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Binance Learn and Earn Initia (INIT) Quiz Answers

Binance Learn and Earn is an education initiative where you can complete quizzes for free crypto.

To be eligible, you must verify your identity, read the article, and watch the video(s).

You need to answer all questions in the quiz correctly to earn the rewards.

Get started: accounts.binance.com/register?ref=73583477 or use “73583477” as the referral code.

Open the Binance app > Pro > Menu > More Services > Gift & Campaign > Learn & Earn.

Tap on the “Start Learning” button on the ongoing activity and tap on “Start Quiz” after you’ve finished the course.

This guide contains the Binance Learn and Earn Initia (INIT) quiz answers to earn 1 INIT in principal rewards.

Binance Learn and Earn Initia (INIT) Quiz Answers

Question: The Interwoven Stack enables seamless communication between which entities?

Answer: Between appchains, the Initia L1, and other blockchain ecosystems.

Question: How are rewards distributed in the VIP program?

Answer: Based on an appchain’s economic activity and community gauge voting.

Question: What is the name of Initia’s comprehensive toolkit for building appchains?

Answer: The Interwoven Stack.

Question: What common problem for blockchain apps does Initia aim to solve?

Answer: Poor user activity due to complex infrastructure and misaligned incentives.

Question: What is Initia?

Answer: A Layer 1 blockchain designed for a multichain future.

Question: How does the Interwoven Stack help developers?

Answer: By reducing complexity and providing integrated tools for building appchains.

Question: What is the Vested Interest Program (VIP) designed to do?

Answer: Align incentives and help bootstrap appchains’ initial growth phase.

Question: What is the main goal of Initia?

Answer: To provide a platform for appchains to achieve sustainable growth.

Question: How does the VIP program support appchains?

Answer: By supporting user acquisition and early monetization via aligned incentives.

Question: What does Initia aim to create with its interwoven architecture?

Answer: A connected ‘Multichain Garden of Eden’.

Further reading

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Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.