Topic: TimeCoinProtocol - decentralized sharing economy protocol - page 2. (Read 8940 times)

📣TimeCoinProtocol infrastructure

📚TimeCoinProtocol comprises the following key components:

🎯An open source, community managed decentralized sharing economy protocol as basis for decentralized applications (dApps) through which the sharing economy is realized via the peer-to-peer trading of goods and services.

🎯A distributed storage facility called the InterPlanetary File System (IPFS) which holds the product and service information for dApps.

🎯The Ethereum blockchain upon which TCP runs.

📚Anyone can create a dApp within the TCP ecosystem, aided by the developer framework provided, and integrate the TimeCoin token. In doing so, developers will benefit from TimeCoin’s incentivized rewards algorithm and will have the ability to tap into TimeCoinProtocol network and to attract new users to their dApp.

📚As the number of participants in the TCP ecosystem grows, a range of dApps geared around the service economy will take root, with full cross-dApp functionality making it easy for users to navigate between services and applications.

📌 https://timecoinprotocol.com/

📣Why have DeFi projects gained so much popularity?

📚Despite initial concerns about Decentralized Finance (DeFi), it appears that the concept has been successful in establishing itself on the market. The Total Value Locked (TVL) in DeFi has escalated from USD 0.21 billion in January 2019 to USD 183.23 billion in January 2022.

📚In recent years, users have begun to appreciate DeFi's many advantages, including transparency, autonomy, availability, and independence from third parties.

💭The core reasons for this global acceptance of DeFi include:

🎯High compatibility
🎯Greater security
🎯Global accessibility
🎯No entry barriers
🎯Simplified lending/borrowing

💭All of these capabilities make DeFi projects lucrative for businesses and startups as blockchain is changing the landscape of traditional financial systems.

📌 https://timecoinprotocol.com/

📣More information about TimeCoinProtocol

📚TimeCoinProtocol is designed to overcome the bottlenecks that currently prevent the sharing economy from realizing its full economic and social value. Particular attention has been given to the development of a sophisticated and robust reward system to ensure that value accrues to active contributors. Every user who contributes to the ecosystem will receive token rewards proportionate to the work that they have performed.

📚TimeCoinProtocol engenders a more interconnected world in which people are free to work how and when they like; where value accrues to the worker rather than to third parties; and where creatives can cheaply and easily develop sharing economy services and deploy them without being stifled by established industry giants.

🎯 https://timecoinprotocol.com/

📣Crypto in late 2022: what to expect?

📚Blockchain is one of the top technologies that is working towards the development of modernized apps to make our lives smarter and better.

📚As the largest regional spender on blockchain solutions, the United States is projected to spend about 4.2 billion dollars on blockchain solutions by the end of 2022. This proves the fact that even though the crypto market is bearish, it still keeps growing.

📚We are now entering the last month of 2022 which might hold the key to changing the market. Let’s have a look at the top crypto predictions and stats for late 2022.

📚Bitcoin is predicted to trade at $12,117 on December 25, as per CoinCodex.com projection.

📚On the other hand, in spite of Bitcoin's price testing of around $15,000, a CryptoQuant analyst said it will not fall below that amount.

📚Another analyst, CryptoKaleo, predicted that the LTC price is long overdue for a solid pump of up to 0.02 BTC.

📚Bitcoin will be owned by more than 500 million people worldwide by 2022 according to Ric Edelman, founder of the Digital Assets Council of Financial Professionals.

🎯 https://timecoinprotocol.com/

📣DeFi Digest

📚According to the DeFiLama service, Total Value Locked (USD) on Sunday was $42.15B!

📚Compared to last week, TVL remained virtually unchanged.

📚What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy. We will continue to watch it for you! We believe in keeping track of the market and staying up to date with trends.

🎯 https://timecoinprotocol.com/

📣Why does DeFi lending thrive?

📚The lending market is an important funding source for any industry. For cryptocurrency businesses — exchanges, funds, fiat gateway services — the access to cheap loans backed by the predominant asset on their balance sheets can open up a lot of capital-intensive opportunities.

📚New products in this field are especially attractive to borrowers from countries with expensive bank loans. For example, in an economically-unstable Argentina, it’s not uncommon to see interest rates above 60%, and with limited options for inflation-resistant stores of value.

