Mytime

company

About

Mytime records the amount of time spent by users on a particular online service and converts it into cryptocurrency.

  • Saint Petersburg,Saint Petersburg City,Russian Federation
  • 1 - 10
  • https://mytc.io

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$3.50M
Industries
Cryptocurrency,Finance,Internet
Founded date
Mar 6, 2010
Number Of Employee
1 - 10
Operating Status
Active

Mytime is a blockchain platform records the amount of time spent by users on a particular online service and converts it into cryptocurrency.

Chronos blockchain protocol keeps record of validated time and MYTC transactions. It generates ratings of platform participants based on scores assigned by services and users to each other. Proof-of-Time is an algorithm used for time validation, preventing users from being rewarded twice for the same period of time.

Smart contracts allow services to make agreements with users on purchasing their time and actions, and to reward them with MYTC for meeting the conditions and performing certain actions (participating in the life of communities or gaming clans, fulfilling an assignment, watching a video, etc.).

Services make agreements with users on purchasing their time and actions for the MYTC cryptocurrency. mytime records the terms and conditions and results of their performance/non-performance in a smart contract. After the transaction is closed the service and the user rate each other. These ratings shape their reputation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$3.50M
Mytime has raised a total of $3.50M in funding over 2 rounds. Their latest funding was raised on Mar 23, 2018 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 23, 2018 Series Unknown $3.50M Detail

Employee Profiles

Number of Employee Profiles
6
Mytime has 6 current employee profiles, including Executive Eduard Gurinovich
Executive
Executive
Executive
Executive