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🔥 Binance Loot All Quiz Answers🔥
✅XRP Quiz Answers :-
Q: XRPL is decentralized, permissionless, and open-source
Answer: True
Q: What is the native digital asset on the XRP Ledger?
Answer: XRP
Q: On average, how long does a transaction confirmation on the XRP Ledger take?
Answer: 3 to 5 seconds
Q: What is the XRP Ledger’s validation mechanism?
Answer: Federated Consensus
Q: What can the XRP Ledger be used for today?
Answer: All the correct
Q: What is the average cost of transactions on XRPL?
Answer: Less than 1 cent
Q: Which of the following describes the XRPL?
Answer: All are correct
Q) The XRPL’s built-in DEX is based on an order book model.
Answer: True
Q: The XRP Ledger is useful for developers because.
Answer: They are able to code in Python, Java and JavaScript languages.
✅LSK Quiz Answers :-
Q: Which popular programming language does Lisk support?
Answer: JavaScript
Q: What consensus mechanism does Lisk currently utilize?
Answer: Delegated Proof of Stake
Q: Which token is used within the Lisk Network as a utility token?
Answer: LSK
Q: What is the current development goal for Lisk?
Answer: To enable interoperability within the Lisk ecosystem
Q: How will blockchain applications operate within the Lisk Ecosystem?
Answer: On separate sidechains
Q: What makes Lisk accessible to Web3 developers?
Answer: All are correct
Q: How can users benefit from Lisk’s accessibility?
Answer: All are correct
Q: What can LSK holders do with the token?
Answer: All are correct
✅BTTC Quiz Answers :-
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer: False
Q: What can you NOT do on Binance Earn?
Answer: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
Answer: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
Answer: Select different products to
Loot Start From Tomorrow..
✅XRP Quiz Answers :-
Q: XRPL is decentralized, permissionless, and open-source
Answer: True
Q: What is the native digital asset on the XRP Ledger?
Answer: XRP
Q: On average, how long does a transaction confirmation on the XRP Ledger take?
Answer: 3 to 5 seconds
Q: What is the XRP Ledger’s validation mechanism?
Answer: Federated Consensus
Q: What can the XRP Ledger be used for today?
Answer: All the correct
Q: What is the average cost of transactions on XRPL?
Answer: Less than 1 cent
Q: Which of the following describes the XRPL?
Answer: All are correct
Q) The XRPL’s built-in DEX is based on an order book model.
Answer: True
Q: The XRP Ledger is useful for developers because.
Answer: They are able to code in Python, Java and JavaScript languages.
✅LSK Quiz Answers :-
Q: Which popular programming language does Lisk support?
Answer: JavaScript
Q: What consensus mechanism does Lisk currently utilize?
Answer: Delegated Proof of Stake
Q: Which token is used within the Lisk Network as a utility token?
Answer: LSK
Q: What is the current development goal for Lisk?
Answer: To enable interoperability within the Lisk ecosystem
Q: How will blockchain applications operate within the Lisk Ecosystem?
Answer: On separate sidechains
Q: What makes Lisk accessible to Web3 developers?
Answer: All are correct
Q: How can users benefit from Lisk’s accessibility?
Answer: All are correct
Q: What can LSK holders do with the token?
Answer: All are correct
✅BTTC Quiz Answers :-
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer: False
Q: What can you NOT do on Binance Earn?
Answer: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
Answer: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
Answer: Select different products to
Loot Start From Tomorrow..
** SHIBA Answer 👇
1) Using BNB to pay for trading fees will grant users a discount. (True or false?）
Answer :- true
2) What are the essential steps to get started with Spot trading?
Answer :- Select All Answer
3) Binance Flexible Savings cannot be subscribed to and redeemed at any time. (True or false?）
Answer :- False
4) What is the trading fee when I use Binance Convert to buy crypto?
Answer :- 0%
5) I don’t need to complete KYC to buy cryptocurrency. (True or false?）
Answer :- False
6) A market order is a type of order to buy or sell a security at a specified price or better. (True or false?）
Answer :- False
1) Using BNB to pay for trading fees will grant users a discount. (True or false?）
Answer :- true
2) What are the essential steps to get started with Spot trading?
Answer :- Select All Answer
3) Binance Flexible Savings cannot be subscribed to and redeemed at any time. (True or false?）
Answer :- False
4) What is the trading fee when I use Binance Convert to buy crypto?
