Binance Liquidity Farming Quiz Answers – New Binance liquidity farming campaign is live. Participate and share a prize pool of 200,000 Binance-USD (BUSD) token vouchers.
To participate, you must have your account Binance. If you don’t have one then create your Binance account from the below-given registration link and complete your KYC verification.
To qualify for this giveaway, complete the quiz & add more than $10 equivalent of liquidity into a stable liquidity pool on Liquidity Farming for the first time, and hold the shares in the pool for at least 48 hrs.
The rewards will be distributed on a first-come, first-served basis and a maximum of 20,000 eligible participants will be eligible to each receive up to 10 BUSD in vouchers.
The minimum reward received by each qualified user is 4 BUSD. If the user meets all of the stipulated criteria, rewards are capped at 10 BUSD per user.
Binance liquidity farming quiz answers are given below, scroll the page to get the answers. Activity period – 24th June 2022, 08:00 AM to 8th July 2022, 23:59 PM (UTC).
Participate & Earn Upto 10 BUSD
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 here and join the Binance liquidity farming giveaway promotion.
4) Take the liquidity farming giveaway quiz and submit the correct answers.
5) Add more than $10 equivalent of liquidity into a stable liquidity pool on Liquidity Farming for the first time.
6) Now hold the shares in the pool(s) for at least 48 hours to be eligible for other rewards in the giveaway.
7) Activity period – 24th June 2022, 08:00 AM to 8th July 2022, 23:59 PM (UTC).
NOTE – During the promotion period, a total of 20,000 new Liquidity Farming users may qualify for this giveaway by completing the first task below. Eligible users can stand to receive up to 10 BUSD in vouchers, depending on the number of given criteria that are met during the promotion period.
Giveaway Rewards & Criteria
Task1: 4 BUSD – Complete this quiz. Add more than $10 equivalent of liquidity into any stable liquidity pool on Liquidity Farming for the first time, and hold the shares in the pool(s) for at least 48 hrs.
Task2: +3 BUSD – Add more than $10 equivalent of liquidity into any innovative liquidity pool on liquidity farming, and hold the shares in the pool(s) for at least 48 hrs.
Task3: +3 BUSD – Add at least $50 equivalent of liquidity in a minimum of three liquidity pools on liquidity farming, and hold the shares in the pool(s) for at least 48 hrs.
Binance Liquidity Farming Quiz Answers
Q1) Is ‘Liquidity Farming’ a principal guaranteed product?
Answer: Yes
Q2) A user has decided to add liquidity to the BTC/BUSD pool. If the price of BTC is 30,000 BUSD when the user adds liquidity to the pool, what is the impermanent loss incurred if the user decides to remove liquidity when the price of BTC is 33,000 BUSD?
Answer: 20%
Q3) A user has decided to add liquidity to the BTC/ETH pool. If 1 BTC = 30,000 BUSD and 1 ETH = 2,000 BUSD when the user adds liquidity to the pool, what is the impermanent loss incurred if the user decides to remove liquidity when 1 BTC = 33,000 BUSD and 1 ETH = 2,200 BUSD?
Answer: 0%
NOTE – Do your research & recheck the answers before submitting, these are just for reference purposes only.
