Binance’s 4th anniversary $50,000 BUSD Giveaway: Binance Learn & Earn Answer

　To celebrate Binance’s 4th anniversary we have committed a total of $50,000 BUSD token vouchers as rewards to all Binancians who participate in the special “Binance Learn & Earn” activity.

Register Binance account now: https://accounts.binance.me/en/register?ref=IWQEF0ZX

How to Win:

・Complete at least one transaction on any spot, margin, or futures trading pair.

・Participate in the daily “Binance Learn & Earn” activity by answering the quizzes throughout the activity period (See schedule below).

Learn more: https://www.binance.com/en/support/announcement/a89c258990e74a22b406f9a67dc6b8a9

Day 1：2021-07-02

 1. True or false - a blockchain has certain unique properties. There are rules about how data can be added, and once the data has been stored, it's virtually impossible to modify or delete it.

Ans: True

2. What can blockchain be used for？

Ans: Tick all of them

3. When was BNB created?

Ans: June 2017

4. Which of the following are benefits of holding BNB?

Ans: Tick all of them

5. How can you use BNB?

Ans: Tick all of them

Day 2：2021-07-03

1. Which can be used to register on Binance？ 

Ans: A: EMAIL C: Phone Number 

2. Which of the following verifications can be improve your account security? 

Ans: A: Google Authenticator verification B: SMS verification

3. Identity Verification or Know Your Customer (KYC) standards are designed to protect your account against fraud, corruption, money laundering, and terrorist financing. 

Ans: A: Yes 

 4. Please select the correct sequence of identity authentication process: ① Click [User Center] - [Identification] ② All the information entered is consistent with your ID documents ③ verified for [Basic] ④ Complete intermediate certification, ⑤ Complete advanced certification 

Ans: B: ①②③④⑤ 

 5. How to Buy Cryptocurrency on Binance P2P (web) 

Ans: A: Register->Log in->KYC->Buy Crypto->P2P Trading->select the currency->Enter the amount or quantity->Confirm>payment directly to the seller ->confirm the payment.->seller released the cryptocurrency

Day 3：2021-07-04

1. If traders want to place an order as soon as possible, they may switch to _______ Order

Ans: A: Market 

2. If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, you can place a________ order 

Ans: B: Limit 

3. With Binance Margin Trading, it supports [Cross Margin] and [Isolated Margin] modes. 

Ans: A: Yes 

4. What are the steps required to complete a Margin trading? 

Ans: Tick All

Day 4：2021-07-05

1. What is the maximum leveraged offered in Binance futures trading？

Ans: A:125x

2. Which price will Binance use to calculate the liquidation level?

Ans: C: Marked Price

3. When the users position size is lower than ______, notification will be sent to users for adding more margins in the futures account or adjusting the position to avoid potential liquidation.

Ans: C:Maintenance Margin

4. What is the leverage multiplier for Binance Leveraged Tokens?

Ans: A: The system maintains a target leverage range between 1.5x and 3x.

5. When does Binance Leveraged Tokens rebalance?

Ans: C: Every day

6. Which one of these is a risk associated with holding Binance Leveraged Tokens long-term?

Ans: B: Erosion of net asset value (NAV) due to rebalancing back and forth when there is no obvious trend in the market

7. Vanilla Options Contracts allow users to act as direct buyers or sellers when purchasing or issuing Options. Since Options Buyers can choose to exercise the Options at a later date, the Options Seller needs to freeze collaterals in the meantime. This ensures that the Options Buyer does not run into any problems when they go to exercise the Options.

Ans: A: Yes

8. Contract name: BTC-210326-19000-C

Ans: B: Underlying asset-expiration time-exercise price-type

Day 5：2021-07-06

1. What is the longest loan period on Binance？

Ans: C: 180 days

2. What is the transaction fee for Binance Crypto Loans?

Ans: C: No transaction fees

3. Can I make a full repayment before the due date? 

Ans: A: Yes. Interest will be charged according to the actual borrowing hours.

4. Which product(s) are listed under Guaranteed?

Ans: 

A: Savings

B: Launchpool

C: BNB Vault

D: Locked Staking

E: ETH 2.0 Staking

5. What are the advantages of Mining Pool? *

Ans: 

A: Ultra-High Earnings

B: Leader in Technology

C: Top-notch service

D: Sound Ecology

6. Is Liquid Swap a guaranteed investment?

Ans: B: No.

7. When do I need to pay transaction fees on Liquid Swap? 

Ans: 

A: Making a swap in [Liquid Swap] - [Swap]

B: Adding a single token on [Liquid Swap] - [Liquidity] - [Add]

C: Redeeming a single token on [Liquidity Swap] → [Liquidity] - [Redeem]

Day 6：2021-07-07

1. According to the "Is Binance Smart Chain safe?" artice, which statement is false?

Ans: D: Trust Binance will solve all the safety issues

2. According to the "How to Get Started with Binance Smart Chain (BSC)" artice, which statement is true? 

Ans: D: All of the above statements are true

3. Where can you find the BSC project portal?

Ans: A: bscproject.org https://bscproject.org/#/

4. What can't you do with Trust wallet? 

Ans: D: Use it as a fiat On-and-off ramp

Day 7：2021-07-08

1. What does NFT stand for? 

Ans: A: Non-Fungible Token

2. Where can I store my NFT collectibles?

Ans: B: On Trustwallet

3. What can NFTs be used for? 

Ans: E: All of the Above

4. Which is an NFT Marketplace?

Ans: 

A: Bakeryswap

E: Treasureland (DEGO)