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🔥Binance Loot All Quiz Answers :
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✅UMA Quiz Answers :
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMA’s native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
✅BAND Quiz Answers :
Q: All of these concepts are related to Band Token EXCEPT for…
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
✅BTTC Quiz Answers :
BTTC (reward $2 lock for 150 day)
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
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✅UMA Quiz Answers :
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMA’s native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
✅BAND Quiz Answers :
Q: All of these concepts are related to Band Token EXCEPT for…
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
✅BTTC Quiz Answers :
BTTC (reward $2 lock for 150 day)
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
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Binance Learn & Earn Quiz Answers🔥
PAXG
Q : The value of a PAXG token is equal to:
A : 1 troy oz. of physical gold
Q: How do I know PAXG is fully backed by physical gold?
A: An independent auditing firm performs monthly checks on Paxos’ gold reserves.
Q : PAXG storage fees are
A : 0.00%
Q: When you own PAXG, you own physical gold. True or false?
A: True
Q : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
A :True
Q: PAXG is regulated and approved by ____
A: New York State Department of Financial Services
Q : How can a PAXG holder look up their vaulted physical gold's serial number and physical characteristics?
A : Enter their Ethereum wallet address on the PAXG lookup tool.
Q: Where are PAXG’s physical gold reserves stored?
A: London Bank Vaults
Q : Which gold tokens can be redeemed for physical gold?
A : PAX Gold (PAXG)
Q : PAXG is built as an ____
A : ERC-20 token on the Ethereum blockchain
STP
Q: What chains is STP bridging with its cross-chain technology?
A: Ethereum to Polygon
Q: Which participation metrics are trackable on Clique?
A: All are correct
Q: Which technology enables cross-chain governance on STP?
A: Data Bridge
Q: What problem does Clique solve?
A: Fragmentation of DAO tools in the space
Q: What is the main use case of STPT?
A: Governance
Q: What are the two main functions of Clique?
A: DAO creation and DAO management
Q: What type of DAOs does STP have a pre-made template for?
A: Investment DAO, Membership DAO, and Project DAO
Q: What is the native coin of STP?
A: STPT
Q: What is Clique
A: 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.
Q: For DAOs on layer-1 blockchains, how is the voting power for governance on Clique determined?
A: 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
Q: How much are gas fees on the SKALE Network?
A: zero
Q: What type of blockchain is the SKALE Network?
A: Modular Layer1/Layer2 Hybrid
Q: What types of decentralized applications run on SKALE?
A: All are correct
Q: How does SKALE improve User Experience?
A: All are correct
Q: 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?
A: true
Q: How does SKALE increase the supply of SKALE Chains?
A: Incentivizing SKALE chain creation through surge pricing.
Q: SKALE is Ethereum compatible. True or false?
A: true
Q: How many Elastic Sidechains can be created in the SKALE ecosystem?
A: An unlimited amount
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Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
PAXG
Q : The value of a PAXG token is equal to:
A : 1 troy oz. of physical gold
Q: How do I know PAXG is fully backed by physical gold?
A: An independent auditing firm performs monthly checks on Paxos’ gold reserves.
Q : PAXG storage fees are
A : 0.00%
Q: When you own PAXG, you own physical gold. True or false?
A: True
Q : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
A :True
Q: PAXG is regulated and approved by ____
A: New York State Department of Financial Services
Q : How can a PAXG holder look up their vaulted physical gold's serial number and physical characteristics?
A : Enter their Ethereum wallet address on the PAXG lookup tool.
Q: Where are PAXG’s physical gold reserves stored?
A: London Bank Vaults
Q : Which gold tokens can be redeemed for physical gold?
A : PAX Gold (PAXG)
Q : PAXG is built as an ____
A : ERC-20 token on the Ethereum blockchain
STP
Q: What chains is STP bridging with its cross-chain technology?
A: Ethereum to Polygon
Q: Which participation metrics are trackable on Clique?
A: All are correct
Q: Which technology enables cross-chain governance on STP?
A: Data Bridge
Q: What problem does Clique solve?
A: Fragmentation of DAO tools in the space
Q: What is the main use case of STPT?
A: Governance
Q: What are the two main functions of Clique?
A: DAO creation and DAO management
Q: What type of DAOs does STP have a pre-made template for?
A: Investment DAO, Membership DAO, and Project DAO
Q: What is the native coin of STP?
A: STPT
Q: What is Clique
A: 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.
Q: For DAOs on layer-1 blockchains, how is the voting power for governance on Clique determined?
A: 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
Q: How much are gas fees on the SKALE Network?
A: zero
Q: What type of blockchain is the SKALE Network?
A: Modular Layer1/Layer2 Hybrid
Q: What types of decentralized applications run on SKALE?
A: All are correct
Q: How does SKALE improve User Experience?
A: All are correct
Q: 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?
A: true
Q: How does SKALE increase the supply of SKALE Chains?
A: Incentivizing SKALE chain creation through surge pricing.
Q: SKALE is Ethereum compatible. True or false?
A: true
Q: How many Elastic Sidechains can be created in the SKALE ecosystem?
A: An unlimited amount
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Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
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Binance THORChain (RUNE) Quiz Answers
Q1. What is the native coin of THORChain?
Answer: RUNE
Q2. How many types of users are there in THORChain?
Answer: 4
Q3. What is the total supply of THORChain’s native coin?
Answer: 500 million
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Q4. What are the use cases of THORChain’s native coin?
Answer: Governance, incentivization, settlement & network security
Q5. How does THORChain secure its network?
Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)
Q6. How would a BTC-to-ETH swap happen on THORChain?
Answer: Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap
Q7. Which of the following statements is true?
Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators
Q8. Who Secures The Network?
Answer: Node Operators
Q9. THORChain is a layer 2 DEX
Answer: False
Q10. What is the role of trader in the THORChain’s native ecosystem?
Answer: Function as an oracle to deliver data
Q1. What is the native coin of THORChain?
Answer: RUNE
Q2. How many types of users are there in THORChain?
Answer: 4
Q3. What is the total supply of THORChain’s native coin?
Answer: 500 million
Telegram Channel
Q4. What are the use cases of THORChain’s native coin?
Answer: Governance, incentivization, settlement & network security
Q5. How does THORChain secure its network?
Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)
Q6. How would a BTC-to-ETH swap happen on THORChain?
Answer: Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap
Q7. Which of the following statements is true?
Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators
Q8. Who Secures The Network?
Answer: Node Operators
Q9. THORChain is a layer 2 DEX
Answer: False
Q10. What is the role of trader in the THORChain’s native ecosystem?
Answer: Function as an oracle to deliver data