How does ERA SWAP platform address the issues with traditional Peer-to-peer platforms?
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 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 tokens 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.
For more please visit our website: https://eraswaptoken.io
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