Cookie Consent by Free Privacy Policy Generator Binance Learn & Trade STG Quiz Answers!

All users who trade at least 500 USDT equivalent across any spot and margin trading pairs (including both buys & sells), read the STG introduction article and complete the quiz on STG during the activity period, will qualify for a share of rewards.

Binance Learn & Trade STG Quiz Answers!

Promotion Period: 2022-09-06 03:00 to 2022-09-13 23:59 (UTC)

The total rewards pool will increase proportionally with the total number of qualified users. The higher the number of total qualified users, the higher the total rewards pool will be. The maximum rewards pool is $75,000 in STG token vouchers.

Reward Calculation:

The reward for the qualified user = (Individual user’s correctly answered questions / Total number of correctly answered questions from all qualified users) * Rewards pool unlocked.

Requirements for Participation in Binance Learn & Trade:

> Must have Binance (KYC Verified A/c)

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                              Learn & Trade STG Quiz Answers - Binance

1. Which chain(s) does Stargate currently support for ETH transfer?

Ethereum
Optimism
Arbitrum
All of the above

2. Which algorithm does Stargate use to solve the bridge trilemma?

Alpha Algorithm
Beta Algorithm
Gamma Algorithm
Delta Algorithm

3. Which of the following statements is NOT one of the main characteristics of Stargate?

Instant Guaranteed Finality: Users & Applications can trust that when they successfully commit a transaction on the source chain, it will arrive on the destination chain.
Native Assets: Cross-chain swaps in native assets are achieved in one single transaction on Stargate.
Wrapped Assets: You will get wrapped assets on the destination chain when you perform a transfer and you can redeem your wrapped assets with an additional swap.
Unified Liquidity: Shared access of a single liquidity pool across multiple chains creates deeper liquidity for users & applications that trust in the bridge's reliability.

4. Which of the following statements is NOT true if you transfer tokens on stargate.finance?

You need more than one transaction to complete a native asset swap on Stargate.
You don’t need to have gas tokens on the destination chain to perform a transfer. All gas fees are collected on the source chain.
You can set an amount of native gas tokens to receive on the destination chain.
When you turn on Walkthrough mode to perform a token transfer, you can have an overview of all your assets across 7 chains.

5. Stargate supports liquidity withdrawal from a remote chain different from the original chain where deposit occurs. If you deposit USDC on Polygon, which of the following options would be possible for you to receive your assets when you remove liquidity?

Receive USDC on Polygon
Receive USDT on Avalanche
Receive BUSD on BNB Chain
All of the above

6. Which of the following statements is NOT true about Stargate DAO governance?

OveSTG is the unit of Stargate governance voting power. It is received by staking locked Stargate tokens and is non-transferable.
All STG Token holders are eligible to submit non-binding proposals on community forum (Commonwealth).
veSTG holders can vote on Snapshot only if they stake STG on Ethereum but not on any other chains.
The Stargate Foundation’s purpose is to support the ecosystem of developers of the Delta (∆) algorithm and Stargate Protocol. This is primarily achieved by sponsoring initiatives and programs and providing the resources and support to the developer community.

7. Which of the following statements is NOT true about rewards on Stargate?

Liquidity providers can acquire STG rewards if they farm their LP tokens.
If there are no STG emissions on a certain chain, liquidity providers on that chain don't have rewards.
veSTG holders can acquire rewards from Stargate transfer fees.
Whitelist partners can acquire rewards from Stargate transfer fees.

8. Stargate is an omnichain liquidity transfer layer. dApps can integrate with Stargate easily. What kind of applications can be built on top of Stargate?

Omnichain DEXes and AMMs
Omnichain yield aggregators
Omnichain lending and borrowing
All of the above

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