Token Design

For the digital parallel world to truly achieve widespread adoption, it is not only dependent on breakthroughs in core technologies like real-time cloud rendering + Web3.0, but it also requires the establishment of a healthy economic ecosystem as the support mechanism for the "co-creation economy." To meet the various needs of builders and users participating in the construction of the digital parallel world, Paraverse has designed a decentralized economic system for 3D digital assets, which includes the issuance of PVS and PAR tokens, as well as token incentive mechanisms, punishment mechanisms, etc., based on 3D application scenarios. This system can achieve transparency in asset ownership, ensure transaction security and immutability, and reduce transaction costs. Additionally, it can promote the circulation and trading of 3D digital assets, providing new sources of income for creators and users, ultimately achieving a positive cycle of the "co-creation economy."

Token Design

Paraverse has an economic system suitable for 3D digital assets, which includes the native currencies PVS and PAR, used to ensure the smooth flow of application business layers and the construction and operation of infrastructure layers. The value of the two tokens is driven by both speculation and fundamental demand, and as time passes and network usage increases, their value will rely more on their utility and demand. The tokens accumulate value through multiple mechanisms, including locking tokens and incentivizing users to hold tokens in exchange for rewards or voting rights, while also being influenced by factors such as supply and inflation. The initial token distribution involves multiple parties, including ecosystem funds, investors, and public reserves, to support the comprehensive development of the network ecosystem. The annual currency supply will increase linearly. To maintain economic stability, Paraverse will implement a series of macroeconomic control strategies, including adjusting the exchange rate between PVS and PAR, providing token rewards and discounts, implementing token storage staking mechanisms, as well as burning and minting models. These strategies aim to balance supply and demand, maintain the stable value of tokens, and promote the healthy development of the network.