A tokenized loyalty program issues points to customers. When a customer returns a product, the company wants to remove the points that were awarded for that purchase. Which lifecycle action should be used?

Mint new points to offset the returned product

Burn the equivalent number of points from the customer's balance

Transfer the points back to the company's treasury

EC-CouncilBlockchain Developer Certification

Domain 4Objective 3

Tokenization BDC Practice Questions (Page 7)

Part of the Cryptomining, Tokenization, and Digital Assets domain, which makes up ~10% of our current practice bank.

32questions here

7free pages

5concepts

Questions 31–32

31application · medium
A tokenized loyalty program issues points to customers. When a customer returns a product, the company wants to remove the points that were awarded for that purchase. Which lifecycle action should be used?
Select an answer first
32application · easy
A company is tokenizing a commodity like gold. Each token represents one gram of gold and is interchangeable with any other gram. Which token standard is most appropriate?
Select an answer first

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Tokenization BDC Practice Questions (Page 7)

Questions 31–32

A tokenized loyalty program issues points to customers. When a customer returns a product, the company wants to remove the points that were awarded for that purchase. Which lifecycle action should be used?

A company is tokenizing a commodity like gold. Each token represents one gram of gold and is interchangeable with any other gram. Which token standard is most appropriate?

Keep studying — Cryptomining, Tokenization, and Digital Assets