BINANCE #Learn&Earn
#Quiz ALL ANSWERS
1. How are rewards distributed in the VIP program?
A) Equally to all users on the network
B) Based on an appchain’s economic activity and community gauge voting
C) Only to developers who build on Initia
D) Randomly through a lottery system
Answer: B
2. How does the Interwoven Stack help developers?
A) By providing free cloud storage
B) By offering marketing services for new apps
C) By reducing complexity and providing integrated tools for building appchains
D) By automatically writing smart contract code
Answer: C
3. What does Initia aim to create with its interwoven architecture?
A) A single super-app
B) A faster Layer 1
C) A connected "Multichain Garden of Eden"
D) A private network
Answer: C
4. What is the name of Initia’s comprehensive toolkit for building appchains?
A) The Initia Launchpad
B) The Appchain Framework
C) The Interwoven Stack
D) The VIP Suite
Answer: C
5. What is the Vested Interest Program (VIP) designed to do?
A) Offer discounts on trading fees
B) Provide exclusive access to new token launches
C) Align incentives and help bootstrap appchains' initial growth phase
D) Manage validator nodes on the Layer 1
Answer: C
6. What is Initia?
A) A decentralized exchange
B) A Layer 1 blockchain designed for a multichain future
C) A Layer 1 blockchain focused only on DeFi
D) A crypto wallet provider
Answer: B
7. What is the main goal of Initia?
ANSWER: B) To provide a platform for appchains to achieve sustainable growth
$INIT 8. How does the VIP program support appchains?
ANSWER: B) By supporting user acquisition and early monetization via aligned incentives
9. The Interwoven Stack enables seamless communication between which entities?
ANSWER: C) Between appchains, the Initia L1, and other
10. What common problem for blockchain apps does Initia aim to solve?
ANSWER: C) Poor user activity due to complex infrastructure and misaligned incentives
$INIT