Earn 10 Polymesh (POLYX) for free with Binance Learn & Earn Campaign!
Earn 10 Polymesh (POLYX) for free with Binance Learn & Earn Campaign!
What is Binance Learn & Earn?
"Binance Learn & Earn" is a Binance campaign where users can gain knowledge on blockchain and earn free crypto by completing courses and quizzes. All KYC-verified Binance users can begin to read the articles and watch the video(s) anytime from now, and complete quizes to earn rewards!
If you don't have a Binance account you can sign up with my referral link and support me and this blog. 
What is Polymesh?
Polymesh is a layer 1 public permissioned blockchain built for security tokens, which are digital contracts for fractions of assets that hold real-world value.
As a public permissioned blockchain, anyone can view the network. However, you must complete an identity verification process to participate in it. This verification process applies to all actors on the chain, from issuers and investors to stakers and node operators.
Node operators in particular must be permissioned and licensed financial entities. This increases network security, since these entities face greater reputational risk than unidentifiable actors.
Polymesh enables market participants to enjoy the unique benefits of private and permissionless networks, offering trust in the network without compromising on transparency.
How does Polymesh work?
Node operators and stakers work together to secure the layer 1 blockchain and validate blocks.
Node operators who successfully validate blocks are rewarded in POLYX, Polymesh’s utility token. Stakers stake their POLYX on node operators to increase the latter’s chance of being selected for the validator pool every 24 hours. After node operators collect a commission of up to 10%, stakers will receive POLYX.
Quiz Questions and Answers:
Beware that order of the questions might differ on your quiz page! You can find the answers below, in case of a different order in the questions you can find the answer from the choices.
Important Note: This quiz and reward is only eligible for users who had no Staking record before.
Q1) What is Polymesh built for?
Answer: Security tokens
Q2) Who are Polymesh’s node operators?
Answer: Regulated financial entities only
Q3) How large is the securities market?
Answer: Hundreds of trillions of dollars
Q4) Can you earn staking rewards with POLYX?
Answer: Yes
Q5) Polymesh falls into which category of blockchain?
Answer: Public permissioned
Q6) How is POLYX classified under Swiss law?
Answer: Utility token
Q7) What consensus mechanism does Polymesh use?
Answer: Proof-of-stake
Q8) What are the key pillars of Polymesh?
Answer: Governance, identity, compliance, confidentiality, settlement
Q9) What are the next steps for Polymesh?
Answer: Stablecoins, MERCAT, Integrations, NFTS
Q10) Polymesh is the blockchain of?
Answer: Making tokenization accessible to institutions
What is the prize?
After successful completion of the quiz you will get your 10 POLYX coins as a Token Voucher for Locked Staking for 150 days. During this 150 days you will not be able to unlock your POLYX coins, however can enjoy 100% APR while your coins are staked. Reward distribution generally takes less than 48 hours. However, you may not receive the rewards if you’re not qualified.
If you want to become a member of Publish0x and start earning, you can subscribe to the site by clicking on my reference link, so you can support me and other authors. You can follow me on Publish0x and Twitter to follow news and articles about the world of cryptocurrencies. In addition, if you do not have a Kucoin account, you can become a member by clicking the reference link.
