Miao'A International Timechain (M.I.T) is dedicated to building a precision time-value-based transmission network. We highly acknowledge the time-value of money for each individual, and that the extent of which an individuals time is valued depends on how much he/she is needed by others, i.e. the more helpful an individual is, the higher the individual is needed. For the purpose of better presenting individuals time-value, and effectively matching the time exporters and time demanders, M.I.T will introduce TNB (a.k.a. Time New Bank) digital currency, based on a blockchain technology underlying platform, aiming to establish a time-value transmission network which comprises prominences of decentralization, internationalization, payment flexibility, pricing transparency, and strong protection of rights and proof-of-stake.
After conducting solid market research and analysis, combining the team’s strong offline resource integration ability and sales capacity, the team has constructed M.I.T, a precision time-value transmission platform based on blockchain technology, to organize a comprehensive network comprised of primary, secondary and third market for time commodity exchange. M.I.T aims to deliver a standardized system that fully expresses the value of time commodities based on how time exporters are recognized and demanded via scientific and systematic analytical model by leveraging its decentralized value transmission platform. In commodity value transmission process, TNB will be adopted as the settlement currency to accurately tell both the current and future value of the time commodities. Under the abovementioned structure, time demanders can quickly retrieve on the M.I.T platform to position and purchase the exact time commodity from the exact time exporter. After completing the purchase, time demanders could either materialize the time commodities or transfer them on the secondary market. Investors can invest on commodities via the third market. In this way, multiple-layers of demand are fulfilled.
Blueprint for future development
Once M.I.T platform is formed, it will be able to cater more ordinary time exports besides high-valued celebrities and entrepreneurs. There will be an overlap between time demanders and exports. As long as an individual’s ability to serve is being recognized, he/she will be able to monetize his/her time. M.I.T will thrive to make everyone’s time valuable and realize inclusive self-fulfillment for each individual.By entering this stage, M.I.T could not only serve its cooperative partners and users, but also quickly cultivate user habits of utilizing TNB. The applicability of M.I.T will enable TNB to cover more consumption scenarios and introduce more potential partners to the platform. The demand for TNB will further boost, so will it be for TNB trading price, bring along activeness on secondary market and expedite the enthusiasm for third market.
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