Binance Learn and Earn Quiz Answer
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PAXG SKL STP Quiz Answers
All Questions Answered 🔗
1⃣ PAXG
Q : The value of a PAXG token is equal to:
A : 1 troy oz. of physical gold
Q: How do I know PAXG is fully backed by physical gold?
A: An independent auditing firm performs monthly checks on Paxos’ gold reserves.
Q : PAXG storage fees are
A : 0.00%
Q: When you own PAXG, you own physical gold. True or false?
A: True
Q : Paxos holds all customer assets, including PAXG, safely separate from any corporate funds and the company balance sheet. True or False?
A :True
Q: PAXG is regulated and approved by ____
A: New York State Department of Financial Services
Q : How can a PAXG holder look up their vaulted physical gold's serial number and physical characteristics?
A : Enter their Ethereum wallet address on the PAXG lookup tool.
Q: Where are PAXG’s physical gold reserves stored?
A: London Bank Vaults
Q : Which gold tokens can be redeemed for physical gold?
A : PAX Gold (PAXG)
Q : PAXG is built as an ____
A : ERC-20 token on the Ethereum blockchain
2⃣ STP
Q: What chains is STP bridging with its cross-chain technology?
A: Ethereum to Polygon
Q: Which participation metrics are trackable on Clique?
A: All are correct
Q: Which technology enables cross-chain governance on STP?
A: Data Bridge
Q: What problem does Clique solve?
A: Fragmentation of DAO tools in the space
Q: What is the main use case of STPT?
A: Governance
Q: What are the two main functions of Clique?
A: DAO creation and DAO management
Q: What type of DAOs does STP have a pre-made template for?
A: Investment DAO, Membership DAO, and Project DAO
Q: What is the native coin of STP?
A: STPT
Q: What is Clique
A: The all-in-one DAO platform that enhances member participation in DAOs through a single platform for everything DAO-related, whether it be voting, proposals, social posts, analytics, token management, etc.
Q: For DAOs on layer-1 blockchains, how is the voting power for governance on Clique determined?
A: The voting power will be dependent on the amount of native DAO tokens held by users in their wallet using the cross-chain technology
3⃣ SKL
Q: How much are gas fees on the SKALE Network?
A: zero
Q: What type of blockchain is the SKALE Network?
A: Modular Layer1/Layer2 Hybrid
Q: What types of decentralized applications run on SKALE?
A: All are correct
Q: How does SKALE improve User Experience?
A: All are correct
Q: The SKALE network supports thousands of independent blockchains, multi-chains, and storage chains with zero gas fees, faster commit times, and increased transaction throughput. True or False?
A: true
Q: How does SKALE increase the supply of SKALE Chains?
A: Incentivizing SKALE chain creation through surge pricing.
Q: SKALE is Ethereum compatible. True or false?
A: true
Q: How many Elastic Sidechains can be created in the SKALE ecosystem?
A: An unlimited amount
Earn Passive Income on Binance
Q: “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
A: Proof of Stake blockchain
Q: With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
A: false
Q: What can you NOT do on Binance Earn?
A: Conduct leveraged trading to amply the returns
Q: Which of the following is a form of passive income?
A: Alice stakes her crypto holdings
Q: What can you do with Binance Earn?
A: Select different products to grow your crypto holdings
Q: What is NOT staking?
A: Generate returns by trading your coins
Q: Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?
A: true
Q: When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.
A: spot wallet
Q: Binance Locked Staking’s locking period for different products is the same. True or false?
A: false
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