AMA Recap: CRYPTO MINERS X METATIME

METATIME is a premium content community based on the unit of time. It is designed to remind you how to spend each precious moment and to encourage you to create value in each moment.

We hosted an AMA session with Metatime on 28th December at 1:00 PM UTC.

Mr. Ramsy was the host from Crypto Miners and Dark Moon was our guest. He shared delightful knowledge and unique features of Metatime.

.

Segment 1️⃣: Introduction

.

Ramsy:
Hello everyone 👋 and welcome to the Crypto Miners AMA session With METATIME

To help us learn more about the featured project of this AMA session, we are lucky to be joined By Dark Moon

Dark Moon:
👋

Hello everyone,GM and GN !

Ramsy:
We are happy to have Darkmoon from Metatime with us, welcome to join our community and give us more information about the product. Darkmoon .

First of all please introduce yourself first

Dark Moon:
Thanks. I am Darkmoon, the Community ambassador of the Metatime team. It's nice to meet everyone and share more about Metatime.

Ramsy:
I’m pretty sure our AMA participants are very excited to learn more about Metatime, let’s get started.

So this is our first question in this session…

Can you tell us what kind of platform Metatime is and what’s your purpose for building it?

Dark Moon:
Metatime is a Social+Defi platform with TIME at the core, and NFT plays a role in it. One of the distinctions between Metatime and other crypto social products is that we have introduced TIME as a unit of measurement.

For example: When I read someone’s content, I spend a certain amount of time, and in this product, I also have to pay a certain amount of $TIME tokens. At the same time, the content creator, whose content consumed other people's time, and according to the rules of the protocol, he or she will also get a certain percentage of the $TIME Tokens paid by the readers.

and about the second question, what’s our purpose for building such a platform? It’s comply with our vision for the metaverse before the project started.

Metatime has been incubated in DSG metaverse, which consists of three components: DeFi + SocialFi + GameFi. DeFi is mainly manifested as DEX, which provides the output and trading cases for FT and NFT in the ecosystem.

The second component is SocialFi, which is the product of Metatime. It is not only a place to communicate, or something like a simple forum with a TIME-paying system. Metatime's ongoing exploration is: how to use social interaction to enrich users’ digital identity, including users’ social relationships in a crypto social environment, other people's evaluation for them, what has happened to their addresses on-chain: what kind of behaviors, and what kind of experiences.

What excites us about this product is that everyone in the metaverse can become more three-dimensional through the portal of social and the continuous development of Web3 technology. With future iterations of the product, there will be more and more use cases.

Ramsy:
Thanks man for this warm start 🥂

Now let's see our second question from this segment...

There have been many SocialFi projects emerging recently. What do you think the main distinctive features and advantages of Metatime are compared to them?

Dark Moon:
Haha, let us not use the word advantage.
The SocialFi track is indeed very hot recently, and crypto social or blockchain + social is nothing new. Steemit tried it a few years ago and did a good job for a while.

The main distinctions of the Metatime product are as follows:

1 No guest mode. We have a definition for digital identity: NFT avatar + address + unique nickname. Coupled with the rule of consuming TIME while reading other people's content, you are not allowed to browse content without logging in. This also means that Metatime users are very vertical crypto people.

2 Metatime is very clear about what to do next. SocialFi will not be a story that repeats the many Gamefi projects that have emerged in the past few months. I mean, social as in social behaviors and social tools as one of the foundations of Web3, it has a large enough value in itself. There is no need for excessive incentives. When users come here only for token incentives, then their purpose is not for social, which will result in a compromise for the value of the platform. We took this into consideration during the design process.

3 Token distribution is 100% belongs to the community, and there is NO team share or VC share 🤓

Perhaps this is the biggest distinction : )

Ramsy:
Moving on...

You mentioned the dual-token model. With your explanation, I understand that Time serves as a consumption token. What about the other Token MATTER?

Dark Moon:
$MATTER is collected from Metatime’s task system. Currently, the main tasks include the immersion time on Metatime, your content gaining reading time from others, and reporting inappropriate content, etc. In such cases, MATTER serves as an incentive token. The value of Matter will come from Metatime’s future feature updates: Tribe, Reputation NFT, content-as-asset, mirroring city, etc.

Ramsy:
As far as I know, the launch date of DSG metaverse was Oct 2nd, 2021. Your development speed is quite impressive! Can you tell me the number and background of your team, and how can they effectively help your project succeed in the future?

Dark Moon:
We have a very professional team. What I mean is a team good at understanding the trends of the crypto industry, and good at crypto technology and crypto marketing. Although we are a community project, you know that someone has to do these things in the early stages, and we position ourselves as the ones who do these things in the early stages.

The team remains anonymous for now. But without any fundraising, we are progressively pushing the product ahead with the current amount of development, it is not hard to see that the team’s common promise is: do things that are useful to people’s lives and provide solutions for people’s pain points.

Ramsy:
Thanks boss for this well detailed introduction about METATIME:)

That's the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our Twitter Questions section

i hope you're ready for that!!

Dark Moon:
Yes of course !

Segment 2️⃣: Twitter Questions

Ramsy:
1)I am very interested in the name of your project so I want to invest but currently your project has no information about the token that makes me wonder. Would you give me an overview of the current total supply and where can we buy your tokens?

