Are you searching for the newest Binance UMA quiz answers? Well, you're at the right place.
{tocify}$title={Table of Contents}Binance UMA Quiz answers
Here are all the answers to Binance's latest UMA quiz
Quiz Time : Unclear
Last Update : October 20, 2022
Question 1: What makes the OO optimistic?
Answer is: Proposed data will not require resolution unless it is disputed, and disputes are rare
Question 2: What is UMA’s native token?
Answer is: UMA coin
Question 3: Why does the OO include a human component?
Answer is: Humans can provide any kind of knowable truth to a blockchain
Question 4: Who are the three actors in the OO system?
Answer is: The contract requesting the data; the participant proposing the data; and the disputer
Question 5: What are the phases in the UMA voting process?
Answer is: Voting period; voting revealing period; reward collection period
Question 6: How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?
Answer is: 48 hours
Question 7: Why is there a reward associated with voting correctly?
Answer is: So there is an incentive to be correct
Question 8: How many tokens did UMA transfer to its DAO in 2021?
Answer is: 35 million tokens
Question 9: What is the cross chain bridge empowered by UMA and its OO?
Answer is: Across
Question 10: What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?
Answer is: Outcome.Finance
How to earn UMA on Binance Learn and Earn
Through Binance Learn and Earn initiative, users can earn rewards in UMA and acquire knowledge about the basics of cryptocurrency and its related technology.
Here's how users can register for the UMA quiz to earn rewards in Binance's native UMA 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 UMA 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 UMA quiz, check out the Binance quiz answers to earn free crypto