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Utility Tokens Quiz

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Questions and Answers

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?

Bitcoin

Ethereum

Axie Infinity’s Small Love Potion (correct)

Ripple

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?

All of the above Signup and view all the answers

What does a utility token offer holders?

All of the above Signup and view all the answers

What is NOT an example of a utility token?

Bitcoin Signup and view all the answers

How do utility tokens work?

They are tied to specific blockchain projects or ecosystems Signup and view all the answers

What type of benefits can utility tokens offer?

All of the above Signup and view all the answers

What is NOT a benefit of holding a utility token?

Access to cryptocurrency exchanges Signup and view all the answers

What is the main purpose of utility tokens?

To access specific products and services Signup and view all the answers

Utility Tokens Quiz

Choose a study mode

Podcast

Questions and Answers

What are utility tokens used for?

What is an example of a utility token?

What is the main purpose of utility tokens?

What is a benefit of holding a utility token?

What does a utility token offer holders?

What is NOT an example of a utility token?

How do utility tokens work?

What type of benefits can utility tokens offer?

What is NOT a benefit of holding a utility token?

What is the main purpose of utility tokens?

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