Binance Learn And Earn Quiz Answers

Binance learn and earn RUNE quiz answers

Q1. What is the native coin of THORChain?

Answer: RUNE

Q2. How many types of users are there in THORChain?

Answer: 4

Q3. What is the total supply of THORChain’s native coin?

Answer: 500 million

500 million

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Q4. What are the use cases of THORChain’s native coin?

Answer: Governance, incentivization, settlement & network security

Q5. How does THORChain secure its network?

Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)

Q6. How would a BTC-to-ETH swap happen on THORChain?

Answer: Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap

Q7. Which of the following statements is true?

Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators

Q8. Who Secures The Network?

Answer: Node Operators

Q9. THORChain is a layer 2 DEX

Answer: False

Q10. What is the role of trader in the THORChain’s native ecosystem?

Answer: Function as an oracle to deliver data

Binance learn & earn reef quiz answers

Q1) What consensus mechanism does the Reef ecosystem use?

Answer: Nominated Proof of Stake

Q2) What does Reef stand for?

Answer: Reliable, Extensible, Efficient, Fast

Q3) How much does the average transaction cost on Reef?

Answer: $0.17

Q4) What does REEF-20 mean?

Answer: The native utility token that powers the Reef blockchain

Q5) How many types of REEF tokens exist on the market?

Answer: 3

Q6) What is Reef Finance?

Answer: A layer 1 blockchain for DeFi, NFTs, and gaming

Q7) What is Reef’s current max token supply?

Answer: There is no max supply

Q8) What are the types of REEF tokens?

Answer: All of the options

Q9) How many transactions per second (TPS) is Reef able to process?

Answer: Over 460 TPS