📚This doesn’t just replace traditional financial institutions, it makes loans and deposits worthwhile for both sides, combining the strengths of the traditional finance and DeFi markets.

🎯 https://timecoinprotocol.com/

📣TimeCoinProtocol architecture

📚In the run-up to the AMA with Masato Kakamu we would like to speak about how the TimeCoinProtocol project is built.

📚The architecture of TCP is as follows: connective protocol layer encourages users to engage in cross-dApp usage by allowing them to carry their transaction history, evaluations, and reputation between dApps. This will motivate dApp providers and in-dApp vendors to constantly strive to improve their products and services.

💭The protocol consists of the following:

📌Decentralized Applications
📌Application Common Libraries
📌Open Source Search Server
📌InterPlanetary File System (IPFS)
📌Ethereum Blockchain

💭More information about TimeCoinProtocol architecture you can see on our site!

🎯 https://timecoinprotocol.com/

📣NFT sales are up, NFT buyers are down

📚For many months analysts have been talking about the downtrend on the non-fungible tokens (NFT) market. However, the trend has been broken: over the past 30 days NFT sales saw an uptick of 22.37%, and yet the number of buyers has dropped by more than 12%, with the overall number of transactions dropping by a quarter.

📚Ethereum displays the most growth on the non-fungible token market out of all blockchains.

🎯 https://timecoinprotocol.com/

📣What can you buy with cryptocurrency?

📚Recently cryptocurrency has been seeing a steady increase in popularity, and the number of users. Since almost all cryptocurrencies are, in essence, decentralized and anonymous electronic payment systems, it is easy to see why so many people consider crypto to be the future of money. We have all heard how very soon digital finance will replace cash, but how true is that? What bills can you already pay with crypto – this article will explore your options.

📚When we look through online classifieds, it may seem like you can buy almost anything with crypto these days: luxury real estate, motorboats, sailboats, cars, art, jewelry and even plasterboard (well, if bought in bulk). To be fair, upon closer inspection, these ads often mention crypto for clickbait purposes. That is to say, there are legitimate businesses that accept payments in digital currencies.

💭So what can you buy with crypto nowadays?

🎯Package tours and tickets
🎯Tech (computers, smartphones, etc.)
🎯Cars
🎯Food and drink
🎯Gift cards
🎯Obviously, this list is not exhaustive.

📚Today cryptocurrencies are becoming more and more popular, and here at Credefi we are working on pushing that even further!

🎯 https://timecoinprotocol.com/

📣TimeCoinProtocol's Youtube Channel

📚We want to remind you about our Youtube Channel! Here you can find videos about the project and a recording of Masato Kakamu's latest interview! The project's CEO has answered our subscribers' questions about TimeCoinProtocol!

🎯Click the link to see the video: https://www.youtube.com/watch?v=O0qDvrGQTcQ

📣DeFi Digest

📚According to the DeFiLama service, Total Value Locked (USD) on Sunday was $42.16B! Compared to last week, TVL remained virtually unchanged.

📚What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy. We will continue to watch it for you! We believe in keeping track of the market and staying up to date with trends.

🎯 https://timecoinprotocol.com/

📣eSportStars Use Case

📚The esports market is estimated to have 500 million game players worldwide. As you know, eSportStars is the first Dapp from TimeTicket GmbH.

📚eSportStars is for everyone including professional esports players, fans and players aiming to become professionals around the world. It is a distributed application 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.

💭 Want to learn more? Visit https://esportstars.jp 

📣DeFi protocols VS CeFi platforms

📚The crypto lending market is constantly developing! But let’s try to figure out why that is. Why are decentralized financial protocols better than centralized ones when it comes to lending?

📚CeFi platforms (both virtual and traditional) work on the same principle as most banks. In fact, banks are CeFi platforms by nature. They hold deposited assets, sometimes lending them to third parties, which ensures profit for the depositor, and a loan to the borrower. On paper, this model sounds good enough, but in reality we are stuck with a number of issues such as embezzlement, hacks, artificially low balling interest rates, etc.

📚DeFi protocols can, on the other hand, allow users to become lenders and borrowers in a decentralized system, and have full control over their money. This has become possible thanks to smart contracts that function on open blockchain solutions, such as Ethereum. In contrast with CeFi, decentralized platforms can be used by anyone anywhere, without the need to submit personal data to a central authority, wait for it to process the data or go through tedious bureaucratic procedures. As you can see, DeFi solutions are much more attractive, which is why we are working hard to combine the best from both worlds — centralized traditional finance and decentralized cryptocurrencies.

