Binance has just launched another Learn and Earn campaign and this time they launched it for the Graph project. This is the second project for this month.
You are going to earn The Graph tokens by joining the Binance Graph quiz learn and earn program. Before we start checking the answer let’s understand a bit about the The Graph project first.
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What Is The Graph?
The Graph token was launched in Dec 2020 and currently falls in the top 100 coins according to Coin Market Cap. The current price per token is $0.063 with the last 24-hour trading volume of $17,430,109 and the total market cap is $440,403,979.
It is an indexing protocol for querying data for networks like Ethereum and IPFS. Anyone can build and publish open APIs that are called subgraphs and applications can query using GraphQL to retrieve blockchain data.
Things To Remember While Taking The Binance Graph 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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The Graph Binance Quiz Answers (Binance Graph Quiz Answers)
Binance Graph GRT Quiz Answer
Q1. What is The Graph protocol?
Answer: A protocol for accessing, organizing, and querying blockchain data
Q2. Who are the key participants in The Graph ecosystem?
Answer: Indexers, Curators, and Delegators
Q3. How does The Graph address the issue of accessing blockchain data?
Answer: Through its decentralized architecture and indexing capabilities
Q4. How does GRT contribute to the network?
Answer: By incentivizing participants and paying for queries
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Q5. What are subgraphs in The Graph?
Answer: Open APIs that map and organize data from different blockchain networks
Q6. What is the role of Delegators in The Graph protocol?
Answer: To secure the network and expand Indexer operations
Q7. What do Delegators do in The Graph ecosystem?
Answer: Delegate their GRT to trusted Indexers and earn rewards
Q8. How does delegation contribute to The Graph’s ecosystem?
Answer: By allowing non-technical individuals to participate and earn rewards
Q9. How does The Graph transform our interaction with the decentralized web?
Answer: By making blockchain data more organized, efficient, and reliable
Q10. How does The Graph contribute to a more transparent and efficient data marketplace?
Answer: By organizing and making blockchain data accessible
Q11. How does The Graph improve the accessibility of blockchain data?
Answer: By deploying open APIs, called subgraphs
Q12. Which role in The Graph protocol ensures data availability and reliability?
The above Binance Graph Answers are shared for informational purposes only. If you found this Binance Graph Answers useful then do not forget to share it with others.