Binance RUNE Quiz Answers – Binance THORChain learn, trade, and earn campaign is live. Participate in this event and win a prize pool of $100,000 of THORChain (RUNE) tokens.
To participate, you must have a Binance account. If you don’t have a Binance account then create your account from the below-given registration link. KYC verification is mandatory
To be eligible you need to accumulate a total trading volume of at least 580 RUNE across the eligible RUNE spot trading pairs (buys & sells). The total prize pool will increase proportionally with the total number of qualified users. The higher the number of total qualified users, the higher the total prize pool will be. The maximum prize pool is $100,000 in RUNE token vouchers.
How To Participate In Binance RUNE Learn & Trade Event?
1. Click on the below link and signup or log in to your Binance account.
Click here
2. Now complete your KYC verification. It is mandatory for collecting all rewards of Binance.
3. You need to accumulate a total trading volume of at least 580 RUNE across the eligible RUNE spot trading pairs (buys & sells).
4. Participate in the learn & trade RUNE quiz and submit the all correct answers.
5. The maximum prize pool is $100,000 in RUNE token vouchers.
6. Activity Period of this event: 2022-06-28 08:00 AM to 2022-07-07 11:59 PM (UTC).
Binance Rune Quiz Answers:
1. In what year was THORChain conceptualized?
Answer: 2018
2. How does THORChain maintain correct prices within its liquidity pools?
Answer: Arbitrage traders looking for assets that are mispriced between markets to make profits from the price differences.
3. Liquidity providers enjoy impermanent loss (IL) protection of up to 100% after they have been in the pool for 100 days.
Answer: True
4. Who can add liquidity to an existing pool?
Answer: Anyone
5. What assets can you swap in THORChain?
Answer: Native L1 Assets
NOTE: Do your research & recheck the answers before submitting, these are just for reference purposes only.