Time is RWA. How can Pieverse use DAO+ token economy to create a sustainable "time value discoverer"?

I mentioned earlier that Pieverse's "Explore Bhutan" campaign puts the time of influential figures on the platform for auction, creating an opportunity for communication between influential figures and interested users. So, in terms of the model mechanism, how does Pieverse work?

1. Pieverse is a discoverer of the value of time

Simply put, Pieverse is a platform project for time economy. On this platform, anyone can cash out their time to make time asset and value. The reason why Pieverse is a platform for the time economy is that the economy itself needs to have both parties to the transaction, one is the individual who provides the value of time; the other is the individual who is interested in the time of the provider. When the needs of both parties match, the transaction occurs. In real life, celebrities, professionals, etc. have some followers and have a certain interest in communication with each other. However, time itself is the scarce resource. Time itself is a hard currency and is a currency that cannot be issued additionally. Therefore, it is valuable to find a mechanism that allows interested parties to communicate.

Therefore, Pieverse is not only a platform for the economy of time, but also a discoverer for the value of time. Through Pieverse, influencers and professionals spend their time completely fairly through market-oriented methods. Celebrity's time is easier to be asset-based and valued, but as time evolves, anyone's time can be asset-based and valued, such as time tasks. A person may not be very famous, but he is particularly good at some aspects, such as playing games, investing, cooking, exams, teaching language, playing golf, etc. He can also asset his time, so that everyone's time can be traded relatively fairly, making time worthwhile, and making time monetized. That is, it tries to give everyone the opportunity to place their time on Piverse for auction, lottery, sale, etc.; at the same time, it allows users who are interested in other people's time to get the opportunity to communicate and learn directly.

Therefore, essentially, Pieverse is a discoverer of time value. It provides both parties with a transparent time value discovery platform by using encryption technology, so that time value can be finally reflected and monetized. Without such a platform, time resources will be difficult to utilize and cannot be maximized, and may be wasted. For example, entrepreneurs want to find truly capable entrepreneurs or investors to communicate and get good feedback, but often lack direct channels. If they are inefficient through connections and other means, they are inefficient and sometimes they are easy to reach.

Once the scarce resource of time is truly valued, Pieverse has the opportunity to achieve scale and sustainability of the time economy.

2. Several major mechanisms of Pieverse

Specifically, it currently has four trading mechanisms for the time economy: time bidding, time lottery, time crowdfunding, and time tasks. These mechanisms can make prices fair (determined by the market), and can also solve the trust issue between the parties to the transaction.

1. Time bidding

The advantage of time bidding is to place the time of influential figures on the Pieverse platform for auction. Through the market approach, the issue of price fairness of time is solved. In addition, through a verifiable mechanism, users who purchase time can obtain real contact and high-quality interaction. In public bidding, it is also possible to improve efficiency and match by providing clear summary and user background verification information.

2. Time lottery

Time lottery is more about giving ordinary users opportunities. Time bidding mainly depends on funds, while time lottery has a certain randomness. As long as users meet certain thresholds and pass randomness, they have the opportunity to communicate with interested people. In addition, Pieverse also provides a fiat currency channel, allowing non-encrypted users to participate.

3. Time crowdfunding

Compared with the time bidding for those with higher prices, time lottery with relatively randomness and luck is relatively important. Time crowdfunding can give more users the opportunity to gain and can directly listen to the sharing of influential figures. For example, in the "Explore Bhutan" event, users can participate in online courses at the Astrological Academy by sponsoring the teaching lectures of the ninth-generation living Buddha Rinpoche of Bhutan.

The form of crowdfunding can be flexible. In addition to listening and communicating online, you can also participate in closed-door communication based on specific circumstances, and even have the opportunity to have face-to-face discussions. The advantage of crowdfunding is that supporters don’t have to spend too much money, and at the same time set up certain thresholds to allow people who are really interested to communicate and communicate.

From a certain perspective, time crowdfunding can maximize the value of individual time and allow more people to participate. This is a win-win situation for both time value providers and demanders.

4. Time tasks

Time tasks focus mainly on professional skills services. Such as tutoring, foreign language learning, games, cooking, fitness, etc. This demand is large, which also means that how to resolve disputes is becoming increasingly important. Pieverse's solution is to build a smart contract-based custody system. In terms of payment, the demander needs to pay the time fee, and the fee is custodialized by the smart contract; the smart contract will release funds only after the demander obtains the time service from the supplier. In this process, Pieverse plans to introduce token economics + on-chain reputation system to solve the problem. First, the demand and the supply side need to pledge certain tokens to encourage smooth delivery between the two sides. If none of the above mechanisms can be resolved, the final DAO will be used to intervene in dispute resolution.

3. Time Arena

Time Arena is a form of displaying time tasks. Here, the founder can win some time from VC investors to achieve project sales; people from all walks of life can win time from seniors in the industry to gain real value experience, etc. Currently, many well-known web3VCs have been installed on Pieverse, which provides entrepreneurs with the opportunity to communicate directly with VCs.

4. Pieverse's evolutionary vision: In the future, it may become a

special RWA platform

Why didn’t Pieverse tokenize the time for celebrities or professionals in the beginning? It is very important here, that is, before the value of time is fully discovered, entering the stage of time tokenization too early can easily lead to the focus on speculative transactions, and at the same time, it also makes incentives prone to misalignment or even deformity. In the end, the original meaning of time economy is lost.