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Binance SKALE Quiz Answers Today : Learn and Earn SKL Tokens Worth $55 ( Crypto Quiz )

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Binance SKALE ( SKL Token ) Quiz Answers Today
Binance SKALE ( SKL Token ) Quiz Answers Today

Also Read : Coinbase Cartesi Quiz Answers: Learn and Earn $3 CTSI Token 

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This Quiz contest will be run on the month of July 2022.

Binance SKALE Quiz Answers Today | Learn and Earn SKL Tokens

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Binance SKALE ( SKL ) Token Quiz Answers Today

Q1. How much are gas fees on the SKALE Network?

Answer : zero

Q2. What type of blockchain is the SKALE Network?
Answer : Modular Layer1/Layer2 Hybrid 

Q3. What types of decentralized applications run on SKALE?

Answer : All are correct

Q4. How does SKALE improve User Experience?

Answer : All are correct

Q5. 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?

Answer : true

Q6. How does SKALE increase the supply of SKALE Chains? 

Answer : Incentivizing SKALE chain creation through surge pricing.

Q7. SKALE is Ethereum compatible. True or false?

Answer : true

Q8. How many Elastic Sidechains can be created in the SKALE ecosystem?

Answer : An unlimited amount Earn Passive Income on Binance

Q9. "Locked staking" refers to the process of locking your digital assets on a _ for a certain period of time.

Answer : Proof of Stake blockchain

Q10. With Binance Locked Staking, redemption doesn't require a certain unlocking period. True or false?

Answer : false

Q11. What can you NOT do on Binance Earn?

Answer : Conduct leveraged trading to amply the returns

Q13. Which of the following is a form of passive income?

Answer : Alice stakes her crypto holdings 

Q14. What can you do with Binance Earn?

Answer : Select different products to grow your crypto holdings 


Q15. What is NOT staking?

Answer : Generate returns by trading your coins

Q16. 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?

Answer : true

Q17. When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your_.

Answer : spot wallet

Q18. Binance Locked Staking's locking period for different products is the same. True or false?

Answer : false

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