How to participate in Binance Learn & Earn
1. If you don’t have Binance account then create first from the link given below.
2. Go to services, you will get gift & campaign section (refer the image given below).
3. Tap on the learn and earn icon, all quizzes will show up on your screen.
4. Binance’s upcoming Algo, Polyx, BNB, and BUSD quiz will go live on 7th December at 09:00 UTC.
5. Take the quiz as soon as it goes live and earn assured crypto rewards of up to $10.
6. Eligible users will receive a predetermined amount of ALGO, POLYX, BNB, and BUSD.
7. Quiz rewards are limited and are available on a first-come, first-served basis.
Binance Algorand Quiz Answers
Q1. Algorand has a Governance Program that allows the community to vote on measures that impact the future of the blockchain. True or false?
Answer: True
Q2. What is the total supply of ALGO tokens?
Answer: 10 billion
Q3. What is the minimum stake needed to run a validator node in Algorand’s PPOS consensus mechanism?
Answer: 0.1 ALGO
Q4. Silvio Micali, founder of Algorand, is famous for being the co-inventor of which of the following technologies?
Answer: All are correct
Q5. Which of the following companies are building NFT and Web3 projects on Algorand?
Answer: All are correct
Q6. For each round, the network selects:
Answer: The block proposal with the lowest VRF hash
Q7. How fast is an Algorand block?
Answer: 3.7 seconds
Q8. How much does it cost to send a transaction in Algorand?
Answer: 0.001 ALGO
Q9. How many transactions per second (TPS) can Algorand process?
Answer: 6,000
Q10. Which consensus mechanism?
Answer: PPos
Binance BNB Quiz Answers
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: BRC-20 token on Ethereum
Q7. Initial Sale Price?
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. Total supply of BNB?
Answer: 200 million BNB
Binance BUSD Quiz Answers
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 POLYX Quiz Answers
Q1. What is Polymesh built for?
Answer: Security tokens
Q2. Who are Polymesh’s node operators?
Answer: Regulated financial entities only
Q3. How large is the securities market?
Answer: Hundreds of trillions of dollars
Q4. Can you earn staking rewards with POLYX?
Answer: Yes
Q5. Polymesh falls into which category of blockchain?
Answer: Public permissioned
Q6. How is POLYX classified under Swiss law?
Answer: Utility token
Q7. What consensus mechanism does Polymesh use?
Answer: Proof-of-stake
Q8. What are the key pillars of Polymesh?
Answer: Governance, identity, compliance, confidentiality, settlement
Q9. What are the next steps for Polymesh?
Answer: Stablecoins, MERCAT, Integrations, NFTS
Q10. Polymesh is the blockchain off?
Answer: Making tokenization accessible to institutions
