New Coinmarketcap X Band Protocol Earn Crypto Program

💰Reward: about 10$ worth of BAND
🚩Rate :🌟🌟🌟🌟🌟
Tutorial

1. Signup here: https://coinmarketcap.com/

2. You must have a Band wallet address, for that signup here: https://www.binance.com/en/register?ref=11683538

3. Now go to this page: https://coinmarketcap.com/earn/project/band-protocol

4. Watch the 3 videos and solve the Quiz.
   Quiz Answers:

5. Why is Band Protocol important for DeFi and smart contract use-cases?
   Ans: It reliably connects smart contracts to any external data-source or API

6. What is an example of decentralized finance (DeFi) using Band Oracle?
   Ans: All of the above.

7. What does Band Protocol offer in comparison to native blockchain-based oracle services?
   Ans: Low cost, real-time data, support for any data type, customizability, scalability and cross-chain compatibility

8. How is the BandChain decentralized oracle network incentivized to fulfil oracle requests?
   Ans: Validators and underlying stakers receive a data request fee and block reward

9. Why are validators who fulfil data requests on BandChain required to stake BAND?
   Ans: Align economic incentives for validators…

10. What can BAND token holders do to help secure the network and earn a portion of data request fees?
    Ans: Delegate or stake Band for choosen validators(s).

11. The BAND token is used to pay for transaction fees on BandChain , similarly to ETH on Ethereum. If there is a higher usage of Band oracles then …*
    Ans: more fees are generated through the network, rewarding validators and stakers