Binance learn and earn quiz
❤️PAXG
▶️ The value of a PAXG token is equal to:
➖ 1 troy oz. of physical gold
▶️ How do I know PAXG is fully backed by physical gold?
➖ An independent auditing firm performs monthly checks on Paxos’ gold reserves.
▶️ PAXG storage fees are
➖ 0.00%
▶️ When you own PAXG, you own physical gold. True or false?
➖ True
▶️ Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
➖ True
▶️ PAXG is regulated and approved by ____
➖ New York State Department of Financial Services
▶️ How can a PAXG holder look up their vaulted physical gold's serial number and physical characteristics?
➖ Enter their Ethereum wallet address on the PAXG lookup tool.
▶️ Where are PAXG’s physical gold reserves stored?
➖ London Bank Vaults
▶️ Which gold tokens can be redeemed for physical gold?
➖ PAX Gold (PAXG)
▶️ PAXG is built as an ____
➖ ERC-20 token on the Ethereum blockchain
❤️STPT
▶️ What chains is STP bridging with its cross-chain technology?
➖ Ethereum to Polygon
▶️ Which participation metrics are trackable on Clique?
➖ All are correct
▶️ Which technology enables cross-chain governance on STP?
➖ Data Bridge
▶️ What problem does Clique solve?
➖ Fragmentation of DAO tools in the space
▶️ What is the main use case of STPT?
➖ Governance
▶️ What are the two main functions of Clique?
➖ DAO creation and DAO management
▶️ What type of DAOs does STP have a pre-made template for?
➖ Investment DAO, Membership DAO, and Project DAO
▶️ What is the native coin of STP?
➖ STPT
▶️ What is Clique
➖ The all-in-one DAO platform that enhances member participation in DAOs through a single platform for everything DAO-related, whether it be voting, proposals, social posts, analytics, token management, etc.
▶️ For DAOs on layer-1 blockchains, how is the voting power for governance on Clique determined?
➖ The voting power will be dependent on the amount of native DAO tokens held by users in their wallet using the cross-chain technology
❤️SKL
▶️ How much are gas fees on the SKALE Network?
➖ zero
▶️ What type of blockchain is the SKALE Network?
➖ Modular Layer1/Layer2 Hybrid
▶️ What types of decentralized applications run on SKALE?
➖ All are correct
▶️ How does SKALE improve User Experience?
➖ All are correct
▶️ 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?
➖ true
▶️ How does SKALE increase the supply of SKALE Chains?
➖ Incentivizing SKALE chain creation through surge pricing.
▶️ SKALE is Ethereum compatible. True or false?
➖ true
▶️ How many Elastic Sidechains can be created in the SKALE ecosystem?
➖ An unlimited amount
