Coinmarketcap BNB Boost Quiz Answers | Share $250000 Tokens

Coinmarketcap BNB Boost Quiz Answers

Coinmarketcap BNB Boost Quiz Answers: Coinmarketcap in association with one of the biggest crypto exchanges Binance has recently launched a new quiz for its users. 

This is basically a learn-and-earn campaign and the questions will be asked on the BNB Boost topic. There will be total of five lessons that need to be learned to crack the quiz questions.

This BNB Boost quiz campaign will go live at 12:00 PM UTC on 31st August 2022. You can submit the the quiz answers after the quiz goes live along with all the necessary details.

The prize pool for this campaign is $250,000 tokens. All the qualified and eligible users will receive $10 in crypto tokens as well as 50 Diamonds as a reward.

In this post, you can find answers for the Coinmarketcap pStake Finance quiz, Ankr quiz, Strader quiz, Wombat Exchange quiz, and Coinmarketcap Helio Protocol quiz.

Coinmarketcap Learn And Earn Quiz

Quiz nameCoinmarketcap learn & earn BNB boost quiz
Start date31st August 2022, 12:00 PM UTC
End date29th September 2022, 12:00 PM UTC
Prize pool$250,000 BNB tokens
Number of winners30,000 winners
Rewards$10 (upto ₹1000) and 50 diamonds

Earn $10 From Coinmarketcap BNB Boost Quiz

1) First of all create your account on Coinmarketcap from the signup link given below.

2) Open the Coinmarketcap learn and earn BNB boost quiz page.

3) Enter your email address registered on Coinmarketcap and your Binance UID.

4) Coimarketcap learn and earn BNB Boost quiz will go live on 31st August 2022, 12 PM UTC.

5) 30000 lucky winners will receive $10 worth of cryptos and 50 diamonds as a reward. 

6) Campaign is valid from 31st August 2022 to 29th September 2022, 12:00 PM (UTC).

7) You can check your rewards under the ‘token distribution status’ after the campaign ends.

Coinmarketcap Earn

pStake Finance Quiz Answers

Q1) After every epoch does the value of stkBNB decrease or increase against BNB?

Answer: Increases

Q2) Users unstaking BNB from pSTAKE will have to wait for how many days?

Answer: 15 Days

Q3) Which application provides the leverage yield farms for stkBNB?

Answer: Alpaca Finance

Q4) What is the protocol fee charged by pSTAKE for the first 90 days?

Answer: 0%

Q5) Which on-chain security analysis does pSTAKE use for stkBNB?

Answer: Forta

Q6) Find the “unique code” in the pStake Finance’s video and submit the “unique code” here.

Answer: 012020

Ankr Quiz Answers

Q1) How does liquid staking differ from staking?

Answer: Liquid staking solves the capital inefficiencies of staking, because it unlocks the capital staked to be used in other protocols.

Q2) What are the advantages of liquid staking tokens?

Answer: All of the above

Q3) Which networks does Ankr support for liquid staking?

Answer: Ethereum, Polkadot, Fantom, BNB, Avalanche, Polygon, Kusama

Q4) Find the “Unique Code” in Ankr’s video and submit the “Unique Code” here

Answer: 080862

Stader Quiz Answers

Q1) How many chains is Stader live on?

Answer: 6

Q2) Which of the following security measures are followed by Stader’s solution?

Answer: All of the above

Q3) How does BNBx increase in value?

Answer: The exchange rate of BNBx with respect to BNB increases over time as staking rewards accumulate

Q4) Which of the following are advantages of BNBx?

Answer: All of the above

Q5) How much time does it usually take to stake BNB with Stader?

Answer: < 1 minute

Q6) Please find the “Unique Code” in Stader’s video and submit the “Unique Code” here! 

Answer: 050822

Wombat Exchange Quiz Answers

Q1) What is the vision of Wombat Exchange?

Answer: Stableswap 2.0

Q2) What are the competitive advantages of Wombat Exchange?

Answer: All of the above

Q3) What traditional finance concept does Wombat use to manage its liquidity?

Answer: Coverage Ratio

Q4) What tokens are included in Wombat’s liquid staking pool?

Answer: BNB, BNBx and stkBNB

Q5) Please find the “Unique Code” in Wombat Exchange’s video and submit the “Unique Code” here!

Answer: 300822

Helio Quiz Answers

Q1)  What is the Helio protocol?

Answer: A decentralized and over-collateralized destablecoin solution capitalizing on the potential of liquid staking & yield-bearing assets.

Q2) What is the Loan-To-Value ratio for borrowing $HAY?

Answer: 66%

Q3) What is a destablecoin?

Answer: A decentralized digital asset backed by decentralized cryptocurrency as collateral and while non-volatile, can be subject to minor fluctuations

Q4) How can I obtain the $HAY destablecoin?

Answer: Providing $BNB in collateral, and borrowing/mint $HAY against it.

Q5) How does Helio protocol ensure that $HAY yields are sustainable?

Answer: All of the above

Q6) Please find the “Unique Code” in Helio’s video and submit the “Unique Code” here! 

Answer: 170822