Binance Learn & Earn: Get 5.20 PYTH by Completing the Pyth Network Quiz
The Pyth Network is a leading blockchain oracle that delivers accurate, real-time financial data directly onchain. Through Binance Learn & Earn, users can now earn 5.20 PYTH tokens simply by completing a short educational quiz about Pyth.
This initiative lets you learn about decentralized data oracles while earning crypto — combining knowledge and rewards in one easy step.
Pyth Network Quiz: Questions, Answers, and Explanations
1. What are some governance decisions made by the Pyth DAO?
Options:
A) Setting price targets for cryptocurrencies
B) Deciding on onchain and offchain fees, asset coverage, and staking mechanisms
C) Allocating new block rewards for miners
✅ Correct Answer: B) Deciding on onchain and offchain fees, asset coverage, and staking mechanisms
Explanation:
The Pyth DAO governs key protocol parameters like fees, asset coverage, and staking models, ensuring the network operates transparently. It does not control cryptocurrency prices or issue block rewards.
2. What can the PYTH token be used for?
Options:
A) Playing blockchain games
B) Staking to secure data and voting in governance
C) Mining rewards for discounted purchases
✅ Correct Answer: B) Staking to secure data and voting in governance
Explanation:
The PYTH token is used for staking (to help secure the network) and governance (to vote on proposals). It is not a gaming or mining token; its utility is strictly tied to network security and governance participation.
3. What is Oracle Integrity Staking (OIS)?
Options:
A) A rewards program for NFT collectors
B) A system where publishers and community members stake PYTH tokens to back data accuracy
C) A new consensus mechanism replacing proof-of-work
✅ Correct Answer: B) A system where publishers and community members stake PYTH tokens to back data accuracy
Explanation:
Oracle Integrity Staking (OIS) is Pyth’s system to ensure data reliability. Participants stake PYTH tokens to signal confidence in their data. Providing false or inaccurate data risks losing staked tokens, encouraging honesty and trustworthiness.
4. What future model is Pyth exploring for institutional adoption?
Options:
A) Open access to all census data
B) A subscription service for getting real-time financial data like Bloomberg
C) Government subsidies for cellular data usage
✅ Correct Answer: B) A subscription service for getting real-time financial data like Bloomberg
Explanation:
Pyth aims to attract institutions with a subscription-based model, offering access to real-time, high-quality financial data in a decentralized way — similar to Bloomberg or Reuters.
5. On how many blockchains is Pyth data available?
Options:
A) Fewer than 10
B) About 50
C) Over 100
✅ Correct Answer: C) Over 100
Explanation:
Pyth data feeds are now available on over 100 blockchains, including Ethereum, Solana, BNB Chain, Polygon, Avalanche, and Base, making it one of the most widely integrated oracle networks.
6. What problem does Pyth Network aim to solve?
Options:
A) High fees for blockchain transactions
B) Limited and expensive access to high-quality market data
C) Lack of internet access for financial institutions
✅ Correct Answer: B) Limited and expensive access to high-quality market data
Explanation:
Pyth solves the problem of restricted and costly access to accurate market data by providing decentralized, real-time information to everyone — not just large institutions.
7. How many real-time price feeds does Pyth currently offer?
Options:
A) Around 500
B) Over 2,000
C) Less than 100
✅ Correct Answer: B) Over 2,000
Explanation:
Pyth provides over 2,000 real-time price feeds across cryptocurrencies, equities, forex, and commodities — supporting traders, DeFi apps, and developers with accurate data.
8. Who contributes data to Pyth Network?
Options:
A) Individual retail traders
B) Trading firms, banks, exchanges, and market makers
C) Regulators and governments
✅ Correct Answer: B) Trading firms, banks, exchanges, and market makers
Explanation:
Pyth’s price feeds come from first-party institutional sources, ensuring accuracy and reliability. Individual traders or regulators do not provide this data.
9. What is Pyth’s long-term vision?
Options:
A) To make the world’s most valuable prices accessible to everyone, not just a few institutions
B) To replace all banks with blockchains and ledgers
C) To only provide faster internet and intranet access through satellites
✅ Correct Answer: A) To make the world’s most valuable prices accessible to everyone, not just a few institutions
Explanation:
Pyth’s goal is to democratize access to high-quality market data, ensuring fairness, transparency, and accessibility for both individual users and institutions globally.
10. What unique feature does each Pyth price feed include?
Options:
A) Historical price charts only
B) Confidence intervals showing volatility and certainty levels
C) Automatic trading bots integration
✅ Correct Answer: B) Confidence intervals showing volatility and certainty levels
Explanation:
Each Pyth price feed includes confidence intervals that reflect market volatility and certainty of the price. This unique feature allows users and DeFi platforms to understand how reliable and stable the current price is, making financial decisions safer and more transparent.
💰 Earn 5.20 PYTH Tokens on Binance
As part of Binance Learn & Earn, completing the Pyth Network Quiz rewards users with 5.20 PYTH tokens.
This is a perfect opportunity to:
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Learn about decentralized oracles and blockchain data
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Participate in a rewarding educational program
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Build crypto knowledge while earning tokens directly in your Binance account
🎯 Tip: Visit Binance’s Learn & Earn section, complete the Pyth quiz, and claim your 5.20 PYTH reward instantly.
