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What are the benefits of web 3.0 (decentralized internet)?
The online community via decentralized websites, DApps, and tokens can capture the value of the economic activity and content generated instead of a few monopolies like Google and Facebook. -
What is a token?
A token is a type of cryptocurrency which has a similar functionality to Ether, but typically they are considered to be ERC20 tokens, or also NFTs, built on top of the Ethereum protocol. They are programmable, can have value and be transacted, and also support additional use cases on a token-by-token basis such as LINK, ZRX, or REP. Some tokens can exist independently of Ethereum like STEEM or on other platforms such as Ignis existing as a child chain on the Ardor platform, but I’m not completely sure of these non-Ethereum-based cases yet. -
How do you create a token on Ethereum?
This would be done via a smart contract and/or DApp --> ERC20 standard or NFTs.
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What are the benefits of web 3.0 (decentralized internet)?
The decentralized nature of web 3.0 gives small content contributors and platform startups the capability to enjoy similar level of data ownership as the big companies, such as Facebook and Google, are having now under web 2.0. With blockchain technology, small-scale participants can more easily establish platforms for secure and transparent data sharing without central authorization and surveillance. This also gives smaller platforms the power to monetize the data they hold in the same manner as tech giants are doing today, thus giving the smaller players the opportunity to better tailor-made their services for niche markets and compete with the giants. The internet under web 3.0 would be more competitive, democratic, transparent, and responsive to user needs compared with today. -
What is a token?
A token is a digital asset built from Ethereum smart contracts. Tokens can represent whatever values (e.g., game items, game tokens, reward points, etc.) within the community where these tokens are being traded and become new currencies for specialized purposes. -
How do you create a token on Ethereum?
Tokens are created by programming smart contracts on a Ethereum blockchain.
2. What is a token?
Indeed sir, but not only for the economic, Its a asset to capture a value, the value is given by the use case of the smart contract, the interaction for it is made with the token, that can also have the feature of being transferable to others.
Hope this gives you a clear picture of the subject.
If you have any more questions, please let us know so we can help you! 
Carlos Z.
Thanks Carlos! appreciated feedback
1.) Dapps. It gives a fair playing field for companies and induviduals who want to be independent
2.) A smart contract on the (ETH) blockchain. With ETH it can represent different type of assets like ERC-20, ERC-721 & ERC-1155.
3.) By programming and deploying a smart contract
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With Web 3.0 it brings fairness to smaller companies against huge ones by preventing monopolies and incentivize early adopters with tokens rewards.
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A token is a smart contract that has a value in a network; can be fungible or no-fungible.
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To create a token on Etherium is required to program a smart contract within compliance of ERC20, ERC721 or ERC115 standards.
- It provides economical incentive to all users of the network, eliminates monopolies and centralization
- Token is a cryptocurrency built on smart contract platforms.
- You create a token by writing a smart contract using token standards such as ERC20 and other ERC that ethereum provides
1- The benefit of Web 3.0 is in the token economics. In order to break into the market potential early adopters are given information describing it’s potential with the hope that overtime it’s native tokens will appreciate exponentially as we have experienced in some good projects.
2- Tokens are the native currency of a smart contract that will drive it’s economy.
3- Tokens on the ethereum network are created with the smart contract.
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What are the benefits of web 3.0 (decentralized internet)?
- Higher rewards for early adopters so the growth may be a lot bigger that on Web 2.0
- Smaller companies can compete with the likes of Web 2.0 giants that run monopolies of industries/sectors.
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What is a token?
- Tokens can be see as a sub set of coins Ethereum (Coin) -> ERC20(Token).
- Representation of a digital asset.
- It is a currency built on a blockchain.
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How do you create a token on Ethereum?
- Using/creating smart contract to identify and track digital assets on the blockchain.
1. What are the benefits of web 3.0 (decentralized internet)?
The benefits include; incentives of token economics, decentralized apps (Dapps), shifting from paying to use - getting paid to use, ultimately ending single company monopolies. Essentially carving a new path for the internet where it puts the power, creativity and incentives in the hands of the users.
2. What is a token?
A programmable smart contract represented as a digital asset built on a blockchain platform.
3. How do you create a token on Ethereum?
Writing and programming smart contracts. These are ERC20 and NFTs (ERC721 and ERC1155) codes when referring to Ethereum.
- A decentralized internet will create value for who will create protocols, giving the chance to compete against giants Internet company such as Google, Facebook etc
- A token is a way to incentive people to be an early adopter because there is now a way to share profit and reward people when using the application. In a nutshell a token is value that can be converted into money.
- A token is a smart contract built on top of the smart contract blockchain, that depending on the type of the token, must follow specific standards.
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The main benefit is that it creates an internet not controlled by centralized authority who control most of the things we can do on the internet.
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A token is a smart contract that is deployed on an existing blockchain and can be used as a medium of exchange (tokens can be sent / received across different wallets).
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You have to deploy a smart contract to Ethereum following the ERC20 standard (preferably). From there you can designate account to receive the initial token amounts.
- The ability for smal companies to compete with giants that today has monopoly.
- A cryptocurrency (fungible or non-fungible) that’s developed using a smart contract.
- By using a smart contract and preferably a token standard like the ERC20.
1 benefits of redirecting the money to the smaller companies vs the monopolies
they have opportunity to build audience
2 a token is a way to build an audience and get them vested in the companies growth through rewards they receive through contributions and getting others to join
it is a smart contract that contains account address and balance built on etherium network
3 a token is built on etherium network using a smart contract following standardized program ERC20
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The benefits of web 3.0 is that the value is captured by the protocol and not only the applications running on the protocol. Smart contracts run on the protocol so if the token/application succeeds the protocol (eth) will succeed.
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A token is a smart contract that represents a cryptocurrency.
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Tokens are created by writing code and creating a smart contract.
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What are the benefits of web 3.0 (decentralized internet)?
You can now capture the value at the protocol level. More diverse participation worldwide. Value can be distributed among a wider group of users rather than concentrated in just few large corporations. -
What is a token?
A fungible or none-fungible digital representation of value. -
How do you create a token on Ethereum?
By programing a Smart Contract using the ERC20 standard.
The ability to create DApps and to generate income directly as a result of Token sales via Smart Contracts.
A means of exchange and of value for the Dapp, or Smart Contract, that One creates.
Create a Smart Contract, Create a wallet. Get some ETH in your wallet. Edit your SmtContract on testnet. Deploy Contract Code on Remix. Publish and Verify Contract. Add token to your wallet
- Small business are able to compete with larger business, by eliminating middlemen, having economic incentives by being and early adopter, higher privacy etc.
- A token is a smart contract (programmable digital asset)deployed on top of the Ethereum network or other blockchain networks
- A token is created on Ethereum by creating a smart contract that uses the ERC20 standard then deploying it on Ethereum.
- Benefits of Web 3.0 include a new economic model in which people can be incentivised financially to contribute to and develop online communities.
- A token is a smart contract built on a protocol layer that can function as a cryptocurrency.
- To create a token on Ethereum, you can use a standard (such as ERC20) to create a token that can be used with other wallets and exchanges.
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Web 3.0 captures value at a protocol level creating economic incentives for people to be early adopters, this allows small businesses the chance to grow. There is also more transparency with web 3.0 and an increase of peer to peer transactions removing middle men.
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A token is a representation of a particular asset or utility that resides ontop of another blockchain.
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You can create a token on ETH by using a standard like ERC-20 to develop a smart contract ontop of the ETH blockchain.