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Era Swap Token

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Discover Era Swap Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Era Swap Token?

Era Swap Token (ES) is a decentralized utility token built on the Ethereum blockchain (ERC20). It is designed to be used across multiple platforms within the Era Swap Ecosystem, including Time Swappers, Swappers Wall, BuzCafe, TimeAlly DApp, BetdeEx, DApp, ComputeEx, and TimeAlly. The token is based on a carefully crafted reward plan with strong tokenomics, aiming to maximize benefits for the community.

How is Era Swap Token used?

The Era Swap Token (ES) is a decentralized utility token that operates on the Ethereum blockchain (ERC20). It is designed to be used across multiple platforms within the Era Swap Ecosystem, which includes various utility platforms for daily life such as Time Swappers, Swappers Wall, BuzCafe, TimeAlly DApp, BetdeEx DApp, ComputeEx, and TimeAll.

The primary utility of ES lies in its ease of access and smart contract-driven reward distribution for transparency. Users can utilize ES to avail discounts, get rewards, and exchange services within the ecosystem. The rewards earned can be redeemed back by users within the ecosystem.

Some specific use cases include:

  • TimeAlly DApp: ES is used for token vesting and reward distribution to community members based on their contributions.
  • BetDeEx DApp: ES is used for decentralized prediction, where users can predict and win.
  • Era Swap Academy: ES is used for learning blockchain technology and other advanced technologies.
  • Time Swappers: ES is used for peer-to-peer social marketplace transactions, where users are rewarded for sharing original content.
  • Era Swap Wallet: ES is used for decentralized and secured wallet transactions.
  • BuzCafe: ES is used for peer-to-peer retail transactions.
  • Swappers Wall: ES is used for social platform transactions integrated with the marketplace.

Overall, the Era Swap Token is designed to facilitate seamless transactions and reward distribution across various platforms within the Era Swap Ecosystem.

How do I store Era Swap Token?

To store Era Swap Token (ES) tokens, you have two primary options: storing them on an exchange or using a non-custodial wallet.

Storing on an Exchange

Holding your Era Swap Token (ES) on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, lending, and more. The exchange securely holds your funds, eliminating the need to manage and secure your private keys. However, it is crucial to select an exchange that implements strict security measures to ensure the safety of your assets.

Using Non-Custodial Wallets

For enhanced security, you can withdraw your Era Swap Token (ES) to a non-custodial wallet. This option grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Keep in mind that this method may be less convenient if you plan to trade your tokens frequently or engage in activities like staking or lending. It is essential to store your private keys securely, as losing them can result in the permanent loss of your tokens.

How to buy Era Swap Token?

To buy Era Swap Token (ES) tokens, follow these steps:

Buying Era Swap Token (ES) on a Centralized Exchange
  1. Choose a Reliable Centralized Exchange: Select a trustworthy crypto exchange that supports Era Swap Token (ES) purchases. Consider factors like ease of use, fee structure, and supported payment methods.

  2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require government-issued identification documents. This step varies by exchange and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.

  2. Buy Era Swap Token (ES): Use fiat currency to buy a popular cryptocurrency like USDT, and then exchange it for Era Swap Token (ES) on the exchange. Alternatively, if supported, you can buy Era Swap Token (ES) directly with fiat currency.

Buying Era Swap Token (ES) via a Crypto Wallet
  1. Choose a Reliable Crypto Wallet: Select a reputable crypto wallet that supports Era Swap Token (ES).

  2. Download and Create a Wallet: Download the wallet app and create a new wallet address or import an existing one. Make sure to securely store the seed phrase.

  3. Buy Era Swap Token (ES): Purchase Era Swap Token (ES) using a supported payment method. Check the fees, as they may be higher than those on exchanges.

  1. Swap for Era Swap Token (ES): If the wallet doesn't support direct fiat-to-ES purchases, buy a popular cryptocurrency like USDT and then exchange it for Era Swap Token (ES) through the wallet or on a decentralized exchange.
Additional Tips
  • Ensure the exchange or wallet you choose supports Era Swap Token (ES) trading.
  • Consult the exchange's customer service or announcements if you encounter any issues.
  • Be aware of tax implications and consult local authorities if necessary.
  • Store your Era Swap Token (ES) securely in a wallet or cold storage after purchase.
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History of Era Swap Token

The Era Swap Token (ES) is a decentralized utility token built on the Ethereum blockchain (ERC20) and designed for use across multiple platforms within the Era Swap Ecosystem. This ecosystem includes various applications such as Time Swappers, Swappers Wall, BuzCafe, TimeAlly DApp, BetdeEx, DApp, ComputeEx, and TimeAll.

Historically, the Era Swap Token has experienced significant price fluctuations. Its all-time high was recorded on May 28, 2020, when it reached $1.40. Conversely, its all-time low was on September 14, 2022, at $0.0002921. This indicates a significant drop in value over time, with the token currently trading at a fraction of its peak price.

The token's market capitalization and trading volume have also varied over time. At one point, its market capitalization was $6,288,565, and its 24-hour trading volume was $91. The token's circulating supply is 2,357,714,755 ES, with a total supply of 4,129,550,431 ES and a maximum supply of 9,100,000,000 ES.

Despite the fluctuations, the Era Swap Token remains a part of various cryptocurrency markets and is tracked by several platforms, providing historical price data and real-time updates.

