TimeCoinProtocol - decentralized sharing economy protocol

[TimeCoin Protocol]

DeFi Digest

What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy.
 
Over the past week, DeFi’s TVL dropped from $82.79B to $79.6B (with a local low of $75.5B). We’re all watching where the market is moving in excitement!

The DeFi market continues changing and we will continue watching it for you! We believe in keeping track of the market and staying up to date with trends.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

TimeTicket: the platform that started it all

In today’s post we would like to reminisce how it all began for our project! We’re talking about the TimeTicket app.

TimeTicket functions as an intermediary between people who want to provide services by selling their own time and people who want to purchase them. ‘TimeTicket’ allows users to buy and sell personal time in 30-minute units. TimeTicket has grown rapidly since the service was launched.Gross Merchandise Value, the total value of merchandise sold on the platform, has increased more than 30-fold within several years and half. The number of users has now reached approximately 1,500,000.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

Generation Z and its relationship with cryptocurrencies

Cryptocurrencies have become one of the major assets, especially for young people.

The CNBC Millionaire Survey showed that 83% of millennial millionaires own cryptocurrencies, which polls backers with interesting assets of $1 million or more.

Furthermore, more than 50% of the enthusiasts have at least 50% of their wealth in cryptocurrencies.

In contrast, only 4% of baby boomers hold any cryptocurrency. In addition to that, more than three-quarters of Gen X don’t own any cryptocurrencies.

The survey showed that millennials remain the major driving force in the cryptocurrency space and intend to hold on to the role this year.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

Key points about TimeCoinProtocol

TimeCoinProtocol is a decentralized platform on Ethereum blockchain which 3rd party dApp developers can easily use to develop and operate sharing economy services.

We have 3 applications, TimeTicket, GameTomodachi, and eSportStars.

TimeTicket already has 1,500,000 users.

eSportStars is a platform that connects esports players and fans from around the world.

GameTomodachi is a game player matchmaking service under development.

Want to learn more? Visit our website at https://www.timecoinprotocol.com

[TimeCoin Protocol]

How does cryptocurrencies change the world?

Blockchain and digital assets have earned a significant part in our lives. They are used by both large companies and regular people on a daily basis. You can pay for food, restaurants, and entertainment in coins, while some smartphone manufacturers are even putting cryptocurrency wallets in their devices by default.

Our goal is to make the world a better place, and also become an integral part of it! TimeCoin is the project of the future. In addition to having clear-cut global plans, we’re growing and developing every day! We want to make finance more convenient and accessible for the broad public.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

TimeCoinProtocol important links

We are always online, and today we’d like to reiterate on the official list of our social media pages!

To begin, visit our website: https://www.timecoinprotocol.com
There you will find information about our project, token, developer team and a lot of other interesting things!

Also subscribe to our social media pages:

🔅 Telegram chat  https://t.me/TimeCoinProtocol
🔅 Reddit              https://www.reddit.com/user/TimeCoin_Protocol
🔅 Twitter              https://twitter.com/_TimeCoin_
🔅 Facebook         https://www.facebook.com/TimeCoin-Protocol-100824841700770
🔅 Medium            https://medium.com/timecoinprotocol
🔅 LinkedIn           https://www.linkedin.com/company/timecoinprotocol/?viewAsMember=true
🔅 Bitcointalk        https://bitcointalk.org/index.php?topic=5260205

[TimeCoin Protocol]

DeFi Digest

What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy.
 
Today the DeFi market ended up with a TVL of $76.86B (last week this figure hit a local low of $75.6B, recovering shortly after).

The DeFi market continues changing and we will continue watching it for you! We believe in keeping track of the market and staying up to date with trends.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

What is ETH?

As you may remember, our project is built on the Ethereum blockchain, and today we would like to talk about what ETH and its smart contracts are.

ETH is a cryptocurrency that serves as the economic incentive on the Ethereum blockchain — a decentralized open source software platform.

