Decentralized Autonomous Organization

Abstract

The early smart contracts of Era Swap Ecosystem like TimeAlly, Newly Released Tokens (NRT), Assurance, BetDeEx, CertiDapp of Era Swap Ecosystem, are deployed on Ethereum mainnet. These smart contracts are decentralized finance-oriented (DeFi), i.e. most of the transactions are about exchange of Era Swap tokens in peer to peer mode which made paying the gas fees (transaction charges) somewhat intuitive to the user just like withdrawal charges in bank or paying tax while purchasing burgers. But the charges are in Ether (ETH), which is required in addition to Era Swap tokens to use multiple ÐApps of Era Swap Ecosystem and it only makes a new user experience, a complex stuff. Also, transactions that are not token oriented like adding a nominee or appointee, voting, etc. also needs considerable amount of gas fees to be charged (that too in ETH) which makes non-finance ÐApps costly and it fails to attract users from the centralized counterparts.