Binance, one of the biggest cryptocurrency exchanges in the world, is celebrating its sixth birthday with a fun and educational game. This game celebrates Binance’s history and gives people a chance to see how much they know about the platform and the crypto world in general.
What is the “Binance 6th Anniversary Quiz”?
A Look at the Quiz
The Binance 6th Anniversary Quiz is a part of the celebrations for Binance’s big effect in the cryptocurrency space over the past six years. The quiz has questions about Binance’s background, its services, and learning about cryptocurrencies in general.
What’s in it and how it’
The quiz questions cover a wide range of topics in the world of cryptocurrencies, from how Binance came to be and its different services to blockchain technology and market trends.
Rewards and Taking Part
People who take part have a chance to win prizes, which are usually Binance’s own token, BNB. This gives people a reason to learn and use the tool.
Value for Learning
In addition to the prizes, the quiz is meant to teach by helping people learn more about Binance and the crypto environment.
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Binance 6th anniversary Quiz Answer
Q1. What are crypto whales?
Ans:-Whales are entities that hold large amounts of cryptocurrency and can influence markets with thest trades.
Q2. What is a cryptocurrency?
Ans:- A digital currency that uses cryptography for security
Q3. Which of the following statements are true about blockchain technology?
Ans:- Blockchain is a distributed ledger technology that supports transparency, security, and decentralization.
Q4. Which of the following statements are true about private and public keys??
Ans:- Public keys are shared with others to receive funds while private keys are used to access and spend those funds.
Q5. Which of the following is not a social engineering tactic?
Ans:- 51% Attacks
Q6. Return on investment = [(current value-original cost)/ original cost] x 100%. Is this true or False..?
Last but not least, the Binance 6th Anniversary Quiz is more than just a party. It’s an educational trip through the world of cryptocurrencies that shows how Binance has changed over time and how cryptocurrencies work in general.