Binance Algorand Quiz Answers

Q1) Algorand has a Governance Program that allows the community to vote on measures that impact the future of the blockchain. True or false?

Answer: True

Q2) What is the total supply of ALGO tokens?

Answer: 10 billion

Q3) What is the minimum stake needed to run a validator node in Algorand's PPOS consensus mechanism?

Answer: 0.1 ALGO

Q4) Silvio Micali, founder of Algorand, is famous for being the co-inventor of which of the following technologies?

Answer: All are correct

Q5) Which of the following companies are building NFT and Web3 projects on Algorand?

Answer: All are correct

Q6) For each round, the network selects:

Answer: The block proposal with the lowest VRF hash

Q7) How fast is an Algorand block?

Answer: 3.7 seconds

Q8) How much does it cost to send a transaction in Algorand?

Answer: 0.001 ALGO

Q9) How many transactions per second (TPS) can Algorand process?

Answer: 6,000

Q10) What is Algorand's consensus mechanism?

Answer: Pure Proof-of-stake (PPoS)

Binance BUSD Quiz Answers

Q1) What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?

Answer: Binance-peg BUSD

Q2) What is the total supply of BUSD?

Answer: Just over 22 billion

Q3) Which chain is BUSD minted on by Paxos?

Answer: Ethereum

Q4) Who regulates BUSD?

Answer: NYDFS (New York Department of Financial Services)

Q5) Who mints BUSD?

Answer: Paxos

Q6) What fiat currency is BUSD pegged to?

Answer: U.S. Dollar

Q7) BUSD is backed 1:1 with:

Answer: Cash reserves

Q8) How can you purchase BUSD or Binance-Peg BUSD?

Answer: All are correct

Q9) What can BUSD be used for?

Answer: All are correct

Q10) Which of the following descriptions is incorrect?

Answer: BUSD doesn't provide a monthly basis attestation report.

Binance BNB Quiz Answers

Q1) BEP-2 BNB is the native coin of Ethereum. True or false?

Answer: False

Q2) What use cases does BNB have?

Answer: All are correct

Q3) Which token standards exist for BNB?

Answer: All are correct

Q4) Owning BNB provides you with a share of Binance's profits.

Answer: False

Q5) Which token standards exist for BNB?

Answer: All are correct

Q6) BNB was originally issued as a:

Answer: ERC-20 token on Ethereum

Q7) What was BNB's initial sale price during its distribution?

Answer: 1 ETH for 2700 BNB and 1 BTC for 20,000 BNB

Q8) BNB launched through an initial game offering (IGO) in 2017?

Answer: False

Q9) Total supply of BNB?

Answer: 200 million BNB

Binance Polymesh Quiz Answers

Q1) What is Polymesh built for?

Answer: Security tokens

Q2) Who are Polymesh's node operators?

Answer: Regulated financial entities only

Q3) How large is the securities market?

Answer: Hundreds of trillions of dollars

Q4) Can you earn staking rewards with POLYX?

Answer: Yes

Q5) Polymesh falls into which category of blockchain?

Answer: Public permissioned

Q6) How is POLYX classified under Swiss law?

Answer: Utility token

Q7) What consensus mechanism does Polymesh use?

Answer: Proof-of-stake

Q8) What are the key pillars of Polymesh?

Answer: Governance, identity, compliance, confidentiality, settlement

Q9) What are the next steps for Polymesh?

Answer: Stablecoins, MERCAT, Integrations, NFTS

Q10) Polymesh is the blockchain of?

Answer: Making tokenization accessible to institutions

Binance Alpine Quiz Answers

Q1. What year did BWT Alpine F1® Team enter Formula One™?

Answer: 2021

Q2. Which was the first race of which the Alpine F1® Team make their debut?

Answer: Formula 1 Gulf Air Bahrain Grand Prix 2021

Q3. Which of the following Alpine Experiences takes place at an altitude of 2200 metres?

Answer: Alpine Ice Driving Experience

Q4. Which of the following drives for Alpine esports team?

Answer: Nicolas Longuet

Q5. Where is BWT Alpine F1® Team's chasis built?