Answer :- 0%
5) I don’t need to complete KYC to buy cryptocurrency. (True or false?）
Answer :- False
6) A market order is a type of order to buy or sell a security at a specified price or better. (True or false?）
Answer :- False
** BUSD Answer 👇
1) BNB Smart Chain and Ethereum network are different networks, similar to various banks. We need to select the correct deposit address to make a deposit. What steps should you follow to deposit your crypto into Binance?
Answer :- Check if Binance supports the token you are depositing > Select a deposit network that the withdrawal platform supports > Retrieve the deposit address from Binance > Proceed to deposit with the deposit address > Check and verify your deposit after the transaction has been processed on-chain.
2) What is a cryptocurrency?
Answer :- A cryptocurrency is a form of digital cash that enables individuals to transmit value in a digital setting.
3) Why KYC(Know Your Customer) matters？
Answer :- Select All 4 Answer
4) I have noticed that my Ethereum and BSC wallet addresses are identical. However, it doesn't matter if I choose to transfer my crypto asset to any of these two networks. (True or false?)
Answer :- False
5) The main benefit of keeping your crypto in a non-custodial wallet is that you won’t lose your crypto if you forget your password. （True or false?）
Answer :- false
1) BNB Smart Chain and Ethereum network are different networks, similar to various banks. We need to select the correct deposit address to make a deposit. What steps should you follow to deposit your crypto into Binance?
Answer :- Check if Binance supports the token you are depositing > Select a deposit network that the withdrawal platform supports > Retrieve the deposit address from Binance > Proceed to deposit with the deposit address > Check and verify your deposit after the transaction has been processed on-chain.
2) What is a cryptocurrency?
Answer :- A cryptocurrency is a form of digital cash that enables individuals to transmit value in a digital setting.
3) Why KYC(Know Your Customer) matters？
Answer :- Select All 4 Answer
4) I have noticed that my Ethereum and BSC wallet addresses are identical. However, it doesn't matter if I choose to transfer my crypto asset to any of these two networks. (True or false?)
Answer :- False
5) The main benefit of keeping your crypto in a non-custodial wallet is that you won’t lose your crypto if you forget your password. （True or false?）
Answer :- false
** LUNA Answer 👇
Q1. What US dollar amount of LUNA can you
convert one TerraUSD into?
Answer :- $1
Q2. Terra stablecoins are overcollateralized. True or
false?
Answer :- False
Q3. Which of the following fiat currencies have
stablecoin versions on Terra?
Answer :- All of the above
Q4. Where can you stake LUNA to take part in Terra governance?
Answer :- Terra Station
Q5. For its consensus mechanism, Terra uses:
Answer :- Delegated Proof of Stake
Q6. Terra is based in Mongolia. True or false?
Answer :- False
Q7. Anchor Protocol allows users to borrow crypto
through?
Answer :- Over-collateralization
Q8. You can earn ANC on Anchor Protocol by:
Answer :- Staking certain LP Tokens, Staking ANC,
Borrowing stablecoins
Q9. Terra was created using:
Answer :- Cosmos SDK
Q1. What US dollar amount of LUNA can you
convert one TerraUSD into?
Answer :- $1
Q2. Terra stablecoins are overcollateralized. True or
false?
Answer :- False
Q3. Which of the following fiat currencies have
stablecoin versions on Terra?
Answer :- All of the above
Q4. Where can you stake LUNA to take part in Terra governance?
Answer :- Terra Station
Q5. For its consensus mechanism, Terra uses:
Answer :- Delegated Proof of Stake
Q6. Terra is based in Mongolia. True or false?
Answer :- False
Q7. Anchor Protocol allows users to borrow crypto
through?
Answer :- Over-collateralization
Q8. You can earn ANC on Anchor Protocol by:
Answer :- Staking certain LP Tokens, Staking ANC,
Borrowing stablecoins
Q9. Terra was created using:
Answer :- Cosmos SDK
👍1
** Polkastarter Answers 👇
Q1. What is Polkastarter?
Answer :- Polkastarter is a decentralized crowdfunding
platform and leading IDO launchpad.
Q2. Polkastarter was founded in 2020, by Daniel Stockhaus, Tiago Martins, and Miguel Leite.
Answer :- True
Q3. Polkastarter aims to become multichain. Which
chains does the launchpad support?
Answer :- Polkastarter currently supports Ethereum, BNB
Chain, Polygon, Celo, and Avalanche.
