Coinmarketcap Band Protocol Earn Crypto Program

Coinmarketcap Band Protocol Earn Crypto Program


💰Reward: 10$ worth of BAND
🚩Rate :🌟🌟🌟🌟🌟

✅Guide:

1. Signup here: https://coinmarketcap.com/

2. You must have a Band wallet address, for that signup here: https://bit.ly/3fYHMKh

3. Now go to this page: https://coinmarketcap.com/earn/project/band-protocol

4. Watch the 3 videos and solve the Quiz.

Quiz Answers: [Try to confirm once]

1. Why is Band Protocol important for DeFi and smart contract use-cases?
Ans:
 It reliably connects smart contracts to any external data-source or API

2. What is an example of decentralized finance (DeFi) using Band Oracle?
Ans:
 All of the above.

3. What does Band Protocol offer in comparison to native blockchain-based oracle services?
Ans: 
Low cost, real-time data, support for any data type, customizability, scalability and cross-chain compatibility

4. How is the BandChain decentralized oracle network incentivized to fulfil oracle requests?
Ans: 
Validators and underlying stakers receive a data request fee and block reward

5. Why are validators who fulfil data requests on BandChain required to stake BAND?
Ans: 
Align economic incentives for validators…

6. What can BAND token holders do to help secure the network and earn a portion of data request fees?
Ans:
 Delegate or stake Band for choosen validators(s).

 

Thanks and Enjoy the Promo!


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