Binance EGLD Learn And Trade Quiz Answer : Complete a Quiz to Share $75,000 in EGLD Token Vouchers

As a reaction to the “Binance EGLD Learn and Trade Quiz Answer,” I’ve put together a full guide using details from Binance’s website and other sources. You can take this quiz as part of a program by Binance that lets you learn about EGLD and trade to win rewards.

Total Price Pool: $85,000

Promotion Period: 2023-02-20 07:00 to 2023-03-01 23:59 (UTC)

Winner: All Users Participents 

How To Participate:

1. Open Binance Exchange and follow all Steps

2. Accumulate a total trading volume of at least $500 equivalent (including buys and sells) across the EGLD/USDT and EGLD/BUSD spot trading pairs during the Promotion Period 

Binance Exchange: Click Here

Quiz Link: Click Here

Binance EGLD Learn And Trade Quiz Answer

Q1) How does MultiversX manage to process tens of thousands of transactions per second (TPS)?

Answer: Parallelises throughput through Sharding (State, Transactions, Network)

Q2) What metric makes MultiversX the second largest PoS network in the world?

Answer: 3200 validator nodes

Q3) Out of these products, which was the one NOT unveiled at X Day Paris 2022?

Answer: xOS: a blockchain powered mobile operating system

Q4) Developers deploying smart contracts on MultiversX receive the following incentive…

Answer: 30% royalties for all transaction fees captured by the smart contract

Q5) What is MultiversX’s impact on the environment?

Answer: Positive – Elrond offsets more CO2 than is attributable to its modest PoS energy footprint

Terms & Conditions:

1. This promotion may not be available in your region.

2. Only users from qualified regions who click the [register now] button on this page and complete KYC by the end of the activity period shall be eligible for any rewards.

3. Eligible spot trading pairs: EGLD/USDT, EGLD/BUSD.

Binance will use $41.70 as the EGLD/USD exchange rate for rewards distribution.

4. Token voucher rewards will be distributed within two weeks after the Promotion ends. Users will be able to log in and redeem their token voucher rewards via Account > Reward Center.

5. The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.

6. Binance will combine sub-accounts’ trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.

7. Trading volume counts both buys and sells, excluding any wash trades, across all eligible spot trading pairs.

8. Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).

8A. Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Promotion Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.

8B. Additional promotion terms and conditions can be accessed here.

8C. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Conclusion

The Binance EGLD Learn and Trade event was a creative way to get people to trade and learn about EGLD at the same time. Binance wanted to help users learn more about EGLD and its community by giving them trading rewards and educational material.

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