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There is another dynamic on the web, the capture of value happens at a protocol level and not only in the applications built on top of it.
There is a real possibility to exchange and benefit directly (peer to peer) and to compete against big corporations. -
A token is a representation of an asset or utility that operates on top of a blockchain.
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By using a smart contract.
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- Creators and user of web 3.0 will receive compensation for using
- Tokens are virtual assets that reside on top of a blockchain, they may be fungible or non-fungible.
- your create a token through a smart contract
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1. What are the benefits of web 3.0 (decentralized internet)?
The value is captured at the protocol level, allows more content creators, pivot away from the megalith apps that captured value on web 2.0, more options for content, more incentivized to create value, early adaptors will be rewarded
2. What is a token?
A digital asset that operates on a blockchain protocol
3. How do you create a token on Ethereum?
By using a SC
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- Web 3.0 allows the technology to provide incentive to users who are adopting a new technology. this can be done through the means of token issue
2.A token is a holder of value in the application/use of smart contracts. The way the tokens are issued/held or destroyed is specified by the smartcontract and may vary between various tokens - a token is created as part of a smart contract. The characteristics of this token are also described (how many there are, how they are issued and possibly how they are destroyed as part of the smart contract execution). There are various token standards, the most popular ones of which are ERC20 and ERC721
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- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 allows ear;u adopters or users of decentralized application (dapps) can gain coins/tokens as returns. It is their financial incentive to be the first adopters and then promote it to increase the value of the project. - What is a token?
A token is programmable money that is built on top of blockchain. It is a cryptocurrency that has a smart contract integrated into. - How do you create a token on Ethereum?
It is created using a smart contract and executed on the Ethereum network. It is programmed using the programming language Solidity.
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- The protocol level is able to capture the value rather than the application level. This allows small companies to compete with giants companies.
- A value or asset which has been built on top of Ethereum.
- Build it by smart contracts on top of Ethereum.
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decentralised internet without central watchdogs, without gathering power and performance around few giant non-transparent entities like Google etc. Involvement of investors and value concentration on protocol level instead of closed source applications. Broader and fairer opportunities for regular people and startups to promote their content. Rise of open source, p2p, privacy …
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token is a basic data/value unit of dapp ecosystem built on (Ethereum) blockchain.
there are fungible and non-fungible tokens. -
when you program a smart contract/create a dapp where subjects can exchange, send,receive tokens within your application. It is basically monetary unit that powers any incentives within your dapp/smart contract. It is built respecting certain standards of the blockchain (ERC-20) so entities like wallets and exchanges can interact with this token.
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- Dapp programming allows smaller companies and early adopters to be profitable also in the long run and compete with big industry. Without intermediaries it creates an open web economy.
- A token is a non fungible digital unit based on specified token standards that run on smartcontracts on top of a blockchain.
- Tokens are created though a token smart contract under the usage of specified functions.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 is the decentralized web. It allows us to transact value through the internet without a third party or intermediary.
What is a token?
a token is an asset built on Ethereum that serves a function or utility on a dapp
How do you create a token on Ethereum?
A token can be created via a smart contract
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1. What are the benefits of web 3.0 (decentralized internet)?
Monetization of the protocol is possible, in comparison with the free ones used today in Web 2.0. The value is transferred from the applications to the networks.
2. What is a token?
All the smart contracts build on top of ETH can have its own token. It is a form of form of money programmed in Solidity.
3. How do you create a token on Ethereum?
One method is by creating a smart contract on top of ERC20 standard and by allocating a fixed total supply using the balance of an address account.
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In web 3.0 the most of the value is in the protocol, you don’t only have centralized but also a lot of decentralized websites and dapp’s.
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Tokens are smart contracts on top of the technical platform which can represent their own cryptocurrency.
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On Ethereum tokens are created by using smart contracts.
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- What are the benefits of web 3.0 (decentralized internet)?
- What is a token?
- How do you create a token on Ethereum?
