On Demand services are transforming our lives to a great degree as we are now able to avail ourselves of various services instantly, and with as little hassle as possible. Getting a taxi used to be really difficult, especially during rush hour. You have to compete with other passengers, sometimes to the point of compromising your poise and dignity in the process of doing so. You probably have tried call a taxi company to book a ride, but it’s not always convenient either. Then came Uber, and hailing a taxi has never been the same for many of us.
Uber is just one example of an On Demand company. We have online retail services like Airbnb, food delivery companies like Deliveroo, insurance companies, courier services, freelance sites, and a host of many others, also offering digital applications to simplify our daily lives. True enough, we patronize their services because of the utmost convenience they offer.
Not surprising, the On Demand economy in the US alone has ballooned significantly in recent years, raking in 57 billion USD annually from service fees. Looking at the figures alone, we cannot deny that the shift in consumer expectations when it comes to delivery of services is already happening.
Many of us probably have not realized it, but even with all the conveniences we get to enjoy, the on demand market, being highly centralized, is not without flaws. Taking the viewpoint of service providers, while the current system appears to be designed with the industry’s biggest players in mind, such as those who can afford the high investment requirement or those who have the capacity to engage in legal battles if or when the time comes, it doesn’t always work to their benefit. In fact, companies can get embroiled in controversies not of their own doing and they often have to take responsibility for the actions of their independent contractors.
In addition, the lack of data privacy is keeping individual contractors from venturing into this kind of business. People normally don’t want to have their personal data publicized, but sadly, the current system doesn’t work that way. Once you have your personal data on the application, it can be accessed by everyone using the platform, making it prone to abuse. And the system does not allow individual contractors full transparency of their earnings, either. It’s ironic because time-stamped services are supposed to be calculated by the hour or the smallest unit of time, if applicable, and this cannot be done with so many factors that cannot be calculated into the cost due to one reason or another.
Given this set of problems, Time Money, as a decentralized on demand platform, is in a perfect position to meet consumer expectations while sufficiently addressing these issues at hand. It will connect companies, freelancers and their clients to create a truly engaging community, one that will be mutually beneficial and rewarding at the same time.
Developed with two types of users in mind, the service provider and the requesting party (meeting requester), Time Money will work in this way:
The process will start with the meeting requester making a search on the Time Money app for a product or service, and then creating a meeting request. The provider who will receive the request will accept it and both parties will agree on a meeting time, place, and other essentials. The meeting will officially start at the time when both parties are at the agreed GPS location. And only when the service provider accepts the “meeting start time” that the calculation will start. The meeting will be documented, of course, and the transaction will be monitored by the smart contract.
On the other hand, the meeting requester will typically end the meeting by accepting the “end of meeting”, but the provider may also choose to pre-terminate it if the task is completed earlier than planned, or to extend it, if necessary. Once the meeting has concluded, the meeting requester will then reward the service provider with the agreed amount of TMoney tokens for the service provided. Both parties will also have the opportunity to conduct a review of one another.
TMoney tokens are the platform’s internal currency, and they will be exclusively used on the Time Money platform to pay for goods and services. They will be available for sale during the Token Sale, but afterwards, users will be able to buy additional tokens on the platform. Tokens may be exchanged for fiat via the exchange platform, but later on the Time Money team is planning to integrate a Time Money credit card so the Tmoney tokens can be exchanged for fiat without going through the exchange platform.
Time Money will be available in several languages and will sport a user-friendly interface. It will lower the bars to entry, allowing even the small-time individual contractors and freelancers to deliver their services via the platform. As a result, the On Demand market will increase and will no longer focus on a particular niche, but will cover almost every type of service there is. Of course, this will be good for the consumers, too, who will get to enjoy fast and near instantanous delivery of goods and services.
Time Money has definite edge over its competitors, having more relevant features, significantly lower transaction fees, and it being the only digital application that has a real time update and an integrated money tracker. Moreover, it is especially relevant to the times with its integration of blockchain and crypto technology into its system. This will be a big boost to the crypto community which is mostly made up of the unbanked population.
The On Demand economy is looking incredibly good, as consumers are now banking on technology and mobile applications to serve their needs when and where they want them. With this, a bright future is in the works for Time Money, as well.
Token Details:
Token: TMONEY
PreICO Price: 1 TMONEY = 0.00045 ETH
Price: 1 TMONEY = 0.00074 ETH
Platform: Ethereum
Soft cap: 2,400,000 USD
Hard cap: 14,400,000 USD
Country: Latvia
For more information, visit the following pages:
Whitepaper: https://tmoney.io/tmoneywhitepaper.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4510275
Website: https://tmoney.io/
Telegram: https://t.me/tmoneyico
Twitter: https://twitter.com/tmoneyio
Facebook: https://www.facebook.com/timemoneyapp/
Youtube: https://www.youtube.com/channel/UCp3OkbevHzaM_tm-x3gbJIg
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149
ETH Address: 0x116cc0440Cc572ed5125416B081d5f930C61CBea
