David Bridges
Key Facts
- Platform: Binance Academy offers education on cryptocurrency and blockchain.
- Tracks: Users can enroll in beginner and intermediate tracks for rewards.
- Quiz Participation: Completing the quiz is essential to earn a share of 687 INJ tokens.
- Unique Features: Injective stands out as a blockchain specifically designed for financial applications.
Binance Academy is a cryptocurrency and blockchain education platform.
You can take the beginner track and the intermediate track to earn rewards.
Sign up here: accounts.binance.com/register?ref=73583477 or use “73583477” as the referral code.
To get started, go to binance.com/en/academy/courses/track/injective-the-layer-1-blockchain-built-for-finance/injective-basics/inj-tokenomics-community-buyback.
Once you’re on the page, you need to answer all of the questions and submit the quiz.
This guide contains the Binance Academy Injective quiz answers to earn a share of 687 INJ (Worth $5,000).
Binance Academy Injective Quiz Answers
Tip: Press CTRL + F to search for the question and answer you are looking for!
Question: What makes Injective unique compared to other blockchains?
Answer: It is one of the leading blockchains built specifically for finance.
Question: When did Injective join the Binance Incubation ecosystem?
Answer: 2018.
Question: Which of the following is not one of Injective’s key pillars?
Answer: Proof of Work.
Question: What problem does Injective’s shared liquidity model help solve?
Answer: The TVL cold start problem.
Question: Which roles does the INJ token serve in the ecosystem?
Answer: All of the above.
Question: In the monthly INJ Community BuyBack, what happens to the INJ committed by the community?
Answer: It is permanently burned.
Question: How is the INJ token economy designed to scale with application revenue?
Answer: Through programmable issuance and revenue-based burns.
Question: What do Injective’s Web3 modules provide to developers?
Answer: Plug-and-play financial infrastructure with instant functionality.
Further Reading
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Binance Learn and Earn Bitcoin Basics Quiz Answers
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