Binance THORChain Quiz Answers: Learn & Earn RUNE

Binance THORChain Quiz Answers

All new users who register on Binance after 2nd June 2022 may participate in the upcoming learn and earn campaign. You can refer to Binance THORChain quiz answers. 

Also, Biswap and Jasmy quizzes will also be there from which you can earn up to 10 dollars. Create your Binance account, verify your account and get ready for the quiz.

Thorchain is a decentralized liquidity protocol. It works as a cross-chain permissionless decentralized exchange. RUNE is the native coin of Thorchain. 

Steps To Participate In THOR Quiz

1) Tap on the link given below and create a new account on Binance exchange.

2) Signup with your valid mobile number/email id and do your KYC.

3) On the Binance app dashboard tap on learn and earn banner.

4) Earn assured RUNE (Thorchain) coins for free by completing the quiz.

** All new KYC users registered from 2nd June 07:00 AM (UTC) onward will be eligible to participate in the program

Binance Learn & Earn THORChain Quiz Answers

1. What is the native coin of THORChain?

Answer: RUNE

2. How many types of users are there in THORChain?

Answer: 4

3. What is the total supply of THORChain’s native coin? 

Answer: 500 million

4. What are the use cases of THORChain’s native coin?

Answer: Governance, incentivization, settlement & network security

5. How does THORChain secure its network?

Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)

6. How would a BTC-to-ETH swap happen on THORChain?

Answer: Internally, there will be a BTC – RUNE swap, and then a RUNE to ETH swap

7. Which of the following statements is true?

Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators

8. Who Secures The Network?

Answer: Node Operators

9. THORChain is a layer 2 DEX

Answer: False

10. What is the role of trader in the THORChain’s native ecosystem?

Answer: Function as an oracle to deliver data