Binance Layer 1 Tokens Quiz Answers: Learn & Earn Share $330,000 & 100 Limited Edition Nfts

Binance has launched a new “Layer 1 Tokens Learn & Earn” Binance Layer 1 Tokens Quiz Answers where you can have a chance to win $330,000 in prizes as well as 100 NFTs. There are 4 levels of quizzes with each level having 4 questions. There will be two sets of quizzes one for Binance users and another for non-Binance users. The quiz will cover Layer 1 tokens.

Discover Tier 1 Tokens and Share $330,000 worth of NFTs and 100 Limited Editions. All users who complete all activities during the promotion period will be eligible to equally share the prize pool of $220,000 in Limited Edition NFTs.

Binance Layer 1 Tokens Quiz Answers

The NFT has a feature you can turn on that will pay you a percentage each time an NFT is sold or changes hands, ensuring that if your work becomes super popular and increases in price, you will see some of these perks. NFTs can function like any other speculative asset when you buy it and hope its value will rise someday, so you can sell it for a profit.

Binance Layer 1 Tokens Quiz Answers

  • Answer: Its capacity can grow (scale) with demand thanks to sharding
  • Answer: Positive – Elrond offsets more CO2 than is attributable to its modest PoS energy footprint
  • Answer: Ucam and Pebble Tracker
  • Answer: The system that enables people to earn digital assets from their real-world data and actions.
  • Answer: Zero Knowledge Proofs and Decentralized Autonomous Organizations
  • Answer: NFT infrastructure, DAO tooling, and inter-protocol bridges
  • Answer: Web3 applications including DeFi, NFTs and payments
  • Answer: Celo stablecoins are backed by a fiat reserve
  • Answer: Ethereum and Cosmos
  • Answer: KAVA stakers and validators
  • Answer: A cross chain permissionless decentralized exchange
  • Answer: Liquidity pools Model using RUNE as a settlement and security asset

Layer 1 Tokens Learn & Earn: Share $330,000 and 100 Limited Edition NFTs

Q1) EGLD – Why is Elrond dubbed “The internet-scale blockchain”?

Answer: Its capacity can grow (scale) with demand thanks to sharding

Q2) EGLD – What is Elrond’s impact on the environment?

Answer: Positive – Elrond offsets more CO2 than is attributable to its modest PoS energy footprint

Q3) IOTX – What are the names of IoTeX’s devices?

Answer: Ucam and Pebble Tracker

Q4) IOTX – What is MachineFi?

Answer: The system that enables people to earn digital assets from their real-world data and actions.

Q5) ONE – What is Harmony’s vision for scaling Web3?

Answer: Zero Knowledge Proofs and Decentralized Autonomous Organizations

Q6) ONE – What areas of growth will Harmony focus on serving going forward?

Answer: NFT infrastructure, DAO tooling, and inter-protocol bridges

Q7) CELO – Which of the following accurately describes the Celo blockchain and its rich ecosystem?

Answer: Web3 applications including DeFi, NFTs and payments

Q8) CELO – Which of the following is not a characteristic of Celo’s native stablecoins

Answer: Celo stablecoins are backed by a fiat reserve

Q9) KAVA – Which major ecosystems will the Kava Network’s Co-Chains bring together?

Answer: Ethereum and Cosmos

Q10) KAVA – Who can vote in Kava Network governance proposals?

Answer: KAVA stakers and validators

Q11) RUNE – What is THORChain?

Answer: A cross chain permissionless decentralized exchange

Q12) RUNE – How does THORChain do cross chain swaps?

Answer: Liquidity pools Model using RUNE as a settlement and security asset


How To Play Binance Layer 1 Tokens Quiz Answers

1) Tap on the link given below and signup on Binance and complete your KYC. Click Here

2) Register for the Binance layer 1 tokens learn & earn campaign.

3) In promo A, there are 3 tasks that need to be completed during the promotion period.

Task 1: Read the Binance Academy’s article to learn about Layer 1 tokens.

Task 2: Submit the quiz to prove your knowledge.

Task 3: Accumulate a total trading volume of at least $2,000 including buys and sells.

4) In promo B, attempt the above quiz and get more than 80% correct to be qualified for entering a quest.

5) Take the layer1 tokens quiz. Sandbox learn & trade quiz answers are given below.

6) For more information about the learning & earn campaign, must-visit Binance’s official website.


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You might be interested in NFTs because they give you the opportunity to sell works that would not otherwise have a big market. Ethereum is a cryptocurrency like Bitcoin or Dogecoin, but the Ethereum blockchain also supports most NFTs like Ethereum. In a boring technical sense, each NFT is a unique token on the Ethereum blockchain. NFTs became really technically possible when the Ethereum blockchain added support for NFTs as part of the new standard.

It is worth noting that other blockchains may implement their own versions of NFTs. Because NFTs use the same blockchain technology as some energy-intensive cryptocurrencies, they also consume a lot of electricity.

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Mike Shinoda of Linkin Parks (who also sold several NFTs with the song) did talk about it. It would be fun if Beeple decided to sell another 50 NFTs of exactly the same video. The new pool on Balancer will help limit slippage and time losses for traders and liquidity providers on the Ethereum network.

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