5. TRU
Answer 6. All are correct
Answer 7. All are correct Answer 8. All are correct
Answer 9. Each pool and portfolio has its own lender selection criteria, set by the manager
Answer 10. All are correct
Answer 11. Optimism
Answer 12. Exit liquidity differs depending on the opportunity, based on specifications set by the manager
Answer 13. All are correct
Binance LIDO Quiz Answers
Question 1: What problem is Lido trying to solve in POS staking?
Answer is: All are correct
Question 2: What do users receive after staking their tokens on Lido?
Answer is: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Question 3: Where do users deposit their POS token on Lido?
Answer is: The Lido staking pool smart contract
Question 4: What can holders do with LDO?
Answer is: Vote on decisions in the Lido DAO
Question 5: Why does Lido operate as a DAO?
Answer is: All are correct
Question 6: What can users do with their stETH tokens?
Answer is: All are correct
Question 7: What is the name of the utility token on Lido?
Answer is: LDO
Question 8: In addition to Ethereum, which POS blockchain does Lido support?
Answer is: Polkadot
Binance WOO Network Quiz Answers
Question 1: What share of WOO Network’s revenue contributes to the monthly buyback and burn?
Answer is: 50%
Question 2: What is WOO Network’s centralized exchange called?
Answer is: WOO X
Question 3: How much does Kronos Research trade each day?
Answer is: $1 billion+
Question 4: What network did WOOFI first launch on?
Answer is: BNB Chain
Question 5: Who benefits from WOO Network’s services?
Answer is: All are correct
Question 6: WOO Network was selected as a judge in BNB Chain’s Most Valuable Builder Program. True or false?
Answer is: False
Question 7: Who invested in WOO Network’s Series A+ fundraising round in 2021?
Answer is: Binance Labs
Question 8: Which ecosystem(s) are partnered with WOO DAO?
Answer is: All are correct
Question 9: WOO Network was designed to address high fees and fragmented liquidity across crypto networks and applications. True
or false?
Answer is: True
Question 10: Who benefits from WOO Network’s liquidity?
Answer is: All are correct
Question 11: WOOFI is an all-in-one dApp.
Answer is: True
Question 12: What is WOOFI’s swap fee?
Answer is: 0.025%
Question 13: How quickly can WOOFI cross-chain swaps complete?
Answer is: 30 seconds
Question 14: Which of these are features of WOOFI Supercharger vaults?
Answer is: All are correct
Question 15: How many chains is WOOFI integrated with?
Answer is: 4
Question 16: WOOFI DEX has a customizable UI and visible orderbook.
Answer is: True
Question 17. Which network is WOOFI DEX built upon?
Answer is: NEAR
Binance BENQI Quiz Answers
Question 1: Which of the following is part of BENQI’s suite of protocols?
Answer is: All are correct
Question 2: Which blockchain is BENQI deployed on?
Answer is: Avalanche
Question 3: What is the purpose of the Ql token?
Answer is: All are correct
Question 4: Which asset does BENQI Liquid Staking support?
Answer is: AVAX
Question 5: Which of the following assets are listed on BENQI Liquidity Market?
Answer is: All are correct
Question 6: Users can seamlessly stake on BENQI Liquid Staking to both secure the network it’s on while having the freedom to use that capital within DeFi.
Answer is: True
Question 7: Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer is: SAVAX
Question 8: Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer is: No
Question 9: What is the purpose of veQI?
Answer is: Voting power for validators to receive additional staking delegations
Question 10: Which of the following protocols is BENQI’s liquid staking asset integrated with?
Answer is: All are correct
Binance Learn and Earn LPT Quiz Answers
1. What is the native token of Livepeer?
Answer: LPT
2. Livepeer is built on which blockchain?
Answer: Ethereum
3. Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?
Answer: Delegators
4. Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?
Answer: True
5. What are the benefits of delegating LPT on the Livepeer network?
Answer: All are correct
6. Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?
Answer: True
7. Which of the following provides a gateway to delegating on the Livepeer network?
Answer: The Livepeer Explorer
8. Livepeer is used primarily to process what type of content?
Answer: Video content
9. Livepeer orchestrators receive a share of video processing fees in the form of?
Answer: ETH
10. When was Livepeer’s mainnet launch?
Answer: 2018
Binance Learn and Earn OM Quiz Answers
1. MANTRA Chain is compatible with which of these blockchains? Select all that apply.
Answer: EVM, IBC
2. NFTs, metaverse and gaming can all be built on which one of MANTRA’s stacks?
Answer: MANTRA Chain
3. Does MANTRA Finance provide initial coin offerings?
Answer: Yes
4. What is HeliSwap?
Answer: Decentralized exchange
5. What is MANTRA’s Governance Token?
Answer: $OM
6. What Year was MANTRA founded?
Answer: 2020
7. MANTRA Nodes offers which of the following?
Answer: All are correct
8. Where in the OMniverse can you find retail staking?
Answer: MANTRA Nodes
Binance Learn and Earn HIGH Quiz Answers
1. What is HIGH token’s maximum supply?
Answer: 100 million
2. Which region will the next Highstreet’s IHO be based on?
Answer: Animoca Archipelago
3. Which platform can the current stage of Highstreet be played on?
Answer: PC & VR
4. Which area does Highstreet stand out from other Metaverses?
Answer: All are correct
5. Highstreet’s apparel collection with 8-bit is available for purchase from real-life department stores. True or false?
Answer: True
6. Who’s able to purchase lands and become a land owner from Highstreet?
Answer: Brands
7. Which ecosystem(s) is HIGH token on?
Answer: Ethereum, BSC
8. What are the feature(s) of Highstreet Homes?
Answer: All are correct
9. Which centralized exchanges can $HIGH tokens be purchased from?
Answer: Binance, Coinbase, Crypto.com
10. Highstreet’s Phygital items can only be purchased online.
Answer: False
Binance BTTC Quiz Answers
Q1) “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer: Proof of Stake blockchain
Q2) With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer: False
Q3) What can you NOT do on Binance Earn?
Answer: Conduct leveraged trading to amply the returns
Q4) Which of the following is a form of passive income?
Answer: Alice stakes her crypto holdings
Q5) What can you do with Binance Earn?
Answer: Select different products to grow your crypto holdings
Q6) What is NOT staking?
Answer: Generate returns by trading your coins
Q7) Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
Answer: True
Q8) When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
Answer: spot wallet
Q9) Binance Locked Staking’s locking period for different products is the same. True or false?
Answer: False
Binance KNC Quiz Answers
Q1) What is KyberSwap?
Answer: All are correct
Q2) What is KyberDAO?
Answer: Kyber Network’s community governance platform
Q3) Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Answer: True
Q4) Which blockchain is KyberSwap based on?
Answer: Ethereum
Q5) The Amplification (AMP) factor is used to
Answer: Mimic higher levels of liquidity
Q6) Users can earn KNC by
Answer: All are correct.
Q7) KyberSwap uses a _ Market Maker protocol?
Answer: Dynamic
Q8 What is Kyber Network’s native token?
Answer: KNC
Binance BTTC answer Binance BTTC Quiz answer
Binance LPT answer Binance LPT QUiz answer
Binance OM answer Binance OM Quiz answer
Binance HIGH answer Binance HIGH QUiz answer
Binance BTTC Quiz Answers
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