Era Swap has been introduced as a blockchain based alternative to the traditional freelancing platforms. It fulfils the increasing demand for a secure and reliable freelancing platform where service providers can earn the best benefits.
The problems with existing freelance marketplaces
Freelancing is a profession where an individual or group of individuals provide services to clients without going through an organization or company. While the evolution of the internet has made life easier for freelancers by providing them with numerous options to find and connect with potential clients, it has also contributed to limiting the freelance earning by promoting the concept of middleman.
Some of the obvious examples of a middleman are freelancing marketplaces, meet-up platforms and co-working websites that connect services providers with service seekers. The problem is that the agent service of these platforms is not free of cost. They charge a hefty commission (usually ranging up to 20-30%) of the freelancer earning for simply letting them use the platform. Besides that, these platforms have complete access and control over the user data, which creates security risks.
At present, blockchain is emerging as a reliable solution to the agent problem of the freelancing platforms.
Era Swap - A Blockchain based solution for freelancing industry
Era Swap is a blockchain-based service exchange platform ecosystem where people can buy or sell services in the form of tokenized time. The most important benefit is that they have to pay no commission to the platform itself, as the transaction happens directly (peer to peer) between the seller and the buyer.
Era Swap is designed with attention to each aspect of an ecosystem such as the volatility of tokens, demand, cryptocurrency adoption, transaction charges, etc. Different apps have been created to tackle different issues, as follows:
Time Swappers Platform
Time Swappers is a transparent peer-to-peer marketplace for freelancers to trade their services with potential customers in the form of tokenized time. The thing to note here is that service providers keep their entire earnings as no commission is to be paid to anyone.
Era Swap Wallet
Era Swap Wallet is a digital wallet that supports multiple digital currencies and also allows in-wallet swaps of selected tokens. Token holders can use this wallet to store their tokens as well as exchange them for other top currencies without having to move to an external exchange.
ComputeEx
ComputeEx is one of it’s kind of crypto exchange that has been integrated with the Era Swap wallet. The exchange enables users to perform in-wallet swaps while keeping a track of the token rates from different exchanges. 50% discount in escrow and service fee is offered to the users of Era Swap tokens (EST).
TimeAlly
TimeAlly is a smart contract designed with the primary aim of reducing the volatility of EST by controlling its demand and supply. It does that by rewarding users who hold their tokens in the contract for a long time.
Blocklogy
Blocklogy is a blockchain education platform that enables youth to learn the various aspects and concepts of the blockchain technology so that they can start developing future-oriented blockchain applications.
Thus, Era Swap effectively addresses the various aspects of the ecosystem through its productive solutions. Unlike other blockchain projects, Era Swap has its focus on the entire ecosystem and its interlinked components.