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C - It reliably connects smart contracts to any external data-source or APIE - It’s designed for transactional privacyB - Stablecoin protocol using Band’s ETH/USD feed to determine amount of stablecoin being lent‍A - Pre-determined datasets, crypto price feeds, limited scalability

D - Centralized oracle solution, whitelisted data providers, delayed data feedsA - They’re not, this is a voluntary and open-source projectD - Validators and underlying stakers receive a data request fee and block rewardA - To bring utility to the BAND token

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Q1: Why is Band Protocol important for DeFi and smart contract use-cases? A - Transactions are faster and more inexpensive B - It’s limited by common layer-1 scalability issues C - It reliably connects smart contracts to any external data-source or API D - Prevents smart contracts from using outside data E - It’s designed for transactional privacy Q2: What is an example of decentralized finance (DeFi) using Band Oracle? A - Lending protocol using Band’s BTC/USD to determine liquidation ratio B - Stablecoin protocol using Band’s ETH/USD feed to determine amount of stablecoin being lent C - Derivative asset using Band’s Apple stock feed to track asset price on chain D - Conditional payments using a custom oracle script on BandChain to verify real-world events ‍ E - All of the above Q3: What does Band Protocol offer in comparison to native blockchain-based oracle services? A - Pre-determined datasets, crypto price feeds, limited scalability B - Low transaction speed, transaction per second, high throughput C - Sidechain scalability solutions, customized decentralized applications, inflation D - Centralized oracle solution, whitelisted data providers, delayed data feeds E - Low cost, real-time data, support for any data type, customizability, scalability and cross-chain compatibility Q4: How is the BandChain decentralized oracle network incentivized to fullfil oracle requests? A - They’re not, this is a voluntary and open-source project B - Everything is sponsored by partners, for now C - The Band team is paying validators to run nodes D - Validators and underlying stakers receive a data request fee and block reward E - None of the above Q5: Why are validators who fulfil data requests on BandChain required to stake BAND? A - To bring utility to the BAND token B - To make the oracle network faster C - To decrease the decentralized and level of trustlessness D - Align economic incentive for validators to secure the oracle network E - None of the above Q6: What can BAND token holders do to help secure the network and earn a portion of data request fees? A - Trade BAND token for profit B - Give BAND tokens to validators C - Participate in the governance process D - Delegate or stake BAND for chosen validator(s) E - Ask questions in the community Q7: 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 A - there is less participation in staking B - there are more validators on the network C - there are more community members ‍ D - more fees are generated through the network, rewarding validators and stakers E - there are stronger, more complex data requests NEAR Protocol