Coinbase Band Protocol Answers Learn and Earn $43 BAND

3 min readJan 18, 2022

--

Did you know you can receive free cryptocurrency simply by learning? Coinbase, the popular cryptocurrency exchange, has released a program designed to reward users through learning — Coinbase Earn. Through this initiative, users will watch short videos teaching information about various cryptocurrencies, and by answering the quizzes correctly, Coinbase awards you with some free coins.

How to earn free $43 BAND tokens?

1) Sign up a Coinbase Account today

2) Once you are done, Click on the “Learn and earn” tab, on the left side panel.

3) Click on the “Start Earning” button beside the cryptocurrency offered.

4)Watch the video & Answer the quizzes to earn free cryptocurrency.

Coinbase Band Protocol (BAND) Quiz Answers

Question 1: What does Band bring to blockchains?
Correct answer: Real world data.

Question 2: What are Band’s decentralized data feeds called?
Correct answer: Oracles.

Question 3: What’s one benefit of staking your BAND tokens?
Correct answer: Earn crypto rewards.

What is BAND?

The Band Protocol is a cross-chain data oracle that aggregates and connects real-world data and APIs to smart contracts.

The protocol is built on top of BandChain, a Cosmos-SDK based blockchain designed to be compatible with most smart contract and blockchain development frameworks.

The network is designed to modularize and offload the heavy and resource-intensive tasks (i.e. fetching data from external sources aggregating them) from the smart contract platforms onto itself. This not only prevent such tasks from congesting or causing high transaction fees on the destination network, but the same data points can be packaged, used, and verified efficiently across multiple blockchains.

Its flexible design allows developers to query any range of data types including both on-chain data (token balances, transaction data, etc.), real-world events (sport scores, flight status, weather, etc.), and any data that is available through the web or any other mediums (stocks/token prices, random numbers, etc.)

If you’ve made it this far, and you’re still interested to find out more, you may seek your answers at the official website here.

Thank you for reading! :)

Clap & Follow Me for more useful tips, new project opportunities and giveaways!

Also, Check out the other Coinbase Quiz Answers you may need:

Disclaimer: All information is for educational purposes only and are not intended to constitute legal, tax, accounting, financial or investment advice. I am not a professional financial advisor, attorney or account, nor am I holding myself out to be. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. All financial opinions expressed are from personal research and experience. There may be affiliate links, meaning that I’ll receive a small commission when you click on my link. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, are current only as of the date hereof and may be subject to change at any time without prior notice. I do not take ownership of the information described here. Your level of success in attaining the results claimed will require hard-work, experience, and knowledge.

Coinbase Band Protocol Answers Learn and Earn $43 BAND

How to earn free $43 BAND tokens?

Coinbase Band Protocol (BAND) Quiz Answers

What is BAND?

Written by Limitless Insights