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Paraverse White Paper
  • Paraverse: A Decentralized Operating and Trading Platform for 3D Digital Assets
  • Digital Parallel World
    • What is the "Digital Parallel World"?
    • Enabling Seamless Interaction with the Digital Parallel World
  • The Pain Points and Technical Challenges
    • The Pain Points and Technical Challenges
  • Paraverse Product Solutions
    • Paraverse Product Architecture Design
    • Operational System for the 3D Digital Parallel World — ParaLab
    • 3D Digital Parallel World Asset Utilization and Circulation System — ParaHere
    • Decentralized Distributed Rendering Network — Lark Network
    • Product Features
  • User Group Demand Analysis and Economic Ecosystem
    • User Group Demand Analysis
    • Paraverse Economic Ecosystem
      • User Payment System
      • Ecological Growth Strategy
      • Dynamic Analysis of PVS Token Market Capitalization Growth
  • Paraverse Core Technologies and Capabilities
    • Visual Computing GPU Resource Pooling
    • Cloud XR Network Transmission System
    • Distributed Validation Storage and Encrypted Operation of 3D Assets
    • Web3.0 combined anti-cheating mechanism for 3D applications
  • 3D Digital Asset Economic System Design
    • Token Design
      • Token Value Accumulation
      • Initial Token Distribution
      • Token circulation and stability
    • Incentive Mechanism
      • Rendering income
      • Validation Reward
      • Staking Rewards
    • Penalty Mechanism
  • Security and Privacy
    • Access Control and Authentication
    • Privacy Protection and Anonymity
    • Network Attack Prevention Measures
  • ParaDAO Community and Ecosystem
    • ParaDAO Community and Ecosystem
  • Ecosystem Development Roadmap
    • Ecosystem Development Roadmap
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  2. Paraverse Economic Ecosystem

User Payment System

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Last updated 8 days ago

In the Paraverse network ecosystem, users can use PVS tokens for consumption at the application business layer, while PAR tokens are used for activities related to the infrastructure layer.

PVS Token Functions (Application Layer)
PAR Token Functions (Infrastructure Layer)

Core Functions

  1. Pay for Rendering Services: Application developers can use PVS tokens to pay for rendering service fees, enabling them to utilize real-time cloud rendering services to support their 3D applications.

  2. Pay for 3D Application Experiences: Application developers can use PVS tokens as a payment method to distribute to regular users, allowing them to experience 3D applications.

  3. Exchange for PAR Tokens: PVS tokens can be exchanged for PAR tokens within the Paraverse ecosystem.

Core Functions

  1. Miner Rendering Task and Staking Rewards: Paraverse incentivizes miners to efficiently and reliably execute rendering tasks. To ensure the security and reliability of rendering tasks, miners are required to stake a portion of PAR tokens into the staking pool and receive staking rewards.

  2. Miner Network Validation Rewards: Miners who join Lark Network to execute rendering tasks can participate in block validation and have the opportunity to receive validation rewards.

  3. Payment for 3D Digital Asset NFT Minting: Paraverse supports the authorization and copyright protection of 3D digital assets, helping creators ensure the originality and uniqueness of their works, preventing unauthorized copying, modification, or distribution.

  4. NFT Creator Copyright Revenue: NFT creators can earn PAR tokens by selling 3D digital assets and capabilities, collaborating with project teams to create value and obtain sustainable long-term revenue from the circulation of their works.

  5. Payment for Tokens Issued by Application Developers: Paraverse supports application developers issuing their own tokens on the Lark Network chain, which can be integrated with PAR tokens.

  6. ParaDAO Voting: ParaDAO operates based on the voting rights of PAR token holders, enabling decentralized decision-making and organizational management. By holding PAR tokens, users gain greater influence over decisions within the Paraverse ecosystem.

  7. Payment for NFT Transaction and Circulation: Users can use PAR tokens to purchase 3D digital assets and facilitate the trading and circulation of NFTs.

  8. Payment for Application Developers' Smart Contract Deployment: 3D application developers can use PAR tokens to pay for the deployment and invocation of smart contracts on Paraverse. By integrating smart contracts with the code of 3D applications, it ensures a safer and more reliable way to run applications.

  9. Exchange for PVS Tokens: PAR tokens can be exchanged for PVS tokens within the Paraverse ecosystem.

Market Functions

  1. Token Trading and Exchange: Similar to other cryptocurrencies, PVS can be traded on decentralized exchanges. Users can buy, sell, or exchange PVS tokens for other cryptocurrencies or assets, providing more flexibility and liquidity to the token. This also creates more market demand, promoting the growth of the token's value and offering potential appreciation benefits for holders.

  2. Airdrop Rewards: Users can earn additional token rewards by holding PVS tokens. The platform periodically airdrops PAR tokens to its holders (based on the market ratio between PVS and PAR), increasing market circulation and enhancing incentives for users to hold tokens in the long term.

Market Functions

  1. Token Trading and Exchange: Similar to other cryptocurrencies, PAR can be traded on decentralized exchanges. Users can buy, sell, or swap PAR tokens for other cryptocurrencies or assets, providing more flexibility and liquidity for the token. This also increases market demand, thereby promoting the growth of the token's value and offering potential appreciation benefits for holders.

  2. Airdrop Rewards: Users can receive additional token rewards by holding PAR tokens. The platform periodically airdrops PAR tokens to its holders (based on the market ratio of PVS and PAR), increasing market circulation and enhancing the incentives for long-term holding by users.

The Flow and Circulation of PVS and PAR Tokens in the Paraverse Ecosystem

  1. PVS and PAR: Tradable value capture tokens (price fluctuates with the market) and payment tokens within the Paraverse network ecosystem.

  2. Minting and Consumption: When 3D application developers use the rendering network, regardless of the demand-side PVS tokens, an ongoing supply of PAR tokens will be minted by miners. These tokens are either stored by miners or circulated into the market for trading. When the network economy cannot achieve a balance between supply and demand for the currency, the platform will use part of the US dollar reserves in the corporate account to repurchase PVS or PAR tokens from the market and burn them, reducing token circulation in the market to maintain economic stability within the Paraverse network.