Era Swap Curators - An Introduction

Token Burning Rules in Era Swap

Token Burning Rules in Era Swap

Era Swap Token (EST): A marketplacetoken which enables users to tokenize their time through smart contracts on a community-based exchange.

The uniqueness of Era Swap ecosystem offer users the ability to tokenize their time as a service and focuses on creating high volume on our own marketplace and gain edge over others.

The utility token — The main motive for creating the token is to be operative on the platform for purchasing and vending tokenized time. Every single seller will have to pay $1 for a lifetime subscription. Out of this, $0.1 worth tokens will be permanently burnt, tokens worth $0.1 will be going to charity and remaining $0.8 will go to the distribution pool.

Power Tokens — Power tokens are valid merely for 30 days. If not distributed therein time, these tokens are burnt. The rest of the TimeAlly tokens (30%) are distributed to the stakeholders in correlation with their vesting periods.

Tokens will be burnt under three circumstances:

(i) Once a seller enrolls to the Time Swappers platform,

(ii) Unused Power Tokens and

(iii) Whenever the borrower fails to pay a TimeAlly Loan.

Each and every unsold token from the Initial Token Offering will be brought into TimeAlly smart contracts.

To cut down the turbulence, whenever any tokens are burnt, it will be pursued that in any given month, the count of burnt tokens will never surpass 2 Percent of the flowing supply for that month. If there is a remaining of tokens to be burnt, the remaining will be taken ahead, until the desired count of tokens are burnt.

Whosoever wants to put forward their services on the platform will have to go through a KYC process pricing $1. This is a lifetime payment.

A user can take an instant short-run Era Swap Token loan up-to 50 Percent of staking amount disbursing 0.5 Percent monthly. To avoid the double spent possibility, TimeAlly’s benefits will stop for the lender amount once TimeAlly’s lending amount is approved on the Blockchain Platform. Time Swappers will be equipped with peer to peer lending escrow smart contracts for users. In case a borrower fails to pay back within 2 months, remaining 50% of their staked tokens will be burnt as per the token burn rule.

The value of any token is an outcome of demand and supply. However, there cannot be any assurances about the future value of tokens, we have designed a self-sustaining ecosystem so that each and every stakeholder benefits from it. We intend to control the supply chaos by way of TimeAlly smart contract and prudently measured token burns. To appreciate value delivery on the platform, we have planned numerous approaches to create demand. Maximum care has been obtained to hold the volatility in check.

This is how the token burning rule works for the Era Swap Token holders & community. So, grab your Era Swap tokens today for a rewarding tomorrow. Visit www.eraswaptoken.io to explore more and participate in crowd sale.

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Blocklogy - e-learning App for Blockchain

Day Swappers - First Meet!

Two Organizations With A Similar Zest For Innovation Are Partnering For A Better Future

NetObjex, are the architects of the bridges that connect the physical world to the virtual one. They aim to provide companies with the most comprehensive digital platform leveraging IoT, AI and Blockchain technologies. This journey has led them to partner up with Era Swap Technologies.

NetObjex is developing futuristic blockchain powered services powered by the next-generation technology with an aim towards building an ecosystem transparent, immutable, tamper proof transactions in a digital marketplace. 

In Era Swap, NetObjex has found a partner with similar objectives.  

Era Swap Technologies is creating a digital marketplace for freelancers, where service providers and clients can transact in a secure, trust-oriented environment with full confidence which are governed by smart contracts.

Both Era Swap and NetObjex believe in providing a higher quality of service across industry domains, innovation and an improved standard of living to communities at large by leveraging emerging technologies.  The convergence of Blockchain, AI and IoT provide a synergistic interlocking set of technologies that enable this vision to unfold.

According to Raghu Bala, CEO of NetObjex,  “ERA Swap and NetObjex believe in a shared set of ideals, visions and goals towards the use of technology and social responsibility, that brings a higher purpose and meaning to our business relationship.”

Tarun Baur, CEO of Era Swap Technologies expresses his delight over this partnership in stating “We believe through this partnership with NetObjex, we are more focused than ever before in delivering on our objectives for the ERA Swap project in bringing the benefits of decentralization to the various communities we serve – to engage, empower, and enhance their quality of life”. 

To know more about Era Swap visit https://eraswaptoken.io/ and explore more.

Era Swap: Blockchain powered P2P Decentralized Marketplace Ecosystem

Token Burning Rules in Era Swap

Era Swap Token (EST): A marketplace token which enables users to tokenize their time through smart contracts on a community-based exchange.

The uniqueness of Era Swap ecosystem offer users the ability to tokenize their time as a service and focuses on creating high volume on our own marketplace and gain edge over others.