Answer: Enstone, United Kingdom

Q6. Who is the current CEO of the BWT Alpine F1® Team?

Answer: Laurent Rossi

Q7. How many races did current BWT Alpine F1® Team reserve driver Oscar Piastri win on his way to winning the 2021 Fia Formula 2 Championship?

Answer: 6

Q8. During which Grand Prix did BWT Alpine F1® Team claim its maiden win?

Answer: Formula 1 Rolex Magyar Nagydij 2021

Q9. How many gears does the Alpine A522 have?

Answer: 7

Q10. How can you get ALPINE F1® Team Fan Tokens before listing?

Answer: Launchpad

Q11. What did the listing date of the ALPINE F1® Team Fan Token coincide with?

Answer: BWT Alpine F1® Team's first race of the year

Q12. What is the initial circulating supply of ALPINE when launched on Binance?

Answer: 11,360,000

Q13. What token do you need in order to participate in the Alpine F1® Team Fan Token Launchpad?

Answer: BNB

Q14. Which of the following is NOT true?

Answer: ALPINE F1® Team Fan Token holders with 1,000 ALPINE will be able to get the animated ALPINE NFTs.

Q15. Which of the following ways can fans get ALPINE F1® Team Fan Tokens?

Answer: Participate in the Binance Launchpad and Binance P2P & Spot Market, Gift Cards

Q16. Which driver was featured in the Binance x BWT Alpine F1® Team launch video on the Fan Token page?

Answer: Esteban Ocon

Q17. Which of the following is not an Alpine car?

Answer: Alpine A GT

Q18. How much ALPINE in total is the Binance Fan Token planning to airdrop to its community to celebrate their partnership?

Answer: 100

Q19. How many limited edition NFTs is BWT Alpine F1® Team releasing for the first collection?

Answer: 15,000

Q20. When was the ALPINE F1® Team Fan Token listed on Binance Fan Token Platform?

Answer: 21 February 2021

Binance TrueFi Quiz Answers

Q1) TrueFi's mission is to build what?

Answer: The world's most transparent and effective financial infrastructure to support the global credit market

Q2) What benefits does TrueFi offer its users?

Answer: All are correct

Q3) What is not a function of the TrueFi credit protocol?

Answer: Collateralized lending

Q4) Approximately how much in unsecured loans has TrueFi originated between November 2020 and December 2022?

Answer: $2 billion

Q5) What is TrueFi's native token?

Answer: TRU

Q6) TrueFi's native token is used to facilitate:

Answer: All are correct

Q7) What benefits does TrueFi offer its users?

Answer: All are correct

Q8) What are the benefits of launching a financial opportunity on-chain using TrueFi?

Answer: All are correct

Q9) Who can loan into TrueFi pools and portfolios?

Answer: Each pool and portfolio has its own lender selection criteria, set by the manager

Q10) How can lenders generate yields on TrueFi?

Answer: All are correct

Q11) Besides Ethereum, what other blockchain does TrueFi support?

Answer: Optimism

Q12) How can TrueFi lenders exit their loan position in a TrueFi pool or portfolio?

Answer: Exit liquidity differs depending on the opportunity, based on specifications set by the manager

Q13) What protections do TrueFi lenders enjoy against loss of capital on the protocol?

Answer: All are correct

Binance Skale Quiz Answers

Q1) How much are gas fees on the SKALE Network?

Answer: Zero

Q2) What type of blockchain is the SKALE Network?

Answer: Modular Layer1/Layer2 Hybrid

Q3) What types of decentralized applications run on SKALE?

Answer: All are correct

Q4) How does SKALE improve User Experience?

Answer: All are correct

Q5) 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: True

Q6) How does SKALE increase the supply of SKALE Chains?

Answer: Incentivizing SKALE chain creation through surge pricing

Q7) SKALE is Ethereum compatible.

Answer: True

Q8) How many Elastic Sidechains can be created in the SKALE ecosystem?

Answer: An unlimited amount

Binance Lido Quiz Answers

Q1) What problem is Lido trying to solve in PoS staking?

