Previously mentioned was Pieverse's "Exploring Bhutan" activity, which auctions the time of influential figures on the platform, creating a communication opportunity between influencers and interested users. So, how does Pieverse operate in terms of its model and mechanism?

1. Pieverse as a Time Value Discoverer

In simple terms, Pieverse is a platform project focused on the time economy. On this platform, anyone can monetize their time, turning it into an asset and giving it value. The reason Pieverse is considered a time economy platform is that it requires two parties for transactions: one party provides valuable time, while the other is interested in that time. When the needs of both parties align, a transaction occurs. In real life, celebrities, professionals, and others have followers who are interested in communicating, but time itself is the most scarce resource; it is a hard currency that cannot be inflated. Therefore, finding a mechanism that allows interested parties to communicate is valuable.

Thus, Pieverse is not only a platform for the time economy but also a discoverer of time value. Through Pieverse, influencers and professionals can fairly discover the value of their time in a market-driven way. The time of celebrities is easier to assetize and value, but as time evolves, anyone's time can be assetized and valued, such as through time tasks. A person may not be very famous, but they may excel in certain areas, such as gaming, investing, cooking, taking exams, teaching languages, or playing golf, and can also assetize their time. This allows everyone's time to be traded relatively fairly, giving time value and enabling it to be monetized. Essentially, it attempts to give everyone the opportunity to auction, raffle, or sell their time on Pieverse, while also allowing users interested in others' time to gain direct communication and learning opportunities.

Therefore, fundamentally, Pieverse is a discoverer of time value, utilizing cryptographic technology to provide a transparent platform for both parties to discover time value, allowing the value of time to be realized and monetized. Without such a platform, time resources are difficult to utilize and cannot reach their maximum value, potentially leading to waste. For example, entrepreneurs may want to connect with capable entrepreneurs or investors to gain valuable feedback but often lack direct channels. Relying on networks can be inefficient and sometimes difficult to navigate.

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

2. Key Mechanisms of Pieverse

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

1. Time Bidding

The benefit of time bidding is that it auctions the time of influential figures on the Pieverse platform. This market-driven approach addresses the fairness of time pricing, and through a verifiable mechanism, ensures that users purchasing time can establish genuine connections and high-quality interactions. In public bidding, clear summaries and user background verification information are provided to enhance efficiency and facilitate matching.

2. Time Raffles

Time raffles are more about giving ordinary users a chance; time bidding primarily depends on funds, while time raffles involve a degree of randomness. Users who meet certain thresholds have the opportunity to communicate with interesting figures through randomness. Additionally, Pieverse offers fiat currency channels, allowing non-crypto users to participate.

3. Time Crowdfunding

Compared to the "highest bidder wins" approach of time bidding and the randomness and luck of time raffles, time crowdfunding can provide more users with opportunities to directly listen to influential figures share their insights. For example, in the "Exploring Bhutan" activity, users can participate in online courses at the Star Academy by sponsoring the teachings of the Ninth Living Buddha of Bhutan.

The crowdfunding format can be flexible; in addition to online lectures and discussions, participants may also engage in closed-door exchanges or even have opportunities for face-to-face discussions, depending on the specific situation. The advantage of crowdfunding is that supporters do not need to spend too much money while establishing certain thresholds to filter participants, allowing genuinely interested individuals to engage in communication and exchange.

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

4. Time Tasks

Time tasks primarily focus on professional skill services, such as tutoring, language learning, gaming, cooking, and fitness. This demand is substantial, which also means that resolving disputes becomes increasingly important. Pieverse's solution is to create an escrow system based on smart contracts. From a payment perspective, the demander must first pay for the time, with the fee held in escrow by the smart contract; only when the demander receives the time service from the provider will the smart contract release the funds. In this process, Pieverse plans to introduce token economics and an on-chain reputation system to address this. First, both the demander and provider need to stake a certain amount of tokens to encourage smooth delivery. If the above mechanisms fail to resolve issues, a DAO for dispute resolution will intervene.

3. Time Arena

The Time Arena is a manifestation of time tasks. Here, founders can win some time from VC investors to promote their projects; individuals from various industries can win time from senior professionals in their fields to gain valuable experiences. Currently, many well-known web3 VCs have joined Pieverse, providing entrepreneurs with direct communication opportunities with VCs.

4. Evolutionary Vision of Pieverse: Potentially Becoming a Unique RWA Platform

Why did Pieverse not initially tokenize the time of celebrities or professionals? A crucial point is that entering the stage of time tokenization too early, before the value of time is fully discovered, can lead to a focus on speculative trading and misaligned incentives, even resulting in distortions. Ultimately, this could undermine the original meaning of the time economy.

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