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Binance Learn & Earn Quiz Answer 👇🏼

🔴 BNB
1. BEP-2 BNB is the native coin of Ethereum. True or false?
Ans: False

2. What use cases does BNB have?
Ans: All are correct

3. Which token standards exist for BNB?
Ans: All are correct

4. Owning BNB provides you with a share of Binance’s profits.
Ans: False

5. Which token standards exist for BNB?
Ans:  All are correct

6. BNB was originally issued as a:
Ans: ERC-20 token on Ethereum

7. What was BNB’s initial sale price during its distribution?
Ans:  1 ETH for 2700 BNB and 1 BTC for 20,000 BNB

8. BNB launched through an initial game offering (IGO) in 2017?
Ans: False

9. Total supply of BNB?
Ans: 200 million BNB

🔴 BUSD
1. What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?
Ans: Binance-peg BUSD

2. What is the total supply of BUSD?
Ans: Just over 22 billion

3. Which chain is BUSD minted on by Paxos?
Ans: Ethereum

4. Who regulates BUSD?
Ans: NYDFS (New York Department of Financial Services)

5. Who mints BUSD?
Ans: Paxos

6. What fiat currency is BUSD pegged to?
Ans: U.S. Dollar

7. BUSD is backed 1:1 with:
Ans: Cash reserves

8. How can you purchase BUSD or Binance-Peg BUSD?
Ans: All are correct

9. What can BUSD be used for?
Ans:  All are correct

10. Which of the following descriptions is incorrect?
Ans: BUSD doesn’t provide a monthly basis attestation report.

🔴 SOL
Q: Which of these is not one of the technical design features that allow Solana to process transactions at a higher rate?
Ans: Proof-of-work

Q: As of September 2022, what is the energy impact of a single Solana transaction on average?
Ans: Less than a Google search (~500 J).

Q: What can you use SOL for?
Ans: All are correct

Q: What is the average Solana transaction fee?
Ans: $0.00025

Q: What is Saga?
Ans: A crypto-friendly mobile phone that uses the Solana Mobile Stack.

Q: How quickly does it take the Solana Pay protocol to process a transaction globally?
Ans:  A few seconds

Q: Firedancer, a new Solana validator client being developed by Jump Crypto, can process how many TPS in a test environment?
Ans: 1,200,000

Q: Solana uses mining to secure its network.
Ans: False

Q: As of December  2022, how many NFTs have been minted using Solana?
Ans:  22,700,000

Q: Which of the following established companies support or have integrated Solana?
Ans: All are correct

🔴 Hashflow (HFT)
Q: Which exchange was the first to list the Hashflow token (HFT)?
Answer: Binance

Q: How much does Hashflow charge in fees?
A: 0%

Q: What makes Hashflow different from other DEXs?
Ans: Hashflow uses the RFQ model for market making.

Q:  What is HFT’s utility?
Ans: Governance and in-DAO Health & Rewards.

Q: What is unique about trading on Hashflow?
Ans:  All are correct

Q: How does one start trading on Hashflow?
Ans: Connect your wallet.

Q: What is The Hashverse?
Ans: Hashflow’s story-driven and gamified governance DAO.

Q: What is Hashflow’s total volume?
Ans:  $11 billion

🔴 Hooked Protocol (HOOK)
Q: What is Hooked Protocol?
Ans:  Web3 Gamified Social Learning Platform

Q: What is the first pilot app of Hooked Protocol？
Ans: Wild Cash

Q: What is the latest number of monthly active users of Wild Cash?
Ans: Over 3 Million

Q: What network did Hooked Protocol first launch on?
Ans:  BNB Chain

Q: How many Hook will be in the circulating supply upon listing?
Ans: 10% of total supply

Q: How does the Hooked token structure work?
Ans: There is an only utility token uHGT

Q: Which one of the following is the HOOK token function?
Ans: All are correct

Q: Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. True or false?
Ans:  True

Q: Who are the target users that Hooked Protocol will provide services to fulfill the mission?
Ans:  All are correct

Q: What are the highlights of Hooked Protocol achieved so far?
Ans: All are correct

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