Answer: All are correct

Q2) What do users receive after staking their tokens on Lido?

Answer: Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens

Q3) Where do users deposit their PoS token on Lido?

Answer: The Lido staking pool smart contract

Q4) What can holders do with LDO?

Answer: Vote on decisions in the Lido DAO

Q5) Why does Lido operate as a DAO?

Answer: All are correct

Q6) What can users do with their stETH tokens?

Answer: All are correct

Q7) What is the name of the utility token on Lido?

Answer: LDO

Q8) In addition to Ethereum, which PoS blockchain does Lido support?

Answer: Polkadot

Binance BENQI Quiz Answers

Q1) Which of the following is part of BENQI's suite of protocols?

Answer: All are correct

Q2) Which blockchain is BENQI deployed on?

Answer: Avalanche

Q3) What is the purpose of the QI token?

Answer: All are correct

Q4) Which asset does BENQI Liquid Staking support?

Answer: AVAX

Q5) Which of the following assets are listed on BENQI Liquidity Market?

Answer: All are correct

Q6) Users can seamlessly stake on BENQI Liquid Staking to both secure the network it's on while having the freedom to use that capital within DeFi.

Answer: True

Q7) Which yield-bearing asset do users receive from BENQI Liquid Staking?

Answer: sAVAX

Q8) Are there any minimum requirements for staking on BENQI Liquid Staking?

Answer: No

Q9) What is the purpose of veQI?

Answer: Voting power for validators to receive additional staking delegations

Q10) Which of the following protocols is BENQI's liquid staking asset integrated with?

Answer: All are correct

Binance WOO Network Quiz Answers

Q1) What share of WOO Network's revenue contributes to the monthly buyback and burn?

Answer: 50%

Q2) What is WOO Network's centralized exchange called?

Answer: WOO X

Q3) How much does Kronos Research trade each day?

Answer: $1 billion +

Q4) What network did WOOFi first launch on?

Answer: BNB Chain

Q5) Who benefits from WOO Network's services?

Answer: All are correct

Q6) WOO Network was selected as a judge in BNB Chain's Most Valuable Builder Program. True or false?

Answer: False

Q7) Who invested in WOO Network's Series A+ fundraising round in 2021?

Answer: Binance Labs

Q8) Which ecosystem(s) are partnered with WOO DAO?

Answer: All are correct

Q9) WOO Network was designed to address high fees and fragmented liquidity across crypto networks and applications. True or false?

Answer: True

Q10) Who benefits from WOO Network's liquidity?

Answer: All are correct

Q11) WOOFi is an all-in-one dApp.

Answer: True

Q12) What is WOOFi's swap fee?

Answer: 0.025%

Q13) How quickly can WOOFi cross-chain swaps complete?

Answer: 30 seconds

Q14) Which of these are features of WOOFi Supercharger vaults?

Answer: All are correct

Q15) How many chains is WOOFi integrated with?

Answer: 4

Q16) WOOFi DEX has a customizable UI and visible orderbook.

Answer: True

Q17) Which network is WOOFi DEX built upon?

Answer: NEAR

Binance BURGER Quiz Answers

Q1) Which chain is Burger Cities based on?

Answer: BNB

Q2) What is the name of the token exchange place in BurgerCities?

Answer: Black Market

Q3) From which of the following platforms did BurgerCities evolve?

Answer: BurgerSwap

Q4) Which of the following is the central part of the BurgerCities' gameplay?

Answer: Hero NFTS

Q5) What features does BurgerCities have in its current version?

Answer: All are correct

Q6) What is the total supply of BURGER?

Answer: 63 million

Q7) How long will the additional issuance of BURGER be unlocked?

Answer: Unlocked in 36 months

Q8) What percentage of the total supply of smtechyt BURGER is used as incentives?

Answer: 50%

Q9) What are the gameplays available in BurgerCities?

Answer: All are correct

Q10) On which platforms can you buy BURGER?

Answer: All are correct

Binance KNC Quiz Answers

Q1) What is KyberSwap?

Answer: All are correct

Q2) What is KyberDAO?

