Binance BUSD Quiz Answers – Binance Quiz Answers , Binance Learn & Earn BUSD Quiz Answers, Binance Learn and Earn BUSD Quiz Answer , Binance Learn & Earn Quiz Answers in Binance Crypto App Now. How to Participate in BUSD Learn & Earn Quiz Answers Program and Stand a Chance to Different types of Free Crypto Tokens Assured. Enter the lucky draw to win the prizes by answering all questions correctly. If you can Participate & Play On Binance Learn and Earn BUSD Quiz Answers to Submit and Win Rewards & Duration Till: Limited Times Hurry Up!!!
Learn & Earn is back All verified users can now access the learning materials to prepare for the quiz on January 30! Learn crypto, earn crypto. Binance is excited to announce that we will soon launch the next round of “Binance Learn & Earn”, where users can gain knowledge on blockchain and earn free crypto by completing courses and quizzes. Activity Period: 2023-01-30 09:00 (UTC) to 2023-02-13 09:00 (UTC)
How to Download Binance App & Website Visit and then you are registering an account/log in to your account and please complete your full KYC Verified Account then you are eligible to participate in this Learn & Quiz program for All Binance Users, and assured rewards Binance rewards balance. It is a big reward don’t miss it!!!
How to Get Started with Binance “Learn & Earn” and you can read for Terms & Conditions. then you can be joining this contest and win rewards. all quiz answers have been added to this page, don’t worry you can simply play this game and win Binance crypto token balance.
What is Binance “Learn & Earn”? In light of the increased demand for blockchain knowledge, Binance is excited to announce its new education initiative: Binance Learn and Earn. Users can learn blockchain knowledge and complete quizzes for a chance to earn free crypto. Earn free crypto through learning Build your blockchain knowledge, complete quizzes, and earn free crypto.
|Quiz Name||Binance BUSD Quiz Answers|
|Number of Questions :||10 to 20|
|Date:||30th Jan – 13 Feb 2023|
|Win Rewards||Crypto Token|
|Number of Winners :||1st come 1st serve|
|Quiz Link||Visit Here|
BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar. For every unit of BUSD, there is one U.S. dollar held in reserve. In other words, the supply of BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can swap their tokens for fiat and vice versa. Paxos, the token’s issuer, releases monthly attestations of BUSD’s reserves.
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Please Note: Do your research and recheck all answers before submitting, these answers are for reference purposes only
Binance BUSD Quiz Answers –
Q1. What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?
Answer: Binance-peg BUSD
Q2. What is the total supply of BUSD?
Answer: Just over 22 billion
Q3. Which chain is BUSD minted on by Paxos?
Q4. Who regulates BUSD?
Answer: NYDFS(New York Department of Financial Services)
Q5. Who mints BUSD?
Q6. What fiat currency is BUSD pegged to?
Answer: U.S. Dollar
Q7. BUSD is backed 1:1 with:
Answer: Cash reserves
Q8. How can you purchase BUSD or Binance-Peg BUSD?
Answer: All are correct
Q9. What can BUSD be used for?
Answer: All are correct
Q10. Which of the following descriptions is incorrect?
Answer: BUSD doesn’t provide a monthly basis attestation report.
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How to Participate in the “Binance Learn & Earn BUSD Quiz Answers” – Win Token Rewards
1. First Of All, Visit The Link: Binance App / Web Site from Here:-
New Users: You Must use Binance Referral ID: 193714685 and Get an Extra Bonus of 40%
2. Now, Get Sign Up / Login into Your Binance Account
3. Then Visit the [Learn and Earn] landing page on Binance Academy.
Please note: that you need to complete Identity Verification/Full KYC for your Binance account to be eligible for the rewards.
4. Select a course and click [Start Course]. Follow the instructions to learn and complete the quiz. If you pass the quiz, you will be rewarded with a token voucher.
All the Binance BUSD Learn and Earn Quiz Answers are Above this page!!!
5. To check rewards distribution, go to [Reward history]. Please note that rewards will be distributed in 48 hours if you pass the quiz and are qualified for this campaign.
6. To redeem the reward, go to [Account] – [Reward Center].
Please note that the token voucher is only valid for 14 days from the day of distribution. Please claim your tokens before the voucher expires. You can learn how to redeem a voucher here.
Am I eligible for the “Learn & Earn” rewards?
The Binance “Learn and Earn” rewards are for targeted Binance users only. New users need to complete Identity Verification first before they can earn “Learn & Earn” rewards.
All verified users must read the article, watch the video(s), and answer all questions inside the quiz correctly in order to earn the rewards. If you fail to complete the quiz, you are not qualified for any awards.
Please note that only specific Binance users are eligible to receive rewards for certain campaigns. Please refer to the activity page for details. Binance reserves the right for final reward distribution.
Terms and Conditions:
- Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards.
- 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 respective quiz.
- There will be caps imposed on the amount of rewards available to eligible users per country/region.
- Eligible users may complete multiple quizzes to claim multiple rewards. Users will not be able to participate in this activity once all rewards are distributed.
- The actual value of the reward received is subject to change due to market fluctuation.
- For Staking course only:
- BTTC rewards are only available to users who have never subscribed to Locked Staking products before the date stated on the announcement.
- Binance Staking will return staked digital assets/digital currencies to users’ Spot Wallets at the end of the agreed staking period. Users can view their Locked Staking assets by going to [Wallets] – [Earn] – [Locked Staking].
- For this activity, users may not redeem their staked digital assets/digital currencies in advance.
- For all remaining courses:
- Token voucher rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via [Account] – [Reward Center].
- Binance reserves the right to terminate the activity at any time without prior notice.
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- Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
1. First Of All, Download the Binance App
2. Login / Sign in to Your Account (KYC Mandatory)
3. Home Dashboard Section
4. Show Learn & Earn Quiz Banner
5. Click on this banner
5. you can participate and play this game
6. Slove Quiz Question & ANswers & Win Assured Rewards
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If you’ve purchased or traded crypto with Binance, you’ll likely have already come across BUSD. The token is common among the trading pairs Binance offers on its exchange. In short, BUSD acts as a digital version of the U.S. dollar and is pegged at its value.
For newcomers, it’s not always obvious why traders and investors hold BUSD. The role of BUSD and other stablecoins is, however, an essential part of the crypto ecosystem.
What exactly is BUSD?
BUSD is a stablecoin founded by Paxos and Binance. Paxos uses blockchain technology to offer their Stablecoin as a Service product to external companies. In the past, they also created a gold-backed stablecoin called PAX Gold (PAXG). The New York State Department of Financial Services regulates both BUSD and PAXG tokens.
On a technical level, BUSD is a fiat-backed stablecoin that maintains a U.S. dollar peg. An amount of U.S. dollars equal to the total supply of BUSD is held in custody by Paxos, acting as its reserves in FDIC-insured U.S. banks or backed by U.S. Treasuries. When the price of the U.S. dollar rises or falls, the price of BUSD also does in equal amounts. This is the most common and traditional model of stablecoin.