Binance Learn & Earn BTTC Quiz Answers

Question 1: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.

Answer is : Proof of Stake blockchain

Question 2: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?

Answer is : false

Question 3: What can you NOT do on Binance Earn?

Answer is : Conduct leveraged trading to amply the returns

Question 4: Which of the following is a form of passive income?

Answer is : Alice stakes her crypto holdings

Question 5: What can you do with Binance Earn?

Answer is : Select different products to grow your crypto holdings

Question 6: What is NOT staking?

Answer is : Generate returns by trading your coins

Question 7: 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 is : True

Question 8: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _?

Answer is : Spot wallet

Question 9: Binance Locked Staking’s locking period for different products is the same. True or False?

Answer is : False

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Binance Learn & Earn THORChain 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

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 – 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

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Quiz Answers:

1. 2017
2. Tokenization of Assets
3. DEX
4. Diamond

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