Hourvillage is the genesis project for the timetech platform. As a public blockchain implemented on the Ethereum platform, Hourvillage will establish its own ecosystem of peer-to-peer givers and receivers, enrol charities, non-profit organizations and corporations that wish to be a part of the timesharing economy. The Hourvillage public blockchain platform will maintain the hourtime credits.
The use of Blockchain at timetech will throw open intriguing possibilities by allowing corporate CSRs, non-profit agencies and all organisations that are currently involved in any timesharing program anywhere in the world. They can participate in a platform where their users can exchange their time credits with a global community of givers and receivers using a time exchange token – the timetech token. An ecosystem of self-governing smart contracts can be created in the public domain and will unleash new ways of embedding philanthropy. This will explore new ways for charities to perform their activities for exchange of time credits. An Ethereum client application will be developed to enable the partners in the ecosystem viz: CSR programs, time exchanges, non-profit agencies to connect to the timetech blockchain. We will develop API’s defined in the public domain along with a specific set of smart contracts and will establish time transactions that are to be effected between these entities. Specific solidity applications will be developed to manage the wallet transaction including donations, transfers and conversions for the stake holders and users. The timetech token transactions will be authenticated by designated partners through a proof of authority consensus mechanism on a consortium blockchain. Once this process is well established, it will be opened to the public to enable anyone to authenticate transactions and to become part of the timetech blockchain. ERC 20 wallets of the stakeholders will allow for timetech token transactions to be effected. Timetech foundation will promote timetech token incentives to build a developer community that can work closely with stakeholders to scale our ecosystem, drive integration on the timetech platform and aid the adoption of standard API’s that can encourage time exchange activity across the globe. A true socially conscious public blockchain!
|Function:||A conversion rate between timetech and hourtime will be decided periodically by the timetech Foundation Council.|
|Tokens issued for public sale:||2,500,000,000 (2.5 billion)|
|ICO token price:||1.00TTEC = USD0.01|
|Bonus||Private Sale Bonus (Q2/Q3 2018): 30%|
|ICO date:||Q3/Q4 2018 (subject to confirmation)|