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Binance What Is Kyber Network Quiz Answers: Learn & Earn $KNC

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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]

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





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Quote:Do your research and recheck the answers before submitting it. These answers are for reference purposes only





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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.
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