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Utility Token Quiz

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Questions and Answers

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?

Bitcoin

Ethereum

Axie Infinity’s Small Love Potion (correct)

Litecoin

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?

To be used as a form of currency Signup and view all the answers

What is the main benefit of owning a utility token?

To access services Signup and view all the answers

What type of project is a utility token typically tied to?

A blockchain project Signup and view all the answers

What does a utility token provide to holders?

Access to products and services Signup and view all the answers

What is NOT an example of a utility token?

Ripple Signup and view all the answers

How do utility tokens work?

They are tied to a specific blockchain project or ecosystem Signup and view all the answers

What is NOT a use of a utility token?

To be used as a form of currency Signup and view all the answers

Utility Token Quiz

Choose a study mode

Podcast

Questions and Answers

What is the primary purpose of utility tokens?

What is an example of a utility token?

What is one use of a utility token?

What is NOT a use of a utility token?

What is the main benefit of owning a utility token?

What type of project is a utility token typically tied to?

What does a utility token provide to holders?

What is NOT an example of a utility token?

How do utility tokens work?

What is NOT a use of a utility token?

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