Types of Tokens and Digital Assets BBLC Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   A gaming company wants to create digital collectibles that are unique and can be traded among players. Each collectible should have distinct attributes and provenance. Which token type should the company use?

   • AFungible tokens that are interchangeable and have no unique attributes
   • BNon-fungible tokens (NFTs) with metadata that records each item's unique attributes and ownership history
   • CUtility tokens that grant access to the game
   • DAsset-backed tokens pegged to a fiat currency
   Reveal Solution Discussion Select an answer first
2. 27expert · hard

   A company wants to tokenize a portfolio of income-generating real estate assets. The token will pay dividends to holders. The company is considering two approaches: (1) issuing a security token under a regulated exemption, or (2) issuing a utility token that also pays dividends. Which approach is more appropriate?

   • AIssue a payment token that pays dividends, because it is used for transactions
   • BIssue a utility token that pays dividends, because it will avoid securities regulation
   • CIssue a security token under a regulated exemption, because the token represents an investment contract
   • DIssue a governance token that pays dividends, because it gives voting rights
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A real-estate firm wants to tokenize a commercial property, selling digital shares that entitle holders to rental income and capital appreciation. They plan to offer these tokens to retail investors in a jurisdiction with strict securities laws. What is the most appropriate classification and compliance approach?

   • AClassify as utility tokens because they represent a claim on a real-world asset.
   • BClassify as non-fungible tokens because each share is unique.
   • CClassify as security tokens and register them with the relevant securities regulator.
   • DClassify as payment tokens because they facilitate value transfer.
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   A blockchain project issues a token that provides holders with a claim on future profits generated by the project. According to common token taxonomy, which type of token does this represent?

   • AGovernance token
   • BPayment token
   • CSecurity token
   • DUtility token
   Reveal Solution Discussion Select an answer first
6. 30application · medium

   A cloud-computing blockchain project wants to create a token that users must stake to access computing power. The team also wants to reward long-term stakers with voting rights on network upgrades. Which token design best satisfies both requirements?

   • AA payment token that users spend for computing power.
   • BAn NFT that represents a unique computing resource.
   • CA security token that represents ownership in the cloud infrastructure.
   • DA utility token that is also used for governance, with staking required for access.
   Reveal Solution Discussion Select an answer first