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Binance Learn & Earn Quiz Answer:-



Q1. What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?

Answer: Binance-peg BUSD

Q2. What is the total supply of BUSD?

Answer: Just over 22 billion

Q3. Which chain is BUSD minted on by Paxos?

Answer: Ethereum

Q4. Who regulates BUSD?

Answer: NYDFS (New York Department of Financial Services)

Q5. Who mints BUSD?

Answer: Paxos

Q6. What fiat currency is BUSD pegged to?

Answer: U.S. Dollar

Q7. BUSD is backed 1:1 with:

Answer: Cash reserves

Q8. How can you purchase BUSD or Binance-Peg BUSD?

Answer: All are correct

Q9. What can BUSD be used for?

Answer: All are correct

Q10. Which of the following descriptions is incorrect?

Answer: BUSD doesn’t provide a monthly basis attestation report.


Binance BNB Quiz Answer

Q1. BEP-2 BNB is the native coin of Ethereum. True or false?

Answer: False

Q2. What use cases does BNB have?

Answer: All are correct

Q3. Which token standards exist for BNB?

Answer: All are correct

Q4. Owning BNB provides you with a share of Binance’s profits.

Answer: False

Q5. Which token standards exist for BNB?

Answer: All are correct

Q6. BNB was originally issued as a:

Answer: ERC-20 token on Ethereum

Q7. What was BNB’s initial sale price during its distribution?

Answer: 1 ETH for 2700 BNB and 1 BTC for 20,000 BNB

Q8. BNB launched through an initial game offering (IGO) in 2017?

Answer: False

Q9. What is the total supply of BNB?

Answer: 200 million BNB

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Question 1: What is a Binance Gift card?
Answer is : A Gift Card lets you send and receive cryptocurrency in a fast, simple, and customizable way with zero fees to both Binance and non-Binance users.
Question 2: With Binance Gift Card, you can:
Answer is : All are correct
Question 3: Cashback Gift Cards provide the user cashback in:
Answer is : Gift Cards
Question 4: Sending crypto with a Gift Card requires:
Answer is : Funds in your spot/funding wallet for payment.
Question 5: Physical Binance Gift Cards support over:
Answer is : 270+ cryptocurrencies
Question 6: A Stablecoin-Denomination Gift Card allows you to:
Answer is : Gift cryptocurrencies in an amount fixed to the value of another asset.

Question 7: The Binance Gift Card Marketplace is a place to:
Answer is : All are correct