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The internet will become less monopolised as more people are incentivised to be more innovative. Since the value can be captured by those who create the protocols, newer protocols will be created to benefit people in new and exciting ways in order to corner a share of the market - resulting in even more innovation and decentralisation and the flow on efect keeps going - then all of a sudden we’re interneting in ways that can’t even be imagined by us mere mortals in 2020…and yes, I just said interneting.
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A token is a unit of value in a Smart Contract - this could be a fungible token that can be exchanged or it could be a non-fungible token (NFT) that might be used in a game for example.
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A token can be created on Ethereum by implementing a Smart Contract and stipulating the rules that govern that tokens creating and existence.
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What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 will have a system built in to encourage posting content with financial rewards based on positive feedback. This should have the effect of moving control away from large centralised platforms like facebook.
What is a token?
A token is a smart contract that runs on Etheruem/EOS that can be used to buy/sell.
How do you create a token on Ethereum?
Create a smart contract that implements ERC20.
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- web 3.0 has Dapps (smart contracts + websites, …) so value can go to the user instead of the application
- a token is a smart contract build on the ethereum platform
3)you build a smart contract on the platform using ecr20 or another
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- What are the benefits of web 3.0 (decentralized internet)?
- Uncensorable, content is not removable. A good example is how popularity of LBRY grows as Youtube enforces censorship.
- Users who bring value to a platform, also get some value back as the platform grows. At the beginning tokens are cheap and there are few users / low competition, so you can get a lot of tokens easily. As popularity grows, the rewards get lower and tokens get more expensive (supply/demand). So, get them early and hodl.
- What is a token?
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A token is a special frame that is passed from node to node around a ring network. When it gets to a node that needs to transmit data, the node changes the token into a data frame and transmits it to the recipient. This is from the internet
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As I see it, a token is:
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- Fungible token - a cryptocurrency built for specific purpose, like exchange of value within a platform (Steemit, LBRY, Minds);
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- Non-fungible token - a measure of value in an application, for example, a game. Each token can do its own thing. Like in Monopoly, you have some green houses and some red houses.
- How do you create a token on Ethereum?
- By a smart contract.
- For fungible tokens, use ERC 20 standard.
- For non-fungible, use ERC 721 or ERC 1155.
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1.Web 3.0 benefits are early adopters can make money, gives smaller companies a chance to complete with the Facebook and Googles of the world, and best of all eliminate the middle man.
2. ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens or transferred to a crypto-wallet.
3. A token can be created by a programming a Smart Contract on the ETH network.
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The major benefits to web 3.0 is the fact that wealth across the web will be a lot more diversified and spread throughout the community. It has the potential to allow start ups to compete with big corporations and allows us to decide which economic models we prefer to use rather than follow the mainstream structures in place.
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A token is a user made smart contract that represents its own currency and economic model, built on top of an existing cryptocurrency platform.
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A token is made by creating a smart contract using the platforms programming language (eg Solidity) that encompasses specific instructions that make up a preferred economic model along with its own currency, the token.
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- The protocol will capture most of the value instead of the centralized applications. Through network effect and tokens, those who create and participate will be rewarded. This creates a much more fair and decentralized way to do things.
- A token is a programmable asset, it is similar to a coin but its main difference is it is built on an EXISTING blockchain. A coin is built on its own blockchain.
- To create a token on Ethereum you would write a smart contract. Most likely language would be Solidity or Viper.
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- What are the benefits of web 3.0 (decentralized internet)?
Small companies can compete with big ones like FB and Google if they get followers and if they can grow as a network.
Early users are incentivized to use the platform by getting high number of tokens which will decrease by time. The token price will increase by time/popularity.
Another benefit would be that there are a lot of open code applications you can use as a builder.
- What is a token?
It’s a smart contract built e.g. on top of Ethereum as a token, fungible or not.
- How do you create a token on Ethereum?
You program it on top of Ethereum with Solidity using e.g. standard ERC20 for fungible ones and e.g. ERC721/ERC1155 for non fungible ones often used in gaming.
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Excellent answer sir! really well documented! keep it like that please! 
Carlos Z.