How to Participate in Binance Learn and Earn STPT  SKL PAXG Quiz

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Binance Learn & Earn STPT Quiz All Answers

Question 1: What chains is STP bridging with its cross-chain technology?

Answer is : Ethereum to Polygon

Question 2: Which participation metrics are trackable on Clique?

Answer is : All are correct

Question 3: Which technology enables cross-chain governance on STP?

Answer is : Data Bridge

Question 4: What problem does Clique solve?

Answer is : Fragmentation of DAO tools in the space

Question 5: What is the main use case of STPT?

Answer is : Governance

Question 6: What are the two main functions of Clique?

Answer is : DAO creation and DAO management

Question 7: What type of DAOs does STP have a pre-made template for?

Answer is : Investment DAO, Membership DAO, and Project DAO

Question 8: What is the native coin of STP?

Answer is : STPT

Question 9: What is Clique

Answer is : The all-in-one DAO platform that enhances member participation in DAOs through a single platform for everything DAO-related, whether it be voting, proposals, social posts, analytics, token management, etc.

Question 10: For DAOs on layer-1 blockchains, how is the voting power for governance on Clique determined?

Answer is : The voting power will be dependent on the amount of native DAO tokens held by users in their wallet using the cross-chain technology

Binance Learn & Earn PAXG Quiz All Answers

Question 1 : The value of a PAXG token is equal to:

Answer is : 1 troy oz. of physical gold

Question 2 : How do I know PAXG is fully backed by physical gold?

Answer is : An independent auditing firm performs monthly checks on Paxos’ gold reserves.

Question 3 : PAXG storage fees are

Answer is : 0.00%

Question 4 : When you own PAXG, you own physical gold. True or false?

Answer is : True

Question 5 : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?

Answer is : True

Question 6 : PAXG is regulated and approved by _

Answer is : New York State Department of Financial Services

Question 7 : How can a PAXG holder look up their vaulted physical gold’s serial number and physical characteristics?

Answer is : Enter their Ethereum wallet address on the PAXG lookup tool.

Question 8 : Where are PAXG’s physical gold reserves stored?

Answer is: London Bank Vaults

Question 9 : Which gold tokens can be redeemed for physical gold?

Answer is : PAX Gold (PAXG)

Question 10 : PAXG is built as an _

Answer is : ERC-20 token on the Ethereum blockchain

Binance Learn & Earn SKL Quiz All Answers

Question 1: How much are gas fees on the SKALE Network?

Answer is : Zero

Question 2: What type of blockchain is the SKALE Network?

Answer is : Modular Layer1/Layer2 Hybrid

Question 3: What types of decentralized applications run on SKALE?

Answer is : All are correct

Question 4: How does SKALE improve User Experience?

Answer is : All are correct

Question 5: The SKALE network supports thousands of independent blockchains, multi-chains, and storage chains with zero gas fees, faster commit times, and increased transaction throughput. True or False?

Answer is : True

Question 6: How does SKALE increase the supply of SKALE Chains?

Answer is : Incentivizing SKALE chain creation through surge pricing.

Question 7: SKALE is Ethereum compatible. True or false?

Answer is : True

Question 8: How many Elastic Sidechains can be created in the SKALE ecosystem?

Answer is : An unlimited amount

Earn Passive Income On Binance Quiz All Answers

Question 9: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.

A: Proof of Stake blockchain

Question 10: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?

A: false

Question 11: What can you NOT do on Binance Earn?

A: Conduct leveraged trading to amply the returns

Question 12: Which of the following is a form of passive income?

A: Alice stakes her crypto holdings

Question 13 : What can you do with Binance Earn?

A: Select different products to grow your crypto holdings

Question 14: What is NOT staking?

A: Generate returns by trading your coins

Question 15: 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

Question 16: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.

A: Spot wallet

Question 17: Binance Locked Staking’s locking period for different products is the same. True or false?

A: False

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