The utility token - The main motive for creating the token is to be operative on the platform for purchasing and vending tokenized time. Every single seller will have to pay $1 for a lifetime subscription. Out of this, $0.1 worth tokens will be permanently burnt, tokens worth $0.1 will be going to charity and remaining $0.8 will go to the distribution pool.

Power Tokens - Power tokens are valid merely for 30 days. If not distributed therein time, these tokens are burnt. The rest of the TimeAlly tokens (30%) are distributed to the stakeholders in correlation with their vesting periods.

Tokens will be burnt under three circumstances:

(i) Once a seller enrolls to the Time Swappers platform,

(ii) Unused Power Tokens and 

(iii) Whenever the borrower fails to pay a TimeAlly Loan.

Each and every unsold token from the Initial Token Offering will be brought into TimeAlly smart contracts.

To cut down the turbulences, whenever any tokens are burnt, it will be pursued that in any given month, the count of burnt tokens will never surpass 2 Percent of the flowing supply for that month. If there is a remaining of tokens to be burnt, the remaining will be taken ahead, until the desired count of tokens are burnt.

Whosoever wants to put forward their services on the platform will have to go through a KYC process pricing $1. This is a lifetime payment.

A user can take an instant short-run Era Swap Token loan up-to 50 Percent of staking amount disbursing 0.5 Percent monthly. To avoid the double spent possibility, TimeAlly’s benefits will stop for the lender amount once TimeAlly’s lending amount is approved on the Blockchain. Time Swappers will be equipped with a peer to peer lending escrow smart contracts for users. In case a borrower fails to pay back within 2 months, remaining 50% of their staked tokens will be burnt as per the token burn rule.

The value of any token is an outcome of demand and supply. However, there cannot be any assurances about the future value of tokens, we have designed a self-sustaining ecosystem so that each and every stakeholder benefits from it. We intend to control the supply chaos by way of TimeAlly smart contract and prudently measured token burns.  To appreciate value delivery on the platform, we have planned numerous approaches to create demand. Maximum care has been obtained to hold the volatility in check.

This is how the token burning rule works for the Era Swap Token holders & community. So, grab your Era Swap tokens today for a rewarding tomorrow. Visit www.eraswaptoken.io to explore more and participate in crowd sale.

Era Swap New Economic Model for Buyers and Sellers

Era swap curators - advocacy on TimeSwappers platform

We are on the track to disrupt freelance market and yes disruption is not easy to adopt, but we are not far away from our goal, our vision of creating a self-sustainable P2P marketplace for the betterment of the society.

Can any buyer directly approach a seller without middlemen?

Yes they can; but since last few decades both buyers and sellers are used to the existence of middlemen and both buyers and sellers are sharing their hard-earned profits with these intermediaries. Middlemen are just the trusted 3^rd party which can be always be replaced with technology which is public and transparent.

Who is a Curator?

Era Swap brings a blockchain based decentralized P2P marketplace free from middlemen. There can be some minimal chances of dispute between buyers and sellers in some cases which can be resolved with curators - a crucial member of the Era Swap community who helps in dispute resolution on Time Swappers platform .

How to become a Curator?

In order to become a curator, a user has to vest 10,000 Era Swap Tokens and fill up their required details in curators’ form to qualify for the role of curator. Once he is approved, he becomes a Qualified Curator on Time Swapper.

Vesting 10,000 Era Swap tokens is done here to make a curator understand his responsibility. If he is irresponsible and doesn’t performs his task carefully, he will lose his rewards from curators’ payouts. With time and experience; curators will be groomed and skilled in their roles to perform flawlessly on time Swappers. Once the curators become self-capable with time, the dispute settlement becomes accurate.

What are the roles of Curator?

Curators are required in case of any dispute resolution; promptly and without being biased. Both buyer and seller are given with option to raise a dispute if they are unsatisfied. In case user raises a dispute; 5 qualified curators are selected in random by the system who receive notifications to resolve dispute with voting; which gets published in 48 hours. A curator has to be available at least 50% of the time per month on the platform for dispute settlement.

Curator can accept or can reject this specific system raised demand to vote. If Curator accepts the request he/she has to investigate and study the complete project based on the evidence submitted by the buyer and seller. Curator denying the dispute settlement offer will lose 10% from his curators reward each time he rejects a dispute settlement trial

A curator has to vote judiciously and carefully based on the investigation and study; because the curator voting in favor of the party (buyer or seller) who lost the dispute; will lose 25% from his curators’ reward.

