Latest Binance Learn & Earn Quiz Answers: What Is BNB Quiz Answers
Binance has its own native ecosystem coin called BNB. Binance is one of the largest crypto exchanges globally; hence, the usage & volume of BNB is quite good. BNB token was launched in 2017 with Binance’s launch.
There are lots of features that use BNB as its infrastructure. In starting BNB was issued with the aim of using it as a fee-saving coin. Users can use BNB to pay fees to save 40% on transaction fees.
BNB stands for Build and Build, said & mentioned on the official website. Currently, BNB is the 4th most used coin as per coin market cap with $46,363,033,234 and the last 24 hours’ volume was $642,448,659. The current price per BNB is $289.
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Binance Learn & Earn Answers: What Is BNB Quiz Answers
Q1. BEP-2 BNB is the native coin of Ethereum. True or false?
Answer: False
Q2. What use cases does BNB have?
Answer: All are correct
Q3. Which token standards exist for BNB?
Answer: All are correct
Q4. Owning BNB provides you with a share of Binance’s profits.
Answer: False
Q5. Which token standards exist for BNB?
Answer: All are correct
Q6. BNB was originally issued as a:
Answer: ERC-20 token on Ethereum
Q7. Initial Sale Price?
Answer: 1 ETH for 2700 BNB and 1 BTC for 20,000 BNB
Q8. BNB launched through an initial game offering (IGO) in 2017?
Answer: False
Q9. Total supply of BNB?
Answer: 200 million BNB