Era swap whitepaper

One of the biggest blockchain based ecosystem of 2019. Era Swap Ecosystem consists of multiple interlinked applications for users fueled by native decentralized utility token, the Era Swap Token. Go through Era Swap Whitepaper for more details: https://lnkd.in/dA6igfU

https://www.youtube.com/watch?v=I3fqTD1rx9o

ComputeEx - Multiple Options to Trade Your Digital Assets

Even though cryptocurrency trading is a very lucrative, profitable as well as risky, many users find it too complicated to keep track of their tokens by signing up with multiple exchanges in order to get the best deal at a time. Moreover, different trading platforms have different requirements and conditions for trading, which further complicates the task. Well, ComputeEx comes as a one-stop solution to all your crypto trading needs.

So, what is ComputeEx exactly?

ComputeEx is a different kind of digital exchange platform which makes the trading of digital assets hassle-free and more convenient by providing traders with the best rates of their tokens from across different exchanges.

How does ComputeEx work?

The entire operation of ComputeEx has been divided into the following four modules:

1. ComputeEx Exchange
2. Lending & Borrowing
3. Peer to Peer Trade
4. ComputeEx Wallet

ComputeEx Exchange

ComputeEx exchange gives you the best rates from top exchanges across the globe at one place enabling users to make time-sensitive and informed trading decisions.

The existence of numerous exchanges has made it difficult for a user to keep track of all his/her digital assets across all the exchanges. What ComputeEx does is it utilizes bots to fetch the best rates of multiple tokens from across the top exchanges and show the data in table form on a single interface within the ComputeEx platform/app, along with the option for a user to buy/sell their tokens on any of these exchanges, without having to register separately on each platform.

Another interesting part is that ComputeEx is being designed in such a way that further addition of digital assets and new exchanges is also possible.

A user has to pay a service charge of 0.5% for each transaction, in addition to the network fee. A 50% discount in the service fee will be given on payments made by the EST (Era Swap Tokens).

Lending & Borrowing

This is another major aspect of ComputeEx, which allows users to lend and borrow in the form of digital assets in a peer to peer environment. In order to lend via this facility, a lender will be required to fill a form providing the details such as lending asset type, collateral asset type, interest rate, duration of the loan, etc. Similarly, a borrower is also required to fill a form providing similar details. The system automatically compares the orders to find a match. Users can also see the order book and browse the applications in order to find a match manually.

There is a collateral ratio of 1:2 and a service charge of 0.25% for each transaction. A 50% discount is offered on service charge if paid in EST.

Peer to Peer Trading

This facility allows users to trade their digital assets directly and freely without going through an intermediary. Users can place a buy/sell order, connect with the buyer/seller directly, make a deal and process the transaction. All transactions as well as payments are secured through an escrow account. The payment will be automatically released to the seller once the order delivery is confirmed by the buyer.

There is a separate dispute channel through which a user (buyer or seller) can raise a complaint in case of a transaction dispute. There is also a transaction fee of 0.25% and a discount of 50% is the service fee if paid with EST.

ComputeEx Wallet

It is a secure digital wallet which can be used for storing and transacting different types of digital assets in a verifiable environment. As of now, the ComputeEx wallet supports BTC, ETH, and EST tokens. In addition to asset storage and transaction, the wallet can also be used for the in-wallet swap of tokens, which means the users of the wallet can convert their tokens between the supported ones within the wallet itself.

In short, ComputeEx provides a truly peer-to-peer, low-cost, secure, easy to use and one-in-all digital asset exchange platform for the benefit of both professional and amateur traders.

How to Monetize your social activities with Swappers Wall

Swappers Wall is a Blockchain based social networking station on the Time Swappers platform that boosts and simplifies the intercommunication between friends, family, peers and colleagues with a smart contract based reward system through which social users can earn Era Swap tokens as rewards simultaneously.

The goal of Swappers Wall is to monetize the time spent on social media by rewarding the users for the content shared based on the likes and shares received on that post. It also helps the community to connect and interact more by sharing status updates, stories, posts, videos or photos, etc. through a public platform.

Swappers Wall is a public portion component of a Time Swappers user’s profile, where the user can upload and publicly share their status, videos and other activities like comments, likes etc.

Swappers Wall comes up with many interactive features such as:

l  Confidential interaction through private messages

l  Wall to wall interaction

l  The ability for users to give their likes, agreement, or any comments to a post

l  Un-Manipulated reviews

l  Charity pools on Swappers Wall benefit the charity applicants as community members can contribute to their favorite social causes.

