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The benefits of the web 3.0 allows reward to be passed down directly to the user or the person providing completion of a smart contract. The smart contracts remove the middle man and deposits tokins/value into the pocket of that “said” person. This gives the incentive to bring attention to that space.
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A token is created off of a smart contract and the token represents value like currency and is created off of a smart contract platform.
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A token can be created on Ethereum or other smartcontract platforms by using each smart contract.
ERC20, ERC721, and ERC1155.
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- Web 3.0 removes central authorities and provides incentives to early adopters who are using new platforms. Without central authorities, users who are actively participating in platforms by creating or engaging content will be compensated.
- A token is a digital asset developed using a smart contract. This smart contract is deployed on the Ethereum network that can be tokenized. There are two types of tokens such as fungible and non-fungible.
- A token is created by implementing the back-end functions in a smart contract using Solidity. These functions are based on token standards such as ERC20, ERC721, and ERC233.
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- What are the benefits of web 3.0 (decentralized internet)?
The real value is in the code in web 3.0 so if anything on the ETH platform is successful and get major adoption the ETH will also get much more adoption.
- What is a token?
A token is the currency of a smart contract. ETH is the native currency and all tokens build on the platform of ETH is only tokens.
- How do you create a token on Ethereum?
Your create a token based on the ERC 20 Standard. This coin will be totally interchangeable on the ETH platform.
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What are the benefits of web 3.0 (decentralized internet)? The benefits of Web 3.0 are the creation of a Token Economy in which all people can trade and exchange on a common network of many fungible tokens and earn money tokens for participating.
- What is a token? A token is a fungible asset that is created with a limited total supply and a value that can be exchanged between persons.
- How do you create a token on Ethereum? By using a Smart Contract Dapp to reward participants who engage in a system and exchange resources.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3 incentivises early adoption by paying out more tokens per user, thus bringing more competition to face the big Internet monopolies. The values go to the protocol. -
What is a token?
It is a fungible och non-fungible coin handled by a smart contract code on Etherium or similar. -
How do you create a token on Ethereum?
Make a SC and use a standard like ERC-20 or ERC-777 to be able to connect with common wallets as well as gas to power it so that it is not tampered with.
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More intuitive programs can be created and newer technologies can be adapted to present day models such as Google or Facebook.
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A token is a currency within a smart contract. for example, if a smart contract is dispersing currency for a task completed, a token would be rewarded same as if you got paid to complete a “task”
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You create a smart contract or Dapp ontop of the Ethereum blockchain.
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Small companies or start-ups have better chances to compete with bigger companies since early adopters are rewarded with tokens for their generated content and it makes the company grow. As the company grows rewards are smaller but the value of the company increases. The benefit is for both users and new companies. It is also an opportunity for protocols to win value and not only applications like in Web 2.0.
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A Token is a fungible or non-fungible (NFT) digital asset and cryptocurrency with value per unit. It is created as a smart contract to offer a specific function on Ethereum or other blockchain network (not Bitcoin).
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By creating a smart contract on Ethereum using Solidity programming language and a token standard like ERC20.
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- The value of Web 3.0 is about capturing value at the protocol level and not like it was in Web 2.0 that only big companies were the main beneficiary. Here the most funds are granted/using as a reward for people linked to protocol.
- Token is an digital assets, can be fungible or not fungible created on Etherium in majority of cases (EOS etc).
- Tokens are created by implementing smart contracts.
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- What are the benefits of web 3.0 (decentralized internet)?
-Web 3.0 introduces a decentralized internet where smaller companies can now form their own cryptocurrencies, economic model, and compete w/ large corporations.
- What is a token?
-Tokens operate on top of a blockchain that facilitates the creation of decentralized apps.
- How do you create a token on Ethereum?
- ERC20 and smart contracts.
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Homework on Web 3.0, and Tokens - Questions
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What are the benefits of web 3.0 (decentralized internet)?
Both the creators of the early protocol (ethereum founders) and the people who build on top of it can benefit, it is also decentralized and harder to shut down and also opens the internet to free market so smaller companies can compete on a level playing-field. -
What is a token?
A token is like a cryptocurrency coin but on eth (or some other blockchain) -
How do you create a token on Ethereum?
There are many ways but the best is to make it using the ERC20 standard.
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What are the benefits of web 3.0 (decentralized internet)?
Decentralization.
Users get incentives for interacting with the network.
Useful content gets rewarded thus forcing next piece of content to be as much if not more useful than previous. -
What is a token?
A unit of value that is used in a specific ecosystem. -
How do you create a token on Ethereum?
Through a smart contract.
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- It provides a way of allowing small businesses to compete with the current giant monopolies by incentivizing early adopters who will be rewarded with tokens for their efforts - these tokens will be cheaper in the early stages so as the network grows and the network value increases, the early adopters will be the ones to participate in most of the growth. With web 3.0 the users get rewarded for their contributions, rather than giant companies monopolizing all the value provided by users.
- A token is a cryptocurrency built on top of a platform that enables smart contracts.
- A token can be created on Ethereum using smart contracts and following the relevant ERC standard, depending on whether the token is fungible or non-fungible.
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What are the benefits of web 3.0 (decentralized internet)?
-most value is on a protocol level, the more tokens build on protocol the more valuable it is
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What is a token?
-a currency of protocol or dapp
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How do you create a token on Ethereum?
-by using Ethereum’s protocol and its ERC20 token standard
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- What are the benefits of web 3.0 (decentralized internet)?
A: because you can now have decentralized and centralized websites, users can now capture the value of their contribution to the network instead of centralized corporations like facebook and google. the majority of the value is now placed in the hands of the developers and the base layer protocol instead of the apps built on top. - What is a token?
A: a token is a cryptocurrency that operates on a smart contract/ Decentralized application built on top of a blockchain network like Ethereum - How do you create a token on Ethereum?
A: you would make your own smart contract/ Dapp on top of the Ethereum network and your Dapp would have its own little economy in which it would use it’s own cryptocurrency/ token.
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Very thorough info, I really enjoyed reading it.
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1-Early adopters are incentivized with money/tokens.Also content is not censored easily (cannot be changed).Overall increased competition.
2-A token is programmable digital asset that can be either fungible or non funbible.
3-A token on Ethereum is created with a smart contract using ERC20 standards. ETH is necessary to pay for gas.
Thank you very much for the feedback! 
- What are the benefits of web 3.0 (decentralized internet)?
The value is also on the protocol level and not only the apps captures all the value.
smaller companies will be able to compete with larger corparations.
- What is a token?
A token is a digital asset created with a smart contract, programmed onto a blockchain
- How do you create a token on Ethereum?
with a smart contract programmed onto the ethereum blockchain (ERC20)
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The protocols that allow websites and apps to function have value because they keep the ecosystem running.
A token is what is used to pay for gas fees and transaction fees. Represents the value of the cryptocurrency.
You can program a token using solidty and creating a smart contract.
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- What are the benefits of web 3.0 (decentralized internet)?- gives everyone opportunity
- What is a token? something built on top of a blockchain
- How do you create a token on Ethereum? easily, there are programs or just go to github repository and just copy paste and deploy as new code. of course you would need to change only 1 thing to make it “different”.
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