Binance LDO Quiz Answers
Binance Learn & Earn LDO Quiz, Binance Learn & Earn LDO 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 LDO 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 LDO Quiz & we have updated all correct answers of Binance LDO 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 LDO quiz“, where users can gain knowledge about LDO coin and earn up to $10 in crypto by completing course and quiz of LDO.
Lido (LDO) is a liquid staking solution for PoS blockchains like Ethereum. It gives users liquidity for their staked assets to earn additional yields on other DApps.
Binance LDO Quiz
| Binance Learn & Earn LDO Quiz | Details |
|---|---|
| Quiz about : | LDO Token |
| Quiz Date : | 19th October 2022 |
| Quiz Time : | 2022-10-19 16:30 (UTC) |
| Number of Questions : | 8 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance LDO 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 LDO quiz banner
- Click on that
- New chapter of learn & earn LDO quiz will live from 16.30 PM IST
- start the quiz at same time & solve using below already solved Binance LDO Quiz answers
Binance LDO Quiz Answers
Question 1 : What problem is Lido trying to solve in PoS staking?
Answer is : All are correct
Question 2 : What do users receive after staking their tokens on Lido?
Answer is : Assets that represent their staked tokens on a 1:1 basis, e.g., stake ETH and get stETH tokens
Question 3 : Where do users deposit their PoS token on Lido?
Answer is : The Lido staking pool smart contract
Question 4 : What can holders do with LDO?
Answer is : Vote on decisions in the Lido DAO
Question 5 : Why does Lido operate as a DAO?
Answer is : All are correct
Question 6 : What can users do with their stETH tokens?
Answer is : All are correct
Question 7 : What is the name of the utility token on Lido?
Answer is : LDO
Question 8 : In addition to Ethereum, which PoS blockchain does Lido support?
Answer is : Polkadot
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 LDO Tokens (Useful in LDO Quiz)
Founded in 2020, Lido is a liquid staking solution for Ethereum (ETH) and other PoS blockchains, including Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM). LDO is Lido’s native utility and governance token. It’s an ERC-20 token that has a total supply of 1 billion.
Lido issues 1:1 tokenized versions of staked assets to users. This gives them liquidity for their staked PoS tokens, so they can earn staking rewards on Lido while participating in other DeFi on-chain activities for additional yields.
LDO is used to reward users on the network. It also grants holders governance rights within the Lido DAO, allowing them to participate in the governance process by voting on certain decisions. The more LDO tokens they hold, the more powerful their vote is.
How Does LDO Network Work?
To get more users to participate in securing (PoS) networks, liquid staking services like Lido allow users to stake any amount of PoS assets to earn block rewards. Liquid staking is an innovative alternative that addresses the illiquidity, complexity, and centralization of PoS staking by not locking up the user’s staked tokens. It also lowers the barriers to entry for staking and the opportunity cost associated with lock-up requirements.
When users deposit PoS assets to Lido, their tokens are staked on the PoS blockchain via the Lido protocol. It is a staking pool smart contract that manages users’ deposits and withdrawals, delegates funds to node operators, and determines the fees for staking rewards, as well as the minting and burning of tokens. In addition, the smart contract also contains a full list of node operators, their validation keys, and reward distribution records.
Terms and Conditions Of Binance LDO 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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