good afternoon
As it recently appeared a new direction for the production of crypto currency, the market will soon be released mytime .
Developers clarify the following:
The number of services that require human attention is growing every day. At the same time, of course - it will never be enough even for those services that cause sincere interest. But what if you turn time into measurable value and give business a tool to attract and retain users in your services? mytime - an open blockbuster - a platform that registers the time spent by a person on an online service, and converts it into a crypto currency. mytimecoin (MYTC) - crypto currency, provided by the users time.
A means of payment inside the mytime platform. The time spent in the service is confirmed through registration in the block account by means of transfer of the crypto currency. Payment is made by the service, interested in time and attention of the person. mytime runs on the Chronos protocol, which is based on the Proof-of-Time protection and validation algorithm, created on the basis of DPoS. Chronos and Proof-of-Time are the own development of the mytime command. Chronos makes time confirmation profitable for business and users:
Essence as I understood it
▪ Users receive MYTC for the time spent in the service.
▪ To get MYTC users do not need to change their way of life.
▪ Business gets a new tool to attract and retain the audience.
▪ The business reduces transaction costs and removes unnecessary intermediaries.
▪ The business receives a share of the emission proportional to the confirmed time of its users. mytime - a revolution in the accounting and monetization of time. If now a person earns only during business hours, then with mytime he will be able to receive income from every minute of his time! The platform will increase the entire economy of the cryptomir due to the involvement of a huge number of users, services and businesses. Here are some examples of how to use mytime:
▪ Loyalty programs when the company pays for user time spent in the service, motivating it to return.
▪ Selling the time of its users to a third party for a crypto currency.
▪ Compensation of time spent watching video and computer games.
▪ Learning incentive system. ▪ Effective time management. ▪ Per-minute royalties.
Today the amount of service and content is so great and growing so quickly that a person does not have time to find time for everything that interests him. Every minute:
• 2.5 million posts are being shared in Facebook.
• Twitter publishes 300 thousand new records.
• Instagram has 220 thousand new photos.
• 72 hours of new video appear on YouTube.
We have long had no time for everything that we want to see, study and use, even if we are not limited in money. In addition, we are developing "immunity" to advertising, and the most valuable source of knowledge about brands are the recommendations of close people and opinion leaders. In such a business environment it is extremely difficult to compete for our time and attention.
With mytime, the service will be able to negotiate with users about the purchase of their future time and actions. The mytime platform guarantees the fixing of conditions and the result (execution or non-fulfillment of the contract) through a smart contract. By default, when entering into a contract with the service, the amount participating in the transaction is held, and the user is frozen this period of time (he can not participate in other transactions).
If the terms of the contract are fulfilled and the user has spent the specified time for using the service, the service pays him an appropriate fee in the form of MYTC crypto currency. The service gets users' attention and the opportunity to plan their business more efficiently. Since each user is limited in time, mytime will not allow him to use more than 24 hours of his time per day in the platform. Services can be sure that they buy the existing time from a real person.
The contractual relationship between the user and the service on the mytime platform is regulated through smart contracts. To store information about the time spent by the user and the amount of remuneration, records are used in the block.
By default, blocking technology will not allow the user to use the same time for registration in different services. Blocking provides transparency, unchangeability of data and serves as a guarantor for the parties to fulfill the obligations they have agreed upon.
Based on the performance of the contract, the service and the user expose to each other estimates that affect their reputation in the mytime platform. As a result, the reputation of each platform participant is reflected both in general and in the use of specific services.
This is so far all that I have become clear as for an inexperienced inhabitant, I will delve further and study this as to look at the future successful currency)
Who knows ?
Who heard? How do you know?