Binance GMX Quiz Answers: Learn and trade is a new event hosted by Binance Exchange, one of the largest cryptocurrency exchanges.All Binance users who deposit at least 5 GMX or trade at least 8 GMX and complete the quiz are eligible to share the $75,000 prize pool in the form of GMX token vouchers.
Added GMX quiz answers in this post. You can browse and get all the answers right. Activity valid until November 30, 2022.
Binance GMX Quiz Details
| Binance Learn & Earn Quiz | Details |
| Quiz Date & Time | Untill 30th November 2022 |
| Quiz Type | Learn & Earn |
| Rewards | $75,000 prize pool |
| Winners Selection | First Come, First Served! |
| Binance Quiz Link | Visit Here |
How To Join Binance GMX Quiz
- Click here to participate in Binance Learn and Trade GMX activities.
- Make a net deposit of at least 5 GMX or trade (buy or sell) at least 8 GMX.
- Eligible GMX spot and margin trading pairs: GMX/USDT, GMX/BTC, GMX/BUSD.
- Please answer the quiz. Here are the quiz answers:
- Eligible users will share the $75,000 prize pool in the form of GMX token vouchers.
- Rewards will be distributed within two weeks after the activity ends.
Binance GMX Quiz Answers
| Question 1: What is the GMX Protocol all about? Answer: Decentralized leverage trading |
| Question 2: What is the maximum leverage on the platform? Answer: 30.50x |
| Question 3: Which tokens can you trade on GMX? Answer: ETH/BTC/UNI/LINK/AVAX |
| Question 4: What is GLP? Answer: The liquidity provider token of the GMX protocol |
| Question 5: What does Tier 3 of the GMX referral program give you as rewards? Answer: 15% of your referred volume paid out in ETH/AVAX, and 5% in esGMX |
| Question 6: What benefits do you get when trading on GMX? Answer: Select all 3 options |
| Question 7: What does staking your GMX do? Answer: Gives you 30% of all protocol fees paid out in ETH/AVAX |
| Question 8: Can you perform a swap trade on GMX? Answer: IGO Yes, you can swap between all assets in the GLP pool and pay low fees |
| Question 9: What is the name of the GMX community NFT project? Answer: GMX Blueberry Club |
| Question 10: What is the name of the podcast hosted by community members? Answer: The Blueberry Podcast |
| Question 11: How are decisions made on the GMX platform? Answer: Discussions on governance forums and a GMX voting snapshot to make the final decision |