Reward of Curators

Users who takes the responsibility of a curator will be rewarded 5% of the total Newly Released Tokens on monthly basis for unbiased decision and contribution in community dispute settlement. One has to be curator for a minimum duration of 6 months where the prime objective is responsibility, advocacy of truth and unbiased decision making.

How Curator is different from Traditional Dispute Settlement Process?

Era Swap dispute resolution is totally unbiased and prompt to provide safe, secure and hassle-free feel in the trade to both buyers and sellers.

Conclusion

Be a curator on Time Swappers platform to gain rewards. Vote for a change from the old-age conventional standard, being unbiased in decision making. Any curator can exit from the role after 6 months of duration giving 1 month of prior notice and the vesting amount will be returned to the user.

Era Swap community is continuously growing with support of people. Raise a hand in contribution to such a platform. For more details explore https://eraswaptoken.io.

How does ERA SWAP platform address the issues with traditional Peer-to-peer platforms?

Over the years, traditional Peer to Peer platforms have become indispensable, and have started taking advantage of that fact. Traditional platform solutions charge about 10-20% fees per transaction. Data collected from users becomes company property, and the data is then used by the company as they see fit. Users have no control over their data while the profits of the platform go to the company and nothing is shared with the users.

Blockchain technology curbs these issues to an extent with its implementations. As there are no intermediaries, there could be huge savings on transaction fees. Users have control over their data and profits can be redistributed among the blockchain ecosystem stakeholders. Yet, blockchains too have some drawbacks.

Traditional P2P platforms aren’t cost-effective, and blockchain platforms have their limitations as well. ERA SWAP utilises this opportunity to build an ecosystem that solves these problems.  With a mission to create a self-sustainable marketplace for the betterment of society by appreciating the value of work delivered by the users, ERA SWAP intends to become the most adopted value exchange for Time of services, Education and Crypto-assets.

ERA SWAP has carefully planned to address different aspects of the ecosystem, such as growing demand,  volatility reduction, increase in the adoption of cryptocurrencies, minimizing transaction charges for all the users, etc. This is how Era Swap plans on implementing its solutions -

●       By creating a community-based platform where people extend and

avail services from each other on the basis of per unit time cost quoted by the person offering the service.

●       Era Swap provides a wallet which allows users to swap tokes at a minimal fee without going to any exchange.

●       Smart contracts that govern the distribution of mined coins.

The most important part of the Era swap ecosystem is the Era Swap Token (EST). EST will be used on the Era Swap platform to buy and sell tokenized time. It is carefully planned to address different aspects for all the users.

Era Swap New Economic Model for Buyers and Sellers

How does ERA SWAP platform address the issues with traditional Peer-to-peer platforms?

Over the years, traditional P2P platforms have become indispensable, and have started taking advantage of that fact. Traditional platform solutions charge about 10-20% fees per transaction. Data collected from users becomes company property, and the data is then used by the company as they see fit. Users have no control over their data while the profits of the platform go to the company and nothing is shared with the users.

Blockchain technology curbs these issues to an extent with its implementations. As there are no intermediaries, there could be huge savings on transaction fees. Users have control over their data and profits can be redistributed among the blockchain ecosystem stakeholders. Yet, blockchains too have some drawbacks.

Traditional Peer to Peer platforms aren’t cost-effective, and blockchainplatforms have their limitations as well. ERA SWAP utilises this opportunity to build an ecosystem that solves these problems.  With a mission to create a self-sustainable marketplace for the betterment of society by appreciating the value of work delivered by the users, ERA SWAP intends to become the most adopted value exchange for Time of services, Education and Crypto-assets.

ERA SWAP has carefully planned to address different aspects of the ecosystem, such as growing demand,  volatility reduction, increase in the adoption of cryptocurrencies, minimizing transaction charges for all the users, etc. This is how Era Swap plans on implementing its solutions -

●       By creating a community-based platform where people extend and

avail services from each other on the basis of per unit time cost quoted by the person offering the service.

●       Era Swap provides a wallet which allows users to swap tokes at a minimal fee without going to any exchange.

●       Smart contracts that govern the distribution of mined coins.

The most important part of the Era swap ecosystem is the Era Swap Token (EST). EST will be used on the Era Swap platform to buy and sell tokenized time. It is carefully planned to address different aspects for all the users.

Era swap curators - advocacy on TimeSwappers platform

We are on the track to disrupt freelance marketplace and yes disruption is not easy to adopt, but we are not far away from our goal, our vision of creating a self-sustainable P2P marketplace for the betterment of the society.

Canany buyer directly approaches a seller without middlemen?

