Comment/Recommendation

• You have effectively used your own terminology to define the concept of token exchange and have correctly explained the consequences for this group of tokens when creating the final tokens.

• You have clearly explained the reasons why blockchain platforms carry out such exchange operations and confirmed that the fundamental nature of this operation when launching a blockchain essentially depends on its objectives.

• You offered a clear explanation of how many blockchains perform token swaps to generate their final tokens, as well as for various other related projects.

• You mentioned that the Steem Blockchain experiences a typical token swap, but this involves a hard fork that spawns a new HIVE token, and you described the process.

• You have acknowledged the existence of risks associated with the use of the exchanged tokens and have provided interpretations of these risks.

In summary, you have written a commendable article that demonstrates your commitment to thorough research to answer the questions posed.

Total| 9/10