August 3, 2022

Ответы на Learn&Earn Binance UMA, BAND, BTTC

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💎 Binance BTTC Quiz Answers 💎

Do your research and recheck the answers before submitting it. These answers are for reference purposes only

Q1. All of these concepts are related to Band Token except for…

Answer: Cash incentives

Q2. Which sentence is incorrect?

Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

Q3. Which characteristics differentiate Band Protocol from other oracle services?

Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

Q4. Which ecosystem(s) has/have partnered with Band Protocol?

Answer: All are correct

Q5. Which of the following IS NOT a use case of the BAND token?

Answer: To secure a discount when requesting data

Q6. Which sentence is CORRECT?

Answer: BandChain’s Delegated Proof of Stake design and BAND token create a decentralized network.

Q7. What network is BandChain on?

Answer: Cosmos

Q8. Which characteristic DOES NOT correctly describe BAND Protocol?

Answer: On-chain DeFi protocol

💎 Binance UMA Quiz Answers 💎

Do your research and recheck the answers before submitting it. These answers are for reference purposes only

Q1) What makes the OO optimistic?

Answer: Proposed data will not require resolution unless it is disputed, and disputes are rare

Q2) How many tokens did UMA transfer to its DAO in 2021?

Answer: 35 million tokens

Q3) Who are the three actors in the OO system?

Answer: The contract requesting the data; the participant proposing the data; and the disputer

Q4) Why is there a reward associated with voting correctly?

Answer: So there is an incentive to be correct

Q5) Why does the OO include a human component?

Answer: Humans can provide any kind of knowable truth to a blockchain

Q6) What are the phases in the UMA voting process?

Answer: Voting period; voting revealing period; reward collection period

Q7) What is the DAO tooling organization that is a sister protocol to UMA and Across and is secured by the OO?

Answer: Outcome.Finance

Q8) How long does it typically take for the OO, through its UMA token holders, to resolve a dispute?

Answer: 48 hours

Q9) What is UMA’s native token?

Answer: UMA coin

Q10) What is the cross chain bridge empowered by UMA and its OO?

Answer: Across

💎 Binance Band Protocol Quiz Answers 💎

Do your research and recheck the answers before submitting it. These answers are for reference purposes only

Q1) All of these concepts are related to Band Token except for…

Answer: Cash incentives

Q2) Which sentence is incorrect?

Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

Q3) Which characteristics differentiate Band Protocol from other oracle services?

Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

Q4) Which ecosystem(s) has/have partnered with Band Protocol?

Answer: All are correct

Q5) Which of the following IS NOT a use case of the BAND token?

Answer: To secure a discount when requesting data

Q6) Which sentence is CORRECT?

Answer: BandChain’s Delegated Proof of Stake design and BAND token create a decentralized network.

Q7) What network is BandChain on?

Answer: Cosmos

Q8) Which characteristic DOES NOT correctly describe BAND Protocol?

Answer: On-chain DeFi protocol

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