The global world is enduring rapid changes due to the assistance of technology and its products. The financial world also has a role to play in this and can’t be left out. Satoshi Nakamoto first launched cryptocurrencies with bitcoin as the very first cryptocurrencies to be engendered. How many cryptocurrencies have you come across so far? Currently, there are numerous cryptocurrencies that have been generated. We can think of Ethereum, Litecoin, Ripple, DASH etc. with several ICOs going on which would also generate new cryptocurrencies.
The amalgamation of fiat currencies and digital currencies has resulted in the development of exchange platforms where fiat currencies can be used to buy cryptocurrencies. Moreover, most people do some investment in cryptocurrencies. These people do purchase most digital cryptocurrencies and trade with them. There are also countless existing exchange platforms and we can talk of etherdelta, forkdelta, Okex, Ddex, Kucoin just to mention a few. These exchange platforms have rendered massive services to the public. I remember I lost a huge sum of money on one exchange site due to hacking of the exchange site. The question I use to ask myself is that; when will we get tight security so as to allay anxiety if we keep monies at those exchange platforms?
Creating a self-sustainable marketplace for the betterment of the investors and bounty hunters has been a crucial focus by the team.
**Problems with traditional centralized freelancing platforms:
- Traditional platform solutions charge about 10-20% fees per transaction.
- Data collected from users becomes company property and the data are used by the company as they see it fit; uses have no control over their data
- The profits of the platform go to the company and nothing is shared with the users.
Token Allocation
The Blockchain Solution with blockchain the traditional problems could be resolved.
As there are no intermediaries, there could be huge savings on transaction fees Users have control over their data.
Profits can be redistributed among the blockchain ecosystem stakeholders However, blockchain and cryptocurrencies have their drawbacks.
Blockchain transactions are slow and hence are not realistic for use cases that are required to deal with high volume of transactions.
Cryptocurrencies are extremely volatile, which reduces the possibility of using them for buying and selling services.
To buy or sell cryptocurrencies, users have to go to exchanges, thus they unnecessarily end up paying transaction fees to move their tokens from their wallet to exchanges.
Lastly, lack of blockchain education is a huge obstacle for its adoption.
Team Members
This project is backed by a group of individuals that are highly knowledgeable in their field of discipline and are self-possessed to carry this project to great success. Below are few of the team members, please refer to the whitepaper or website for more information about the full team.
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Website: https://eraswaptoken.io/
Whitepaper: https://eraswaptoken.io/pdf/era-swap-whitepaper.pdf
Facebook: https://www.facebook.com/eraswap
Twitter: https://twitter.com/eraswaptec
Telegram: https://t.me/eraswap
Author: Kapee
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2003621