🎯 https://timecoinprotocol.com/

📣TimeTicket DApp

📚As you already know, we have a DApp — TimeTicket. TimeTicket is a mature sharing economy marketplace from the team behind TimeCoinProtocol. The app is fully operational and has found success with its own website and a large audience.

📚The existing TimeTicket platform is a popular platform that connects people who wish to buy and sell skills and exchange knowledge. The decentralized TimeTicket dApp expands these services and offers direct peer-to-peer interactions without intermediaries.

🎯 https://timecoinprotocol.com/

📣The origin story of NFTs

📚The story surrounding the creation of NFTs is yet to be unanimously accepted by the crypto community. Crypto historians have found a 2015 smart contract under Terra Nullius that included the ability to create unique tokens. However, Terra Nullius never intended the tokens to be available for either buying or selling.

📚Another possible origin of NFTs is Blockplots, a game where the entire playable area was divided into small plots, each of which was a unique token. Its gameplay implied the rights to the plots could be transferred between users, and the transfer log would be forever saved on the blockchain. This way the developers behind the 2015 game Blockplots can be considered to be the pioneers of a fully-fledged NFT.

🎯 https://timecoinprotocol.com/

📣Experts expect contagion from FTX to wipe out many crypto firms

📚The FTX crash has been making the rounds on the news. Businesses and private individuals in the space have all been negatively affected, but the end is not yet in sight — say experts — it is going to get worse before it can get better.
 
📚The reason is a cascade of bankruptcies that may be triggered by the FTX crash. Companies with ties to the platform have been compromised in more ways than one. There is little doubt this situation will affect the broader crypto market’s liquidity.

💭What do you think about the entire ordeal?

🎯 https://timecoinprotocol.com/

📣DeFi Digest

📚According to the DeFiLama service, Total Value Locked (USD) on Sunday was $42.73B! Compared to last week, TVL remained virtually unchanged.

📚What’s happening on the DeFi market is very important for our project, because this tech lies at the core of TimeCoinProtocol’s development strategy. We will continue to watch it for you! We believe in keeping track of the market and staying up to date with trends.

🎯 https://timecoinprotocol.com/

📣eSportStars - first TCP's dApp

📚We launched our first dApp “eSportStars” targeting the esports market in October 2020. eSportStars enables esports fans and players around the world to find suitable players to compete against, trade game-related items and services, and even find sponsors. In addition, esports players, teams, and creators (video streamers, game item sellers, service providers etc.) can earn money by streaming videos and selling products and services.

📚We support a future in which millions of people have greater opportunities to pursue the work that they enjoy and to retain the fruits of their labor. It will empower motivated, self-sufficient individuals to gain financial sovereignty and professional independence through monetizing their unique skills and knowledge.

🎯 https://timecoinprotocol.com/

📣The most interesting NFT deals

📚Among the most well-known deals: sale of the first tweet of Jack Dorsey, a billionaire and founder of Twitter; Beeple collage consisting of 5,000 drawings sold for $69.3 million; Nyan Cat gif sold for $442,000. The burned Banksy’s work Morons (White), which was bought by a blockchain company Injective Protocol for $95,000, was also converted into an NFT.

📚However, there are less well-known examples. In December 2020, Nike filed a patent for a blockchain-based NFT-shoes called CryptoKicks. It was reported that a digital token was to be generated following the purchase of the blockchain sneakers. It is due to be linked to the identification codes of the product and the buyer. This should prevent counterfeiting shoes. The buyer will be able to check their pair is original at any time.

📚There are also some examples of crypto deals in the field of music. For example, DJ 3LAU was the first to sell an album with the help of NFT for $11.6 million. Singer Grimes sold 400 NFTs, which were tied to four drawings created by her and her brother. In just 20 minutes, the token sale brought $5.8 million to Grimes.

🎯 https://timecoinprotocol.com/

📣TimeCoinProtocol summary

📚TimeCoinProtocol 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. It is designed to incentivize cooperation and healthy competition between participants.

📚TCP enables users to carry their reputation with them between services and provides correlative tools that allow operators to actively seek out users who are likely to be interested in their services.

🎯 https://timecoinprotocol.com/