Binance QI Quiz Answers
Binance Learn & Earn BENQI Quiz, Binance Learn & Earn BENQI Quiz Answers – Hi Coolz Readers!! Hope you are reading our daily posting of amazon quiz answers & amazon funzone stars quiz answers. In between, Binance the popular crypto platform of the world has announced another learn & earn BENQI quiz program for all users.
There will be 3 Quizzes (WOO, LDO, QI) on 19th October 2022 in Binance learn & earn. we have already posted the Binance learn & earn WOO quiz answers. Here is all details about Binance BENQI Quiz & we have updated all correct answers of Binance BENQI Quiz.
We have already posted each & all Binance Learn & earn quiz answers in 1 post. must check out that one too.
Meanwhile , Binance has announced next chapter of “Binance Learn & Earn BENQI quiz“, where users can gain knowledge about BENQI coin and earn up to $10 in crypto by completing course and quiz of BENQI.
BENQI provides users with an Avalanche-based network that’s scalable, accessible, and decentralized. The BENQI ecosystem has established two main protocols – BENQI Liquid Staking and BENQI Liquidity Market.
Binance QI Quiz
| Binance Learn & Earn BENQI Quiz | Details |
|---|---|
| Quiz about : | BENQI Token |
| Quiz Date : | 19th October 2022 |
| Quiz Time : | 2022-10-19 16:30 (UTC) |
| Number of Questions : | 10 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance QI Quiz
- First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
- New Users of Binance can create new account from here
- Login into your Binance account
- Go to homepage & you will see this learn & earn BENQI quiz banner
- Click on that
- New chapter of learn & earn BENQI quiz will live from 16.30 PM IST
- start the quiz at same time & solve using below already solved Binance BENQI Quiz answers
Binance QI Quiz Answers
Question 1 : Which of the following is part of BENQI’s suite of protocols?
Answer is : All are correct
Question 2 : Which blockchain is BENQI deployed on?
Answer is : Avalanche
Question 3 : What is the purpose of the QI token?
Answer is : All are correct
Question 4 : Which asset does BENQI Liquid Staking support?
Answer is : AVAX
Question 5 : Which of the following assets are listed on BENQI Liquidity Market?
Answer is : All are correct
Question 6 : Users can seamlessly stake on BENQI Liquid Staking to both secure the network it’s on while having the freedom to use that capital within DeFi.
Answer is : True
Question 7 : Which yield-bearing asset do users receive from BENQI Liquid Staking?
Answer is : sAVAX
Question 8 : Are there any minimum requirements for staking on BENQI Liquid Staking?
Answer is : No
Question 9 : What is the purpose of veQI?
Answer is : Voting power for validators to receive additional staking delegations
Question 10 : Which of the following protocols is BENQI’s liquid staking asset integrated with?
Answer is : All are correct
Questions will be in different order in your accounts.
If anything change in this question , we will update correct questions on Our Telegram channel
Do Your Own Research too ,,, Don’t blame us for Wrong answers. If anything change in this question , we will update correct questions on Our Telegram channel
Details About BENQI Tokens (Useful in BENQI Quiz)
BENQI is a Decentralized Finance (DeFi) protocol built on the Avalanche network. The BENQI protocol consists of BENQI Liquid Staking and BENQI Liquidity Market.
BENQI Liquid Staking (BLS) is a liquid staking solution on Avalanche where users can utilize locked capital staked with Avalanche validators. This feature provides additional utility to their yield-bearing asset without lock-up periods or tedious cross-chain transfers.
BENQI Liquidity Market (BLM) is BENQI’s lending and borrowing protocol. Users can lend and borrow crypto-assets listed in a permissionless manner via smart contracts with no human intermediaries involved. Users earn yield for depositing assets into the market, and borrowing is done in an overcollateralized manner.
How Does BENQI Network Work?
Users stake AVAX on BLS and receive a yield-bearing asset, sAVAX, that earns yield accrued from Avalanche validator rewards. sAVAX can be freely transferred, traded, or used within DeFi applications such as automated market makers (AMMs), lending & borrowing protocols, and yield aggregators.
Through BLS, users stake AVAX on the EVM-compatible Avalanche C-Chain without needing to stake on the Avalanche P-Chain. This mechanism allows users to earn validating rewards from the P-Chain without running a full node, locking up AVAX on a validator node, or meeting the minimum staking threshold.
Users can redeem the AVAX asset at any time with no fees through a 2-week unstaking cooldown period or instantly swap it via AMMs with an exchange fee.
Terms and Conditions Of Binance BENQI Quiz :
- Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards.
- Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz.
- There will be caps imposed on the amount of rewards available to eligible users per country/region.
- Eligible users may complete multiple quizzes to claim multiple rewards. Users will not be able to participate in this activity once all rewards are distributed.
- The actual value of the reward received is subject to change due to market fluctuation.
- Rewards are only available to users who have never subscribed to Locked Staking products before the date stated on the announcement.
- Binance Staking will return staked digital assets/digital currencies to users’ Spot Wallets at the end of the agreed staking period. Users can view their Locked Staking assets by going to [Wallets] – [Earn] – [Locked Staking].
- For this activity, users may not redeem their staked digital assets/digital currencies in advance.
- Token voucher rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via [Account] – [Reward Center].
- Binance reserves the right to terminate the activity at any time without prior notice.
- Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants.
- Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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