Yes they can; but since last few decades both buyers and sellers are used to the existence of middlemen and both buyers and sellers are sharing their hard-earned profits with these intermediaries. Middlemen are just the trusted 3^rd party which can be always be replaced withtechnology which is public and transparent.

Who is a Curator?

Era Swap brings a blockchain based P2P decentralized marketplace free from middlemen. There can be some minimal chances of dispute between buyers and sellers in some cases which can be resolved with curators - a crucial member of the Era Swap community who helps in dispute resolution on Time Swappers platform.

How to become a Curator?

In order to become a curator, a user has to vest 10,000 Era Swap Tokens and fill up their required details in curators’ form to qualify for the role of curator. Once he is approved, he becomes a Qualified Curator on Time Swapper.

Vesting 10,000 Era Swap tokens is done here to make a curator understand his responsibility. If he is irresponsible and doesn’t performs his task carefully, he will lose his rewards from curators’ payouts. With time and experience; curators will be groomed and skilled in their roles to perform flawlessly on time Swappers. Once the curators become self-capable with time, the dispute settlement becomes accurate.

What are the roles of Curator?

Curators are required in case of any dispute resolution; promptly and without being biased. Both buyer and seller are given with option to raise a dispute if they are unsatisfied. In case user raises a dispute; 5 qualified curators are selected in random by the system who receive notifications to resolve dispute with voting; which gets published in 48 hours. A curator has to be available at least 50% of the time per month on the platform for dispute settlement.

Curator can accept or can reject this specific system raised demand to vote.If Curator accepts the request he/she has to investigate and study the complete project based on the evidence submitted by the buyer and seller. Curator denying the dispute settlement offer will lose 10% from his curators reward each time he rejects a dispute settlement trial

A curator has to vote judiciously and carefully based on the investigation and study; because the curator voting in favor of the party (buyer or seller) who lost the dispute; will lose 25% from his curators’ reward.

Reward of Curators

Users who take the responsibility of a curator will be rewarded 5% of the total Newly Released Tokens on monthly basis for unbiased decision and contribution in community dispute settlement. One has to be curator for a minimum duration of 6 months where the prime objective is responsibility, advocacy of truth and unbiased decision making.

How Curator is different from Traditional Dispute Settlement Process?

Era Swap dispute resolution is totally unbiased and prompt to provide safe, secure and hassle-free feel in the trade to both buyers and sellers.

Conclusion

Be a curator on Time Swappers platform to gain rewards.Vote for a change from the old-age conventional standard, being unbiased in decision making. Any curator can exit from the role after 6 months of duration giving 1 month of prior notice and the vesting amount will be returned to the user.

Era Swap community is continuously growing with support of people. Raise a hand in contribution to such a platform. For more details explore https://eraswaptoken.io.

The Crisis Predictions And Its Solutions With The Era Swap.

The commencements of another financial crisis are already in the flow - and it will be superior to the global destruction of 2008.

That's only conviction made by one of the select group of economists who predicted the 2008 economic crisis, which begun with the bankruptcy of Lehman Brothers bank a decade ago and ended up disturbing each country across the globe.

More than two years back, the crisis of 2006 was predicted, before it actually struck.

Information arose to Sky News that global debt was now more than 3 times the level of global GDP.

"So naturally it is not going to be repaid, and naturally there is going to come up a point when that debt triggers the next crisis. And, for us, that trigger is going to be elevated rates of interest,".

On that context, now to help you in making the best decision in investing in digital assets Era Swap has come up with Era Swap token (EST) and its ecosystem. The team determined that the current community at large needs a middle-man-free, transparent ecosystem where they can get paid directly without deputation from any employer or meet any kind of phony or face any swindle ahead.

Era swap has established a platform for this worldwide community and has come up with the idea to launch the Era Swap ecosystem, which will be supported by the Era Swap token. This unique token ecosystem defines time as a service.

Era Swap is offering 5% of its total tokens for sale in the crowdsale period. After this initial sale, these tokens will only be earned and/or bought from those who have purchased them during the crowdsale or those who have earned them.

Contractual jobs are on the rise. 59.7% percent of the working population today are independent workers, consisting of people who are unemployed, laid off, or sick of monotonous jobs and want to take control of their life. As much as this industry has grown, the existence of middlemen and their exorbitant fees has an adverse effect on both buyers and sellers. Era Swap aims to revolutionize this 30-billion-dollar industry by eliminating the middlemen. The first and foremost aim behind developing the Era Swap ecosystem is to provide the benefits to the public and to make transactions safer for all the digital assets enthusiast.

Also, Era Swap has come up with the effective tool, which includes the decentralized platforms, Blockchain technology, secured methods for transactions, and other various solutions to benefit the community members.

