Are you searching for the newest Binance COTI quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance COTI Quiz answers
Here are all the answers to Binance's latest COTI quiz
Quiz Time : Unclear
Last Update : October 19, 2022
Question 1: What is COTI?
Answer is: A layer-1 blockchain ecosystem designed for payments.
Question 2: How does COTI keep its transaction fees low?
Answer is: All are correct
Question 3: COTI is powering Djed, which is ____ first algorithmic stablecoin.
Answer is: Cardano’s.
Question 4: Which type of consensus algorithm is used in the COTI network?
Answer is: PoT (Proof of Trust).
Question 5: What does COTI MultiDAG enable?
Answer is: The issuance of tokens on top of the Trustchain protocol.
Question 6: How can I earn rewards from the COTI ecosystem?
Answer is: Deposit native COTI into the Treasury.
Question 7: The Treasury distributes rewards to COTI holders based on fees collected from:
Answer is: All of COTI’s products, including Treasury, COTI Pay Business, Djed, and more.
Question 8: Select the network(s) in which COTI operates.
Answer is: All are correct
How to earn COTI on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in COTI and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the COTI quiz to earn rewards in Binance's native COTI 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 COTI 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 COTI quiz, check out the Binance quiz answers to earn free crypto