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.