Cryptocurrency quizzes and games have been gaining popularity among both crypto enthusiasts and newcomers alike.
Binance, one of the world’s largest cryptocurrency exchanges, has launched the Binance EGLD Quiz, offering participants the chance to win a share of $75,000 in cryptocurrency prizes.
In this blog post, we’ll provide an overview of the Binance EGLD Quiz, including what participants can win, how to participate, and tips for increasing the chances of winning.
So, whether you’re a seasoned crypto trader or a curious beginner, read on to learn more about this exciting opportunity
What is Elrond?
Elrond (EGLD) is a relatively new cryptocurrency that aims to address the scalability and efficiency challenges of existing blockchain networks.
It was founded in 2017 by a team of experienced entrepreneurs, engineers, and researchers who sought to create a more user-friendly, secure, and accessible blockchain ecosystem.
Elrond’s main features include fast transaction speeds, low fees, and high throughput, thanks to its innovative consensus mechanism called Secure Proof of Stake (SPoS).
This mechanism allows multiple validators to participate in the network and reach consensus quickly and securely, without requiring extensive computational power.
Elrond has several use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), and digital identity verification.
Its fast transaction speeds and low fees make it an attractive option for users who want to engage in peer-to-peer transactions or access decentralized applications (dApps) without incurring high transaction costs.
Winning EGLD in the Binance EGLD Quiz is valuable for several reasons.
Firstly, it provides an opportunity to invest in a promising cryptocurrency that has shown significant growth potential in recent months.
Additionally, by owning EGLD, you can participate in Elrond’s ecosystem and benefit from its innovative features, such as staking, governance, and voting.
EGLD is a valuable cryptocurrency to win because it represents a promising investment opportunity and provides access to a fast, secure, and scalable blockchain ecosystem with a range of use cases.
By winning EGLD in the Binance EGLD Quiz, you can potentially benefit from the growth of this exciting cryptocurrency while contributing to the growth of the Elrond ecosystem.
How to participate In the Binance EGLD Quiz
To participate in the Binance EGLD Quiz and have a chance to win a share of the $75,000 prize pool, follow these step-by-step instructions:
First, create an account on Binance if you don’t already have one. It’s quick and easy to sign up, and you’ll need an account to participate in the quiz.
Next, visit the Binance EGLD Quiz page and click on the “Participate Now” button.
You’ll be redirected to a page where you can start the quiz. The quiz consists of multiple-choice questions that cover a range of topics related to Elrond (EGLD) and cryptocurrency in general.
Answer all the questions to the best of your knowledge. Take your time and read the questions and answers carefully to avoid any mistakes.
Once you’ve completed the quiz, submit your answers and wait for the results.
Now that you know how to participate, let’s review the rules and guidelines of the Binance EGLD Quiz;
1.Participants must have a Binance account and be at least 18 years old to participate.
2.Each participant can only take the quiz once.
3.Participants must answer all questions correctly to be eligible for a prize.
4.EGLD/USDT, EGLD/BUSD are eligible spots.
5.If multiple participants answer all questions correctly, the prize will be distributed evenly among them.
6.The voucher will be distributed within 2 weeks after the Promotion ends
7.The campaign is valid till 1st March 2023.
8.To be eligible for the reward, completing a trade is required after taking the quiz
Binance EGLD Quiz and Answers.
Q1) How does MultiversX manage to process tens of thousands of transactions per second (TPS)?
Answer: Parallelises throughput through Sharding (State, Transactions, Network)
Q2) What metric makes MultiversX the second largest PoS network in the world?
Answer: 3200 validator nodes
Q3) Out of these products, which was the one NOT unveiled at X Day Paris 2022?
Answer: xOS: a blockchain powered mobile operating system
Q4) Developers deploying smart contracts on MultiversX receive the following incentive…
Answer: 30% royalties for all transaction fees captured by the smart contract
Q5) What is MultiversX’s impact on the environment?
Answer: Positive – Elrond offsets more CO2 than is attributable to its modest PoS energy footprint
The Binance EGLD Quiz|Conclusion
Participating in the Binance EGLD Quiz offers several benefits, including the opportunity to win a share of the $75,000 prize pool and potentially invest in a promising cryptocurrency with significant growth potential.
By answering a few multiple-choice questions, you can test your knowledge of Elrond (EGLD) and the broader cryptocurrency ecosystem, while potentially earning a valuable cryptocurrency.
We encourage all cryptocurrency enthusiasts, investors, and curious learners to join the Binance EGLD Quiz and experience the excitement of participating in a cryptocurrency quiz. By doing so, you’ll not only have a chance to win a share of the prize pool but also learn more about one of the most promising blockchain networks in the market.
So what are you waiting for? Head to the Binance EGLD Quiz page and participate now for a chance to win!
