KuCoin Margin has launched the Margin Education Bonus Program. Kucoin Quiz Answers are given below.
Join the Margin Education Bonus Program: Complete the Kucoin Quiz to Share a 15,000 USDT Worth of Prize Pool.
Join the Margin Knowledge Training Club, get educational subsidies, enjoy a trading prize pool, and get airdrop rewards for sharing their results.
Activity Period: From 12:00:00 on September 9, 2021 to 12:00:00 on September 16, 2021 (UTC).
Users who participate in any of the Margin courses quizzes during the specified period will be regarded as eligible participants.
Rewards will be distributed within 7 working days of the campaign’s ending.
How To Participate In KUCOIN Quiz?
1) First of all login or SignUp on Kucoin. Link is given below.
Kucoin Referral Code: 1Kc2J
2) Click on the link given below to visit the Kucoin quiz page.QUIZ PAGE
3) Participate in the quiz and give correct answers. All answers are given below.
Theme: Chapter 2: Margin Trading Tutorial
Completion Date: September 11-12, 2021 (UTC)
Courses: Trading in Margin
Subsidy Prize Pool (USDT): Equally share 2,500
Kucoin Quiz Answers: [Theme] Basic Knowledge of Margin
Question 1) If you want to do long BTC in Margin, take BTC/USDT as an example, the process is:
Answer: A. Transfer funds to a Margin account – borrow USDT – buy BTC – sell BTC after the BTC rises – repay the borrowed USDT.
Question 2) Tom wants to do long BTC. At this time, the price of BTC is 45,000 USDT. He transferred the funds to his Margin account. After borrowing USDT, he did not do any trading operations. One day later, BTC rose to 52,000 USDT, then Tom ____.
Answer: B. There is no profit or even loss of interest because he did not buy BTC after borrowing, so the rise of BTC has nothing to do with him, and he also needs to pay the interest of borrowing USDT
Question 3) Normally, after you borrow tokens, for example, after borrowing USDT, interest will be generated. The first interest calculation will be generated after clicking the borrow button. Then _____ will be calculated once, and you only need to repay the calculated interest when repaid in advance. It should be noted that if you borrow tokens from the interest-free coupon interface, you do not need to pay the interest.
Answer: B. Every hour
Question 4) After Tom borrows BTC and goes short in Margin, can he use USDT to repay the borrowed BTC?
Answer: B. No, the borrowed BTC can only be repaid with BTC, and other currencies cannot be used to repay.