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Poloniex Exchange Margin Traders Quiz Answer
Q1. What advantage(s) does margin trading have over spot trading?
Ans: Both a and b are correct.
Q2. If the price of BTC drops from 15,000 to 10,000 and you predict it will keep falling, what is the most appropriate strategy for margin trading?
Ans: Borrow and short BTC.
Q3. Does margin trading on Poloniex require manual borrowing and repayment?
Ans: Yes.
Q4. What is the maximum leverage that Poloniex currently allows for margin trading?
Ans: Three times
Q5. Which currencies does Poloniex accept as margin?
Ans: USDT, BTC, ETH, and TRX
Q6. What is the interest calculation period for borrowing in margin trading on Poloniex?
Ans: Daily
Q7. Which of the following formula is wrong?
Ans: Interest = Borrowed * Daily interest rate/12
Q8. At what margin ratio will forced liquidation be triggered in Poloniex's margin trading?
Ans: 150%
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** ALL Solana (SOL) Answer
Q) Which of these is not one of the
technical design features that allow
Solana to process transactions at a
higher rate?
A: Proof-of-work
Q) As of September 2022, what is
the energy impact of a single Solana
transaction on average?
A: Less than a Google search (~500
Q) What can you use SOL for?
A: All are correct
Q) What is the average Solana
transaction fee?
A: $0.00025
Q) What is Saga?
A: A crypto-friendly mobile phone that
uses the Solana Mobile Stack
0) How quickly does it take the Solana
Pay protocol to process a transaction
globally?
A: A few seconds
Q) Firedancer, a new Solana validator
client being developed by Jump
Crypto, can process how many TPS in
a test environment?
A: 1,200,000
Q) Solana uses mining to secure its
network.
A: raIse
Q) As of December 2022, how many
NFTs have been minted using Solana?
A: 22,700,000
Q) Which of the following established
companies support or have integrated
Solana?
A: All are correct
Q) As of December 2022, how many
NFTs have been minted using Solana?
A: 22,700,000
Q) Which of the following established
companies support or have integrated
Solana?
A: All are correct
