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Binance Learn And Earn Lido Quiz Answers
Do your research and recheck the answers before submitting it. These answers are for reference purposes only
Q1) What problem is Lido trying to solve in PoS staking?
Answer: All are correct
Q2) What do users receive after staking their tokens on Lido?
Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Q3) Where do users deposit their PoS token on Lido?
Answer: The Lido staking pool smart contract
Q4) What can holders do with LDO?
Answer: Vote on decisions in the Lido DAO
Q5) Why does Lido operate as a DAO?
Answer: All are correct
Q6) What can users do with their stETH tokens?
Answer: All are correct
Q7) What is the name of the utility token on Lido?
Answer: LDO
Q8) In addition to Ethereum, which PoS blockchain does Lido support?
Answer: Polkadot
Binance Learn And Earn BENQI Quiz Answers
Q1) Which of the following is part of BENQI’s suite of protocols?
Answer: All are correct
Q2) Which blockchain is BENQI deployed on?
Answer: Avalanche
Q3) What is the purpose of the QI token?
Answer: All are correct
Q4) Which asset does BENQI Liquid Staking support?
Answer: AVAX
Q5) Which of the following assets are listed on BENQI Liquidity Market?
Answer: All are correct
Q6) 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: True
Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer: sAVAX
Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer: No
Q9) What is the purpose of veQI?
Answer: Voting power for validators to receive additional staking delegations
Q10) Which of the following protocols is BENQI’s liquid staking asset integrated with?
Answer: All are correct
Binance Learn And Earn WOO Quiz Answers
Q1) What share of WOO Network’s revenue contributes to the monthly buyback and burn?
Answer: 50%
Q2) What is WOO Network’s centralized exchange called?
Answer: WOO X
Q3) How much does Kronos Research trade each day?
Answer: $1 billion +
Q4) What network did WOOFi first launch on?
Answer: BNB Chain
Q5) Who benefits from WOO Network’s services?
Answer: All are correct
Q6) WOO Network was selected as a judge in BNB Chain’s Most Valuable Builder Program. True or false?
Answer: False
Q7) Who invested in WOO Network’s Series A+ fundraising round in 2021?
Answer: Binance Labs
Q8) Which ecosystem(s) are partnered with WOO DAO?
Answer: All are correct
Q9) WOO Network was designed to address high fees and fragmented liquidity across crypto networks and applications. True or false?
Answer: True
Q10) Who benefits from WOO Network’s liquidity?
Answer: All are correct
Q11) WOOFi is an all-in-one dApp.
Answer: True
Q12) What is WOOFi’s swap fee?
Answer: 0.025%
Q13) How quickly can WOOFi cross-chain swaps complete?
Answer: 30 seconds
Q14) Which of these are features of WOOFi Supercharger vaults?
Answer: All are correct
Q15) How many chains is WOOFi integrated with?
Answer: 4
Q16) WOOFi DEX has a customizable UI and visible orderbook.
Answer: True
Q17) Which network is WOOFi DEX built upon?
Answer: NEAR
Binance Learn And Earn BURGER Quiz Answers
Q1) Which chain is Burger Cities based on?
Answer: BNB
Q2) What is the name of the token exchange place in BurgerCities?
Answer: Black Market
Q3) From which of the following platforms did BurgerCities evolve?
Answer: BurgerSwap
Q4) Which of the following is the central part of the BurgerCities’ gameplay?
Answer: Hero NFTS
Q5) What features does BurgerCities have in its current version?
Answer: All are correct
Q6) What is the total supply of BURGER?
Answer: 63 million
Q7) How long will the additional issuance of BURGER be unlocked?
Answer: Unlocked in 36 months
Q8) What percentage of the total supply of smtechyt BURGER is used as incentives?
Answer: 50%
Q9) What are the gameplays available in BurgerCities?
Answer: All are correct
Q10) On which platforms can you buy BURGER?
Answer: All are correct
Binance Learn And Earn 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) The Amplification (AMP) factor is used to____
Answer: Mimic higher levels of liquidity
Q5) Which blockchain is KyberSwap based on?
Answer: Ethereum
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 Learn And Earn Livepeer Quiz Answers
Q1) What is the native token of Livepeer?
Answer: LPT
Q2) Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?
Answer: Delegators
Q3) Livepeer is built on which blockchain?
Answer: Ethereum
Q4) What are the benefits of delegating LPT on the Livepeer network?
Answer: All are correct
Q5) Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?
Answer: True
Q6) Which of the following provides a gateway to delegating on the Livepeer network?
Answer: The Livepeer Explorer
Q7) Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?
Answer: True
Q8) Livepeer is used primarily to process what type of content?
Answer: Video content
Q9) Livepeer orchestrators receive a share of video processing fees in the form of?
Answer: ETH
Q10) When was Livepeer’s mainnet launch?
Answer: 2018
Binance Learn And Earn Highstreet Quiz Answers
Q1) What is HIGH token’s maximum supply?
Answer: 100 million
Q2) Which region will the next Highstreet’s IHO be based on?
Answer: Animoca Archipelago
Q3) Which platform can the current stage of Highstreet be played on?
Answer: PC & VR
Q4) Which area does Highstreet stand out from other Metaverses?
