Binance Learn and Earn Quiz Answers - ThorChain Earn Free Coin
Q1) What is the native coin of THORChain?
Answer: RUNE
Q2) How many types of users are there in THORChain?
Answer: 4
Q3) What is the total supply of THORChain’s native coin?
Answer: 500 million
Q4) What are the use cases of THORChain’s native coin?
Answer: Governance, incentivization, settlement & network security
Q5) How does THORChain secure its network?
Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)
Q6) How would a BTC-to-ETH swap happen on THORChain?
Answer: Internally, there will be a BTC – RUNE swap, and then a RUNE to ETH swap
Q7) Which of the following statements is true?
Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators
Q8) Who Secures The Network?
Answer: Node Operators
Q9) THORChain is a layer 2 DEX
Answer: False
Q10) What is the role of trader in the THORChain’s native ecosystem?
Answer: Function as an oracle to deliver data