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🟥MELONGAME🟥
🟪Q&A, learning with MELON
🟩Answer questions in the same comment plis 🎩
🟧Lets play, hit PLAY on the Frame
🎩🎩🎩
Each correct answer gets DEGEN
I OVERTURN IN 4 HOURS, WITH ME RIFLE🟥

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1. ERC-20 tokens are a standard for fungible tokens on the Ethereum network ensuring interoperability and compatibility. They're widely used for ICOs, utility tokens, and DeFi applications, providing a common set of rules and functionalities

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1. Uniswap: A decentralized exchange (DEX) for trading cryptocurrencies in a trustless and permissionless manner.
2. OpenSea: A decentralized marketplace for buying, selling, and trading non-fungible tokens (NFTs), such as digital art and collectibles.
3. Augur: A decentralized prediction market platform that allows users to bet on the outcome of events, such as sports games or political elections, in a decentralized and trustless way.

4. The main function of gas fees in Ethereum is to incentivize miners/validators to process transactions, execute smart contracts, and secure the network, in exchange for a fee paid in Ether (ETH)

3. A smart contract is a self-executing program that automates the enforcement and execution of a specific set of rules or agreements between parties. 
Smart contracts are often deployed on blockchain networks, enabling secure and efficient automation of various processes.