Here's our first question from Twitter:)

Dark Moon:
As mentioned earlier, we have two tokens, $TIME and $MATTER
$TIME is the requisite token for using the social product Metatime. Users need to pay 1 $TIME per second when browsing content posted by others in Metatime (but as the total amount of $TIME gradually decreases, the consumption of $TIME per second may also be gradually reduced according to the results of governance), and users must use $TIME to complete tasks to get $MATTER.
In addition, you can also stake your $TIME, and get 35% DSG rewards from future exchanges of $TIME.
The total amount of $TIME is 10,000,000,000,000,000（10,000 T）. The tokens are distributed completely fairly. There are no team’s or private investor’s shares. All $TIME will be distributed to community users. Distribution ratio is as follows:

For more information about $TIME, please see https://metatime.social/faq

About $MATTER : There is no upper limit for the total amount of $MATTER, which is obtained entirely from the task system. Currently, the main tasks include the immersion time on Metatime, your content gaining reading time from others, and reporting inappropriate content, etc. In such cases, $MATTER serves as an incentive token. The value of $MATTER will come from Metatime’s future feature updates: Tribe, Reputation NFT, content-as-asset, mirroring city, etc.

Ramsy:
2)o the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

Dark Moon:
The governance rights of Metatime will belong to the holders of $sTIME, which is the token obtained after staking TIME. We have designed a lock-up mechanism similar to Curve. The longer your lock-up period is, the more sTIME you get from a single TIME, the higher your governance weight will be (and the higher the profit from locked TIME will be). The scope of governance will include but not limited to:

~Modify the number of TIME consumed per second( now 1);
~Modify the condition and coefficients of MATTER rewards;
~Review of content, etc.

We have always believed that Web3 projects belong to the people, not VCs!
This is also the principle that we have always adhered to in the design of token distribution and the design of governance

Ramsy:
3)What do you think about the boom of the NFT + DeFi association that is causing so much interest in the world? How does Your project take advantage of and exploit this reality.

Dark Moon:
Yes, DeFi and NFT (both based on Web3) have flourished in the past year, and we have confidence that SocialFi will take the same path in the next year :)

As we said earlier, Metatime is derived from DSGMetaverse, which consists of three parts: DEX (launched on Oct 2nd), SocialFi (Metatime) and GameFi. This means Dex is already an important part of our business, and users can make full use of the benefits of decentralization in DSG DEX, including trading FT and NFT, and it also supports the trading and circulation of various tokens in the Metatime product system.

In terms of NFT, first of all, you need an NFT avatar when logging in to Metatime. This NFT is a threshold for taking part in the product. In addition, many more exciting features are under intense development, such as content-as-asset NFT, reputation NFT, Tribe NFT, etc. For reputation NFT, we will map a crypto user’s characteristics through a series of non-transferable NFTs, which will pave a way for exciting functions such as life on-chain and target advertisement. For Tribes, we will mint the ownership of a Tribe into an NFT, which can claim the income of the content within a Tribe, and Tribes can be bought and sold, which will encourage users to create and maintain their Tribes.

Ramsy:
4)I am Asian.. How can We spread and work for the grow up of this project....?

Here's our last question from Twitter

Dark Moon:
Haha, first of all, you can invite your friends to use the Metatime product, you will get up to 10% of the TIME consumed by your friends as a reward, and you can complete the invitation task and collect precious MATTER. In addition, our newly launched products are in the beta stage, experience our products now, find out bugs, or propose optimization suggestions, you will receive great rewards.

If you have a deeper interest in our products, please contact us and become a community volunteer, to make your contribution (paid) for the future of Web 3 social networking!

Ramsy:
Thanks for Your Valuable Answers❣
And that's the end of our twitter question segment

Dark Moon:
😁

Ramsy:
Now Moving on to our last segment - Live Q&A.

Shall We Go Dude?

Dark Moon:
okay

Ramsy:
Here we go,

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and Miners sent hundreds of questions. Guest choose some best to answer)

1)Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable???

Dark Moon:
We take security very seriously.
We were audited by Peckshield and Certik before we went live, and you can view our audit report here:
Peckshield: https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Metatime-v1.0.pdf
Certik : https://www.certik.com/projects/metatime

2) Is your project only for English speaking countries or is there a community for other language users?

Dark Moon:
English in our products for now, but we are considering other supporting other languages such as Chinese(Since we have many users from China), and other languages are also in consideration

3) IS This Your project only for elite investors, how about others with small funds, is it open to everyone?

Dark Moon:
Of course not ! As I just mentioned before, We are totally community driven, we have no Team or VC tokens! Everyone can get their $TIME tokens on same price !
And let me repeat once : we have always believed that Web3 projects belong to the people, not VCs!

4) Is there any staking program in your project?

Dark Moon:
Yes, now you can stake the $TIME token, to receive the TIME and DSG rewards.
in the future, we will start our liquidity-mining programme, that you can ean TIME and DSG through providing liquidity.
Check this APY 👀

5) PARTNERSHIP & COLLABORATIONS are the backbone in making every project more widespread. Can you list some of ur partners with us?

Dark Moon:
Of course! PARTNERSHIP & COLLABORATIONS are More importantly for Social product, we have established partnerships with a significant number of KOLs and a significant number of project parties on BSC, here’s some:

*This segment ends here*

Ramsy:
Thankyou so much For your valuable answers and information about METATIME,
It Was Pleasure Hosting An Ama With You.

Is there anything else you would like to share or you want us to know ?

Dark Moon:
These are enough, thank you Crypto Miners !

Ramsy:
Time To Conclude Our AMA Section
Best of luck for the future 🚀🚀

Community, if you would like to learn more about METATIME, here are some useful links for you:

Website: https://metatime.social/

Twitter: https://twitter.com/Metatime_social

Telegram: https://t.me/MetatimeGroup

Dex: https://dsgmetaverse.com/

Medium: Metatime