- THORChain is a decentralized cross-chain liquidity protocol that allows users to swap between assets on different blockchains.
- RUNE is the native token of THORChain and is used to pay for gas fees, incentivize liquidity providers, and secure the network.
- THORChain is secured by a network of validators known as Node Operators.
- THORChain is not a Layer 2 DEX. It is a Layer 1 DEX that operates on its own blockchain.
| Question | Answer |
|---|---|
| How many types of users are there in THORChain? | 4 |
| What is the native coin of THORChain? | RUNE |
| What are the use cases of THORChain’s native coin? | Governance, incentivization, settlement and network security |
| What is the total supply of THORChain’s native coin? | 500 million |
| What is the role of a trader in the THORChain ecosystem? | Function as an oracle to deliver data |
| How does THORChain secure its network? | Tendermint Byzantine Fault Tolerance, Cosmos-SDK and Threshold Signature Scheme (TSS) |
| How would a BTC-to-ETH swap happen on THORChain? | Internally, there will be a BTC to RUNE swap, and then a RUNE to ETH swap |
| Which of the following statements is true? | RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators |
| THORChain is a Layer 2 DEX. | False |
| Who secures the network? | Node Operators |
Are you interested in learning more about THORChain, a decentralized exchange that allows users to swap between assets on different blockchains? If so, you can take the Binance Thorchain Quiz Cointips.Info.
The quiz covers a variety of topics related to THORChain, including its features, how it works, and its native token, RUNE. By taking the quiz, you can learn more about this exciting new project and decide if it is right for you.
The quiz is divided into 10 questions, each with multiple choice answers. There is no time limit, so you can take your time and answer each question carefully. Once you have completed the quiz, you will receive your score and a link to a detailed explanation of the answers.
The Binance Thorchain Quiz is a great way to learn more about this innovative new exchange. So what are you waiting for? Take the quiz today!
Here are some of the key things you will learn from the quiz:
- What is THORChain?
- How does THORChain work?
- What are the benefits of using THORChain?
- What is the native token of THORChain?
- How can I earn RUNE tokens?
- How can I secure my funds on THORChain?