Fungible and Non-Fungible Tokens Quiz

What are fungible tokens?

• Easily replicable and counterfeit, like digital files

• Only used in specific industries, like healthcare or technology

• Unique and non-interchangeable, like rare collectibles

• Interchangeable and identical to each other, like currency or commodities

Can fungible tokens be exchanged for another token of the same type?

• Maybe

• Only on weekends

• No

• Yes

Give an example of a fungible token.

• Bitcoin

• Ethereum

• Litecoin

• Ripple

Do fungible tokens have unique properties?

• Sometimes

• Depends on the type of token

• No

• Yes

What are non-fungible tokens?

• Unique digital assets that cannot be exchanged on a like-for-like basis

• Virtual tokens that can be exchanged for physical goods

• Physical tokens that can be exchanged for digital assets

• Digital currencies that can be exchanged for other digital currencies

Can non-fungible tokens be exchanged for another token of the same type?

• Yes, always

• Yes, but only in certain cases

• No

• Yes, if the tokens are from the same year

Give an example of a non-fungible token.

• CryptoKitties

• Litecoin

• Bitcoin

• Ethereum

Are non-fungible tokens interchangeable?

• No

• Only on weekends

• Sometimes

• Yes

Do non-fungible tokens have unique properties?

• Not sure

• Yes

• Maybe

• No