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Blockchain CBSA Exam - Topic 7 Question 84 Discussion

Posted by Leslie on Feb 07, 2025 at 04:45 AM

There are two types of tokens in blockchain solutions. (Select two.)

Suggested Answer: D

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31 comments · newest first
TR
Tracey 11 months ago
Legal tokens? Never heard of that before!
BR
Brynn 11 months ago
I thought Financial tokens were a thing too?
KI
Kimberlie 11 months ago
Wait, are there really only two types? Seems too simple.
CH
Chaya 12 months ago
Totally agree, Utility tokens are super common.
CA
Caprice 12 months ago
Utility and Equity are the main types!
YU
Yuette 12 months ago
I practiced a question similar to this, and I think utility and financial tokens were the answers, but I could be mixing it up.
MI
Mireya 1 year ago
I feel like financial tokens might be a thing too, but utility seems more certain.
JI
Jillian 1 year ago
I remember studying about legal and utility tokens, but I can't recall if equity tokens were mentioned as a type.
TI
Tish 1 year ago
I think utility tokens are definitely one of the types, but I'm not sure about the second one.
MO
Mozell 1 year ago
This is a tricky one. I'm pretty sure Legal and Utility are the two correct options, but I want to double-check my understanding before submitting my answer.
JO
Jospeh 1 year ago
Okay, let me see. I remember learning about utility tokens and security tokens, which would include equity tokens. So I'll go with Utility and Equity for this question.
PA
Pansy 1 year ago
Hmm, I'm a bit unsure about this one. I know there are different types of tokens, but I can't quite remember the specific categories. I'll have to think this through carefully.
CA
Carissa 1 year ago
I think the two types of tokens in blockchain solutions are Utility and Financial. Those seem like the most relevant options based on the question.
HA
Harrison 1 year ago
Hmm, let's see... Legal, Utility, and Totally-Not-a-Scam. That's my final answer!
CA
Caitlin 1 year ago
Hold up, where's the 'Cryptocurrency' option? That's gotta be one of the two, right? Blockchain is basically just digital money, right?
MA
Margot 1 year ago
↳ replying to Caitlin
B) Utility
ST
Stefany 1 year ago
↳ replying to Caitlin
A) Legal
NA
Naomi 1 year ago
I've got a gut feeling that Utility and Equity are the right answers. Guess I'll have to roll the dice on this one.
JE
Jenelle 1 year ago
↳ replying to Naomi
B) Utility
AL
Alverta 1 year ago
↳ replying to Naomi
A) Legal
KI
Kindra 2 years ago
Hmm, I was thinking Legal and Equity, but I guess that's more for traditional finance. Time to brush up on my blockchain knowledge!
IL
Ilene 1 year ago
↳ replying to Kindra
D) Financial
SH
Sheldon 1 year ago
↳ replying to Kindra
C) Equity
EL
Elina 1 year ago
↳ replying to Kindra
B) Utility
WH
Whitney 1 year ago
↳ replying to Kindra
A) Legal
BE
Ben 2 years ago
I'm pretty sure it's Utility and Financial. Those seem like the obvious blockchain tokens to me.
GL
Glenn 1 year ago
↳ replying to Ben
B) Utility
LE
Leah 1 year ago
↳ replying to Ben
A) Legal
AY
Ayesha 2 years ago
I'm not sure about Equity tokens, but I know Legal tokens are not one of the options.
KA
Kayleigh 2 years ago
I agree with Thora. Utility tokens are used to access a product or service, while Financial tokens represent an asset.
TH
Thora 2 years ago
I think the two types of tokens are Utility and Financial.
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