Tokens, Wallets, NFT's

Question 1

Crypto Token

Answer 1

store value BTC, LTC incentivize others to process/mine transactions

Question 2

Utility Token

Answer 2

ICO bubble was Utility tokens Eth how demand will their be for the network/software

Question 3

Governance Token

Answer 3

protocols are run by protocol holders voting

Question 4

Income Token

Answer 4

fee goes to token holders

Question 5

Hybrid Token

Answer 5

combination of token types

Question 6

Security Token

Answer 6

representation of real asset tezos, ravencoin

ERC20/721

Question 7

Why issue a token

Answer 7

“paperwork” is built into code Real Estate
easier administration/distribution of funds
KYC/AML rules are embedded
creates marketplace

Question 8

Web 1

Answer 8

Beginning of internet, email, chat rooms buy from eBay

Question 9

Web 2

Answer 9

Interaction, Social Media, Youtube

can profit from content

Question 10

Web 3

Answer 10

individual control
Wallet is in control of where $ goes into action
PHI all held on your token
Individual controls data, not the market

Question 11

Web 3 Wallets

Answer 11

allows you to interact w/ blockchain/protocols

Question 12

Protocol/Wallet Interaction

Answer 12

make sure URL is accurate uniswap
swaps take several smart contracts=gas fees
you’ll have to sign in multiple times to interact

Question 13

Income/Yield

Answer 13

incentivize to put $ into lending pool
providing (staking) liquidity for borrows=income for me lending, insurance,
$ into USDC into LP Lending Protocols, staking insurance, etc

Question 14

investing research

Answer 14

determine risk, how to hedge, protocol viability, liquidity, cyber risk, insurance claims

Question 15

Liquidity Mining

Answer 15

incentivizing others to stake into protocol pool, in exchange for tokens. The longer the stake, the more tokens earned = compound roi

Question 16

FT Fungible Token

Answer 16

they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin

Question 17

NFT

Answer 17

one token is not the same as the other

NBA Top Shots, Cryptokitties, Board Ape Yacht Club

exist on BChain, verifiable,
licensing rights - if NFT is used, you get royalty payments

Memberships, Tickets, Music, Movies, Books, Sports cards

own a piece of song and get paid royalties

Title: Home, Auto, Insurance, degrees

Question 18

DAO

Answer 18

a software running on a blockchain that offers users a built-in model for the collective management of its code. DAOs differ from traditional organizations managed by boards, committees and executives.

connect wallet and token to vote

Question 19

Treasury

Answer 19

the DA or tokens in the DAO

Question 20

Investment DAO

Answer 20

people connect wallets to DAO wallet (Treasury)
create rules (what we’re going to buy)
Tokens issues to represent ownership/voting%
Tokens could be used on secondary market

Question 21

Organization DAO

Answer 21

non-profit

grow value of treasury, issue Tokens

Question 22

Protocol DAO

Answer 22

code on BChain - launch protocol - issue token - paid to users
token holders determine protocol rule changes

Question 23

Airdrops

Answer 23

award for past use (kind of like a retroactive dividend)

create airdrop based on snapshot. hackers will airdrop tokens

Question 24

snapshot

Answer 24

lookback at a specified timeframe

Question 25

Other Layer 1’s

Answer 25

L1 - original protocol Solana, Avalanche, Fantom, Terra

L2 - built on a protocol