WELCOME TO OUR CRYPTO KNOWLEDGE QUIZ!

Hello Crypto Enthusiasts! Ready to test your knowledge and deepen your understanding of cryptocurrencies? Answer these questions and see how much you've learned. Drop your answers in the comments or use our poll feature to participate!

QUESTION : WHAT IS THE PRIMARY PURPOSE OF ETHEREUM?
A. To process digital payments
B. To explore web pages
C. To facilitate smart contracts
D. To act as digital gold

ENGAGE WITH US!
- POST YOUR ANSWERS BELOW: Let’s see who can get all the answers right!
- POLL YOUR FRIENDS: Which question was the trickiest? Vote in our poll!

FOLLOW US for more quizzes and the answers to this one in our next post!

#CryptoQuiz
#CryptoNews #CryptoTrading #BlockchainTech #CryptocurrencyNews #CryptoInvestor #CryptoMarket #DigitalCurrency #CryptoLife #CryptoAnalysis #CryptoCurrencies #CryptoUpdate #CryptoWorld #BitcoinTrading #ethereumtrading #CryptoEducation #FinTechInnovations #CryptoSecurity #CryptoCommun

DYOR

Binance introduces Ethena (ENA) as its 50th Launchpool project.
ENA
Launchpad
--
Ethena's participation in the Binance Launchpool coincides with the protocol scheduled to launch on the platform today, March 29, 2024.
Binance introduces Ethena (ENA) as its 50th Launchpool project | Coinspeaker .
Ethena is a synthetic dollar and internet platform based on the #BTC (ETH) blockchain. Its synthetic dollar USDe is designed to bring stability and scalability to the DeFi ecosystem.
The platform uses a delta hedge against Ethereum collateral to maintain the USDe peg and introduces "internet bonds" to generate income through staking and derivatives.
Starting March 30, 2024, users will be able to mine ENA, Ethena's native token, by placing BNB and FDUSD tokens in other projects in the Binance launch pool.
The exchange has also allocated 300,000,000,000,000,000 ENA, representing 2% of the maximum supply, as a reward for Launchpool tokens.
The farming event lasted three days and was only open to users in unrestricted regions.
Users in some regions are prohibited from participating in the token farming event due to regulatory concerns. According to the company, users from Australia, Canada, Cuba, the Crimea region, Iran, Japan, New Zealand, the Netherlands, North Korea, Syria, the United States and its territories, and the government-uncontrolled part of Ukraine are not allowed to farm ENA.
However, the exchange assured users that the list of banned countries may be changed due to updated legislation.
Binance also announced that it will officially list ENA on its platform at 8am GMT on April 2, 2024. The listing will be accompanied by a number of trading pairs including ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD and ENA/TRY.
Meanwhile, Ethena's appearance on the Binance Launchpool coincides with the protocol scheduled to launch on the platform starting today, March 29, 2024. The platform will also reward users for their contributions to the network from launch.
Read us at: Compass Investments
#FinTechInnovations #ETHENALAUNCHPOOL #InvestSmart #crypto2024