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Questions and Answers
What are utility tokens used for?
What are utility tokens used for?
- To access specific products and services (correct)
- To store value
- To pay for goods and services
- To trade on cryptocurrency exchanges
What is an example of a utility token?
What is an example of a utility token?
- Bitcoin
- Ethereum
- Axie Infinity’s Small Love Potion (correct)
- Ripple
What is the main purpose of utility tokens?
What is the main purpose of utility tokens?
- To access specific products and services (correct)
- To store value
- To pay for goods and services
- To trade on cryptocurrency exchanges
What is a benefit of holding a utility token?
What is a benefit of holding a utility token?
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What does a utility token offer holders?
What does a utility token offer holders?
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What is NOT an example of a utility token?
What is NOT an example of a utility token?
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How do utility tokens work?
How do utility tokens work?
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What type of benefits can utility tokens offer?
What type of benefits can utility tokens offer?
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What is NOT a benefit of holding a utility token?
What is NOT a benefit of holding a utility token?
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What is the main purpose of utility tokens?
What is the main purpose of utility tokens?
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