Home Cryptocurrency Binance Learn & Earn Answers: What Is Polymesh (POLYX) Answers

Binance Learn & Earn Answers: What Is Polymesh (POLYX) Answers

by cryptocreed

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

  1. Learn and Earn page can be accessed here “https://academy.binance.com/en/learn-and-earn”.
  2. Login to check if you are eligible or not.
  3. Try to use a mobile device.
  4. Questions will be not in the same format for everyone.
  5. Rewards will get credited to your account within 48 hours.
Total reward: 14.109595 POLYX = $2.30 USD
Start & End Date: 07/12/2022 09:00 UTC to 20/12/2022 09:00 UTC
What to do: Watch a video of 2.11 minutes and answer 6 questions.

Must Read: CakeDefi DeFiChain Quiz Answers

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

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