BLOCKCHAIN OFFERS SOLUTION FOR THE COMMUNITY USING IT’S EFFECTIVE FEATURES

Blockchain is a distributed ledger system with a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.

A blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Due to high Byzantine fault tolerance, the data, once recorded in any given block, cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.

By storing data across its peer-to-peer network, the blockchain provides decentralization and eliminates central point of failure. Every node in a decentralized system has a copy of the blockchain. No centralized "official" copy exists and no user is "trusted" more than any other.

Blockchain platforms vary from one another due to its implementation style. A good distributed ledger system can be assessed by the following metrics:

Scalability

The most important feature distinguishing different blockchain platforms is the ability to scale. There are two major factors affecting the scalability of a system.

A.     Firstly, blockchain is a growing list of records which increases in size after every block. This in turns make blockchain more scalable and it keeps on growing.

B.     Secondly, the transaction time, often referred to as block-time, defines the frequency at which transactions are added to the blockchain.

This depends highly on the network organization and consensus. In consensus algorithms like POW, validators solve mathematically complex problems, making the system take up a certain amount of time to reach consensus, inherently limiting the transaction speed. A low block-time can increase your transactions per second but can also open up security threats like Race attacks or Finney attacks and keeping it too high could result in reduced transaction speed.

Security

Blockchains are different from classical distributed databases due to the security it offers, which is paramount for any distributed system. They are designed from the ground up to be secure. Malicious practices are taken for granted and care is taken to minimize impact when a security vulnerability is discovered or on invalid user input.

The two important features adding to security are immutability and decentralization.

A.     Immutability is partially achieved through novel methods of public-key cryptography, which makes sure that any data on blockchain is tamperproof. Since the data is stored across its peer-to-peer network, no centralized "official" copy exists. This removes the central point of failure. Although data that currently exists are secure, it is very much vulnerable when new data are added.

B.     The security of blockchain is achieved mostly throughdecentralized consensus. State transitions or data additions are made only when majority of the network agrees on it. Due to the network effect, as the network grows larger in size, the ability to counter bad actors also increases.Thus based on the features, blockchain proves its worth and has been used to create DAPP (Blockchain based decentralized Apps) for the betterment of the community and to provide benefit to the society.

Using the abovementioned features of next gen blockchain technology; Era Swap is coming up with a blockchain based decentralized P2P global marketplace for service providers and service seekers which empowers both buyers and sellers. It tokenizes time as service and offers solution to various elementary and still prevailing challenges of other traditional platforms or marketplaces.

Be a part of this next gen global marketplace to seek maximum benefits as the marketplace will have several complementing components to make it completely self-sustainable empowering the users with ease of trading on Era Swap marketplace.

Explore www.eraswaptoken.io to know more about Era Swap marketplace ecosystem or subscribe to Era Swap YouTube channel for the latest updates on Era Swap :  http://bit.ly/2D5jE90

 

How does ERA SWAP platform address the issues with traditional Peer-to-peer platforms?

Over the years, traditional P2P platforms have become indispensable, and have started taking advantage of that fact. Traditional platform solutions charge about 10-20% fees per transaction. Data collected from users becomes company property, and the data is then used by the company as they see fit. Users have no control over their data while the profits of the platform go to the company and nothing is shared with the users.

Blockchain technology curbs these issues to an extent with its implementations. As there are no intermediaries, there could be huge savings on transaction fees. Users have control over their data and profits can be redistributed among the blockchain ecosystem stakeholders. Yet, blockchains too have some drawbacks.

Traditional peer to peer platforms aren’t cost-effective, and blockchain platforms have their limitations as well. ERA SWAP utilises this opportunity to build an ecosystem that solves these problems.  With a mission to create a self-sustainable decentralized  marketplace for the betterment of society by appreciating the value of work delivered by the users, ERA SWAP intends to become the most adopted value exchange for Time of services, Education and Crypto-assets.

ERA SWAP has carefully planned to address different aspects of the ecosystem, such as growing demand,  volatility reduction, increase in the adoption of cryptocurrencies, minimizing transaction charges for all the users, etc. This is how Era Swap plans on implementing its solutions -

●       By creating a community-based platform where people extend and

avail services from each other on the basis of per unit time cost quoted by the person offering the service.

●       Era Swap provides a wallet which allows users to swap tokes at a minimal fee without going to any exchange.

●       Smart contracts that govern the distribution of mined coins.

The most important part of the Era swap ecosystem is the Era Swap Token (EST). EST will be used on the Era Swap platform to buy and sell tokenized time. It is carefully planned to address different aspects for all the users.