🤩Binance L&E Quiz Answers 🔥

------------- BTTC Token ----------

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

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

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

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

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

6. What is NOT staking?
👉 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?
👉 true

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

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

🔥🔥🔥UMA ANSWER🔥🔥🔥

1. What makes the OO optimistic?
👉 Proposed data will not require resolution unless it is disputed, and disputes are rare

2. How many tokens did UMA transfer to its DAO in 2021?
👉 35 million tokens

3. Who are the three actors in the OO system?
👉 The contract requesting the data; the participant proposing the data; and the disputer

4. Why is there a reward associated with voting correctly?
👉 So there is an incentive to be correct

5. Why does the OO include a human component?
👉 Humans can provide any kind of knowable truth to a blockchain

6. What are the phases in the UMA voting process?
👉 Voting period; voting revealing period; reward collection period

7. What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
👉 Outcome.Finance

8. How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
👉 48 hours

9. What is UMA’s native token?
👉 UMA coin

10. What is the cross chain bridge empowered by UMA and its OO?
👉 Across

--🔥🔥🔥BAND Token🔥🔥🔥--

1. All of these concepts are related to Band Token EXCEPT for…
👉 Cash incentives

2. Which sentence is INCORRECT?
👉 Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

3. Which characteristics differentiate Band Protocol from other oracle services?
👉 Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

4.Which ecosystem(s) has/have partnered with Band Protocol?
👉 All are correct

5. Which of the following IS NOT a use case of the BAND token?
👉 To secure a discount when requesting data

6. Which sentence is CORRECT?
👉 BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.

7. What network is BandChain on?
👉 cosmos

8. Which characteristic DOES NOT correctly describe BAND Protocol?
👉 On-chain DeFi protocol

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