Metatime AMA Recap
Tags: Metaverse, Blockchain, Defi, Socialfi, Crypto

Metatime：

Hello everyone, AMA starts now. Metatime’s community ambassador Darkmoon is here with us to answer the questions. I will directly pick questions, and Darkmoon will leave a comment below the question to give an answer. If you still have doubts, please leave more comments below the question.

Question #1： Darkmoon, please briefly describe what kind of platform Metatime is?

Darkmoon：

Metatime is a Web3-based crypto social product deployed on BSC and will expand to multi-chain eventually.

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 will also get a certain percentage of the TIME Tokens paid by the readers.

This is what we think of as a Web3 social product: all users’ time has value, and content that gains users’ attention will gain value.

Metatime：

Question #2: There have been many SocialFi projects emerging recently. What do you think the main distinctive features and advantages of Metatime are compared to them?

Darkmoon：

Our advantages are in several aspects:

1 Completely fair distribution, no team or VC share.

We believe that web3 belongs to the people, not the VCs

2 No guest mode. We have a definition for digital identity: NFT avatar + address + unique nickname. Coupled with the rule of $TIME billing while reading other people’s content, you are not allowed to browse content without logging in. This also means that our users are crypto natives.

3 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 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.

Metatime：

Question #3: What is the dual-token model of Metatime? What are the use cases of TIME and MATTER?

Darkmoon：

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 upcoming feature updates: Tribe, Reputation NFT system, content-as-asset feature, mirroring city, etc.

Metatime：

Question #4: I’d like to know what is the roadmap for 2022 Q1?

Darkmoon：

In 22Q1, We will unlock many new features, including tribe/reputation NFT system.

we also will make the transition to decentralization, and the right of censoring content will be returned to the community.

A new user introduction program will also be implemented in Q1.

You may also check our full roadmap on our website: https://metatime.social/

Metatime：

Question #5：Please give an overview of the feature “Tribe”.

Darkmoon：

Tribe is a new species of social product, a forum-based, blockchain-transformed web 3 application.

Simply put, Any user can create a “Tribe” for any topic after consuming MATTER. Tribes can be set up as paid or free, as determined by the tribe owner. The tribe owner gets the revenue from the content of the tribe, so he will work hard to promote and manage the tribe.

Also, the ownership of the tribe is an NFT, and it can be bought and sold.

This means that the tribe itself can be listed on the secondary market, and the owner of an active tribe with quality content can transfer ownership of the tribe in addition to being rewarded with TIME. Which will greatly increase their motivation to create and maintain an active tribe.

Metatime：

Question #6：We found out the team announced many partners. How will they generate the content in Metatime, and what are the incentives for them?

Darkmoon：

Our partners are required to have NFT to log in to Metatime, just like regular users.

The benefits they can get come from multiple sources: Firstly, it’s obvious the $TIME incentive that their content gets; Secondly, Metatime is a social product that can meet their marketing needs.

In addition, under the mechanism of Metatime, the platform will gradually attract and retain a group of crypto-savvy users with which our partners can have close contact, thus benefiting the development of their projects.

Metatime：

Question #7：What’s the plan about the added value for the first 2000 Avatars? Could the team help share in advance?

Darkmoon：

We certainly have planned well, but I can’t reveal too much right now, stay tuned👀

Metatime：

Question $8：Will the Entry threshold always be so high, because now 10000AF cost $270? How do we achieve the network effect? Will the community threshold be gradually lowered in the later period?

Darkmoon：

“Will the Entry threshold always be so high?”

Of course not, we are a social product and the network effect is exactly what we need.

The current limitations are mainly due to the fact that we are still in beta testing phase, where there are still many necessary features being refined, and features such as tribe, reputation NFT being developed.

But we already have plans to open up the next batch of users to the Metatime product, and we’ll probably announce it in January, stay tuned!

Metatime：

Question #9：How to solve the problem of content supply at the beginning of the community? Make sure the creators are serious about sharing quality content and not getting rewarded with pornographic images, following each other, and other lazy ways.

Darkmoon：

We certainly took this into consideration, and if you look closely you’ll see that there are far less pornographic spam on Metatime in the initial stage than on a competing product that had launched earlier.

The need to consume $TIME in order to use Metatime is the most essential reason why we can keep our content clean in the long run.

In addition to this, the $MATTER incentive for posting quality content and the fact that we have set a reporting task within the task system will also help us achieve this.

Metatime：

Due to time limitations, this AMA will end here. If you have any other questions, you can still leave comments or discuss them in the Telegram group, where our volunteers will also answer them.

https://metatime.social/

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