What is Era Swap (ES)?
ES is a decentralized utility token that fuels the Era Swap Ecosystem. Era Swap is a decentralized platform that offers various products designed to enable users to generate maximum benefits. You can view the ES price on the Era Swap price chart above.
The platform's key pillars include the following:
- Era Swap Blockchain Network. The blockchain protocol underpins the entire Era Swap ecosystem. The network aims to achieve scalability, decentralization, and security. It seeks to solve the blockchain trilemma. Era Swap Blockchain can achieve 100 TPS at a low cost (98% lower than the Ethereum Network). Besides, it uses the Proof-of-Stake consensus mechanism for fast and cost-effective transaction confirmations
- Era Swap DAO.The decentralized autonomous organization uses a consensus mechanism to enable mutual benefit between the stakeholders and the organization. The DAO allows the community to generate maximum benefits by maximizing its contribution.
- Era Swap Decentralized Ecosystem. The Web 3.0 protocol that eliminates intermediaries, enabling peer-to-peer and secure transactions. It offers other unique features, such as single sign-on through a single Era Swap wallet to access multiple Era Swap dApps.
Besides that, Era Swap has multiple utility platforms, including Time Swappers, BuzCafe, Swappers, BetdeEX, TimeAlly DApp, ComputeEX, DApp, and TimeAll.
Use Cases of ES Tokens
The Era Swap coin is a multi-utility asset that can be used across various platforms on the Era Swap network. The token can be used to pay for products and services on the Era Swap network. Token holders can also enjoy other benefits, such as discounts on network fees, when they make payments in Era Swap crypto. Besides, users can stake their ES assets to earn more ES tokens.
Don't forget to take a look at the Era Swap price chart above. It features the current and the previous ES price.
Who Founded Era Swap?
Tarun Baur is the founder of Era Swap. He is an experienced entrepreneur focused on result-oriented business plans. He has a proven record of accomplishment and execution in banking and financial services, digital assets, IT-enabled services, real estate, and the telecom industry. The project is also backed by a team of 17 experienced experts in various relevant fields.
Era Swap Tokenomics
Era Swap has a maximum supply of 9.1 billion ES tokens. All the tokens are pre-mined and get released monthly through a smart contract. Era Swap coin employs a token burn mechanism that decreases the newly released tokens every calendar month. The mechanism ultimately burns 10% of the tokens every year. The token-burning mechanism regulates the number of tokens supplied. It protects the token from undesirable inflation. Consequently, the mechanism balances the token's supply and demand, hence preserving the token's value as reflected in the Era Swap price.