Answer: Kyber Network's community governance platform

Q3) Users can use KyberSwap's Discover feature to discover potentially trending tokens

Answer: True

Q4) The Amplification (AMP) factor is used to____

Answer: Mimic higher levels of liquidity

Q5) Which blockchain is KyberSwap based on?

Answer: Ethereum

Q6) Users can earn KNC by

Answer: All are correct

Q7) KyberSwap uses ___ a Market Maker protocol?

Answer: Dynamic

Q8) What is Kyber Network's native token?

Answer: KNC

Binance Livepeer Quiz Answers

Q1) What is the native token of Livepeer?

Answer: LPT

Q2) Who stakes Livepeer tokens (LPT) in order to receive a share of video processing fees?

Answer: Delegators

Q3) Livepeer is built on which blockchain?

Answer: Ethereum

Q4) What are the benefits of delegating LPT on the Livepeer network?

Answer: All are correct

Q5) Livepeer has processed over 150 million minutes of video since its mainnet launch. True or false?

Answer: True

Q6) Which of the following provides a gateway to delegating on the Livepeer network?

Answer: The Livepeer Explorer

Q7) Transcoding is one of the steps necessary to deliver video content smoothly to end users. True or false?

Answer: True

Q8) Livepeer is used primarily to process what type of content?

Answer: Video content

Q9) Livepeer orchestrators receive a share of video processing fees in the form of?

Answer: ETH

Q10) When was Livepeer's mainnet launch?

Answer: 2018

Binance Highstreet Quiz Answers

Q1) What is HIGH token's maximum supply?

Answer: 100 million

Q2) Which region will the next Highstreet's IHO be based on?

Answer: Animoca Archipelago

Q3) Which platform can the current stage of Highstreet be played on?

Answer: PC & VR

Q4) Which area does Highstreet stand out from other Metaverses?

Answer: All are correct

Q5) Highstreet's apparel collection with 8-bit is available for purchase from real-life department stores. True or false?

Answer: True

Q6) Who's able to purchase lands and become a land owner from Highstreet?

Answer: Brands

Q7) Which ecosystem(s) is HIGH token on?

Answer: Ethereum & BSC

Q8) What are the feature(s) of Highstreet Homes?

Answer: All are correct

Q9) Which centralized exchanges can $HIGH tokens be purchased from?

Answer: Binance, Coinbase, Crypto.com

Q10) Highstreet's Phygital items can only be purchased online.

Answer: False

Binance Mantra Quiz Answers

Q1) NFTs, metaverse and gaming can all be built on which one of MANTRA's stacks?

Answer: MANTRA Chain

Q2) MANTRA Chain is compatible with which of these blockchains? Select all that apply.

Answer: EVM & IBC

Q3) Does MANTRA Finance provide initial coin offerings?

Answer: Yes

Q4) What is HeliSwap?

Answer: Decentralized exchange

Q5) What is MANTRA's Governance Token?

Answer: $OM

Q6) Where in the OMniverse can you find retail staking?

Answer: MANTRA Nodes

Q7) MANTRA Nodes offers which of the following?

Answer: All are correct

Q8) What Year was MANTRA founded?

Answer: 2020

Binance XRP Quiz Answers

Q1) XRPL is decentralized, permissionless, and open-source

Answer: True

Q2) What is the native digital asset on the XRP Ledger?

Answer: XRP

Q3) On average, how long does a transaction confirmation on the XRP Ledger take?

Answer: 3 to 5 seconds

Q4) What is the XRP Ledger's validation mechanism?

Answer: Federated Consensus

Q5) What can the XRP Ledger be used for today?

Answer: All the correct

Q6) What is the average cost of transactions on XRPL?

Answer: Less than 1 cent

Q7) Which of the following describes the XRPL?

Answer: All are correct

Q8) The XRPL's built-in DEX is based on an order book model.

Answer: True

Q9) The XRP Ledger is useful for developers because.

Answer: They are able to code in Python, Java and JavaScript languages

Binance Lisk Quiz Answers

Q1) Which popular programming language does Lisk support?

Answer: JavaScript

Q2) What consensus mechanism does Lisk currently utilize?

