Binance BUSD Quiz Answers.Binance Learn & Earn Quiz is one of most popular event of binance.All Binance users are waiting for this event.In this event correct answerer get token as a reward.Take and complete our quiz course on Binance to get up to $10 in free crypto rewards.
On December 7, 2022 at 09:00 UTC, you can learn and win a total of 4 new Binance quizzes called Algo, Polyx, BNB and BUSD quizzes.
We are provide right answers of BUSD Quiz.Stay connected with us for all correct answers of BUSD.
BUSD is a regulated stablecoin backed by fiat currency pegged to the US dollar. A reserve of 1 USD is held for each unit of BUSD. In other words, the supply of BUSD is pegged 1:1 against the US dollar. Holders can exchange their tokens for fiat currency and vice versa. Token issuer Paxos publishes a monthly statement of its BUSD reserves.
Binance BUSD Quiz Details
| Binance Learn & Earn Quiz | Details |
| Quiz Date & Time | 7th December 2022 at 09:00 UTC |
| Quiz Type | Learn & Earn |
| Rewards | BUSD Tokens |
| Winners Selection | First Come, First Served! |
| Binance Quiz Link | Visit Here |
Win Free BUSD From The Quiz
- Click the link below and sign up or log in to your Binance account. Click Here
- You must pass KYC verification to receive rewards.
- Visit the Learn & Quiz Acquisition page on the Binance app dashboard or here.
- Binance’s upcoming Algo, Polyx, BNB, and BUSD quiz will go live on 7th December at 09:00 UTC.
Binance BUSD Quiz Answers
| Q1) What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains? Answer: Binance-peg BUSD |
| Q2) What is the total supply of BUSD? Answer: Just over 22 billion |
| Q3) Which chain is BUSD minted on by Paxos? Answer: Ethereum |
| Q4) Who regulates BUSD? Answer: NYDFS(New York Department of Financial Services) |
| Q5) Who mints BUSD? Answer: Paxos |
| Q6) What fiat currency is BUSD pegged to? Answer: U.S. Dollar |
| Q7) BUSD is backed 1:1 with: Answer: Cash reserves |
| Q8) How can you purchase BUSD or Binance-Peg BUSD? Answer: All are correct |
| Q9) What can BUSD be used for? Answer: All are correct |
| Q10) Which of the following descriptions is incorrect? Answer: BUSD doesn’t provide a monthly basis attestation report. |