Era Swap Token (EST) is a decentralized utility token that has been created to support the various transactions within the Era Swap Marketplace. Its major use is to buy and sell tokenized time within the Era Swap platform. Era Swap is an ecosystem of multiple apps designed to solve many crucial problems of the Digital asset world. The token, EST, provides a bridge between these applications by linking them together and being a common medium of exchange for transactions within these platforms.
The Era Swap ecosystem enables individuals to offer or avail various services in the form of tokenized time. The EST has a very crucial role in all this. The underlying provides a way for performing peer-to-peer transactions between the seller and user of a particular service. It removes the intermediary concept and reduces the cost of transactions. It offers services at discounted price within Eraswap system.
Utility token
Era Swap Token (EST) is strictly a utility token that can be used only for accessing various utilities, services and apps within the Era Swap ecosystem. Even though the token has been enabled for trading, its uses are limited to the platforms in ecosystem. The Era Swap Token has been classified as a Utility Token as per Howey test matrix
Dedicated Wallet & Exchange
Era Swap Token (EST) comes with its own dedicated digital wallet - Era Swap Wallet - with support to trading against various popular digital assets such as BTC, ETH and ERC20 tokens. The wallet also allows users to exchange their tokens for other supported currencies through its dedicated exchange platform - ComputeEx.
A Wide range of applications
The Era Swap platform has been equipped with a number of applications, including Time Swappers, Era Swap Wallet, ComputeEx, TimeAlly, Day Swappers, etc., all of can be accessed via the EST token for the use of services.
For more information about the Era Swap Token, you can refer to the website https://www.eraswaptoken.io/ or download the whitepaper at https://eraswaptoken.io/pdf/era-swap-whitepaper.pdf
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