On the blockchain of Ethereum, the TimeCoin Protocol is a decentralized sharing economy protocol. TimeCoin (TMCN), the original cryptocurrency that gave it its name, is still up for special token sales as of the end of October 2021. What is TimeCoin Protocol? All About TMCN Sales Price.
"Optimize world resource consumption" is the goal of the TimeCoin Protocol. The protocol can be used to create and execute a wide variety of applications, including those created by third parties.
What is TimeCoin Protocol?
A decentralized protocol is TimeCoin. Decentralized applications, or dApps, can be created and run by developers to provide peer-to-peer trade without middlemen.
It is intended to encourage healthy competition and teamwork among participants. According to the TCP white paper, TCP enables consumers to take their reputation with them between services and offers correlative capabilities that enable operators to actively seek out people who are likely to be interested in their services.
Applications for the gig and creative economies are a major emphasis of the TimeCoin Protocol. The sharing and gig economies are transforming how people communicate, work, live together, and make money.
These sectors are expected to have exponential growth in the upcoming years and hold enormous financial worth. By 2025, it is expected that the gig economy will have grown to a staggering $2.7 trillion, while the sharing economy will have grown to a value of $335 billion USD.
Over 500,000 people use TimeTicket, a gig economy program with which TimeCoinProtocol is affiliated. Since its launch in 2019, the software has produced over $7 million in sales, according to TimeCoinProtocol.
TMCN
The native TimeCoin coin (TMCN), which is based on Ethereum, is presently available for purchase on BitFrorex, BiKi, and BitMart. By November 2021, there are plans to launch on Binance DEX.
The white paper for the protocol states that "TimeCoin tokens will be the gasoline that fuels the gig and sharing economy as well as e-sports powered by the TCP."
Private token sales
During a recent AMA, Masato Kakamu, CEO of TimeTicket GmbH, stated: "We want to establish a place where professional players, producers, and fans can easily earn money which also encourages them to better engage with their fans. We intend to provide esports gambling in addition to the GameTomodachi and eSportStars service. For participants to earn TimeCoin, we provide eSports mining. Participants in TimeCoin can receive better service if they own more of it.
TimeCoin Protocol's dApps and NFT marketplace will be able to incorporate DeFi and NFT functionality thanks to the decision to start off-market token sales.
10,000,000 existing TMCN tokens, out of a total of 100,000,000, will be sold during the special token sales at a 93% discount from the going rate.
You can buy TMCN on the TimeCoinProtocol website using BTC, ETH, or USDT. A table of the token release times is also included here.
TimeCoin Protocol advises against buying TMCN on an exchange and instead to do it using a private wallet like MetaMask.
