Web3 platform Grand Time paid $2 million in token earnings to date

abdelaziz Fathi

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Grand Time is an ecosystem of solutions designed to make a faster and smoother transition to a decentralized economy. The gig economy platform makes use of the decentralized features of blockchain and cryptocurrency to enable freelancers and part-time workers to become financially independent through its two-sided GIG marketplace.

Grand Time’s unique concept of a decentralized decimal time measurement system allows users to make a more reasonable pay without suffering a huge cut as a result of using intermediary services. In particular, and unlike most Web 2.0 platforms, Grand Time is giving all earnings back to the community and, in the future, will take a small fee.

With Grand Time, everyone can simply turn his/her time into money by performing simple tasks that don’t require any skill. All transactions in the Grand ecosystem are transparent and secure, which can be verified through the Polygon network and audited smart contracts. Users perform simple social media tasks by promoting the project, and perform Gig tasks ordered by businesses  – each task they complete will be exchanged for GRAND rewards.

Grand Time acquired more than 26,000 users

On top of that, the funds generated through its crypto GIG tasks marketplace are directly deposited into the “Grand Exchange Program” reward pool. The community can access it when needed, as all funds are located there, and when users decide to exchange Grand rewards into other crypto, tokens are exchanged from this pool. A dedicated wallet is used to receive Grand tokens from the Grand Social Mining Reward System, and to safely deposit, store and withdraw Grand tokens.

Grand Time CMO Maxym Sereda notes, “We developed Grand Time to address the rising financial challenges the global economy currently faces. Through our community-driven platform, we help people across the world earn a stable income from the comfort of their homes. We are on a mission to empower everyone, and so far, we are on the right track. I would like to take this opportunity to thank our wonderful community because, without their support and trust, we could not have achieved this much.”

According to its own statistics, Grand Time’s users have received more than $2 million in token earnings to date. The platform has acquired more than 26,000 active users spanning more than 90 countries and registering around 5% to 15% monthly organic growth. To date, the platform raised $78,000 during its presale without any marketing expenses.

Read this next

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”

Industry News

HollyWally opens office in Portugal to bring B2B2C wallet-as-a-service platform to Europe

“We looked at a number of centers for startups throughout Europe and were attracted straight away to Lisbon. There is great Government support and enthusiasm for startups, it’s well positioned between our Asian and US offices, it’s a cost-effective city in which to base a fintech and it’s a beautiful place.”

Retail FX

Eightcap integrates Acuity’s economic calendar for trade ideas on MT4 or MT5

“By incorporating Acuity’s cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients’ trading experience and allow them to trade smarter.”

Digital Assets

Fuse Network powers Web3 economy, payments with ‘Fuse 2.0’

Web3 payments revolution startup Fuse Network announced the release of ‘Fuse 2.0.’ alongside a new roadmap, whitepaper, and fresh branding aimed at bringing crypto payments to the mainstream global economy.

Inside View

Private Equity Renaissance

Recent years have seen a resurgence in the concept of trading physical equities, with a slew of new arrivals joining the market for what is arguably one of the oldest forms of investing. But what has been the driving force behind this change in momentum?