Are you looking for an exciting opportunity to win rewards and earn tokens? Look no further than the Binance DeFi Learn and Trade Quiz, where you can win a share of $100,000 in ALCX, QI, KNC, and FIS tokens just by participating and finding the answers!
In the world of cryptocurrency trading, decentralized finance (DeFi) has become a hot topic due to its potential for disrupting traditional finance systems.
Binance, one of the leading cryptocurrency exchanges, has recognized the importance of DeFi and is providing an opportunity for traders to learn more about it through this exciting quiz.
Whether you’re a seasoned DeFi trader or new to the game, this quiz is a great way to test your knowledge and potentially win big.
In this blog post, we’ll provide you with all the details you need to get started, including how to participate, the rewards on offer, and the quiz answers.
So, what are you waiting for? Let’s dive in!
Binance DeFi Learn and Trade|Overview
The Binance DeFi Learn and Trade Quiz is a quiz organized by Binance, one of the leading cryptocurrency exchanges in the world.
The quiz is designed to test the knowledge of traders on DeFi trading and to help them learn more about this emerging sector of the cryptocurrency market
The purpose of the quiz is to encourage traders to learn more about DeFi trading and the potential benefits it offers.
DeFi trading is a new and exciting area of cryptocurrency trading that offers a more decentralized and transparent approach to financial transactions.
By participating in the quiz, traders can gain a better understanding of DeFi trading and the potential rewards it offers.
The rewards on offer for the Binance DeFi Learn and Trade Quiz are very generous, with a total of $100,000 worth of ALCX, QI, KNC, and FIS tokens up for grabs.
By participating in the quiz, traders can earn a share of these tokens, which can then be traded.
Here is a link to participate in today featured QUIZ
Binance DeFi Learn and Trade Quiz Terms and Conditions:
- The quiz will be valid from March 2nd, 2023 to March 12th, 2023.
- To be eligible for the prize, participants must complete the quiz during the valid period.
- Participants must also trade at least $500 equivalent across the ALCX/USDT, ALCX/BUSD, QI/USDT, KNC/USDT, and FIS/BUSD spot trading pairs to be eligible for a share of the $100,000 prize.
- All participants must complete KYC before taking the quiz.
- The vouchers will be distributed within 2 weeks after the promotion ends.
- Binance reserves the right to disqualify any participant who violates these terms and conditions or engages in fraudulent behavior.
- Participants agree to abide by the decisions of Binance regarding the quiz and prize distribution.
- The prize cannot be exchanged for cash or other cryptocurrencies.
- By participating in the quiz, participants agree to share their personal information with Binance for the purpose of distributing the prize.
- Binance reserves the right to amend or cancel this promotion at any time without prior notice.
Binance DeFi Learn And Trade Quiz Answers:
Q1) For now, how many rTokens can be issued by StaFi Protocol？
Answer: 10
Q2) What’s the unique features of StaFi Protocol compared with Lido?
Answer: Option A and D
Q3) What is the Liquid Staking asset for BENQI called?
Answer: sAVAX
Q4) What does Ignite do?
Answer: Launch validator nodes and Avalanche Layer 2s with QI
Q5) Which of the chains below is not integrated with KyberSwap at the moment?
Answer: Tezos & Algorand
Q6) Name the KyberSwap feature that can spot tokens before they trend
Answer: Discover
Q7) What asset can you borrow against ETH?
Answer: All of the above
Q8) What benefits do you get from Alchemix?
Answer: Option A and C
Since you are required to trade to win this reward, here are few tips introduce you to Binance spot trade.
A brief guide on how to successfully spot trade on Binance
Crypto spot trading on Binance can seem intimidating for beginners, but with the right knowledge and approach, it can be a profitable endeavor.
In this brief guide, we’ll go over the basics of trading on Binance using the trade feature and how to trade at least $500 equivalent across the ALCX/USDT, ALCX/BUSDQI/USDT, QI/BUSDKNC/USDT, KNC/BUSDFIS/USDT, FIS/BUSD spot trading pairs.
First, you’ll need to create an account on Binance and complete the necessary verification steps, including KYC, before you can start trading.
Once you’ve logged into your Binance account, navigate to the “Trade” tab and select the desired spot trading pair from the list of available options. For example, if you want to trade ALCX/USDT, search for the ALCX/USDT trading pair and click on it.
Next, you’ll be directed to the trading page, where you can place your order.
If you want to buy ALCX, enter the amount you wish to purchase in the “Buy ALCX” field and select “Market” or “Limit” depending on your trading strategy.
Market orders execute at the current market price, while limit orders execute at a specified price.
After placing your order, it will be filled within seconds, and your ALCX will be added to your account’s balance.
Repeat the process for the remaining trading pairs, including ALCX/BUSDQI/USDT, QI/BUSDKNC/USDT, KNC/BUSDFIS/USDT, FIS/BUSD spot trading pairs until you have traded at least $500 equivalent across all of them.
As a beginner, it’s essential to start small and learn as you go, gradually increasing your trading volume as you become more comfortable with the platform and trading strategies
Binance DeFi Learn and Trade|Conclusion
Participating in the Binance DeFi Learn and Trade Quiz can be a great way to test your knowledge of DeFi trading while also standing a chance to win some amazing rewards.
Additionally, the quiz provides an opportunity to learn more about the various DeFi projects listed on Binance, their uses, and potential future prospects.