Today Binance Learn & Earn BNB BUSD ALGO

Today's Binance Quiz Answers. 7 Dec 2022

BNB Quiz Answers

BNB Launched - False

BNB Issued - ERC-20 token on Etherium

Initial Sale Price -1 ETH for 2,700 BNB & 1 BTC for 20,000 BNB

total suppy BNB - 200 Million BNB

BEP-2 BNB is native coin - False

Token standards exists for BNB - all are correct

Owning BNB - False

Use cases BNB - All Correct

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ALGO Quiz Answers

Total Suppy - 10 Billion

Minimim Stake needed - 0.1 ALGO

How Many Transactions - 6000

How much cost - 0.001 ALGO

Companies Building - All are correct

Silvio Micali - All Are correct

Algorand has governance - True

How Fast Algo Block - 3.7 Seconds

Network Selects - The block proposal with the lowest VRF

hash.

consensus mechanism? - PPos

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BUSD Quiz Answers 

Can You Purchase - All Are correct

Fiat currency of BUSD - US Doller

BUSD Backed - Cash Reserves

WHo Regulates BUSD - NYDFS

What is name of BUSD Pegged - Binance-peg BUSD

Who Mints - Paxos

Which Chain - Etherium

which description is incorrect - BUSD Doesn't Provide

BUSD Used For - All are correct

Total Supply - Just over 22 billion

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