The sharing economy is booming.
But power is skewed towards the platforms such as Uber, AirBnB and Upwork. It's hard for competitors to attract buyers and sellers. Leading sharing economy marketplaces become monopolies, an advantage they exploit to extract a large portion of value.
TimeCoinProtocol provides a platform on which to build a fairer sharing economy.
The TimeCoin token (Symbol: TMCN) is an Ethereum-based, native token created to support the functions of the TimeCoin Protocol.
The TimeCoin token will function as the mean of payment for goods and services to users throught the dApps built upon TimeCoinProtocol; the mean of payment for transaction fees; and the allocation of rewards for platform supporters.
A portion of TimeCoin tokens earned and transaction fees are redistributed to users of the platform.
Rewards are proportionate to contributes regardless of contribution type. i.e. loyalty, numbers of transactions, size of transactions, growing the network, supporting the operation of the network.
The dApp to be launched on TimeCoinProtocol will be TimeTicket. TimeTicket is a mature sharing economy marketplace from the team behind TimeCoinProtocol. 500,000 TimeTicket users will become users of TimeCoinProtocol once ported over.