Are you searching for the newest Binance Kyber Network quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance Kyber Network Quiz answers
Here are all the answers to Binance's latest Kyber Network quiz
Quiz Time : Unclear
Last Update : Apr 3, 2023
Question 1: What is Kyber Network’s native token?
Answer is : KNC
Question 2: What is KyberSwap?
Answer is : All are correct
Question 3: Which blockchain is KyberSwap based on?
Answer is : Ethereum
Question 4: Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Answer is : True
Question 5: What is KyberDAO?
Answer is : Kyber Network’s community governance platform
Question 6: KyberSwap uses a ___ Market Maker protocol?
Answer is : Dynamic
Question 7: Users can earn KNC by:
Answer is : All are correct.
Question 8: The Amplification (AMP) factor is used to ___.
Answer is : Mimic higher levels of liquidity
Question 9: KyberSwap Classic uses a ___ Market Maker protocol?
Answer is : Dynamic
Question 10: What is the biggest difference between KyberSwap Elastic and KyberSwap Classic?
Answer is : Concentrated liquidity
Question 11: The main aim of concentrated liquidity is:
Answer is : Capital efficiency
Question 12: How many fee tiers can liquidity providers choose from in KyberSwap Elastic?
Answer is : 5 tiers
Question 13: Besides concentrated liquidity, what features set KyberSwap Elastic apart from its competitors?
Answer is : All of the above
Question 14: Based on which of the following factors does KyberSwap Elastic distribute farming rewards?
Answer is : All of the above
Question 15: If you’re a DeFi user who wants to customize your earning strategy and bring it to the next level, which KyberSwap version is better for you?
Answer is : KyberSwap Elastic
How to earn KNC on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in KNC and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the Kyber Network quiz to earn rewards in Binance's native KNC 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 KNC 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 Kyber Network quiz, check out the Binance quiz answers to earn free crypto