Binance Learn And Trade GMX Quiz Answers – Win $75,000 Rewards

Binance Learn And Trade GMX Quiz Answers – Binance GMX Answers , Binance Learn & Trade GMX Quiz Answers , Binance Learn & Earn Quiz Answers in Binance Crypto App Now. How to Participate in Learn & Trade Quiz Answers Program and Stand a Chance to Different types of Crypto Tokens Assured Earn $75,000 Rewards Up for Grabs. Enter the lucky draw to win the prizes by answering all questions correctly. If you can Participate & Play On Binance Learn and Trade GMX Quiz Answers to Submit and Win Rewards & Duration Till: Limited Times Hurry Up!!

Learn & Trade GMX – $75,000 Rewards Up for Grabs! This is a general announcement. Products and services referred to here may not be available in your region. Learn, Deposit & Trade to Share $75,000 Prize Pool in GMX Token Vouchers. Activity Period: 22 Nov 2022 From 02:00 to 30th Nov 2022 from 23:59 (UTC) Time.

How to Download Binanace 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.

Binance Learn And Trade GMX Quiz Answers

All users who complete a net deposit of at least 5 GMX or trade of at least 8 GMX across the eligible GMX spot and margin trading pairs (buys & sells), finish reading the GMX introduction article and take the quiz during the activity period, will qualify for a share of $75,000 in GMX token vouchers. Each eligible user will receive rewards based on their total number of correctly answered questions, as a proportion of all correctly answered questions by all qualified users.

Quiz NameBinance GMX Quiz Answers
Number of Questions :10 to 15
Date:22 Nov to 30th Nov 2022
Time02:00 (UTC)
Win RewardsCrypto Token (Earn $75,000 Rewards)
Number of Winners :1st come 1st serve
Quiz LinkVisit Here

If you can visit the link & Direct to participate binance learn & trade quiz answers and win rewards for quizzes start now!!!

Please Note: Do your research and recheck all answers before submitting, these answers are for reference purposes only

Binance Learn And Trade GMX Quiz Answers

Question 1. What is the GMX Protocol all about?

Answer: Decentralized leverage trading

Question 2. What is the maximum leverage on the platform?

Answer: 30.50x

Question 3. Which tokens can you trade on GMX?

Answer: ETH/BTC/UNI/LINK/AVAX

Question 4. What is GLP?

Answer: The liquidity provider token of the GMX protocol

Question 5. What does Tier 3 of the GMX referral program give you as rewards?

Answer: 15% of your referred volume paid out in ETH/AVAX, and 5% in esGMX

Question 6. What benefits do you get when trading on GMX?

Answer: Select all 3 options

Question 7. What does staking your GMX do?

Answer: Gives you 30% of all protocol fees paid out in ETH/AVAX

Question 8. Can you perform a swap trade on GMX?

Answer: IGO Yes, you can swap between all assets in the GLP pool and pay low fees

Question 9: What is the name of the GMX community NFT project?

Answer: GMX Blueberry Club

Question 10. What is the name of the podcast hosted by community members?

Answer: The Blueberry Podcast

Question 11. How are decisions made on the GMX platform?

Answer: Discussions on governance forums and a GMX voting snapshot to make the final decision

How to Participate in the “Binance Learn And Trade GMX Quiz Answers – Win $75,000 Rewards up for grabs

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 Trade GMX] landing page on Binance Participating page here

Please note: that you need to complete Identity Verification/Full KYC for your Binance account to be eligible for the rewards.

4. Click [Register Now] to Participate. Follow the instructions to learn and complete the quiz. If you pass the quiz, you will be rewarded with a token voucher.

5. All users who complete a net deposit of at least 5 GMX or trade of at least 8 GMX across the eligible GMX spot and margin trading pairs (buys & sells),

6. take the quiz during the activity period, and will qualify for a share of $75,000 in GMX token vouchers.

7. Each eligible user will receive rewards based on their total number of correctly answered questions, as a proportion of all correctly answered questions by all qualified users.

All the Binance GMX Learn and Trade Quiz Answers are Above this page!!!

8. 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.

9. To redeem the reward, go to [Account] – [Reward Center]. Reward Calculation: The reward for the qualified user = (Individual user’s correctly answered questions / Total number of correctly answered questions from all qualified users) * $75,000 in GMX token vouchers.

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.

Terms & Conditions:

  • All users should click the [Register Now] button on this page and complete KYC to successfully participate in the activity.
  • If you don’t have a Binance account, click here to get a 10% trading fee discount. The 10% spot trading fee discount will remain valid as long as the Binance referral program is in place. The 10% futures trading fee discount shared by the inviter will last for 30 days from the date of Futures account activation.
  • Eligible GMX spot and margin trading pairs: GMX/USDT, GMX/BTC, GMX/BUSD.
  • Binance will use the average closing price of the GMX/USDT trading pair at 23:59:59 (UTC) during the activity period as the GMX exchange rate used for rewards distribution.
  • Rewards will be distributed within two weeks after the activity ends. You will be able to log in and redeem your token voucher via Account > Reward Center.
  • The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.
  • Binance will combine sub-account’s and margin account’s trading volume with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
  • Trading volume counts both buys and sells, excluding any wash trades, across all eligible GMX spot and margin trading pairs.
  • Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
  • Binance reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

What is GMX?

GMX is a decentralized spot and perpetual exchange that enables users to trade BTC, ETH and other popular cryptocurrencies directly from their crypto wallets. The GMX user can do spot swaps and trade perpetual futures up to 30x leverage, similarly to how it’s done on a centralized exchange. However, contrary to using a centralized exchange, they keep custody of their assets by utilizing a cryptocurrency wallet.

GMX aims to provide a better trading experience with low swap fees and zero-price impact trades. The trading happens through its native multi-asset pool, GLP, which earns fees for liquidity providers. In addition, GMX uses Chainlink Oracles for dynamic pricing to aggregate prices from other high-volume exchanges.

GMX first launched on the Arbitrum One blockchain when the network went live in September 2021. Arbitrum is an Ethereum layer-2 Rollup, a solution designed to boost the speed and scalability of Ethereum smart contracts. Later, in January 2022, the deployment of GMX continued on Avalanche, which is also a high-speed EVM-compatible blockchain.

How to Buy GMX on Binance

You can buy GMX on cryptocurrency exchanges like Binance. 

1. Log into your Binance account and go to [Trade] -> [Spot]. 

2. Type “GMX” in the search bar to view the available trading pairs. We will use GMX/BUSD as an example.

3. Go to the [Spot] box and enter the amount of GMX you want to buy. In this example, we will use a market order. Click [Buy GMX] to confirm your order, and the purchased GMX will be credited to your Spot Wallet.

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