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.