ETH coins were first introduced on the market in 2014. This digital payment medium is required for using the features of the blockchain, launching applications and all kinds of monetization. ETH is also traded as an asset on cryptocurrency exchanges, and has been maintaining its market capitalization as second only to Bitcoin.

What are ETH smart contracts?

Smart contracts are applications that run on the Ethereum Virtual Machine (EVM). These are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers.

Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. What’s also important is that the contract runs on the blockchain, and will continue to work for as long as there is electricity and the Internet on the planet, regardless of the status of the developer's website or other external factors.

Smart contracts are completely transparent and anyone can monitor the current state of the smart contract as well as audit all the transactions it has been a part of through a blockchain explorer such as Etherscan.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

TimeCoinProtocol architecture

The architecture of TCP is designed to create a productive ecosystem in which cooperation and healthy competition drive development. The connective protocol layer encourages users to engage in cross-dApp usage by allowing them to carry their transaction history, evaluations, and reputation between dApps. This will motivate dApp providers and in-dApp vendors to constantly strive to improve their products and services.

The TCP Application Common Libraries are a JavaScript-based catalog of developer tools that are openly accessible to all TCP developers.

The Open Source Search Server provides a search function that will allow users to search for products and services in TCP dApps.

The protocol offers a number of functions including account management, dApp browsing, product or service transactions, settlement, scoring, and token reward allocation. The protocol acts as an intermediary system that facilitates interactions between dApps, IPFS, and the EOS blockchain as well as external arbitrators and oracles where necessary.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

Congratulations on World Creativity and Innovation Day!

Did you know that today the world is celebrating the Creativity and Innovation Day?

This day was established by the United Nations to celebrate people’s creativity and innovative initiatives all around the globe. Fun fact: it’s just six days after Leonardo Da Vinci’s birthday.

The World Creativity and Innovation Day invites us to look at the existing issues in a new light by applying efficiency and untried methods for the greater good. This is exactly what TimeCoinProtocol is doing!

https://www.timecoinprotocol.com

[TimeCoin Protocol]

What you should know about TimeTicket Inc.

Behind the TimeCoin project is a company well-known in Japan: TimeTicket Inc. In today’s post we would like to talk about the company that brought you TimeCoin!

TimeTicket Inc. is a group company of Globalway and it has been running a skill sharing economy platform since 2016. Then, we started our blockchain project called TimeCoinProtocol as we set up a subsidiary in Switzerland, TimeTicket GmbH in 2018.

The TimeCoinProtocol is the decentralized sharing economy platform on Ethereum blockchain which 3rd party dApp developers can easily use to develop and operate sharing economy services. User data can be shared among dApps on the platform under user’s permissions. We plan to launch NFT marketplace and DeFi functionalities on the TimeCoinProtocol that an investor can earn more than 24% on income return from our DeFi system.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

NFTs are now more popular than Bitcoin?

NFTs are growing in popularity, so much so that Gate.io chief marketing officer says this market segment will surpass Bitcon in market capitalization. According to the expert, this is due to the fact that over the recent months the NFT trend has been on a steady rise, and the public is only growing more aware of the benefits and this technology and how it ties into the Metaverse, which is also becoming more popular.
 
The future belongs to NFTs, say experts, and they back their claims with a number of interesting points. For example, in the future, all art will have NFT equivalents, some of them divisible.
 
Collector item tokenization has also been getting increased attention recently — the number of new investors in BTC or Ethereum has been lower than the number of people interested in buying collectible digital art pieces.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

DeFi Digest

What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy.
 
Sad news: the DeFi market TVL continues its descending trend, and reached $75.4B on Monday. Do not despair — analysts agree that in the next few weeks we’ll see major positive changes.

The DeFi market continues changing and we will continue watching it for you! We believe in keeping track of the market and staying up to date with trends.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

TimeCoinProtocol: how is it different from competitors?

TimeCoinProtocol is a decentralized sharing economy protocol using the Ethereum blockchain. We stand out from most projects with our open source and a number of advantages our product offers! What exactly are we talking about?

