Binance Learn and Earn Quiz Answers -XRP, LSK, BTTC Quiz Answers
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Binance, the popular cryptocurrency exchange, is well-known for its willingness to try new things and expand its offerings. The Binance Bitcoin Button and the Binance Wodl games are just two of the exchange’s recent cryptocurrency-earning offerings. Learn and Earn, commonly known as Binance’s quiz product and dubbed “learn,” is among the oldest and most popular, delivering a wide variety of questions to Binance users in order to earn cryptocurrency.
On August 24th, 2022, there will be three quizzes (XRP, LSK, BTTC ) in Binance learn & earn. All the information you need regarding the three quizzes is here, including the correct answers.
The Binance Learn and Earn Quiz Answers – Beginner’s Guide have already been published in a single post. Check this too.
Binance Learn And Earn, Explained
With the goal of helping its customers better understand cryptocurrencies and blockchain technologies, Binance created the Learn and Earn Program.
Users are encouraged to learn more about crypto by reading articles and watching tutorial videos. And then they’ll use that knowledge to earn cryptocurrency by taking tests.
These have time-sensitive rewards that decrease in value with time. Both of the introductory classes cost 50,000 SHIB and cost half a billion US dollars.
How to Answer Binance Learn and Earn Quiz
If you want to join the Binance Learn and Earn program and earn some extra crypto, then you should do what we suggest below.
- If you want to learn more about earning and learning on Binance, visit their website.
- Examine the several crypto training options, including courses and tests, before deciding which ones to undertake.
- Choose the class, do as it says, and finish within the allotted time.
- If you do well on the test, you will be eligible for the cryptocurrency prizes immediately.
- You must go to Accounts > Rewards to claim your award.
Binance XRP Ledger Quiz Answers
1.XRPL is decentralized, permissionless, and open-source
Answer: True
2.What is the native digital asset on the XRP Ledger?
Answer: XRP
3.On average, how long does a transaction confirmation on the XRP Ledger take?
Answer: 3 to 5 seconds
4. What is the XRP Ledger’s validation mechanism?
Answer: Federated Consensus
5. What can the XRP Ledger be used for today?
Answer: All the correct
6.What is the average cost of transactions on XRPL?
Answer: Less than 1 cent
7.Which of the following describes the XRPL?
Answer: All are correct
8.The XRPL’s built-in DEX is based on an order book model.
Answer: True
9.The XRP Ledger is useful for developers because.
Answer: They are able to code in Python, Java and JavaScript languages
Binance LSK Quiz Answers
1.Which popular programming language does Lisk support?
Answer: JavaScript
2.What consensus mechanism does Lisk currently utilize?
Answer: Delegated Proof of Stake
3. Which token is used within the Lisk Network as a utility token?
Answer: LSK
4.What is the current development goal for Lisk?
Answer: To enable interoperability within the Lisk ecosystem
5. How will blockchain applications operate within the Lisk Ecosystem?
Answer: On separate sidechains
6.What makes Lisk accessible to Web3 developers?
Answer: All are correct
7. How can users benefit from Lisk’s accessibility?
Answer: All are correct
8.What can LSK holders do with the token?
Answer: All are correct
Binance BTTC Quiz Answers
1. “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer: Proof of Stake blockchain
2.With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer: False
3.What can you NOT do on Binance Earn?
Answer: Conduct leveraged trading to amply the returns
4.Which of the following is a form of passive income?
Answer: Alice stakes her crypto holdings
5. What can you do with Binance Earn?
Answer: Select different products to grow your crypto holdings
6.What is NOT staking?
Answer: Generate returns by trading your coins
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: true
8.When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
Answer: spot wallet
9.Binance Locked Staking’s locking period for different products is the same. True or false?
Answer: False
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