A gaming studio wants to issue in-game collectible items that are unique, can be traded between players, and must be verifiable as authentic on-chain. They also want to distribute a separate token to reward active players, where each reward unit is identical and divisible. Which pair of token standards should the studio use for the collectibles and the reward token, respectively?

ERC-1155 for collectibles and ERC-721 for rewards

ERC-1155 for both collectibles and rewards

ERC-721 for collectibles and ERC-20 for rewards

ERC-20 for collectibles and ERC-1155 for rewards

A real estate company wants to tokenize a commercial building to allow fractional ownership. Each token will represent a share of the property, and token holders will receive rental income proportionally. The company also wants to ensure compliance with securities regulations. Which approach best meets these requirements?

Issue ERC-20 tokens that represent shares and register them as security tokens with the relevant authority.

Issue ERC-1155 tokens with each token representing a different floor of the building.

Issue ERC-721 tokens, one per investor, to represent their ownership stake.

Create a private blockchain and issue tokens without any regulatory filing to avoid compliance costs.

A company is issuing a token that gives holders the right to vote on protocol upgrades and also provides a discount on transaction fees. The token does not pay dividends. Which classification best describes this token?

Governance token with utility features

An artist wants to sell a limited series of 100 digital prints, where each print is identical in value and interchangeable with any other print from the series. However, the artist also wants to sell a one-of-a-kind digital masterpiece. Which token standard should be used for the prints and the masterpiece, respectively?

ERC-721 for prints and ERC-20 for the masterpiece

ERC-1155 for both prints and the masterpiece

ERC-20 for prints and ERC-721 for the masterpiece

ERC-721 for both prints and the masterpiece

EC-CouncilBlockchain Developer Certification

Domain 4Objective 4

Types of Tokens and Digital Assets BDC Practice Questions (Page 2)

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

36questions here

8free pages

6concepts

Questions 6–10

6application · medium
A gaming studio wants to issue in-game collectible items that are unique, can be traded between players, and must be verifiable as authentic on-chain. They also want to distribute a separate token to reward active players, where each reward unit is identical and divisible. Which pair of token standards should the studio use for the collectibles and the reward token, respectively?
Select an answer first
7application · medium
A real estate company wants to tokenize a commercial building to allow fractional ownership. Each token will represent a share of the property, and token holders will receive rental income proportionally. The company also wants to ensure compliance with securities regulations. Which approach best meets these requirements?
Select an answer first
8application · medium
A company is issuing a token that gives holders the right to vote on protocol upgrades and also provides a discount on transaction fees. The token does not pay dividends. Which classification best describes this token?
Select an answer first
9foundation · easy
Which type of token is most commonly associated with representing ownership of a unique digital asset, such as a specific piece of digital art?
Select an answer first
10application · medium
An artist wants to sell a limited series of 100 digital prints, where each print is identical in value and interchangeable with any other print from the series. However, the artist also wants to sell a one-of-a-kind digital masterpiece. Which token standard should be used for the prints and the masterpiece, respectively?
Select an answer first

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Types of Tokens and Digital Assets BDC Practice Questions (Page 2)

Questions 6–10

A company is issuing a token that gives holders the right to vote on protocol upgrades and also provides a discount on transaction fees. The token does not pay dividends. Which classification best describes this token?

Which type of token is most commonly associated with representing ownership of a unique digital asset, such as a specific piece of digital art?

Keep studying — Cryptomining, Tokenization, and Digital Assets