Binance Polymesh Quiz Answers: Participate in the new Binance’s learn & earn POLYX quiz and earn assured free cryptocurrency in your account.
{tocify}$title={Table of Contents}What is POLYX?
Polymesh is a layer 1 public permissioned blockchain built for security tokens, which are digital contracts for fractions of assets that hold real-world value.
As a public permissioned blockchain, anyone can view the network. However, you must complete an identity verification process to participate in it. This verification process applies to all actors on the chain, from issuers and investors to stakers and node operators.
Node operators in particular must be permissioned and licensed financial entities. This increases network security, since these entities face greater reputational risk than unidentifiable actors.
Polymesh enables market participants to enjoy the unique benefits of private and permissionless networks, offering trust in the network without compromising on transparency.
How To Participate In Binance Learn & Earn Quiz?
- Click on the link given below and create Binance accoun if you do not have one.
- Click on login and register on Binance with your valid mobile/email id.
- Must complete your KYC verification which is mandatory for collecting rewards.
- On the Binance app dashboard tap on learn & earn banner or directly visit here.
- Take the Alpine quiz and earn an assured crypto reward, answers are given below.
- Rewards are limited and are available on a first-come, first-served basis.
- Users can only claim the reward for each course after completing the quiz.
Binance POLYX Quiz Answers
Question 1: What consensus mechanism does Polymesh use?
Answer is : Proof-of-stake
Question 2: How is POLYX classified under Swiss law?
Answer is : Utility token
Question 3: What is Polymesh built for?
Answer is : Security tokens
Question 4: What are the key pillars of Polymesh?
Answer is : Governance, identity, compliance, confidentiality, settlement
Question 5: How large is the securities market?
Answer is : Hundreds of trillions of dollars
Question 6: Can you earn staking rewards with POLYX?
Answer is : Yes
Question 7: Who are Polymesh’s node operators?
Answer is : Regulated financial entities only
Question 8: Polymesh falls into which category of blockchain?
Answer is : Public permissioned
Question 9: Polymesh is the blockchain _______________.
Answer is : Making tokenization accessible to institutions
Question 10: What are the next steps for Polymesh?
Answer is : Stablecoins, MERCAT, Integrations, NFTs