Cookie Consent by Free Privacy Policy Generator Binance Rune Quiz Answers - Learn & Earn!

What is Binance “Learn & Earn”?

In light of the increased demand for blockchain knowledge, Binance is excited to announce its new education initiative: Binance Learn and Earn. Users can learn blockchain knowledge and complete quizzes for a chance to earn free crypto. 

More Details about the activity rules can be found here: 

https://www.binance.com/en/support/faq/

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Requirements for Participation in Binance Learn & Earn:

> Must have Binance (KYC Verified A/c)

Don't Have: Create One Here: https://www.binance.com/

Binance THORChain (Rune) 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


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