How to Quicky (L)Earn ALGO - With Binance Academy (Answers included)
Yes! I just answered all questions and I am about to receive 2 Algo :)
Yes! This means $0.2283 (Algo's price 11/12/22) x 2 but it came for free so why not?
How about earning some quick crypto in just a few minutes of your time?
Are you on Binance? If not, perhaps it is time you joined. There are many activities and earning possibilities that especially if you are a beginner, it is good to take advantage of.
With Binance, you can earn crypto while earning about it. There is an academy that you can check out https://academy.binance.com/ and you can also follow its announcements so that you do not miss any opportunities.
You may want to consider joining their Christmas Challenge (if you are a creative content creator) and win ...
The 5 most creative entries will share half a bitcoin equally, and 10 runners-up get limited edition Binance merch.
More here
But for now, let me help you get a very very easy 2 ALGO to your account
If you do not have an account yet: https://accounts.binance.com/en/register?ref=QPMI6N3U
(This is so that we both get a 10%)
Let's start (L)earning
What Is Algorand (ALGO)?
Algorand (ALGO) is a Pure Proof of Stake blockchain focused on scalability and decentralization. It has its own blockchain, cryptocurrency, and smart contracts.
Please note that not all the questions come with the same turn.
What you need to know -
The minimum stake needed to run a validator is 0.1 ALGO
An Algorand Block is 3.7 seconds fast
The total supply of ALGO will be 10 billion
The consensus mechanism that Algorand uses is PPos (Pure Proof of Stake)
Companies like Napster, Limewire and FIFA are building on Algorand
Algorand can process 6,000 transactions per second (TPS)
It costs 0.001 ALGO to transact
For each round, the network selects the block proposal with lowest VRF hash
It is true that Algorand has a Governance Program
Silvio Micali, the founder, was a co-inventor of all the technologies mentioned (Zero-Knowledge Proofs, Probabilistic Encryption and Verifiable Random Functions)
Links for more:
https://academy.binance.com/en/learn-and-earn/course/what-is-algorand-algo-BN805062423637413889?chapterIndex=1
https://academy.binance.com/en/learn-and-earn/course/what-is-algorand-algo-BN805062423637413889?chapterIndex=2
And since you are there, check out if there are more rewards to be redeemed!
https://academy.binance.com
If you have not joined Binance, feel free to use my referral (we both earn 10%) https://accounts.binance.com/en/register?ref=QPMI6N3U
I hope this was useful to you!
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