Era Swap Token is used as a utility token for exchange of services, freelancing, day to day household services, lending and borrowing, prediction, education, affiliate program, discounts etc. which are interlinked together. This increases the usability and acceptance of Era Swap Token. This utility token empowers users to tokenize their time in form of ES Token/Hour via smart contracts on P2P freelancing marketplace and multiple platforms of Era Swap Ecosystem.
Era Swap Token caters to decentralized reward system for users based on their contribution and performance on multiple platforms of the ecosystem. This token will fuel the multiple applications where users can exchange services in a peer to peer environment like trade of services, freelancing, day to day household services, lending and borrowing, prediction, education, affiliate program, discount etc.
Era Swap Token looks forward to continuously enhance and add more utility based platforms on Ethereum or any other blockchain network in future where Era Swap Token (ES Token) will be used as a Utility Token.
The current community at large needs a middle-man-free, transparent ecosystem where they exchange their services directly without sharing their hard-earned income with any third party. There are multiple elementary problems with traditional centralized freelancing/service exchange platforms:
•Freelance platforms charge about 10-30% fees per transaction as middlemen.
•Global payment gateways charge between 30% to 40% for processing payment transaction
•Traditional Banking charges are between 2- 3%
•For doing the transaction, need several trusted parties and there is a cost to each trusted party.
•Users have no control over their data which can be further misused by these middlemen.
•No profit is shared with the users by these existing traditional platforms
Era Swap Ecosystem replaces the tradition problems of marketplaces by leveraging Blockchain Technology. Era Swap Ecosytem is fueled by the native Era Swap Token. It has several utility based platforms in its ecosystem for all age groups and user base across multiple geographies that are designed to provide benefits to the community based on their contribution to the platforms. The eco system provides benefits to the worldwide community and to make it self-sustainable.
Time Swappers is a peer to peer marketplace where anyone across the globe can buy / sell services. This is a middleman free platform where buyers and sellers will be able to communicate directly and trade peer to peer. The most important component of this platform are Time Traders – who offer and avail services, Curators – who resolve the dispute on the platform and Day Swappers – active members who help is growing and maintaining the platform.
Era Swap understands that to power the distributed community platform, there needs to be a solid and secure payment network. For this purpose, EraSwap has developed a wallet that supports multiple digital currencies and is highly secured. It supports Hierarchical Deterministic Wallet (HD Wallet) and comes with 2FA and CCSS (Cryptocurrency Security Standard).
KMPARDS laid the foundation & seeding of the Era Swap ecosystem. The team governs all the strategies in the Era Swap ecosystem, including all the operations, executions involved, and diversifications. KMPARDS is a global organization which aims to serve the community by educating and delivering services on next generation technologies like blockchain and IoT. KMPARDS aims to be one of the leading tech organization, competent to deliver successful products from scratch to screech.
KMPARDS also offers to deliver global end to end solutions for the clients with complete research, development and related services on the high end technologies. KMPARDS is the seeding organization for Era Swap ecosystem.
TimeAlly is a meticulously crafted smart contract to reduce the volatility of ES Token. It rewards users who choose to lock their tokens in the smart contract according to their vesting periods. Of all the rewards by Era Swap, 50% are given up front in liquid tokens and 50% are routed through TimeAlly over a period of time to keep the volatility of ES Token in check. TimeAlly is a very crucial part of the ecosystem as it controls some of the demand-supply dynamics of the token.
Every one of us have exchanged our services within our network at some point of time and at present we live in the era of community network. What if these both can be integrated together to get the best out of it?
Day Swappers is a unique affiliate program for Era Swap community members to earn reward for exchanging services in day to day life as service providers or service seekers and increasing the user-base on multiple platforms of the ecosystem.
Anybody can be a Day Swappers and can create multiple Day Swappers.
BuzCafe is a convenience solution offered to Era Swap Ecosystem users. It is a marketplace where users can buy and sell services in a Peer to Peer mode by meeting up. Further, it is also a network of retail outlets which provides exclusive deals for Era Swap community. BuzCafe provides convenience to Era Swap community with its ease of access and local presence.
ComputeEx comes with a one stop solution to make the trading hassle free by fetching the best rates from different exchanges. In order to provide the complete solution ComputeEx has four modules.
Eraswap Academy is an e-learning platform developed by KMPARDS to educate students of all age group on Blockchain Technology. Blockchain Technology is one of the most powerful technology of 21st century which is disrupting most of the industry today. Eraswap Academy is an initiative in this direction to make our students future ready for the next gen technologies and explore the unlimited possibilities. Students will be able to learn about blockchain coding from basics to coding smart contracts. It starts from $1.00 USD at entry level and has 9 different levels according to the target audience. There will be a fees of $1.00 USD for getting a blockchain based certificate. This fee will be waived off for students who cannot afford it..
“ Era Swap Tokenomics ”
is based on the foundation which includes the creation, maintenance, and growth strategy for the whole community through pre-defined smart contract based reward system which is based on the total Fuel generated based on the volume of exchanges & services performed by the community on various platforms in Era Swap ecosystem. This marketplace aims to build the reputation of services using digital assets for individuals and businesses.
Era swap Tokenomics has been crafted very carefully keeping the demand and supply in mind along with the risk of high volatility of digital market asset.
The value of any token is a function of demand and supply. Though there cannot be any guarantees about future value of tokens, we have designed our ecosystem so that each and every stakeholder benefits from it. We plan to control the supply distribution through the TimeAlly Smart Contract and carefully measured token burns. To grow the platform, several ways to create demand have been devised. Utmost care has been taken to keep the volatility in check.
Purpose: Era Swap Token is a decentralized utility token. This token will be used for exchange of products, services, digital assets which will provide end to end solution to the community members. Era Swap Token users will get discounts in range of 50% to 95% on multiple platforms of the Era Swap Ecosystem.
Process: Era Swap Tokens are pre-mined and will be released through a smart contract every calendar month. Newly Released Tokens will decrease by 10% every year from its previous year.
Payoff: These newly released tokens will be distributed to the community members as per the NRT distribution chart based on the volume of stake/trade/work done within the ecosystem.
TimeAlly Benefit Plan
Era Swap Version-II
TimeAlly Power Curators
Time Swappers Version 2
Value Of Farmer
Era Swap Blockchain
The total number of tokens generated in next 50+ years will be 9.1 Billion. Era Swap Tokens are pre-mined and released through a smart contract. New Token Release in the NRT Pool (Newly Released Token Pool) decreases by 10% every year. These tokens are distributed to all the stakeholders as per their contribution in the ecosystem. All the distributions are released on a monthly basis in the form of 50% liquid Era Swap Tokens and 50% are locked in TimeAlly.
Era Swap places the benefits of the community at highest priority. So, Luck Pool was created. It is a pool of tokens which are collected from the below sources:
1. The revenue generated through the standard advertisement plans
2. Additional tokens collected from the TimeAlly Loans
3. Balance 2% tokens from one year TimeAlly Contract
4. 28 Era Swap (ES) from Time Swappers subscription fee from every seller
Luck Pool tokens will be merged with the Newly Released Tokens Pool and will be distributed as per the NRT Distribution.
Era Swap Tokenomics has a strong burning rule which reduces the total supply and helps in deflating the inflation. Tokens will be burned under these circumstances:
• When a seller subscribes to Time Swappers platform (10% of seller subscription fee)
• When a borrower defaults on a TimeAlly loan (remaining token in TimeAlly)
• Unused Power Tokens (On the 30th Day)
• Unrewarded* Tokens from NRT