Answer: All are correct
Q5) Highstreet’s apparel collection with 8-bit is available for purchase from real-life department stores. True or false?
Answer: True
Q6) Who’s able to purchase lands and become a land owner from Highstreet?
Answer: Brands
Q7) Which ecosystem(s) is HIGH token on?
Answer: Ethereum & BSC
Q8) What are the feature(s) of Highstreet Homes?
Answer: All are correct
Q9) Which centralized exchanges can $HIGH tokens be purchased from?
Answer: Binance, Coinbase, Crypto.com
Q10) Highstreet’s Phygital items can only be purchased online.
Answer: False
Binance Learn And Earn Mantra Quiz Answers
Q1) NFTs, metaverse and gaming can all be built on which one of MANTRA’s stacks?
Answer: MANTRA Chain
Q2) MANTRA Chain is compatible with which of these blockchains? Select all that apply.
Answer: EVM & IBC
Q3) Does MANTRA Finance provide initial coin offerings?
Answer: Yes
Q4) What is HeliSwap?
Answer: Decentralized exchange
Q5) What is MANTRA’s Governance Token?
Answer: $OM
Q6) Where in the OMniverse can you find retail staking?
Answer: MANTRA Nodes
Q7) MANTRA Nodes offers which of the following?
Answer: All are correct
Q8) What Year was MANTRA founded?
Answer: 2020
Binance Learn And Earn XRP Quiz Answers
Q1) XRPL is decentralized, permissionless, and open-source
Answer: True
Q2) What is the native digital asset on the XRP Ledger?
Answer: XRP
Q3) On average, how long does a transaction confirmation on the XRP Ledger take?
Answer: 3 to 5 seconds
Q4) What is the XRP Ledger’s validation mechanism?
Answer: Federated Consensus
Q5) What can the XRP Ledger be used for today?
Answer: All the correct
Q6) What is the average cost of transactions on XRPL?
Answer: Less than 1 cent
Q7) Which of the following describes the XRPL?
Answer: All are correct
Q8) The XRPL’s built-in DEX is based on an order book model.
Answer: True
Q9) The XRP Ledger is useful for developers because.
Answer: They are able to code in Python, Java and JavaScript languages
Binance Learn And Earn Lisk Quiz Answers
Q1) Which popular programming language does Lisk support?
Answer: JavaScript
Q2) What consensus mechanism does Lisk currently utilize?
Answer: Delegated Proof of Stake
Q3) Which token is used within the Lisk Network as a utility token?
Answer: LSK
Q4) What is the current development goal for Lisk?
Answer: To enable interoperability within the Lisk ecosystem
Q5) How will blockchain applications operate within the Lisk Ecosystem?
Answer: On separate sidechains
Q6) What makes Lisk accessible to Web3 developers?
Answer: All are correct
Q7) How can users benefit from Lisk’s accessibility?
Answer: All are correct
Q8) What can LSK holders do with the token?
Answer: All are correct
Binance Learn And Earn BTTC Quiz Answers
Q1) All of these concepts are related to Band Token except for…
Answer: Cash incentives
Q2) Which sentence is incorrect?
Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q30 Which characteristics differentiate Band Protocol from other oracle services?
Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q4) Which ecosystem(s) has/have partnered with Band Protocol?
Answer: All are correct
Q5) Which of the following IS NOT a use case of the BAND token?
Answer: To secure a discount when requesting data
Q6) Which sentence is CORRECT?
Answer: BandChain’s Delegated Proof of Stake design and BAND token create a decentralized network.
Q7) What network is BandChain on?
Answer: Cosmos
Q8) Which characteristic DOES NOT correctly describe BAND Protocol?
Answer: On-chain DeFi protocol
Binance Learn And Earn BAND Quiz Answers
Q1) All of these concepts are related to Band Token except for…
Answer: Cash incentives
Q2) Which sentence is incorrect?
Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q3) Which characteristics differentiate Band Protocol from other oracle services?
Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q4) Which ecosystem(s) has/have partnered with Band Protocol?
Answer: All are correct
Q5) Which of the following IS NOT a use case of the BAND token?
Answer: To secure a discount when requesting data
Q6) Which sentence is CORRECT?
Answer: BandChain’s Delegated Proof of Stake design and BAND token create a decentralized network.
Q7) What network is BandChain on?
Answer: Cosmos
Q8) Which characteristic DOES NOT correctly describe BAND Protocol?
Answer: On-chain DeFi protocol
Binance Learn And Earn UMA Quiz Answers
Q1) What makes the OO optimistic?
Answer: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q2) How many tokens did UMA transfer to its DAO in 2021?
Answer: 35 million tokens
Q3) Who are the three actors in the OO system?
Answer: The contract requesting the data; the participant proposing the data; and the disputer
Q4) Why is there a reward associated with voting correctly?
Answer: So there is an incentive to be correct
Q5) Why does the OO include a human component?
Answer: Humans can provide any kind of knowable truth to a blockchain
Q6) What are the phases in the UMA voting process?
Answer: Voting period; voting revealing period; reward collection period
Q7) What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
Answer: Outcome.Finance
Q8) How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
Answer: 48 hours
Q9) What is UMA’s native token?
Answer: UMA coin
Q10) What is the cross chain bridge empowered by UMA and its OO?
Answer: Across
