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How To Participate In Binance Learn & Earn Quiz

1. Tap on the link given below and signup or login to your Binance account.

2. Must complete your KYC verification which is mandatory for collecting rewards.

3. Visit the learn & earn quiz page from the Binance app dashboard or visit here.

4. New Binance learn and earn quizzes will go live on 9th November 09:00 UTC to 22nd November.

Binance Learn And Earn SKL Quiz Answers

Q1. How much are gas fees on the SKALE Network?

Answer: Zero

Q2. What type of blockchain is the SKALE Network?

Answer: Modular Layer1/Layer2 Hybrid

Q3. What types of decentralized applications run on SKALE?

Answer: All are correct

Q4. How does SKALE improve User Experience?

Answer: All are correct

Q5. 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?

Answer: True

Q6. How does SKALE increase the supply of SKALE Chains?

Answer: Incentivizing SKALE chain creation through surge pricing

Q7. SKALE is Ethereum compatible.

Answer: True

Q8. How many Elastic Sidechains can be created in the SKALE ecosystem?

Answer: An unlimited amount

Binance Learn And Earn TrueFi Quiz Answers

Q1. TrueFi’s mission is to build what?

Answer: The world’s most transparent and effective financial infrastructure to support the global credit market

Q2. What benefits does TrueFi offer its users?

Answer: All are correct

Q3. What is not a function of the TrueFi credit protocol?

Answer: Collateralized lending

Q4. Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022?

Answer: $2 billion

Q5. What is TrueFi’s native token?

Answer: TRU

Q6. TrueFi’s native token is used to facilitate:

Answer: All are correct

Q7. What benefits does TrueFi offer its users?

Answer: All are correct

Q8. What are the benefits of launching a financial opportunity on-chain using TrueFi?

Answer: All are correct

Q9. Who can loan into TrueFi pools and portfolios?

Answer: Each pool and portfolio has its own lender selection criteria, set by the manager

Q10. How can lenders generate yields on TrueFi?

Answer: All are correct

Q11. Besides Ethereum, what other blockchain does TrueFi support?

Answer: Optimism

Q12. How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?

Answer: Exit liquidity differs depending on the opportunity, based on specifications set by the manager

Q13. What protections do TrueFi lenders enjoy against loss of capital on the protocol?

Answer: All are correct