Community managed
No data reselling
No deplatforming
No exploitation of monopoly position

TimeCoinProtocol enables service providers to target users who match their criteria; empower users to own and profit from their reputation and creditworthiness and inspire community-derived products and services that can compete with those of big corporations. 

Check our site to learn more https://www.timecoinprotocol.com

https://www.timecoinprotocol.com

[TimeCoin Protocol]

How does eSportStars work?

The esports market is estimated to have 500 million game players worldwide. eSportStars, the first distributed application from TimeTicket GmbH, has been released.

"eSportStars" is for everyone including professional esports players, fans and players aiming to become professionals around the world. It is a distributed application that offers all players the opportunity to find suitable opponents to play against as well as hosting tournaments, which professional players and fans can enter, and compete in popular esports games beyond geographical boundaries.

Fans can support their favorite players by competing against them and players can earn money while training to improve gaming skills. As well as game competition opportunities, there are other types of service that the sellers can offer. For instance, the ideas can be based on what they are good at or what they like to do, such as "teaching how to improve gaming skills", "having a passionate chat about favorite games", "teaching how to become a professional esports player", etc.

https://www.timecoinprotocol.com

[TimeCoin Protocol]

Where to keep track of TMCN price?

The most pertinent issue for the community has been the price of TMCN and how much the price has been moving.

You can always keep track of TMCN price on Coinmarketcap and Coingecko:

https://coinmarketcap.com/currencies/timecoinprotocol
https://www.coingecko.com/en/coins/timecoin-protocol

Another important point: we are working hard at putting TMCN back to its fair value!

[TimeCoin Protocol]

Reasons crypto is popular

Crypto popularity has been steadily growing in recent years. The reason for that? There are plenty:

Freedom, freedom, and freedom. No tax extortionists or regulators.

Emission of the new, digital money, is a pre-programmed process. It doesn’t depend on a politician’s whim.

Anonymity. This is what many people value crypto for!

Anti-inflationary hedge. Cryptocurrencies don’t get inflation by design.

These factors lead us to a simple conclusion: interest in crypto will only continue to rise!

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

What is the point of DeFi?

Each week we publish a DeFi news digest, HOWEVER, what is DeFi anyway? Let’s look into it.

Full individual control over your assets is something the traditional banking system and other financial institutions simply can’t provide. The DeFi technology is what brings this vision closer to fruition. Many innovative financial product developers have already chosen to go with open protocols and decentralized platforms.

The key advantages these solutions provide are:
Users don’t need to trust middlemen with their assets and pay unnecessary commission fees.

All protocols are open source. People from all over the world can build upon it to create new, even better financial solutions.

Today you can find hundreds of DeFi projects on the market, with new ones coming out all the time. Finding a decentralized asset management solution that suits your needs is easy.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

DeFi Digest

What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy.
 
The general trend is not very optimistic - DeFi TVL continues to decline: last week ended at $74.33B. But we would like to remind skeptics that until quite recently, none of us could even dream of such market indicators! Therefore, cheer up  - we are sure that the market will surprise everyone!

The DeFi market continues changing and we will continue watching it for you! We believe in keeping track of the market and staying up to date with trends.

 https://www.timecoinprotocol.com

[TimeCoin Protocol]

Where is DeFi used?

Continuing the theme of the DeFi market, let's talk about where decentralization technology is used? Currently, the main fields of application for decentralized finance are:

Decentralized stablecoins with each coin pegged to a fiat currency and secured with a pledge in cryptocurrency.

Loans and credit, where one group of users deposit funds into the credit pool at interest, and the other can borrow the assets they need on the security of other assets.

Exchanges built on liquidity pools, removing the need for an order book.

Market prediction protocols.

Lotteries, insurance protocols, etc...

There are good grounds to assume that in the next few years we will see how every financial service that exists in the current fiat system will be adapted to work within the cryptocurrency ecosystem. 

 https://www.timecoinprotocol.com