Answer: Delegated Proof of Stake

Q3) Which token is used within the Lisk Network as a utility token?

Answer: LSK

Q4) What is the current development goal for Lisk?

Answer: To enable interoperability within the Lisk ecosystem

Q5) How will blockchain applications operate within the Lisk Ecosystem?

Answer: On separate sidechains

Q6) What makes Lisk accessible to Web3 developers?

Answer: All are correct

Q7) How can users benefit from Lisk's accessibility?

Answer: All are correct

Q8) What can LSK holders do with the token?

Answer: All are correct

Binance BTTC Quiz Answers

Q1) All of these concepts are related to Band Token except for...

Answer: Cash incentives

Q2) Which sentence is incorrect?

Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

Q30 Which characteristics differentiate Band Protocol from other oracle services?

Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

Q4) Which ecosystem(s) has/have partnered with Band Protocol?

Answer: All are correct

Q5) Which of the following IS NOT a use case of the BAND token?

Answer: To secure a discount when requesting data

Q6) Which sentence is CORRECT?

Answer: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.

Q7) What network is BandChain on?

Answer: Cosmos

Q8) Which characteristic DOES NOT correctly describe BAND Protocol?

Answer: On-chain DeFi protocol

Binance BAND Protocol Quiz Answers

Q1) All of these concepts are related to Band Token except for...

Answer: Cash incentives

Q2) Which sentence is incorrect?

Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

Q3) Which characteristics differentiate Band Protocol from other oracle services?

Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

Q4) Which ecosystem(s) has/have partnered with Band Protocol?

Answer: All are correct

Q5) Which of the following IS NOT a use case of the BAND token?

Answer: To secure a discount when requesting data

Q6) Which sentence is CORRECT?

Answer: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.

Q7) What network is BandChain on?

Answer: Cosmos

Q8) Which characteristic DOES NOT correctly describe BAND Protocol?

Answer: On-chain DeFi protocol

Binance UMA Quiz Answers

Q1) What makes the OO optimistic?

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

Q2) How many tokens did UMA transfer to its DAO in 2021?

Answer: 35 million tokens

Q3) Who are the three actors in the OO system?

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

Q4) Why is there a reward associated with voting correctly?

Answer: So there is an incentive to be correct

Q5) Why does the OO include a human component?

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

Q6) What are the phases in the UMA voting process?

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

Q7) What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?

Answer: Outcome.Finance

Q8) How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?

Answer: 48 hours

Q9) What is UMA's native token?

Answer: UMA coin

Q10) What is the cross chain bridge empowered by UMA and its OO?

Answer: Across

Binance Frontier Quiz Answers

Q1) How does Frontier ensure the safety of its users?

Answer: Frontier performs rigorous due diligence on all natively integrated projects, requiring them to show security proof via audit reports

Q2) What is the role of FRONT in the Frontier ecosystem?

Answer: FRONT is the utility token of the Frontier ecosystem. It has a total supply of 100M and is mainly used to reward users for exploring DeFi and using the Frontier wallet

Q3) What is the difference between native wallet integration by Frontier and nonnative wallet integration?

Answer: Native wallet integrations are implemented directly inside a wallet, while non-native rely on third-party applications and dapp browsers

Q4) Which popular NFT marketplaces does Frontier support?

Answer: All are correct

Q5) How many cryptocurrencies can you swap using Frontier?

Answer: 4000+

Q6) Which non-EVM blockchains does Frontier currently support?

Answer: Solana, Tezos, Algorand, Zilliqa, Bluzelle, Elrond, BNB Beacon Chain

Q7) What is native staking in Frontier?

Answer: Native staking is the staking of assets with validators to secure a blockchain, performed natively within the Frontier wallet application

Q8) On which devices is Frontier supported?

Answer: iOS & Android

Q9) What is the benefit of Frontier's Smart DeFi Notifications?

Answer: Smart DeFi Notifications keep users up-to-date on their DeFi, NFT, and GameFi positions across all networks

Binance THORChain 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

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 - 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 Biswap Quiz Answers

Q1) What is the current BSW emission rate per block?

