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🛑BUSD Answers

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

Algo Quiz Answers :-

1. DApp

2. 0.1 ALGO.

3. Proof of Stake (POS)

4. The problem with Proof of Work (POW) is that massive mining pools almost always prevail in the race to produce new blocks.

5. Algorand

6. A custom layer-1 blockchain can be supported by the public, decentralised, Pure Proof-of-Stake blockchain on the Algorand network.

7. 2017

8. The project asserts that it has found a solution to the trilemma and that the technology it has developed is especially beneficial for the creator economy, Decentralized Finance (DeFi), and fintech.

👉 Quiz Answers: TrueFi (TRU)
Give the following answers to the TrueFi (TRU) Learn & Earn Quiz

1. The world’s most transparent and effective financial infrastructure to support the global credit market
2. All are correct
3. Collateralized lending
4. $2 billion
5. TRU
6. All are correct
7. All are correct
8. All are correct
9. Each pool and portfolio has its own lender selection criteria, set by the manager
10. All are correct
11. Optimism
12. Exit liquidity differs depending on the opportunity, based on specifications set by the manager
13. All are correct

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