Binance Liquidity Farming Giveaway: Get Upto 10 BUSD Vouchers
Binance liquidity farming quiz answers: New campaign is live. Participate and share a prize pool of 200,000 Binance-USD (BUSD) token vouchers.
To qualify for this giveaway, complete the quiz and add more than $10 equivalent of liquidity into a stable liquidity pool for the first time, and hold the shares in the pool for at least 48 hrs.
The rewards will be distributed on a first-come, first-served basis and a maximum of 20,000 eligible participants will be eligible to each receive up to 10 BUSD in vouchers.
The minimum reward received by each qualified user is 4 BUSD. If the user meets all of the stipulated criteria, rewards are capped at 10 BUSD per user.
Binance liquidity farming quiz answers are given below, scroll the page to get the answers. The activity period is from 24th June 2022, 08:00 AM to 8th July 2022, 23:59 PM (UTC).
Participate & Earn Upto 10 BUSD
1) Tap on the link given below and signup or login to your Binance account.
2) Visit here and join the Binance liquidity farming giveaway promotion.
3) Take the giveaway quiz and submit the correct answers.
4) Add more than $10 equivalent of liquidity into a stable liquidity pool for the first time.
5) Now hold the shares in the pool(s) for at least 48 hours to be eligible for other rewards in the giveaway.
6) Activity period – 24th June 2022, 08:00 AM to 8th July 2022, 23:59 PM (UTC).
Note: During the promotion period, a total of 20,000 new Liquidity Farming users may qualify for this giveaway by completing the first task below. Eligible users can stand to receive up to 10 BUSD in vouchers, depending on the number of given criteria that are met during the promotion period.
Giveaway Rewards & Criteria
Task1:
4 BUSD – Complete this quiz. Add more than $10 equivalent of liquidity into any stable liquidity pool for the first time, and hold the shares in the pool(s) for at least 48 hrs.
Task2:
+3 BUSD – Add more than $10 equivalent of liquidity into any innovative liquidity pool and hold the shares in the pools for at least 48 hrs.
Task3:
+3 BUSD – Add at least $50 equivalent of liquidity in a minimum of three liquidity pools on liquidity farming, and hold the shares in the pool(s) for at least 48 hrs.
Binance Liquidity Farming Quiz Answers
1. Is ‘Liquidity Farming’ a principal guaranteed product?
Answer: Yes
2. A user has decided to add liquidity to the BTC/BUSD pool. If the price of BTC is 30,000 BUSD when the user adds liquidity to the pool, what is the impermanent loss incurred if the user decides to remove liquidity when the price of BTC is 33,000 BUSD?
Answer: 20%
3. A user has decided to add liquidity to the BTC/ETH pool. If 1 BTC = 30,000 BUSD and 1 ETH = 2,000 BUSD when the user adds liquidity to the pool, what is the impermanent loss incurred if the user decides to remove liquidity when 1 BTC = 33,000 BUSD and 1 ETH = 2,200 BUSD?
Answer: 0%