09-21-2022, 11:56 PM
Binance Kyber Network Quiz Answers: Take the new Binance learn & earn Kyber Network quiz which will go live on 21st September 2022, 16:00 UTC and earn assured $KNC tokens.
![[Image: a9fqe2961upgyfxnprvg.png]](https://images.weserv.nl/?url=res.cloudinary.com%2Ffornesiacom%2Fimage%2Fupload%2Fv1663775791%2Fa9fqe2961upgyfxnprvg.png)
Create your Binance account if you don’t have one, do KYC verification, and be ready for the quiz.
Binance Learn & Earn What Is Kyber Network (KNC)? Quiz Answers
Q1): What is Kyber Network’s native token?
Answer is : KNC
Q2): What is KyberSwap?
Answer is : All are correct
Q3): Which blockchain is KyberSwap based on?
Answer is : Ethereum
Q4) : Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Answer is : True
Q5): What is KyberDAO?
Answer is : Kyber Network’s community governance platform
Q6): KyberSwap uses a ___ Market Maker protocol?
Answer is : Dynamic
Q7): Users can earn KNC by:
Answer is : All are correct.
Q8): The Amplification (AMP) factor is used to ___.
Answer is : Mimic higher levels of liquidity
Q9): KyberSwap Classic uses a ___ Market Maker protocol?
Answer is : Dynamic
Q10): What is the biggest difference between KyberSwap Elastic and KyberSwap Classic?
Answer is : Concentrated liquidity
Q11) : The main aim of concentrated liquidity is:
Answer is : Capital efficiency
Q12): How many fee tiers can liquidity providers choose from in KyberSwap Elastic?
Answer is : 5 tiers
Q13): Besides concentrated liquidity, what features set KyberSwap Elastic apart from its competitors?
Answer is : All of the above
Q14): Based on which of the following factors does KyberSwap Elastic distribute farming rewards?
Answer is : All of the above
Q15): If you’re a DeFi user who wants to customize your earning strategy and bring it to the next level, which KyberSwap version is better for you?
Answer is : KyberSwap Elastic
Tap on the link given below and signup or login to your Binance account.
Complete your KYC verification which is mandatory for collecting rewards.
Go to Binance Learn & Earn Quiz page from the Binance app dashboard or visit here.
Create your Binance account if you don’t have one, do KYC verification, and be ready for the quiz.
Binance Learn & Earn What Is Kyber Network (KNC)? Quiz Answers
Q1): What is Kyber Network’s native token?
Answer is : KNC
Q2): What is KyberSwap?
Answer is : All are correct
Q3): Which blockchain is KyberSwap based on?
Answer is : Ethereum
Q4) : Users can use KyberSwap’s Discover feature to discover potentially trending tokens.
Answer is : True
Q5): What is KyberDAO?
Answer is : Kyber Network’s community governance platform
Q6): KyberSwap uses a ___ Market Maker protocol?
Answer is : Dynamic
Q7): Users can earn KNC by:
Answer is : All are correct.
Q8): The Amplification (AMP) factor is used to ___.
Answer is : Mimic higher levels of liquidity
Q9): KyberSwap Classic uses a ___ Market Maker protocol?
Answer is : Dynamic
Q10): What is the biggest difference between KyberSwap Elastic and KyberSwap Classic?
Answer is : Concentrated liquidity
Q11) : The main aim of concentrated liquidity is:
Answer is : Capital efficiency
Q12): How many fee tiers can liquidity providers choose from in KyberSwap Elastic?
Answer is : 5 tiers
Q13): Besides concentrated liquidity, what features set KyberSwap Elastic apart from its competitors?
Answer is : All of the above
Q14): Based on which of the following factors does KyberSwap Elastic distribute farming rewards?
Answer is : All of the above
Q15): If you’re a DeFi user who wants to customize your earning strategy and bring it to the next level, which KyberSwap version is better for you?
Answer is : KyberSwap Elastic
old:
Quote:Do your research and recheck the answers before submitting it. These answers are for reference purposes only
Tap on the link given below and signup or login to your Binance account.
Complete your KYC verification which is mandatory for collecting rewards.
Go to Binance Learn & Earn Quiz page from the Binance app dashboard or visit here.