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Binance Skale Quiz Answers - Binance Learn & Earn!

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All KYC-verified users can begin to read the articles and watch the video(s) anytime from now, and complete quizzes from 2022-07-21 07:00 (UTC) while token supplies last! Eligible users will stand a chance to receive a predetermined amount of PAXG, SKL, STPT, or tokens from other projects, depending on the course or quiz they complete. Do note that each course can only be completed once, and every user qualifies for a maximum of one reward per completed course. 

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Binance Learn and Earn!

SKALE Learn & Earn Quiz Answers Binance!

Q: How much are gas fees on the SKALE Network?

A: zero

Q: What type of blockchain is the SKALE Network?

A: Modular Layer1/Layer2 Hybrid

Q: What types of decentralized applications run on SKALE?

A: All are correct

Q: How does SKALE improve User Experience?

A: All are correct

Q: 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?

A: true

Q: How does SKALE increase the supply of SKALE Chains?

A: Incentivizing SKALE chain creation through surge pricing.

Q: SKALE is Ethereum compatible. True or false?

A: true

Q: How many Elastic Sidechains can be created in the SKALE ecosystem?

A: An unlimited amount 

     Earn Passive Income on Binance

Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.

A: Proof of Stake blockchain

Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?

A: false

Q: What can you NOT do on Binance Earn?

A: Conduct leveraged trading to amply the returns

Q: Which of the following is a form of passive income?

A: Alice stakes her crypto holdings

Q: What can you do with Binance Earn?

A: Select different products to grow your crypto holdings

Q: What is NOT staking?

A: Generate returns by trading your coins

Q: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?

A: true

Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.

A: spot wallet

Q: Binance Locked Staking’s locking period for different products is the same. True or false?

A: false

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