Era Swap: Tokenizing Time
Updated on November 10, 2018
Time is one’s most valuable asset. There’s no two ways about it. But how does one benefit from the time they have? Can they? The EraSwap team definitely thinks so, and is building an ecosystem where you’ll be able to do just that!
The world today is filled with contractual employment and employees who actively choose freelance work over a steady desk job. In itself, this offers individuals level of freedom that is simply not attainable at a full-time job, and is great for the job market overall, for all stakeholders in the industry. No doubt, there is a huge need for shared economies and it is a necessity as part of the modern economy. Freelancing has drastically reduced employer overheads and a growing base of freelancers choosing to go that route has only helped further the impact it has had across geographies and economies. Now, the issue here arises when e dig a little deeper into the centralized nature of how contractual employment works. Centralized systems, by definition, are governed by an entity, that in itself requires upkeep and maintenance and is required to cover overheads. Middlemen, in this case, charge absurd fees for providing what’s essentially a platform where employers and business owners can search and hire freelance employees. While people are now so used to paying these fees where needed, most are now getting increasingly concerned with how their data is stored and used. An issue faced by service providers is that these middlemen eat into their bottom line. This is where EraSwap and the core advantages of blockchain come in.
EraSwap is blockchain platform that incorporates the core tenets of blockchain technology into the tokenization of time, education, investment, and more. The goal of this platform is to be able to create and deliver “true value” to those can deliver quality service. Very simply, this enables service providers to be able to work on a contractual basis, learn, adapt, evolve, and be rewarded for their expertise in line with the value they are capable of providing. Era Swap is leading the charge from a contractual operation to a smart-contractual ecosystem.
Era Swap, in addition to deploying this framework, is creating an tire system that will bring together a number of facets that will be fueled by the EST - the Era Swap Token. The Era Swap Time Swapper Platform, a community based platform where users can post requirements and apply for and apply to provide services from each other based on the cost of their time. Time traders (those who offer and avail of services), curators (who monitor the platform), Day Swappers (active members who help in growing and maintaining the platform) are all integral parts of this platform.
As this platform is completely decentralized, blockchain and a native token, Era Swap, are inseparable parts of the platform. The Era Swap Wallet, The team understands the need to possess a powerful, distributed community platform, and a secure means for funds transfers and payment network, and that’s where the EraSwap wallet comes into play. We’re launching a wallet that supports multiple digital currencies and is highly secure. This wallet will also allow you to exchange a few selected tokens within the wallet so that a user can save a little more on transaction charges from move tokens to and from exchanges.
ComputeEx, Today there are a plethora of cryptocurrency exchanges that it becomes difficult for users to keep a track of rates at different exchanges. EraSwap will leverage AI technology to deploy bots that provide best deals to Era Swap users from various crypto exchanges across the world even though they are not registered on these exchanges. To add in the adoption of this technology, ComputeEx offers a 50% discount to EST users.
TimeAlly, a meticulously crafted smart contract to reduce the volatility of EST. It rewards users who choose to lock their tokens in the smart contract according to their vesting periods. Of all the rewards by EraSwap, 50% are given up front in liquid tokens and 50% are routed through TimeAlly over a period of time to keep the volatility of EST in check. TimeAlly is a very crucial part of the ecosystem as it controls some of the demand-supply dynamics of the token.
Last, but certainly not least by any means, Blockology, an educational initiative by Kmpards, an organization that supports EraSwap. Blocklogy is an E-learning platform for students from the 8th grade onward. The courseware is specially designed to aid students of blockchain technology and their growth so as to make it possible for them to be specialized in the field and be able to undertake Blockchain projects during the course of their study.
There’s obviously a lot of moving parts to the EraSwap ecosystem, and we invite you to join us on our journey towards a new era in contractual employment management. Please visit our website, https://eraswaptoken.io for more information, follow and share our content on social media, and support a project that allows for the effective tokenization and trading of time, from anywhere, at any time.
Explore more on https://eraswaptoken.io/ to be a part of rewarding journey.