How to Participate in Binance Learn and Earn UMA Quiz

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  1. New chapter of learn & earn UMA quiz will live from 12.30 PM IST Start the quiz at same time & solve using below already solved Binance UMA Quiz answers
Binance Learn & Earn UMA Quiz All Answers

Question 1: What makes the OO optimistic?

Answer is : Proposed data will not require resolution unless it is disputed, and disputes are rare

Question 2: How many tokens did UMA transfer to its DAO in 2021?

Answer is : 35 million tokens

Question 3: Who are the three actors in the OO system?

Answer is : The contract requesting the data; the participant proposing the data; and the disputer

Question 4: Why is there a reward associated with voting correctly?

Answer is : So there is an incentive to be correct

Question 5: Why does the OO include a human component?

Answer is : Humans can provide any kind of knowable truth to a blockchain

Question 6: What are the phases in the UMA voting process?

Answer is : Voting period; voting revealing period; reward collection period

Question 7: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?

Answer is : Outcome.Finance

Question 8: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?

Answer is : 48 hours

Question 9: What is UMA’s native token?

Answer is : UMA coin

Question 10: What is the cross chain bridge empowered by UMA and its OO?

Answer is : Across

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