Q4. What are Polkastarter's key features?
Answer :- Fixed Swap Pools, IDO farming and Polkastarter
gaming
Q5. POLS is the Polkastarter utility token. Holding or
staking POLS allows users to enter IDO's and NFT
sales with higher chances of success. True or false?
Answer :- True
Q6. What are the requirements to participate in an
IDO on Polkastarter?
Answer :- Users must hold or stake 250 POLS or more, pass
KYC, and be allowlisted.
Q7. How many POLS is it necessary to hold or stake
to be eligible for the allowlist?
Answer :- 250 POLS or more.
Q8. Besides IDOS, what other types of investment
opportunities can the community find at
Polkastarter?
Answer :- Polkastarter Gaming & NFT Sales
Q1. What is Polkastarter?
Answer :- Polkastarter is a decentralized crowdfunding
platform and leading IDO launchpad.
Q2. Polkastarter was founded in 2020, by Daniel Stockhaus, Tiago Martins, and Miguel Leite.
Answer :- True
Q3. Polkastarter aims to become multichain. Which
chains does the launchpad support?
Answer :- Polkastarter currently supports Ethereum, BNB
Chain, Polygon, Celo, and Avalanche.
Q4. What are Polkastarter's key features?
Answer :- Fixed Swap Pools, IDO farming and Polkastarter
gaming
Q5. POLS is the Polkastarter utility token. Holding or
staking POLS allows users to enter IDO's and NFT
sales with higher chances of success. True or false?
Answer :- True
Q6. What are the requirements to participate in an
IDO on Polkastarter?
Answer :- Users must hold or stake 250 POLS or more, pass
KYC, and be allowlisted.
Q7. How many POLS is it necessary to hold or stake
to be eligible for the allowlist?
Answer :- 250 POLS or more.
Q8. Besides IDOS, what other types of investment
opportunities can the community find at
Polkastarter?
Answer :- Polkastarter Gaming & NFT Sales
** WOO Answers 👇
Q1) What share of Woo Network's revenue
contributes to the monthly buyback and burn?
Answer :- 50%
Q2) what is Woo Network's centralized exchange called?
Answer :- WOO X
Q3) How much does Kronos research trade each day? Answer :- $1 Billion+
Q4) What network did WOOFI first launch on?
Answer :- BNB Chain
Q5) Who benefits from WOO Network's services?
Answer :- All of the above
Q6) WOO Network was selected as a judge in BIN
Chain's most valuable builder program? True or
false?
Answer :- False
Q7) Who invested in WOO network's series A+
fundraising round in 2021?
Answer :- Binance Labs
Q8) Which ecosystems are partnered with WOO
DAO?
Answer :- All of the above
Q9) WOO Network was designed to address high
fees and fragmented liquidity across crypto
networks and applications. True or false?
Answer :- True
Q1) What share of Woo Network's revenue
contributes to the monthly buyback and burn?
Answer :- 50%
Q2) what is Woo Network's centralized exchange called?
Answer :- WOO X
Q3) How much does Kronos research trade each day? Answer :- $1 Billion+
Q4) What network did WOOFI first launch on?
Answer :- BNB Chain
Q5) Who benefits from WOO Network's services?
Answer :- All of the above
Q6) WOO Network was selected as a judge in BIN
Chain's most valuable builder program? True or
false?
Answer :- False
Q7) Who invested in WOO network's series A+
fundraising round in 2021?
Answer :- Binance Labs
Q8) Which ecosystems are partnered with WOO
DAO?
Answer :- All of the above
Q9) WOO Network was designed to address high
fees and fragmented liquidity across crypto
networks and applications. True or false?
Answer :- True
** RUNE ALL Quiz Answer 👇
-THORChain is a layer...
Ans: False
-How would a BTC-to-ETH...
Ans: Internally
-What is the role of a trade...
Ans: Function
-How many types...
Ans: 4
-What is the total supply...
Ans: 500
-What is the native coin...
Ans: RUNE
-Which of the following...
Ans: RUNE is used
-How does THORChain...
Ans: Tendermint Byzantine Tolerance, Cosmos-SDK, and Threshold Signature Scheme(TSS)
-Who secures the network
Ans: Node Operators
-What are the use cases of...
Ans: yang paling banyaK
- What are the use cases of THORChain's native coin?
Ans: Governance, incentivization, settlement and network security
-THORChain is a layer...
Ans: False
-How would a BTC-to-ETH...
