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Questions and Answers
What is the primary purpose of utility tokens?
What is the primary purpose of utility tokens?
- To be used as a form of currency
- To provide access to products and services (correct)
- To be used in a game
- To provide discounts and rewards
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)
- Litecoin
What is one use of a utility token?
What is one use of a utility token?
- To purchase goods and services
- To gain discounts and rewards
- To provide access to services (correct)
- To mine cryptocurrency
What is NOT a use of a utility token?
What is NOT a use of a utility token?
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What is the main benefit of owning a utility token?
What is the main benefit of owning a utility token?
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What type of project is a utility token typically tied to?
What type of project is a utility token typically tied to?
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What does a utility token provide to holders?
What does a utility token provide to 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 is NOT a use of a utility token?
What is NOT a use of a utility token?
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