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Binance Quiz Answers 😃
📌 UMA
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMA’s native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
📌 BAND
Q: All of these concepts are related to Band Token EXCEPT for…
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
📌 BTTC
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
📌 UMA
Q: What makes the OO optimistic?
A: Proposed data will not require resolution unless it is disputed, and disputes are rare
Q: How many tokens did UMA transfer to its DAO in 2021?
A: 35 million tokens
Q: Who are the three actors in the OO system?
A: The contract requesting the data; the participant proposing the data; and the disputer
Q: Why is there a reward associated with voting correctly?
A: So there is an incentive to be correct
Q: Why does the OO include a human component?
A: Humans can provide any kind of knowable truth to a blockchain
Q: What are the phases in the UMA voting process?
A: Voting period; voting revealing period; reward collection period
Q: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
A: Outcome.Finance
Q: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
A: 48 hours
Q: What is UMA’s native token?
A: UMA coin
Q: What is the cross chain bridge empowered by UMA and its OO?
A: Across
📌 BAND
Q: All of these concepts are related to Band Token EXCEPT for…
A: Cash incentives
Q: Which sentence is INCORRECT?
A: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Q: Which characteristics differentiate Band Protocol from other oracle services?
A: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Q: Which ecosystem(s) has/have partnered with Band Protocol?
A: All are correct
Q: Which of the following IS NOT a use case of the BAND token?
A: To secure a discount when requesting data
Q: Which sentence is CORRECT?
A: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Q: What network is BandChain on?
A: cosmos
Q: Which characteristic DOES NOT correctly describe BAND Protocol?
A: On-chain DeFi protocol
📌 BTTC
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: 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?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
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Refer :-
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Jis Din Payment Melega Same Like Vpad💪💪💪
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Refer Code :-
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Refer :-
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