Are you searching for the newest Binance Band Protocol quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance Band Protocol Quiz answers
Here are all the answers to Binance's latest Band Protocol quiz
Quiz Time : Unclear
Last Update : October 20, 2022
Question 1: Which characteristic DOES NOT correctly describe BAND Protocol?
Answer is: On-chain DeFi protocol
Question 2: What network is BandChain on?
Answer is: Cosmos
Question 3: Which of the following IS NOT a use case of the BAND token?
Answer is: To secure a discount when requesting data
Question 4: All of these concepts are related to Band Token EXCEPT for…
Answer is: Cash incentives
Question 5: Which characteristics differentiate Band Protocol from other oracle services?
Answer is: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain
Question 6: Which sentence is CORRECT?
Answer is: BandChain's Delegated Proof of Stake design and BAND token create a decentralized network.
Question 7: Which sentence is INCORRECT?
Answer is: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.
Question 8: Which ecosystem(s) has/have partnered with Band Protocol?
Answer is: All are correct
How to earn BAND on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in BAND and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the Band Protocol quiz to earn rewards in Binance's native BAND crypto.
- Visit the Binance learn and earn section on the Binance website, or through the Binance app.
- Browse through the crypto quiz options and select the BAND quiz.
- Complete the course.
And that's it! Also note that a user can only participate in the quiz once.
Now you've completed the Binance Band Protocol quiz, check out the Binance quiz answers to earn free crypto