Answer: 16 BSW

Q2) What is the maximum swap referral reward on Biswap?

Answer: 20%

Q3) What is the trading fee on the Biswap NFT Marketplace?

Answer: 0.1%

Q4) Biswap is a___

Answer: Decentralized exchange utilizing an AMM model

Q5) Who was Biswap audited by?

Answer: Certik

Q6) Biswap's core products include

Answer: All are correct

Q7) How is the Biswap NFT Marketplace trading fee distributed?

Answer: Distributed equally between buyers and sellers in Robi Boosts.

Q8) What is Biswap's native token?

Answer: BSW

Q9) Biswap's core products include

Answer: All are correct

Binance Jasmy Quiz Answers

Q1) In which of the following ways will you not be able to obtain JASMY metaverse tokens in the future?

Answer: PoW (Proof of Work)

Q2) How many JASMY tokens are allocated to the Jasmy Metaverse Fund?

Answer: 1 billion

Q3) Jasmy is based in Japan. True or false?

Answer: True

Q4) Which of the following is a characteristic of the Jasmy Metaverse?

Answer: All are correct

Q5) What does the Metaverse Fund support?

Answer: All are correct

Q6) Which exchanges is Jasmy listed on?

Answer: All are correct

Q7) What is Jasmy's goal?

Answer: To promote data democracy

Q8) Jasmy is making its foray into?

Answer: Metaverse

Binance Tezos (XTZ) Quiz Answers

Q1) What is Tezos' native coin?

Answer: tez (xtz)

Q2) How does Tezos increase security in the network?

Answer: By being deeply decentralized

Q3) What are some of the types of decentralized applications built on the Tezos blockchain?

Answer: All are correct

Q4) What are some use cases of Tezos' native coin?

Answer: Voting rights & Becoming a validator

Q5) Who can participate in securing the network?

Answer: Users who delegate their Tez (XTZ) tokens to bakers & Validators called bakers

Q6) What is the consensus mechanism model used by Tezos called?

Answer: Liquid Proof of Stake

Q7) What Is Tezos (XTZ)?

Answer: Tezos' unique self-amending protocol prevents hard forks & Tezos' code is open-source code

Binance Immutable X (IMX) Quiz Answers

Q1) Which blockchain is the Immutable X ecosystem built for?

Answer: Ethereum

Q2) Users can trade NFTs on any of the marketplaces built on Immutable X.

Answer: TRUE

Q3) What can token holders do with the IMX token?

Answer: Pay for fees on Immutable X, Vote for governance proposals, Stake to earn IMX rewards

Q4) Who can build on IMX?

Answer: All are correct

Q5) What can users do with the Immutable X APIs and SDKs?

Answer: All are correct

Q6) Which scaling technology does Immutable X use?

Answer: ZK-Rollups

Q7) Which statement best describes Immutable X?

Answer: A layer 2 scaling solution for NFTs on Ethereum.

Q8) Which Immutable X feature can enhance the liquidity of NFT assets?

Answer: The Immutable X global order book

Q9) What is Immutable X trying to achieve?

Answer: All are correct

Q10) Which ZK proof does Immutable X use?

Answer: STARK proof

Binance Multichain Quiz Answers

Q1) What are the use cases of MULTI?

Answer: Governance and staking

Q2) How many tokens are currently supported by Multichain?

Answer: 1000+

Q3) What is the total supply of Multichain's native token?

Answer: 100 M

Q4) What are the solutions that Multichain offers for seamless transfer of assets?

Answer: Cross-Chain Bridges, Routers, and anyCall

Q5) What is the native coin of Multichain?

Answer: MULTI

Q6) How is consensus reached in Multichain?

Answer: Independent nodes that own part of a private key collectively sign transactions.

Q7) Interoperability is the concept of independent blockchains being able to interact with each other.

Answer: true

Q8) What benefits do users sending assets from one network to another enjoy?

Answer: All are correct

Q9) What's the difference between Multichain's bridges and routers?

Answer: Bridges enable interoperability between two chains while routers enable interoperability between any chain.