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
Binance Academy Offchain Computing Quiz Answers
Binance Learn and Earn Epic Chain (EPIC) Quiz Answers
Binance Learn and Earn Bitcoin Basics Quiz Answers