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How Era Swap Token works

The Era Swap Token (ES) is a decentralized utility token based on the Ethereum blockchain, adhering to the ERC-20 standard. It is designed to be used across multiple platforms within the Era Swap Ecosystem, which includes various applications such as Time Swappers, Swappers Wall, BuzCafe, TimeAlly DApp, BetDeEx, and more. These platforms provide services like peer-to-peer social marketplaces, education, charity, prediction, lending, borrowing, and decentralized wallets.

Key Features
  • Utility: The ES token is used for various purposes within the ecosystem, including discounts, rewards, and exchange of services. It is designed to provide ease of access and transparency through smart contract-driven reward distribution.
  • Ecosystem Integration: The token is integrated across multiple platforms, allowing users to access different services and redeem rewards within the ecosystem.
  • Decentralized Wallet: The Era Swap Wallet is a decentralized and secured wallet with HD wallet capabilities, providing users with a secure way to manage their tokens.
Trading and Availability
  • Exchanges: ES tokens can be traded on centralized crypto exchanges like ProBit Global, where the most active trading pairs are ES/BTC and ES/USDT.
  • Price: The price of ES tokens is calculated in real-time and can be tracked on platforms like CoinGecko.
  • Market Performance: The token's market capitalization and fully diluted valuation are tracked and updated regularly.
Token Swap and Migration
  • Token Swap: If the project decides to migrate to a different blockchain, a token swap process would occur, where the existing tokens are replaced with new tokens on the new blockchain. This process can be handled by exchanges or requires manual registration by token holders.

Overall, the Era Swap Token is designed to provide a seamless experience across various platforms, leveraging blockchain technology for transparency and security.

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Era Swap Token's strengths

The Era Swap Token (ES) has several strengths that contribute to its value and functionality within the Era Swap ecosystem:

  1. Decentralized Utility Token: Era Swap Token is a decentralized utility token, allowing for peer-to-peer exchange using smart contracts within the Era Swap decentralized economy.

  2. Scalability and Speed: Era Swap Network (ESN) offers scalability, speed, and low-cost transactions, with the ability to process up to 500 transactions in every 5 seconds at 98% lower costs compared to the Ethereum blockchain.

  3. Trustless Security: ESN provides trustless security for users by operating on an alternative chain, ensuring that users are not dependent on a single actor for transactions.

  1. Proof of Stake Consensus Mechanism: The network uses a Proof of Stake (PoS) consensus mechanism, which is a fault-tolerant mechanism that ensures the blockchain functions without relying on a single actor. This mechanism allows for distributed consent among network participants.

  2. Community-Driven Growth: The growth of ESN is solely dependent on the community, and participants can create liquidity and generate rewards through their efforts. This community-driven approach ensures that the success of ESN is determined by the collective efforts of its participants.

  3. Incentivized Staking: The PoS consensus mechanism incentivizes stakers through rewards distributed via smart contracts, ensuring that participants are motivated to secure the network and maintain its integrity.

These strengths collectively contribute to the robustness and functionality of the Era Swap Token and its ecosystem.

Era Swap Token's risks

The Era Swap Token (ES) is subject to various financial risks. One significant risk is market risk, which means the token's value can fluctuate significantly due to market conditions. Additionally, there is a risk of financial loss for delegators in the Era Swap Network (ESN), particularly through delegator burning.

Another risk associated with ES is the potential for token swaps. Token swaps, also known as token migrations, involve transferring tokens from one blockchain to another. This process can be complex and carries risks such as missing deadlines, handling the process incorrectly, and the potential for tokens to become worthless if not swapped correctly. Furthermore, token swaps are not "trustless" processes, requiring users to trust the project implementers to execute the shift correctly.

In the context of ESN, users are required to comply with Know Your Customer (KYC), Anti-Money Laundering (AML), and Combating Financing of Terrorism (CFT) norms, which adds an extra layer of complexity and potential risk.

Overall, investors in ES should be aware of these financial risks and carefully consider them before participating in the token ecosystem.

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Did Era Swap Token raise funds?

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Era Swap Token's ecosystem

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Era Swap Token’s team

  • Tarun Baur: Chief Executive Officer
  • M. Murali Sundaram: Chief Information Officer
  • Vikash Kumar: Chief Marketing Officer
  • Davendra Pathak: Chief Distribution Officer
  • Sasha Hodder: Legal Attorney
  • Alberto Daniel Hill: Chief Security Officer
  • Michael Atkinson: National Head - Australia
  • Prajakta Baur: CHRO
  • Timo Trippler: Brand Ambassador - France and Germany
  • Vinshu Gupta: Blockchain Architect
  • David Groener: Brand Ambassador - Portugal & Spain
  • Chirag Bajaj: Market Intelligence Head
  • Ramesh ShriKonda: Sr. Process Manager
  • Narayan Prusty: Head of Blockchain Engineering
  • Sana Najeeb: Product Development Manager
  • Tittu Varghese: Project Architect
  • Sumit Patel: Lead Blockchain Developer
  • Casper Swanepoel: Brand Ambassador - Africa
  • Manoj Kumar: Head - BTL
  • Giacomo Arcaro: Growth Hacker
  • Siddharth Narda: Film Editor, VFX, Motion Graphics
  • Bhakti Patil: Market Business Analyst
  • Chirag Bhatia: 3D Journalist
  • Nidhi Bajaj: Corp. Social Responsibility

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