Binance STG Quiz Answers: Learn & Trade to Share $75000

Binance STG campaign

New Binance STG learn, trade and earn campaign is live. Participants can take opportunity to join and share a prize pool of $75,000 in Stargate Finance (STG) token vouchers.

To start participating, you must log in to Binance account. If you don’t have one, click on the below given registration link to sign up for Binance account and complete KYC verification.

To be eligible participants, you need complete a trade of at least 500 USDT equivalent across any spot and margin trading pairs of STG/USDT, including both buys & sells. Beside that, you need to read the STG introduction article and complete the quiz on STG during the activity period.

The total rewards pool will increase proportionally with the total number of qualified users. The higher the number of total qualified users, the higher the total rewards pool will be. The maximum rewards pool is $75,000 in STG token vouchers.

Reward calculation

The reward for the qualified user = (Individual user’s correctly answered questions / Total number of correctly answered questions from all qualified users) * Rewards pool unlocked.

Binance STG quiz answers

Binance STG quiz answers are given below:

• Q1: Which chain(s) does Stargate currently support for ETH transfer?

Answer: All of the above.

Stargate currently supports Ethereum, Optimism, Arbitrum for ETH transfer

• Q2: Which algorithm does Stargate use to solve the bridge trilemma?

Answer: Delta Algorithm.

Stargate uses Delta Algorithm to solve the bridge trilemma

• Q3: Which of the following statements is NOT one of the main characteristics of Stargate?

Answer: Wrapped Assets: You will get wrapped assets on the destination chain when you perform a transfer and you can redeem your wrapped assets with an additional swap.

• Q4: Which of the following statements is NOT true if you transfer tokens on stargate.finance?

Answer: You need more than one transaction to complete a native asset swap on Stargate.

• Q5: Stargate supports liquidity withdrawal from a remote chain different from the original chain where deposit occurs. If you deposit USDC on Polygon, which of the following options would be possible for you to receive your assets when you remove liquidity?

Answer: All of the above.

• Q6: Which of the following statements is NOT true about Stargate DAO governance?

Answer: OveSTG is the unit of Stargate governance voting power. It is received by staking locked Stargate tokens and is non-transferable.

• Q7: Which of the following statements is NOT true about rewards on Stargate?

Answer: If there are no STG emissions on a certain chain, liquidity providers on that chain don’t have rewards.

• Q8: Stargate is an omnichain liquidity transfer layer. dApps can integrate with Stargate easily. What kind of applications can be built on top of Stargate?

Answer: All of the above.

The applications that can be built on top of Stargate are Omnichain DEXes and AMMs, Omnichain yield aggregators, Omnichain lending and borrowing.