Review on Eight Hours by Bukola Joy

Name: Eight Hours
Item: Eight Hours
Rating: 4

May 04, 2021

8-hours a genuine trading platform

itteckkEight hours cryptocurencies exchange platform was founded by John Dempsey, this platform is both a gamer and a collector. The platform was created on a blockchain platform to encourage and reward people using it.
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The goal of this 8-hours platform is to ensure that it users spend at least 8- hours per week to ensure a smooth and meaningful interaction with great benefits
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This platform is also A mixture of real-world and blockchain data storage with technologies power in the whole platform.
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 Furthermore, the technology and tagging in this platform enable the creation of their verifiable blockchain counterpart. The same set-up is used to supports ownership tracking, asset journey recording, and asset customization.
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Eight Hours Token, or the EHrT, is the native token of the platform. It can be used as a medium of exchange, fees payment, staking, and voting. EHrT also has specific functions that help run the whole platform. Mainly, these are:
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Authentic Asset Certificates (AAC) – this is used  In making blockchain representations of real-life objects, users have to spend EHrT. The process allows for the creation of AAC, which act as proof of ownership on a blockchain-counterpart of real-life assets. Additionally, these belong to the non-fungible token (NFT) classification, the same kind that allows for the tokenization of assets in the real world. For users to be able to register and join the platform, AAC’s are required.
In-Game Currencies (IGC) – Through EHrT, users can create in-game currencies. These are tokens that developers can create to back the economy of their games. Since these currencies can work cross-platform, other gaming systems on the 8Hours Foundation 
Colored Tokens – These tokens function like marks or records on an AAC that display their digital journey. This means that colored tokens can be referred to in looking for the history of an AAC’s ownership, its authenticity, progress, and wealth, among others. Furthermore, only developers can create new colored tokens and deposit them on AAC.
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8hours Foundation is held by users for:
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Staking – Through a grants system, users can make investments in the projects built within the 8Hours ecosystem. This entitles stakers to receive benefits from a platform in the event that they grow.
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Reward – Through a rewards system, the platform incentivizes its users to participate in network activities, especially those that involve platform developments or updates. These users receive a proportional amount of EHrTs for their participation.
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Support – Users who want to show their support on a platform that is currently being built, that can freely use EHrTs to fund a project.
8Hours backs its transaction system with the VeChainThor chain. This allows it to support a multi-party payment protocol without requiring gas fees that platforms usually charge whenever users perform these transactions.
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