- Web 3.0 gives opportunity to protocols to capture value, and it gives incentives to early adopters to benefit for using it. Web 3.0 also brings money as a layer on the top of internet, and it removes middle man and central authorities don´t capture all the value.
- Token is a digital representation of an asset or utility on the blockchain, it is programmable smart contract that is created using set of standards.
- By using smart contract using a certain standard like ERC-20.
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- Allows developers to get rewarded for innovation through their Dapps, challenges the monopoly of large organisations. Allows niche economic models such as Steemit. Allows consumers to contribute meaningfully to the decentralised network and be rewarded without it going to a large organisation such as Face Book or Google. Allows small start-ups to compete with large established companies. Encourages early adopters through reward.
- An application / smart contract that is built on top of the Ethereum blockchain. It allows the developer to pay for the Gas that is used on their application. You cannot make any application work on Ethereum without tokens.
- Using a standardised programme such as ERC20 .
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- no middle man which allows for small companies to compete w large ones because they can offer rewards for using their platform(ie bat for brave browser)
- tokens are digital assests that can either be fungible(all the same vlaue) or non fungible(different values ie token for boots, sword etc)
- you create a token by writing a smart contract that adheres to different standards for non fungible or fungible
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- Incentives and P2P transactions.
- It is a currency built over a blockchain network.
- Using the standard coding languages. ERC20, ERC721 or ERC1155
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Platforms such as Ethereum are able to monetize the work they’ve put into their protocols. Which allows them to incentivize users and will benefit early adopters, which in turn brings in more users.
Tokens are digital assets built on smart contracts, such as Fungible and Non Fungible ERC20 tokens on Ethereum.
Tokens can be created in Solidity, using smart contracts and usually adhere to standards (ERC20, ERC721,ERC1155)
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- What are the benefits of web 3.0 (decentralized internet)?
Web 3.0 brings many benefits including incentivised adoption (making it competitive with web 2.0 centralised service monopolies), trustless interoperability and zero knowledge validation. A benefit for developers is that value is captured at the protocol layer.
- What is a token?
A token is a cryptocurrency built on a blockchain that isn’t the native coin for that blockchain. Ether is the native coin on the ethereum platform so it isn’t a token. Dai is a stablecoin but may also be considered a token as it is compliant with the ERC20 token standard. Some other blockchains that facilitate tokens are EOS, TRON, NEO, Binance Chain and Stellar.
- How do you create a token on Ethereum?
To create an ERC20 compliant token all thats required is a smart contract with a unique address and a totalSupply parameter. To provide more information you could also include name, symbol and decimals parameters. Name and symbol have no length restrictions or central registry so anything goes (however it may be wise to keep names short so they don’t get truncated by interfaces and symbols are usually 3-4 characters long). The decimals parameter can be set if your token makes sense to be fractionable.
For the token to be holdable and usable the contract must contain a mapping of account balances to addresses.
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- The creators of the infastructure get rewarded for their work and early adoption is rewarded.
The ability of decentralised monies.
Possibilities to not use the monopolies - A token is a fungible or nft that can be earned to incentivise use of a dapp.
- Tokens are created in the code of a SC
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- Anyone who is using the product also getting rewarded, not like in 2.0 where few giant corporations making money
- Token is created on top of the blockchain and is used to support that network, can be fungible and non-fungible
- By creating a smart contract
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- What are the benefits of web 3.0 (decentralized internet)? The protocols making up the technology are rewarded instead of the application.
- What is a token? A crypto currency or digital ssets developed on the ethereum network
- How do you create a token on Ethereum? You create a token using a smart contract
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- There is value on the protocol (economically)
- Smart contract that run on the ethereum network
- create smart contract with standard ERC 20
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- although there are many, many benefits the one that was caught the attention of the early adopters is the financial incentive of growth
- a token is a representation of a smart contract that operates on a peer to peer network
- by writing a smart contract that contains the same functions set as ethereum
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- will give smaller companies a chance to compete with the monopoly of a few large companies currently in the internet and for the first time create monetary value where it previously did not exist. The decentralization of the internet will give the world a freedom it has never experienced.
- A unit of value created on top of the Ethereum blockchain using a smart contract.
- By utilizing a smart contract on top of the Ethereum blockchain.
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Early adopters are incentivized to promote the platform because the popularity will increase the value of their tokens. This way even small projects can grow an compete in a web dominated by few giants
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Is a smart contract and it can be fungible (all tokens are the same) or not fungibles (not all tokens are the same)
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you can program a token with solidity using ERC20 standard for fungible tokens and ERC721 or ERC1155 for NFTs
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- Economical part to the protocool. Everyones makes money especially early adopters
- Its a digital asset created on a particular blockchain.
- A token is created on ethereum programming language called solidity , some pieces of called called smart contract.
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- the benefits are that since more value is attributed to protocols, there are more ways to make money and build new economies through tokenization as well as to build communities around a niche which as early adopters are highly financially incentivised
- a token is a digital currency on the blockchain that has value
- you would create a token by creating a smart contract using solidity which is a programming language to create your token
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- Take value from a big company and give to the users.
- A cryptocurrency on top of ethereum or on another smart contract Blockchain.
- By creating a smart contract and using ERC20 standard or other ERC721, ERC233.
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What are the benefits of web 3.0 (decentralized internet)? The benefits of a decentralized internet (e.g. web 3.0) are many, such as potential for a broader share of stakeholders to share in available value, lower costs for creators and users, new functions that have not been created yet and that can only function because of a decentralized structure (e.g. IOT and Edge Computing), and simplification leading to more “quantum” type development and actualization potential.
Excellent article on basic Web 3.0 HERE
What is a token? I think Shermin Voshmgir in her book Token Economy (2019) provides a comprehensive but eloquent definition of a token when she states “Cryptographic tokens represent programmable assets or access rights, managed by a smart contract and an underlying distributed ledger.” REFERENCE
How do you create a token on Ethereum? A token is created on the Ethereum network by developing a smart contract. Example HERE
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Excellent answer sir! really well documented! keep it like that please! 
Carlos Z.
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Excellent answer sir! really well documented! keep it like that please!
Carlos Z.
Thank you, Carlos. I am loving this field. Mind blowing. Being a newbie I am researching a lot as I go through the courses. Figure it is good to contribute and share as much as possible with the community so more people can benefit. 
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