Time is RWA. How does Pieverse use DAO and token economics to create a sustainable "time value discovery tool"?

The "Explore Bhutan" event of Pieverse, which was mentioned earlier, involves auctioning the time of influential figures on the platform to create an opportunity for communication between influential figures and interested users. So, specifically regarding the model mechanism, how does Pieverse operate?

1. Pieverse is the discoverer of time value.

In simple terms, Pieverse is a platform project for the time economy. On this platform, anyone can monetize their time, turning it into an asset with value. The reason Pieverse is called a platform for the time economy is that the economy itself requires two parties to transact: one party is the individual providing valuable time; the other is the individual interested in the time offered by the provider. When the needs of both parties align, a transaction occurs. In real life, celebrities, professionals, and others have followers, and there is mutual interest in communication, but time itself is the most scarce resource. Time is also a form of hard currency, it is money that cannot be printed more. Therefore, finding a mechanism that allows interested parties to communicate is a valuable endeavor.

Therefore, Pieverse is not only a platform for the time economy but also a discoverer of time value. Through Pieverse, influencers and professionals can market their time and discover its value fairly. The time of celebrities is more easily assetized and valued; however, as time evolves, anyone's time can also be assetized and valued, such as through time tasks. A person may not be very famous, but they are particularly skilled in certain areas, such as gaming, investing, cooking, exams, teaching languages, playing golf, etc., and they can also assetize their time. This allows everyone's time to be traded relatively fairly, making time valuable and convertible into cash. In other words, it aims to give everyone the opportunity to auction, raffle, or sell their time on Pieverse; at the same time, it provides users interested in others' time with direct communication and learning opportunities.

Therefore, essentially, Pieverse is a time value discovery tool that utilizes cryptographic technology to provide a transparent time value discovery platform for both parties in demand, allowing the time value to be ultimately realized and monetized. Without such a platform, time resources are difficult to utilize and cannot reach their maximum value, which may lead to waste. For example, entrepreneurs want to find capable entrepreneurs or investors to communicate with and receive good feedback, but often lack direct channels; relying on connections and other means is inefficient and can sometimes be difficult to access.

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

2. The Key Mechanisms of Pieverse

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

1. Time bidding

The benefit of time bidding is to auction the time of influential individuals on the Pieverse platform. By utilizing a market approach, it addresses the fairness of time pricing. Additionally, through a verifiable mechanism, it ensures that users purchasing time can obtain genuine contacts and high-quality interactions. In public bidding, providing clear summaries and user background verification information also helps improve efficiency and facilitate matching.

2. Time Lottery

Time-based lotteries are more about giving ordinary users opportunities, whereas time-based bidding mainly depends on funds, and time-based lotteries have a certain randomness. As long as users meet certain thresholds and go through randomness, they have the chance to communicate with interested parties. In addition, Pieverse also provides a fiat channel, allowing non-crypto users to participate.

3. Time Crowdfunding

Compared to the time auction that favors those who bid higher, and the time lottery that is more about randomness and luck, time crowdfunding can provide more users with opportunities to gain access to influential figures sharing their insights. For example, in the "Exploring Bhutan" event, users can participate in online courses from the Astrological Academy by sponsoring the teachings of the Ninth Buddha Rinpoche in Bhutan.

The form of crowdfunding can be flexible. In addition to online lectures and discussions, it can also involve closed-door exchanges depending on the specific situation, and there may even be opportunities for face-to-face discussions. The benefit of the crowdfunding format is that supporters do not have to spend too much money, while establishing certain thresholds to filter, allowing truly interested people to have opportunities for activities, communication, and exchanges.

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 the providers and the demanders of time value.

4. Time Task

The time task mainly focuses on professional skill services. For example, tutoring, foreign language learning, gaming, cooking, fitness, etc. The scale of this demand is large, which also means that how to solve dispute issues is becoming increasingly important. Pieverse's solution is to create an escrow system based on smart contracts. From the payment aspect, the demand side needs to pay for the time services, and the fee is held in escrow by the smart contract; only after the demand side receives the time service from the supply side will the smart contract release the funds. In this process, Pieverse plans to introduce token economics + on-chain reputation systems to resolve this. First, both the demand side and the supply side need to stake a certain amount of tokens to encourage both parties to deliver smoothly. If the above mechanism fails to resolve the issue, the last resort is to involve a DAO for dispute resolution.

3. Time Arena

The Time Arena is a form of time-based tasks. Here, founders can earn some time from VC investors to pitch their projects; people from various industries can gain time from senior professionals in their fields to acquire real value experiences, etc. Currently, many well-known web3 VCs have settled on Pieverse, providing entrepreneurs the opportunity to communicate directly with VCs.

Four, The Evolution of Pieverse: It may become a special RWA platform in the future.

Why didn’t Pieverse tokenize the time of celebrities or professionals at the beginning? An important point here is that entering the stage of time tokenization too early, before the value of time has been fully recognized, can easily lead to a focus on speculative trading, which also makes incentive measures prone to misalignment or even distortion. Ultimately, this results in losing the original meaning of the time economy.