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.
Fans can increase their TimeCoin holding by 12% after 6 months of staking and 24% after 12 months of staking. The increased portion will be split 50/50 between the fans and the creators.
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.