TimeAlly is smart contract-based decentralized app (DApp) carefully designed to offer multiple benefits to era swap community members.
TimeAlly governs the generation and distribution of newly released ES tokens in the Era Swap Ecosystem (ESE) and also increases the ES count of TA holders for locking tokens under TA smart contract (TA Time Vault).
Wondering why TimeAlly exists in the First Place?
TimeAlly plays a crucial role in maintaining the supply and demand dynamics of ES (Era Swap Token) in the entire Era Swap Ecosystem. ES is a decentralized utility token that is utilized by era swap community members for exchange of services, availing discounts and many more utilities.
TimeAlly smart contact functions to reduce the ES volatility and give rise to its value by encouraging more and more members in the market to vest their tokens under TA smart contract for a period of 1 or 2 years.
Why should you vest in TA smart contract?
The answer is simple. Being a TA holder, you will receive rewards in the form of ES (up to 15% of newly released tokens) from TimeAlly for vesting tokens in the TA smart contract. The number of tokens received by you will depend upon tokens staked by you in proportion to your vesting period.
Another reason why you should vest ES in TA smart contract is to provide your contribution in reducing the volatility of ES in the market and to avoid the hassle of everyday trading for increasing ES. Count in your asset list.
When the less number of ES is in circulation due to vesting, the token demand will increase, and you as a TA holder will enjoy value appreciation in your vested ES. This will also boost the ES price in the long run.
How does TimeAlly reward TA Holders?
A fixed number of ES will be rewarded by TimeAlly smart contract from ES NRT pool to the TA holders every month based on the pre-set rules under the smart contract. However, which user will get how many ES is not pre-set, as it will depend upon the number of tokens staked by you, total vesting duration and the contribution made by you and your circle in the work pool or ES utility platforms.
Currently, there are two vesting plans available in TimeAlly, under which you can choose to lock your tokens under TA smart contract and get rewarded for the same:
- Vesting ES for 1 year
If you as TA holder choose to vest your ES in TimeAlly DApp for a period of one year, then you will be eligible to claim a maximum of 13% (annually) or (1.08% per month) ES tokens from the NRT pool alongside other TA vestors. These will be allocated by the TimeAlly, every month from ES NRT pool.
- Vesting ES for 2 years
For vesting ES in TimeAlly smart contract for a 2-year period, you will be eligible to get a maximum of 15% (annually) or (1.25% per month) of the ES tokens from the NRT pool alongside other TA vestors. These will be allocated by the TimeAlly, every month from ES NRT pool.
All the rewards distributed by TimeAlly to the users will be in the form of 50% liquid ES and 50% TimeAlly. For example, if you receive 1000 ES against vesting in TimeAlly DApp, 50%, i.e., 500 ES will be TA locked whereas the remaining 500 ES will be liquid. Users will also get the facility to appoint their nominee after staking in the TimeAlly DApp.
In the near future, more vesting plans will be added as per the requirements of the Era Swap community to offer more benefits.
So, what are you waiting for? Starting Vesting today in TimeAlly and claim multiple rewards, being part of an ever-growing Era Swap Community. Visit the link https://www.timeally.io/
Also, you can watch informative and detailed videos related to vesting in TimeAlly DApp by visiting and subscribing to the official YouTube Channel of Era Swap Ecosystem. Click the link below https://www.youtube.com/channel/UCGCP4f5DF1W6sbCjS6y3T1g
