Secondary Business Progression
Building a Barter Trading System to Expand the DAO Ecosystem
Last updated
Building a Barter Trading System to Expand the DAO Ecosystem
Last updated
The primary focus of the THE9 token ecosystem and the DAO community is to promote the exchange of value through technology and foster the growth of the sharing economy. In the initial stage of the ecosystem, we integrate mileage between stores, creating a structure for earning and using THE9 tokens. In the next stage, we expand this structure into a broader ecosystem that evaluates the value of products sold through KIOSKs operated between stores. This evaluation process converts these values into data, facilitating the exchange of lost and stored values, ultimately increasing mutual benefits for all participating members.
Within this ecosystem, participating members can create value through various forms of creativity and exchange it based on necessity. By doing so, they go beyond the traditional one-dimensional approach to income generation through labor, and instead, create new value through the convergence of knowledge, individual talents, goods owned, and the concept of time and value between participants. This approach fosters a new concept of income, allowing members to increase their real income.
The overarching philosophy of the THE9 ecosystem is rooted in the principles of the sharing economy and the purpose of DAO activism. Through this ecosystem, we seek to empower each participating member to use their labor and time harmoniously, transforming their personal lives into more fulfilling and valuable experiences. By embracing the concept of sharing, collaboration, and value exchange, we aim to create a dynamic ecosystem that enriches the lives of all its participants and promotes a more equitable and prosperous society.
Mutual exchange between values in the THE9 ecosystem involves the exchange of storable values and values that may otherwise be dissipated and become useless. This concept is central to the sharing economy philosophy we pursue.
Storable values refer to assets or goods that retain their worth over time and can be preserved for future use. In the context of THE9 ecosystem, these storable values can include products sold through KIOSKs, virtual assets like THE9 tokens, or other tangible and intangible assets that hold value.
On the other hand, there are values that might dissipate or become wasted if not utilized promptly. For example, certain perishable goods, time-sensitive services, or unused resources may lose their value if not exchanged or utilized in a timely manner.
The barter trading system within the ecosystem allows participants to exchange these different types of values efficiently. Participants with storable values can offer them for exchange, receiving other goods, services, or tokens in return. This process enables them to convert their stored value into something they need or desire.
Simultaneously, participants with values at risk of dissipation can exchange them for storable values, ensuring that their resources are not wasted and are put to meaningful use.
By facilitating such mutual exchanges, the THE9 ecosystem optimizes the utilization of resources and assets, reducing waste and promoting a more sustainable and efficient economy. This approach aligns with the sharing economy's principles, fostering a collaborative community where participants can maximize the benefits of their individual assets and talents by exchanging them with others in a mutually beneficial manner.
During the ecosystem's development through bartering, the products sold by each participant are recognized as mileage exchange products, utilizing the concept of transaction fees. The transaction fee, a well-known practice, involves participants paying mileage tokens to the foundation to benefit all ecosystem participants. Additionally, the foundation temporarily removes the received tokens from the circulation volume for a specific duration. This strategic measure enhances the overall value of the products by accumulating only exchange products, rather than artificially inflating the actual circulation volume.
