Binance Band Protocol Quiz Answers: Learn & Earn $BAND

Binance Band Protocol Quiz Answers

In this post, I have given Binance Band Protocol quiz answers. Select all eight quiz answers correctly to get BAND crypto tokens free. 

Band Protocol is a decentralized data oracle platform focused on speedy, cross-chain requests for off-chain data. It mainly uses a delegated proof-of-stake consensus mechanism.

It is built on the Ethereum blockchain. The native token of this blockchain is BAND. Each user who completes the quiz can get 1.8 BAND token as a reward.

Enables information exchange between on-chain and off-chain data sources for DApps.

Band Quiz Answers Binance

Q1) All of these concepts are related to Band Token except for…

Answer: Cash incentives

Q2) Which sentence is incorrect?

Answer: Band Protocol leverages on-chain centralized oracles that link on-chain applications together.

Q3) Which characteristics differentiate Band Protocol from other oracle services?

Answer: Decentralization, maximum customization and flexibility, easy scalability, economical cost, interoperability, and cross-chain

Q4) Which ecosystem(s) has/have partnered with Band Protocol?

Answer: All are correct

Q5) Which of the following IS NOT a use case of the BAND token?

Answer: To secure a discount when requesting data

Q6) Which sentence is CORRECT?

Answer: BandChain’s Delegated Proof of Stake design and BAND token create a decentralized network.

Q7) What network is BandChain on?

Answer: Cosmos

Q8) Which characteristic DOES NOT correctly describe BAND Protocol?

Answer: On-chain DeFi protocol

How To Take The Band Quiz?

1) Tap on the button and create an account on Binance exchange.

2) Go to your profile and instantly do your account/KYC verification.

3) Now you can start taking the quiz one by one.

4) Start with the quiz that gives the highest crypto rewards.

5) Complete it and you will receive the rewards after the activity ends.