Binance Learn and Earn TrueFi Quiz Answers – TRU Quiz Answers
By:C, Fiona
Binance, the popular cryptocurrency exchange, is well-known for its willingness to try new things and expand its offerings. The Binance Bitcoin Button and the Binance Wodl games are just two of the exchange’s recent cryptocurrency-earning offerings. Learn and Earn, commonly known as Binance’s quiz product and dubbed “learn,” is among the oldest and most popular, delivering a wide variety of questions to Binance users in order to earn cryptocurrency.
On 30th November 2022 9:00 (UTC), there will be SKL , TRU Quizzes in Binance learn & earn. All the information you need regarding the three quizzes is here, including the correct answers.
The Binance Learn and Earn Quiz Answers – Beginner’s Guide have already been published in a single post. Check this too.
| Quiz Name | Binance TrueFi (TRU) Quiz Answers |
|---|---|
| Number of Questions : | 10 (Ten) |
| Date: | 30th November 2022 |
| Time | 2022-09-07 09:00 (UTC) |
| Win Rewards | Crypto Token |
| Number of Winners : | 1st come 1st serve |
| Quiz Link | Visit Here |
What is Binance Learn And Earn Quiz?
With the goal of helping its customers better understand cryptocurrencies and blockchain technologies, Binance created the Learn and Earn Program.
Users are encouraged to learn more about crypto by reading articles and watching tutorial videos. And then they’ll use that knowledge to earn cryptocurrency by taking tests.
These have time-sensitive rewards that decrease in value with time. Both of the introductory classes cost 50,000 SHIB and cost half a billion US dollars.
| Download App for Android | Download App for iOS |
How to Answer Binance Learn and Earn Quiz
If you want to join the Binance Learn and Earn program and earn some extra crypto, then you should do what we suggest below.
- If you want to learn more about earning and learning on Binance, visit their website.
- Examine the several crypto training options, including courses and tests, before deciding which ones to undertake.
- Choose the class, do as it says, and finish within the allotted time.
- If you do well on the test, you will be eligible for the cryptocurrency prizes immediately.
- You must go to Accounts > Rewards to claim your award.
What is TrueFi Protocal Ecosystem?
The TrueFi system uses its own token, known as TRU tokens. It’s the currency for putting down stakes and having a say in who runs the show.
TrueFi is a system for collateralless lending that combines elements of both decentralized finance (DeFi) and centralized finance (CeFi).
The fact that they are providing loans without requiring collateral indicates that they are limiting their lending to prestigious organizations rather than ordinary people. Before loaning money to a business, they do a plethora of credit checks to ensure they are a safe bet.
Credit checks and an assessment of the borrowers’ willingness to take on risk are followed by a vote on whether or not to grant the financial institution a loan by holders of True tokens.
In order to participate in TrueFi’s governance decisions and gain the automatic right to approve or reject borrower loan applications, TRU token holders must stake their TRU tokens through the TrueFi staking dashboard and in exchange receive stkTRU, which serves as a receipt for staking your TRU tokens.
Staking has significant dangers; for example, if you were to approve of bad loans, this may significantly reduce your rewards.
Stablecoins like as tfUSDT, tfUSDC, and tfTUSD can be converted into their TrueFi counterparts by placing them into a loan pool on its platform; the tokens for these stablecoins can then be farmed in TRU farming pools for extra rewards.
Q1 Answer: The world’s most transparent and effective financial infrastructure to support the global credit market
Q2 Answer: All are correct
Q3 Answer: Collateralized lending
Q4 Answer: $2 billion
Q5 Answer: TRU
Q6 Answer: All are correct
Q7 Answer: All are correct
Q8 Answer: All are correct
Q9 Answer: Each pool and portfolio has its own lender selection criteria, set by the manager
Q10 Answer: All are correct
Q11 Answer: Optimism
Q12 Answer: Exit liquidity differs depending on the opportunity, based on specifications set by the manager
Q13 Answer: All are correct
Read More:
Waves Price Prediction 2023, 2025, 2030: Is Waves a Good Investment?
Filecoin Price Prediction 2023, 2025, 2030: Is Filecoin a Good Investment?
Optimism(OP) Price Prediction 2023,2025,2030 — Is OP a Good Investment?
EOS (EOS) Price Prediction 2023, 2025, 2030 – Is EOS a Good Investment?
Enjin (ENJ) Price Prediction 2023, 2025, 2030 – Is ENJ a Good Investment?
Sandbox Price Prediction 2023, 2025, 2030: Can Sandbox Reach $100?
Immutable X (IMX) Price Prediction 2023, 2024, 2025— Is IMX a Good Investment?
Axie Infinity (AXS) Price Prediction 2023, 2025, 2030 — Is AXS a Good Investment?
Mask Network (MASK) Price Prediction 2023, 2025, 2030 – Is MASK a Good Investment?
Ethereum Name Service (ENS) Price Prediction 2023,2025, 2030 —Is ENS a Good Buy ?
1inch Price Prediction 2023, 2025, 2030
Curve Dao (CRV) Price Prediction 2023, 2025, 2030 —Is CRV a Good Buy?
dYdX (DYDX) Price Prediction 2023, 2025, 2030
PancakeSwap Price Prediction 2023, 2025, 2030: Is CAKE Coin a Good Investment?
Uniswap (UNI) Price Prediction 2023, 2025, 2030 — Is UNI A Good Investment?
Celo (CELO) Price Prediction 2023,2025,2030 — Is CELO a Good Investment?
Near Protocol (NEAR) Price Prediction 2023, 2024, 2025 — Will NEAR Hit $100?
Qtum (QTUM) Price Prediction 2023,2025,2030 — Is QTUM a Good Investment?
Polkadot (DOT) Price Prediction 2025 – 2030: Is Polkadot a Good Investment?
Cosmos (ATOM) Price Prediction 2023, 2025, 2030 — Is ATOM a Good Investment?
Binance Coin (BNB) Price Prediction 2023, 2025, 2030 – Is BNB a Good Investment?
VeChain (VET) Price Prediction 2023, 2025, 2030
Bitcoin SV Price Prediction 2023, 2025, 2030: Is Bitcoin SV a Good Investment?
Dock Price Prediction 2023, 2025, 2030
Axie Infinity (AXS) Price Prediction 2023, 2025, 2030 — Is AXS a Good Investment?
Tezos Price Prediction 2023, 2025, 2030: Is XTZ a Good Investment?
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved
Comments
Leave a comment
Your email address will not be published. Required fields are marked with an asterisk (*).
Comment*
Name*
Email address*