Binance Learn And Earn BNB,BUSD Quiz Answer
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Binance Learn & Earn Quiz Answer:-
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 Answer
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. What is the total supply of BNB?
Answer: 200 million BNB
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