Binance is excited to introduce the Binance Liquid Swap Learn & Earn Program. The first 3,000 qualified Binance users each week ranked by the time they pass the quiz, can each win a Savings voucher with up to 1,000 BUSD Savings Trial Fund. Binance is giving away a total of up to 6M BUSD Saving Trial Fund vouchers.
The Campaign Period is from 2021-08-02 00:00 AM (UTC) to 2021-08-15 11:59 PM (UTC) and participants needs to complete the following tasks during the campaign period to win:
- Complete the Binance Liquid Swap Quiz
- Add liquidity or Swap on Binance Liquid Swap
- Know more about Binance Liquid Swap.
Information about joining the campaign can be found on Binance Blog
The answers of the Binance](https://www.binance.com/en/register?ref=WGPOLNV2) Liquid Swap Learn and Earn program are the following:
“Question 1. Liquid Swap” is NOT a guaranteed investment, after providing the liquidity, the maximum loss you may be able to bear is:
Answer: May exceed 50%
Question 2. When you provide liquidity, which is INCORRECT for the following views:
Answer: Any token can be added
Question 3. When you add 100BUSD to BUSD/DAI liquidity pool (the current pool ratio is 4:6 / BUSD: DAI), so what tokens will you hold:
Answer: A share portfolio, including 40BUSD + 60 DAI, and the share portfolio will change in real-time.
Question 4. When you redeem your tokens back, which is INCORRECT for the following views
Answer: You can get the same amount of tokens you added.
Question 5. Which of the followings may cause transaction fees:
Answer: All of the above options.
Terms & Conditions
The rewards are exclusive to the first 3,000 qualified users each week ranked by the time they pass the quiz.
Each qualified new Liquid Swap user who has never added liquidity nor swapped on Binance Liquid Swap before the promotion, will receive a 1,000 BUSD Saving Trial Fund Voucher, while each qualified existing Liquid swap user will receive an 800 BUSD Saving Trial Fund Voucher.
Each qualified user can receive a maximum of 1 reward during the campaign.
The Savings Trial Fund Voucher will be allocated to recipients’ Binance Reward Center within two weeks after the promotion ends. Users can see their rewards by selecting the Account > Reward Center.
The validity of the voucher is set as 7 days from the day of distribution.
The Savings Trial Fund is valid for 7 days, allowing users to subscribe to the 7-day BUSD Flexible Savings product and earn Savings interest during that period of time. For more information, read this guide on how to redeem Savings Trial Fund.
Each week runs from 00:00 AM (UTC) on Monday to 11:59 PM (UTC) on the respective Sunday.
Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
References
- https://www.binance.com/en/support/announcement/8d76f6ae88fe4ce98692d0fcf01a9a80
- https://ongterence.com/binance-liquid-swap-quiz-answers/
Disclaimer: All information found on this article is for informational purposes only. I do not provide any personal investment advice so please make your own research before proceeding to any investment/trading action.
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