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Binance New Quiz Learn And Earn Answers (Coming Tommorow) 🚀

- XRPL Quiz Answer ✅

1.) XRPL is decentralized, permissionless, and open-source
Ans) True

2.) What is the native digital asset on the XRP Ledger?
Ans) XRP

3.) On average, how long does a transaction confirmation on the XRP Ledger take?
Ans) 3 to 5 seconds

4.) What is the XRP Ledger’s validation mechanism?
Ans) Federated Consensus

5.) What can the XRP Ledger be used for today?
Ans) All the correct

6.) What is the average cost of transactions on XRPL?
Ans) Less than 1 cent

7.) Which of the following describes the XRPL?
Ans) All are correct

8.) The XRPL’s built-in DEX is based on an order book model.
Ans) True

9.) The XRP Ledger is useful for developers because.
Ans) They are able to code in Python, Java and JavaScript languages.

- LSK Quiz Token ✅

1.) Which popular programming language does Lisk support?
Ans) JavaScript

2.) What consensus mechanism does Lisk currently utilize?
Ans) Delegated Proof of Stake

3.) Which token is used within the Lisk Network as a utility token?
Ans) LSK

4.) What is the current development goal for Lisk?
Ans) To enable interoperability within the Lisk ecosystem

5.) How will blockchain applications operate within the Lisk Ecosystem?
Ans) On separate sidechains

6.) What makes Lisk accessible to Web3 developers?
Ans) All are correct

7.) How can users benefit from Lisk’s accessibility?
Ans) All are correct

8.) What can LSK holders do with the token?
Ans) All are correct

- BTTC Quiz Answer ✅

1.) “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Ans) Proof of Stake blockchain

2.) With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Ans) False

3.) What can you NOT do on Binance Earn?
Ans) Conduct leveraged trading to amply the returns

4.) Which of the following is a form of passive income?
Ans) Alice stakes her crypto holdings

5.) What can you do with Binance Earn?
Ans) Select different products to

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------------------ SKALE TOKEN ---------

1. How much are gas fees on the SKALE Network?
👉 Zero

2. What type of blockchain is the SKALE Network?
👉 Modular Layer1/Layer2 Hybrid

3. What types of decentralized applications run on SKALE?
👉 All are correct

4. How does SKALE improve User Experience?
👉 All are correct

5. 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?
👉 True

6. How does SKALE increase the supply of SKALE Chains?
👉 Incentivizing SKALE chain creation through surge pricing.

7. SKALE is Ethereum compatible. True or false?
👉 true

8. How many Elastic Sidechains can be created in the SKALE ecosystem?
👉 An unlimited amount

9. Earn Passive Income on Binance “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
👉 Proof of Stake blockchain

10. With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
👉 false

11. What can you NOT do on Binance Earn?
👉 Conduct leveraged trading to amply the returns

12. Which of the following is a form of passive income?
👉 Alice stakes her crypto holdings

13. What can you do with Binance Earn?
👉 Select different products to grow your crypto holdings

14. What is NOT staking?
👉 Generate returns by trading your coins

15. 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?
👉 true

16. When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your
👉 spot wallet

17. Binance Locked Staking’s locking period for different products is the same. True or false?
👉 false

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