- The benefits of Web 3.0 is that it triggers a new economic system where a lot of small projects would be able to compete with Tech Giants and directly capture the value in the Protocol, unlike http, tcp, which didn’t. Like Ethereum is capturing the value for all Smart contracts or DApps built on top. Things have even change since June19, since « Compound » application has been gaining most of Eth uses in the last 6 months.
- A token in Ethereum platform is an Essential tool to allow Ethereum users to build completely independent and decentralised Economics for there project and capture inflation within Ethereum blockchain.
- You create a token by building a smart contract that will manage your « tokenomics » only within the standard that you will choose depending on your needs and how gouvernance is to be addressed. Either it is decentralised or simply immutable or both.
1 Like
Possible to capture value at the protocol level.
A token is a digital asset created on an ethereum or other blockchain.
by using smart contract
1 Like
-
What are the benefits of web 3.0 (decentralized internet)?
It breaks the monopoly of large companies with a decentralized economically incentivised innovators. -
What is a token?
A cryptocurrency or digital asset that is developed using smart contracts on platforms such as Ethereum, EOS, NEO or others -
How do you create a token on Ethereum?
Writing a smart contract on Ethereum to create and issue them.
1 Like
- web 3.0 gives small companies the opportunity to compete with the internet giants, you can cut the middle man
- a token is a cryptocurrency/digital asset created on the top of Ethereum by a smart contract
- a token can be created using a smart contract on Ethereum
1 Like
-
- What are the benefits of web 3.0 (decentralized internet)?
We can now add value at the protocol level of application. These will us new business models that would not have been avaliable with the limitations on web 2.0.
- What is a token?
Digital money used to represent dapps.
- How do you create a token on Ethereum?
By creating smart contracts on Solidity.
1 Like
- In web 2.0 all the benefits went to the application on the protocol. The protocol itself wouldn’t have been a good investment even though it is the essential part of web 2.0. In web 3.0 there is an incentive to be an early adopter of the base layer as well which helps the network to grow quickly.
- A token is a fungible or not fungible (nft) digital asset created on the Ethereum or other blockchain. I understand it as such that a base layer protocol is considered a coin will a digital asset built on a coin is a token.
- I create a smart contract on ethereum. using f. ex Erc20 or Erc1155 code
1 Like
- Small companies are able to compete on the market with giant corporations by giving away rewards to influence an adoption and get more users.
- Cryptocurrencies on top of Ethereum network to represent value asset.
- Via smart contract on top of the Ethereum network.
1 Like
-
The benefits are that small companies could compete with big giants against monopoly. This can be achieved with early adopters who interested in the increased value of the token that they hold and therefore they’ll be contributing in the project / token / company.
-
A token is a currency built on top of Ethereum.
-
You create a token using a smart contract and ERC20 standard.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
The benefits of a decentralised internet are: innovation, lower barriers to entry, increase in competition, leading to economic growth in industries that have been dominated by large international corporations i.e Google Facebook etc
-
What is a token?
A token is a fungible or non-fungible programmable digital asset that represents value on a blockchain protocol -
How do you create a token on Ethereum? By utilizing the protocol standards of ERC20 in creating a smart contract and associated tokens
1 Like
- Fewer middlemen, more privacy over your data, Economic rewards
- A fungible or non fungible smart contract created on a blockchain network.
- By Creating a smart contract you can create tokens using standards such as ERC 20
1 Like
1.-Money as another dimension of the internet without intermediaries
2.-Unit of value in the blockchain
3.-A token can be coded using smart contracts
1 Like
1 As for the old bank system, this can be an exit way to the monopoly colossus like FB,google and the alike.It’s even possible to get rewarded (and hopefully not to have our data stolen) using decentralized websites and platforms especially in the first period of their life when there aren’t too many users.
2 A token is smart contract built (much probably) in the ethereum system that has the value and functionality of a coin or cryptocurrency.
3 You create that by programming a SC (smart contract) using ERC20.
1 Like
-
These are the benefits of web 3.0 (decentralized internet): Web 3.0 gives us the opportunity to post things on social media and like what others post. These practices contribute to the overall network. It is like giving out free money. These rewards are based on inflation.
-
A token is a fungible or non-fungible asset of Ethereum. They provide standards on which we create new applications.
-
To create a token on Ethereum, you have to use Ether currency to pay for Gas. You use this Gas to create dapps. These dapps then allow you to create your token and advance to the beginning stages of making your new application.
1 Like
1. What are the benefits of web 3.0 (decentralized internet)?
-
Smaller companies can compete with larger corporations due to the fact that micro economies can be created through tokens, and users can be incentivized to join as early adopters are rewarded the most through inflationary distribution models.
-
Value lies in the protocol itself, unlike Web 2.0. Instead, with Web 3.0, power and ownership is taken away from the corporations that dominate the internet today
-
Removes middlemen
2. What is a token?
It is a fungible or non-fungible digital asset of value.
Tokens are essentially derived from the base cryptocurrency/coins.
3. How do you create a token on Ethereum?
Most tokens are built on SC networks.
It is easier to follow standards such as ERC20 for fungible tokens and ERC721 & ERC1155 as this allows for interoperability. For example, if a token is created using the ERC20 standard, it can be immediately read by wallets and exchanges.
1 Like
- We as users can get paid for our time and attention.
- A token is defined in a Smart Contract. It can be programmed to do things.
- You can use the ERC20 contract. There are other contracts you can use too.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
It gives new start-ups or small companies a way to compete with big corps by adding incentives to the system and reward users when they contribute to their company or website. - What is a token?
Cryptocurrency(Digital assets) - How do you create a token on Ethereum?
You create a token with smart contracts written with solidity using ERC20
1 Like
What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 created a structure that allowed for a token economy. The is a financial incentive for the users to use these websites or dapps.
What is a token?
A digital asset created on a smart contract.
How do you create a token on Ethereum?
A token is created on Ethereum by creating smart contracts using Ethereum EVM standard code functions.
1 Like
- What are the benefits of web 3.0 (decentralized internet)?
Benefits of web 3.0 include
-greater transparency
-a movement towards greater decentralization and peer to peer exchanges
-greater privacy and date ownership
-incentivization for contect creators
-greater value capture from the protocol networks
- What is a token?
A token represents an asset or utility; tangible or in tangible… In the context of crypto, a token is a smart contract written on a blockchain protocol. Tokens can be held and transfered.
- How do you create a token on Ethereum
To create a token on Ethereum, one would write a smart contract, following ERC20 standard protocols, and then deployed on the ethereum blockchain.
1 Like
Excellent answer sir! really well documented! keep it like that please! 
Carlos Z.
3. How do you create a token on Ethereum
By programming an smart contract with the ERC20 Standard features. (that’s the one who define how to build a token, or the rules you must follow to).
If you have any doubt, please let us know so we can help you! 
Carlos Z.