What Is Pyth Network Binance Quiz

Binance Learn and Earn Pyth Network (PYTH) Quiz Answers

Question: What can the PYTH token be used for?

Answer: Staking to secure data and voting in governance

Question: How many real-time price feeds does Pyth currently offer?

Answer: Over 2,000

Question: On how many blockchains is Pyth data available?

Answer: Over 100

Question: What unique feature does each Pyth price feed include?

Answer: Confidence intervals showing volatility and certainty levels

Question: What problem does Pyth Network aim to solve?

Answer: Limited and expensive access to high-quality market data

Question: Who contributes data to Pyth Network?

Answer: Trading firms, banks, exchanges, and market makers

Question: What is Oracle Integrity Staking (OIS)?

Answer: A system where publishers and community members stake PYTH tokens to back data accuracy

Question: What future model is Pyth exploring for institutional adoption?

Answer: A subscription service for getting real-time financial data like Bloomberg

Question: What are some governance decisions made by the Pyth DAO?

Answer: Deciding on onchain and offchain fees, asset coverage, and staking mechanisms

Question: What is Pyth’s long-term vision?

Answer: To make the world’s most valuable prices accessible to everyone, not just a few institutions