How to monetize the social activity with Swappers Wall?

Monetization of social activities

It is a reward system within the Era Swap Ecosystem to praise the mesmerizing and new talents, arts and skills exclusive on Swappers Wall and for Charity on Time Swappers.

Power Tokens are the rewards presented to the community members who are adding value to the Era Swap Ecosystem and promoting it.

Swappers Wall gives its users the opportunity to monetize their social activities such as publication of articles, updating new photos and videos, and likes, comments and follows. Users will earn rewards for every single like he/she gets on his/her posts and can manage to collect hundreds of Era Swap tokens by getting 100s of likes even on a single post from their community members. Besides the post likes, rewards (in the form of EST) are given for other social activities as well. For instance, you can earn tokens by posting articles/images on your Swappers Wall. The rewards you can make from a post will depend on the level of interaction on that particular post.

Swappers Wall will also have un-manipulated reviews that means the posts which has been liked by more users will stay on the top as there will be no paid promotions or control by a third party to boost a post. It will all be based on the user feedbacks and likes. Therefore, if the community is supporting a post then it will automatically get boosted and the content creator will get rewarded in the same proportion.

This is how the Swappers Wall helps community members convert their Social Activities into money. For more, visit http://eraswaptechnologies.com/

Power Tokens - An Ecosystem for Giving Back to the Community

Power tokens are released as a part of the NRT pool. They are allotted to the TimeAlly contract holders who have invested in the contract on the first day of the time span. These users have to re-distribute their power tokens among their community members, in a completely fair and honest way, as a reward/gift for their service, contribution and efforts in growing the Era Swap Ecosystem.
When a user sends tokens to another user, the particular amount is deducted from their wallet (token database) and added to the wallet of the receiver.
Wondering what the concept or purpose is behind all this? The primary purpose of power tokens is to enable an ecosystem where powerful people (contract holders) can support new talent and skills (community members) by rewarding them for their efforts in a completely unbiased way. This will not only help nurture new talents but also it will encourage more people to participate in the system and help grow the society.

Where and how are Power Tokens used?

• Power tokens are used by TimeAlly holders to reward the efforts and contribution of their community members. The allocation of rewards is done in a completely transparent manner to ensure that power tokens are distributed according to the members’ reputation and actual contribution, and not in the form of a favor.
• Power tokens are given as a reward to the community members for every upvote on their Swapper Wall. The user who upvotes can select the number of Power Tokens they wish to give away through that upvote.
• Power Tokens can also be used for making a donation to a charity case listed on the platform. A user can spend all their power tokens here.

Power Token Rules and Restrictions

The release, transfer and use of Power Tokens are governed by the following rules.
The release of new Power Tokens: New tokens are released every year. 10% of the total NRT (Newly Released Tokens), i.e. 20% of the TimeAlly tokens, are designated as Power Tokens. These are given to the users who have vested in the TimeAlly contract.
Validity: Power tokens have a time span of 30 days. Unused tokens are burnt permanently if not re-distributed or used within 30 days of release. Reserved power tokens from the pool are also burnt after 30 days.
Power Token Distribution: A holder of Power Tokens cannot give more than 15% of the total tokens to any single member within a time frame of 60 days. This is to avoid favouritism in reward token distribution and to ensure that power tokens do not accumulate with any one user. 50% of the reward tokens are paid in liquid while the remaining 50% are vested back in the Smart Contract.
Power Tokens will help and promote new skills and talents, rewarding them for doing a good job and motivate them to do better in future! Visit https://eraswaptechnologies.com/ for more details.

What are some Use Cases for Era Swap Token?

Era Swap Token (EST) is a decentralized utility token which empowers a number of platforms/apps in the Era Swap Ecosystem. These tokens are pre-mined and will be released on a monthly basis in a specific amount, which will decrease by 10% every year. The Newly Released EST will be distributed among the Era Swap community members based on the volume of trading, staking and work done by them contributing to the growth of the ecosystem.

Era Swap Token Use Cases

The primary use of EST is as a mode of payment for the trading of tokenized time on the Time Swappers Platform. The token can also be used across all other interlinked sub-apps on the system - such as Era Swap Wallet, ComputeEx, TimeAlly, Blocklogy, BuzCafe, Swappers Wall, BetdeEx, and Date Swappers - for the exchange of products, services and digital assets.

