Given the task definition and input, reply with output. In this task, you are given a passage and a question regarding that passage. You must determine whether or not the question is answerable from the given passage. If a question is answerable, output should be 'True', otherwise 'False'. You must not consider any other information that is not provided in the passage while labelling True or False.

Passage: Free oxygen gas was almost nonexistent in Earth's atmosphere before photosynthetic archaea and bacteria evolved, probably about 3.5 billion years ago. Free oxygen first appeared in significant quantities during the Paleoproterozoic eon (between 3.0 and 2.3 billion years ago). For the first billion years, any free oxygen produced by these organisms combined with dissolved iron in the oceans to form banded iron formations. When such oxygen sinks became saturated, free oxygen began to outgas from the oceans 32.7 billion years ago, reaching 10% of its present level around 1.7 billion years ago. Question: What happened 3.7-2 billion years ago?
False