Are you searching for the newest Binance THORChain quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance THORChain Quiz answers
Here are all the answers to Binance's latest THORChain quiz
Quiz Time : Unclear
Last Update : October 20, 2022
Question 1: How many types of users are there in THORChain?
Answer is: 4
Question 2: What is the native coin of THORChain?
Answer is: RUNE
Question 3: What are the use cases of THORChain’s native coin?
Answer is: Governance, incentivization, settlement and network security
Question 4: What is the total supply of THORChain’s native coin?
Answer is: 500 million
Question 5: What is the role of a trader in the THORChain ecosystem?
Answer is: Function as an oracle to deliver data
Question 6: How does THORChain secure its network?
Answer is: Tendermint Byzantine Fault Tolerance, Cosmos-SDK and Threshold Signature Scheme (TSS)
Question 7: How would a BTC-to-ETH swap happen on THORChain?
Answer is: Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap
Question 8: Which of the following statements is true?
Answer is: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators
Question 9: THORChain is a Layer 2 DEX.
Answer is: False
Question 10: Who secures the network?
Answer is: Node Operators
How to earn RUNE on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in RUNE and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the THORChain quiz to earn rewards in Binance's native RUNE 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 RUNE 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 THORChain quiz, check out the Binance quiz answers to earn free crypto