Binance KNC Quiz Answers (2024) – All Correct Answers

Are you looking for the right answers to Binance KNC Quiz? If your answer is YES then you have come to the right place.

Binance is one of the most popular companies that operates the largest Cryptocurrency exchanges in the world.

Ever since it was founded, Binance has been conducting quizzes providing an opportunity for its users to learn and earn.

If you too want to learn and earn at the same time, you should participate in Binance KNC Quiz.

To take part in Binance KNC Quiz, you are required to watch tutorial videos, read lessons and solve questions asked in the Quiz.

Unlike other Binance Quizzes, KNC Quiz is all about Kyber Network. If you don’t want to watch all tutorial videos and read lessons then don’t worry, we have got you covered.

In this post, we will provide a full list of Binance KNC Quiz answers. After going through this post, you would not need to watch a single video or read the lesson.

Without any further ado, let’s get started:

How To Join Binance KNC Quiz?

Joining Binance KNC Quiz is pretty easy. However, if you don’t know the process then follow the steps written below:

  • First, visit Binance’s official website.
  • Once you are on the website, login.
  • Once logged in, click on the Drop Down icon located next to the Binance Academy option on the top left side of the screen.
  • From the drop-down options, select ‘Learn & Earn’.
  • Now, scroll down and click on Start Learning located next to the headlines that say “What Is Kyber Network”.
  • When you do so, you will be asked to watch video tutorials.
  • Once completed, click on the Start Quiz.
  • Before you click on the Start Quiz, make sure you have already completed your personal verification.
  • That’s it.

All Binance Kyber Network Quiz Answers (2024)

Here are some of the questions that you will have to answer in the Binance KNC Quiz and their correct answers.

Q1. What is KyberSwap?

Answer: All are correct

Q2. What is KyberDAO?

Answer: Kyber Network’s community governance platform

Q.3 Users can use KyberSwap’s Discover feature to discover potentially trending tokens.

Answer: True

Q4. The Amplification (AMP) factor is used to____.

Answer: Mimic higher levels of liquidity

Q5. Which blockchain is KyberSwap based on?

Answer: Ethereum

Q6. Users can earn KNC by

Answer: All are correct

Q7. KyberSwap uses _ a Market Maker protocol.

Answer: Dynamic

Q8. What is Kyber Network’s native token?

Answer: KNC

That’s all you need to know about the Binance KNC Quiz.

Leave a Comment