Decentralizing The Sharing Economy – $TMCN Listing on BiKi

$TMCN (TimeCoinProtocol) listing is up on Biki Exchange, a digital assets platform for trading more than 150 cryptocurrencies and 250 trading pairs. Investors and traders can check out TMCN/BTC starting today. 

Powered by decentralised protocol, TimeCoinProtocol

$TMCN is an Ethereum-based, native token created to support the functions of the TimeCoin Protocol. The TimeCoin tokens will be the fuel that drives the gig and sharing economy as well as Esports powered by the TimeCoinProtocol (TCP). The token function as a means of payment for various uses such as for the payment of transactions fees; for transactions performed in the network; and for the allocation of rewards for network supporters.

$TMCN listing on BiKi_diagram of usecase
$TMCN token use case

TCP is a decentralized protocol that allows developers to build and operate decentralized applications (dApps) while also facilitating peer-to-peer trade without the need for intermediaries.

TCP is also designed to incentivize cooperation and healthy competition between participants among the sharing and gig economy:

1) Sharing economy:  Assets can be shared efficiently in addition with service providers running businesses with lower cost, thus allows users to get better service at lower fees.

2) Gig economy: Buyers can get better service at a lower fee as both buyers and sellers can record their trade history and reputation outside of dApp. It also provides correlative tools that allow sellers to actively seek out users who are likely to be interested in their services.

3) Content creators: By eliminating middleman which could take a huge cut or commission from content creators, they are more motivated to create more works which will in turn increase their fan base and fans benefit with increased engagements.

4) Esports: Creating a space where Esport players can enjoy more rewarding avenues to game and increase fan engagement with more interactive opportunities such as allowing the fan to play and learn from the Esport player.

Backed by Tokyo Stock Exchange Listed, Globalway Inc

The company behind TimeCoinProtocol, Globalway Inc, an internet and cloud application integration company which is listed on Tokyo Stock Exchange. Globalway has experience running employee generated contents site which has more than annual 55,000,000 unique users.

It is also the owner of popular sharing economy service provider, TimeTicket, a platform where people can buy and sell time in 30-minute intervals which promotes the sharing of skills and exchanging of knowledge.

TimeTicket currently boasts more than 450,000 users in its bustling marketplace. These users will be given the opportunity to make the most of TCP once it’s transformed into a DApp.

Reward Sharing In The Decentralised Sharing Economy

$TMCN listing on BiKi_
diagram of architecture
TimeCoinProtocol architecture

Anyone can create a dApp within the TCP ecosystem, aided by the developer framework provided, and integrate $TMCN. In so doing, developers will benefit from $TMCN’s incentivized rewards algorithm and will have the ability to tap into TCP’s network and to attract new users. Globalway also envisions the growth in the range of dApps in the TCP ecosystem will allow for full cross-dApp functionality making it easy for users to navigate between services and applications.

In addition, to help new dApp developers enter the sharing economy, TCP features Application Common Libraries (Application Development Kit) containing a range of functionalities and tools. This will help onboard developers and streamline the process while providing support for troubleshooting technical matters.

A portion of the transaction fees and $TMCN tokens earned are redistributed to users of the platform. These rewards will be proportional to the contributions which can be in the form of fan loyalty, numbers of transactions made, size of transactions, efforts to growing or supporting the operation of the network.

$TMCN listing on BiKi
diagram of reward mechanism
$TMCN Hodlers reward mechanism

Macroenvironment

The sharing and gig economies are changing the face of human interaction, work, community, and wealth. These industries hold huge financial value and are set to grow exponentially in the coming years. The sharing economy is predicted to reach a value of $335 billion USD by 2025, while the gig economy is set to reach a colossal $2.7 trillion.

However, there are significant impediments to its full potential being realized and, more importantly to the participants of the economy from enjoying the fruits of their efforts. A large reason is due to the dominance of the service providers that are dominating the sharing economy and charging high fees and charges, with some taking as much as 30% commission, which thereby eroding a significant portion of revenues for the freelancers (service providers) and clients (service consumers) alike.

TCP upcoming development plans

TimeCoinProtocol plans to release the two dApps, “eSportStars” and “TimeTicket”.

The existing TimeTicket, premier sharing economy service in Japan will have its dApp version and is targeting to be released in China, India, and other regions.

The flagship dAPP, eSportStars seeks to be a platform that unites professional players with fans. A plethora of top games are planned to be supported including Fortnite, Call of Duty Mobile, and Counter-Strike: Global Offensive.

eSportStars is for everyone including professional Esports players, fans/casual players aiming to become professionals around the world. It’s an unprecedented service that offers all players the opportunity to find suitable opponents to play against as well as hosting tournaments and competing in popular Esports games beyond geographical boundaries to gain skills, experiences and recognition.

The current Alpha version of eSportStars has already an existing pool of 10,000 users and already generating revenue. A flurry of new features will be added in the coming months such as multi-language support across 31 countries is in the pipeline, with plans to register more than 1,000 games from around the world, as well as expand into talent management of Esports players, Esports related video streamers and VTubers. eSportStars hopes to offer talent contracts that will enable content creators to earn a living without having to sacrifice a substantial chunk of their fees to tech giant, such as Youtube.

eSportStars will also look to serve as a marketplace by leveraging NFTs, to enable gamers to have more ownership over the in-game items they have.

Both dApp users will be rewarded with $TMCN by playing esports games on eSportStars and purchasing services on TimeTicket, which users can be used as the payment tokens.

A diverse range of set to be built on TCP and it envisions that in time, there will be something for everyone. 

“BiKi is one of the fast-growing crypto exchange and has great reputation in Asian market. We are very excited to work with BiKi for $TMCN listing,” commented Masato Kakamu, CEO, Globalway Inc, TimeTicket Inc and TimeTicket GmbH.

The listed pairs of TMCN/BTC is opening on BiKi exchange on the 14th April 2021. Investors and traders can look out for more information on our social media channels and communities listed below.

Reasons to trade $TMCN listing on BiKi Exchange

No Deposit fees 

BiKi accepts deposits only from cryptocurrencies (BTC and USDT) and does not charge a deposit fee.

Below than average trading fees

For each cryptocurrency coin, the BiKi platform uses a flat charge of 0.15 percent, which is very attractively competitive on the market and below the level of industry for similar cryptocurrency trading exchanges.

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For other listings: https://blog.biki.com/mwc-listing-on-biki-exchange/

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