Ans: Internally
-What is the role of a trade...
Ans: Function
-How many types...
Ans: 4
-What is the total supply...
Ans: 500
-What is the native coin...
Ans: RUNE
-Which of the following...
Ans: RUNE is used
-How does THORChain...
Ans: Tendermint Byzantine Tolerance, Cosmos-SDK, and Threshold Signature Scheme(TSS)
-Who secures the network
Ans: Node Operators
-What are the use cases of...
Ans: yang paling banyaK
- What are the use cases of THORChain's native coin?
Ans: Governance, incentivization, settlement and network security
** FRONT ALL Answer 👇
Q). How does Frontier ensure the safety of its users?
Ans : Frontier performs rigorous due diligence on all natively integrated projects, requiring them to show security proof via audit reports.
Q). What is the role of FRONT in the Frontier ecosystem?
Ans : FRONT is the utility token of the Frontier ecosystem. It has a total supply of 100M and is mainly used to reward users for exploring DeFi and using the Frontier wallet.
Q). What is the difference between native wallet integration by Frontier and non-native wallet integration?
Ans : Native wallet integrations are implemented directly inside a wallet, while non-native rely on third-party applications and dapp browsers.
Q). Which popular NFT marketplaces does Frontier support?
Ans : All are correct
Q). How many cryptocurrencies can you swap using Frontier?
Ans : 4000+
Q). Which non-EVM blockchains does Frontier currently support?
Ans : Solana, Tezos, Algorand, Zilliqa, Bluzelle, Elrond, BNB Beacon Chain
Q). What is native staking in Frontier?
Ans : Native staking is the staking of assets with validators to secure a blockchain, performed natively within the Frontier wallet application
Q). On which devices is Frontier supported?
Ans : iOS & Android
Q). What is the benefit of Frontier's Smart DeFi Notifications?
Ans : Smart DeFi Notifications keep users up-to-date on their DeFi, NFT, and GameFi positions across all networks
Q). How does Frontier ensure the safety of its users?
Ans : Frontier performs rigorous due diligence on all natively integrated projects, requiring them to show security proof via audit reports.
Q). What is the role of FRONT in the Frontier ecosystem?
Ans : FRONT is the utility token of the Frontier ecosystem. It has a total supply of 100M and is mainly used to reward users for exploring DeFi and using the Frontier wallet.
Q). What is the difference between native wallet integration by Frontier and non-native wallet integration?
Ans : Native wallet integrations are implemented directly inside a wallet, while non-native rely on third-party applications and dapp browsers.
Q). Which popular NFT marketplaces does Frontier support?
Ans : All are correct
Q). How many cryptocurrencies can you swap using Frontier?
Ans : 4000+
Q). Which non-EVM blockchains does Frontier currently support?
Ans : Solana, Tezos, Algorand, Zilliqa, Bluzelle, Elrond, BNB Beacon Chain
Q). What is native staking in Frontier?
Ans : Native staking is the staking of assets with validators to secure a blockchain, performed natively within the Frontier wallet application
Q). On which devices is Frontier supported?
Ans : iOS & Android
Q). What is the benefit of Frontier's Smart DeFi Notifications?
Ans : Smart DeFi Notifications keep users up-to-date on their DeFi, NFT, and GameFi positions across all networks
** KNC ALL Answer 👇
Q). What is KyberSwap?
Ans : All are correct
Q). What is KyberDAO?
Ans : Kyber Network’s community governance platform
Q). Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Ans : True
Q). The Amplification (AMP) factor is used to ___.
Ans : Mimic higher levels of liquidity
Q). Which blockchain is KyberSwap based on?
Ans : Ethereum
Q). Users can earn KNC by
Ans : All are correct.
Q). KyberSwap uses a ___ Market Maker protocol?
Ans : Dynamic
Q). What is Kyber Network’s native token?
Ans : KNC
Q). What is KyberSwap?
Ans : All are correct
Q). What is KyberDAO?
Ans : Kyber Network’s community governance platform
Q). Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Ans : True
Q). The Amplification (AMP) factor is used to ___.
Ans : Mimic higher levels of liquidity
Q). Which blockchain is KyberSwap based on?
Ans : Ethereum
Q). Users can earn KNC by
Ans : All are correct.
Q). KyberSwap uses a ___ Market Maker protocol?
Ans : Dynamic
Q). What is Kyber Network’s native token?
Ans : KNC