An NFT marketplace is considering whether to enforce royalties for creators on secondary sales. They want to support creators but also attract traders who prefer low fees. Which approach best balances these competing interests?

Eliminate royalties entirely to attract traders.

Implement optional royalties that sellers can choose to include, with a marketplace default that encourages royalties.

Use a fixed fee that is split between the platform and creators.

Enforce mandatory royalties on all secondary sales.

A startup wants to raise capital by issuing digital tokens that represent ownership in the company and pay dividends. The startup plans to sell these tokens to the public. What must the startup consider?

The tokens are utility tokens and can be sold without any regulatory oversight

The tokens are likely securities and must comply with securities regulations, including registration or an exemption

The tokens are payment tokens and only need anti-money laundering compliance

The tokens are asset-backed tokens and require a physical asset to back them

A real estate firm wants to tokenize a commercial property to allow fractional ownership and pay dividends to token holders. The firm expects the token to be regulated as a security. Which token type and distribution approach should the firm use?

Governance token that only votes on property management decisions

Utility token sold publicly to raise funds for property maintenance

Security token offered via a regulated private placement to accredited investors

Payment token used to pay property taxes and maintenance fees

What is the primary function of a governance token?

To serve as a medium of exchange for everyday purchases

To provide access to a platform's services

To grant holders voting rights on protocol decisions

To represent ownership of a physical asset

EC-CouncilBlockchain Business Leader Certification

Domain 3Objective 4

Types of Tokens and Digital Assets BBLC Practice Questions (Page 8)

Part of the Consensus, Cryptomining, and Token Economics domain, which makes up ~13% of our current practice bank.

43questions here

9free pages

8concepts

Questions 36–40

36foundation · easy
Which type of token is designed primarily to function as a medium of exchange for transactions and value transfer?
Select an answer first
37expert · hard
An NFT marketplace is considering whether to enforce royalties for creators on secondary sales. They want to support creators but also attract traders who prefer low fees. Which approach best balances these competing interests?
Select an answer first
38application · medium
A startup wants to raise capital by issuing digital tokens that represent ownership in the company and pay dividends. The startup plans to sell these tokens to the public. What must the startup consider?
Select an answer first
39application · medium
A real estate firm wants to tokenize a commercial property to allow fractional ownership and pay dividends to token holders. The firm expects the token to be regulated as a security. Which token type and distribution approach should the firm use?
Select an answer first
40foundation · easy
What is the primary function of a governance token?
Select an answer first

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