Binance has launched its Learn and Earn program, a venture that strives to accelerate user activity on Binance by delivering quality crypto content.
This crypto venture follows on from the launch of Coinbase Earn - which lets users earn AMP, The Graph, SKALE, and other tokens through crypto quizzing. Binance also released its Bitcoin Button game in March to give users the chance to earn BTC.
Let's take a look at how users can explore and make the most out of the Binance Earn and Learn program.
What is Binance Learn And Earn?
Binance launched its Learn and Earn Program to encourage users to learn more about the essentials of cryptocurrency and blockchain technology.
The initiative asks the users to watch educational crypto videos and read articles. They will then take quizzes based on them to earn crypto rewards.
The rewards for these vary over time and are limited in the amount that can be redeemed. The two beginner courses currently offer 0.5 BUSD and 50,000 SHIB.
In the latest Learn and Earn update that went live on August 4, Binance added these three courses and rewards:
- What is UMA? (1 UMA)
- What Is Band Protocol? (1.8 BAND)
It also added a course for BTTC on staking, for those who have not engaged in locked staking before. However, this is not available in all regions.
Aside from these, as of August 2022, Binance has active courses and rewards for:
- PAX Gold ($1 of PAXG)
- STP (20 STPT)
- THORChain ($1 of RUNE)
It also has quizzes for Multichain, Ankr, Tezos, and WOO Network, but all the rewards have been redeemed for these.
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Binance Shiba Inu quiz answers.
Binance is back with another learn and earn that allows users to earn Shiba Inu rewards
Through this quiz, users can earn up to 40,000 SHIB. Here are all the relevant SHIBA INU crypto quiz answers.
Question 1) I don’t need to complete KYC to buy cryptocurrency. (True or false?)
Question 2) What is the trading fee when I use Binance Convert to buy crypto?
Question 3) A market order is a type of order to buy or sell a security at a specified price or better. (True or false?
Question 4) Binance Flexible Savings cannot be subscribed to and redeemed at any time. (True or false?)
Question 5) Using BNB to pay for trading fees will grant users a discount. (True or false?)
Question 6:) What are the essential steps to get started with Spot trading
Answer: Select all the given options
How to earn with binance quiz
For users who wish to enrol in the Binance Learn and Earn program, they must follow the instructions mentioned below to receive additional crypto rewards.
- Visit the Binance website and go to Binance Earn and Learn page.
- Browse through the available list of crypto courses and quizzes that you'd like to pursue.
- Select the course, follow the instructions mentioned and complete the course in the set time.
- If you pass the quiz, you'll automatically be eligible to receive crypto rewards.
- To redeem the reward, click only Accounts> Rewards.
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However, the slight issue here is that at some available quizzes may burned through the available rewards by the time you arrive. If so, the quiz will feature the message: "All rewards redeemed, stay tuned!