Last Updated on January 5, 2024 by cryptocreed
Binance What Is PolyMesh Quiz Answers
Binance has recently launched another round of Learn & Earn campaigns the new campaign is What is Polymesh? Here are the answers to the What Is Polymesh quiz questions.
Polymesh is a highly functional permissioned layer-1 blockchain that helps to build & boost security tokens through its infrastructure, ecosystem, and utility token POLYX.
Polyx token is a native ecosystem token of the Polymesh project it can be used to stake & secure the network, pay transaction fees, and engage in governance.
Also Read: Create Litecoin Paper Wallet Using Litecoinpaperwallet.com
Things To Remember While Taking Binance P2P Quiz
- Learn and Earn page can be accessed here “https://academy.binance.com/en/learn-and-earn”.
- Login to check if you are eligible or not.
- Try to use a mobile device.
- Questions will be not in the same format for everyone.
- Rewards will get credited to your account within 48 hours.
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Also Read: Binance Learn & Earn Quiz Answers: Binance P2P Quiz Answers
Binance Learn & Earn Answers: What Is Polymesh Quiz Answers
Q1. Who are Polymesh’s node operators?
Answer: Regulated financial entities only
Q2. What consensus mechanism does Polymesh use?
Answer: Proof-of-stake
Q3. Polymesh is the blockchain
Answer: Making tokenization accessible to institutions
Q4. How large is the securities market?
Answer: Hundreds of trillions of dollars
Q5. What are the next steps for Polymesh?
Answer: Stablecoins, MERCAT, Integrations, NFTs
Q6. Can you earn staking rewards with POLYX?
Answer: YES