Here are some of the use cases of EST:

Time Swappers

Time Swappers is a peer-to-peer time trading platform which lets users tokenize their time. Anyone can buy or sell time-based services (any type of service which can be charged in terms of time) using Era Swap Tokens. There is no middleman fee on Time Swappers, and buyers and sellers can openly and directly communicate with each other to finalize mutually beneficial deals. Users are also rewarded with EST for using the platform.

EST provides a completely transparent, secure and verifiable payment method for the users of Time Swapper platform.

TimeAlly

TimeAlly is a Smart Contract which rewards users for locking their Era Swap Tokens in the contract for 1 year, 2 years and so on. Rewards are offered from the Newly Released Tokens as per following rules:

Locking Period - 1 Year - Minimum 1.08% additional Era Swap Tokens per month

Locking Period - 2 Years - Minimum 1.25% additional Era Swap Tokens per month

ComputeEx Exchange

ComputeEx is a Digital Exchange within the Era Swap ecosystem which allows users to trade their tokens for the best rates from top exchanges at one place. It offers a 50% discount on the transaction fee for payments made via EST.

ComputeEx Peer to Peer - This service lets users buy or sell digital assets through a peer to peer marketplace secured with escrow and smart contract. A 50% discount on transaction fee is applicable to all transactions using EST.

ComputeEx Lend & Borrow - Here, you can lend and borrow digital assets as a loan. Users making payments via EST get a 50% discount on transaction fee.

BetDeEx

BetDeEx is a decentralized prediction platform for sports betting and online lotteries. The platform users can make payments via EST and get a 50% discount on the fee.

BuzCafe

BuzCafe is a chain of blockchain-based retail outlets powered by EST. The holder of Era Swap tokens can use these tokens for shopping at any BuzCafe shop near them without having to pay any transaction fee.

TimeAlly Club

The TimeAlly Club card is a physical money card which can be used for liquidating (withdrawing) EST at any ATM within the TimeAlly Club Network.

So, these are some of the use cases for the Era Swap Token. These applications help lift the demand and value of the token and reduce its volatility.

Power Tokens - An Ecosystem for Giving Back to the Community

Power Tokens are special reward tokens released as a part of the TimeAlly contract. Power tokens are different from EST in that they are reward tokens and essentially meant to be re-distributed by the TimeAlly holders to appreciate new members and skills.

Power tokens are released as a part of the NRT pool. They are allotted to the TimeAlly contract holders who have invested in the contract on the first day of the time span. These users have to re-distribute their power tokens among their community members, in a completely fair and honest way, as a reward/gift for their service, contribution and efforts in growing the Era Swap Ecosystem.

When a user sends tokens to another user, the particular amount is deducted from their wallet (token database) and added to the wallet of the receiver.

Wondering what the concept or purpose is behind all this? The primary purpose of power tokens is to enable an ecosystem where powerful people (contract holders) can support new talent and skills (community members) by rewarding them for their efforts in a completely unbiased way. This will not only help nurture new talents but also it will encourage more people to participate in the system and help grow the society.

Where and how are Power Tokens used?

l  Power tokens are used by TimeAlly holders to reward the efforts and contribution of their community members. The allocation of rewards is done in a completely transparent manner to ensure that power tokens are distributed according to the members’ reputation and actual contribution, and not in the form of a favor.

l  Power tokens are given as a reward to the community members for every upvote on their Swapper Wall. The user who upvotes can select the number of Power Tokens they wish to give away through that upvote.

l  Power Tokens can also be used for making a donation to a charity case listed on the platform. A user can spend all their power tokens here.

Power Token Rules and Restrictions

The release, transfer and use of Power Tokens are governed by the following rules.

The release of new Power Tokens: New tokens are released every year. 10% of the total NRT (Newly Released Tokens), i.e. 20% of the TimeAlly tokens, are designated as Power Tokens. These are given to the users who have vested in the TimeAlly contract.

Validity: Power tokens have a time span of 30 days. Unused tokens are burnt permanently if not re-distributed or used within 30 days of release. Reserved power tokens from the pool are also burnt after 30 days.

Power Token Distribution: A holder of Power Tokens cannot give more than 15% of the total tokens to any single member within a time frame of 60 days. This is to avoid favouritism in reward token distribution and to ensure that power tokens do not accumulate with any one user. 50% of the reward tokens are paid in liquid while the remaining 50% are vested back in the Smart Contract.

Power Tokens will help and promote new skills and talents, rewarding them for doing a good job and motivate them to do better in future! Visit https://eraswaptechnologies.com/ for more details.

Blocklogy - Building a Strong Blockchain Foundation for a Better Tomorrow