We are now closer than ever to creating a fair and inclusive world.
Throughout history, technology has continuously advanced in tandem with productivity, while the model of wealth allocation has remained largely unchanged. The agricultural revolution, for example, increased food production, but the surplus value went to tribal leaders and clergy, leaving laborers with little. In the feudal age, the aristocracy and priests seized a large portion of output from farmers who toiled on their own land. Although the Industrial Revolution pushed mankind’s productivity to unprecedented efficiency, the proletariat descended into poverty as machines, as the core means of production, were in the hands of the bourgeoisie. These extreme injustices led to social upheaval and even revolution, culminating in the outbreak of the Great Depression and World War II. The resulting reform & adjustment on capitalism, such as tax system reform, eight-hour workdays & labor union, and offering equity incentives for important employees not only alleviated public anger and saved capitalism but also stimulated consumption and promoted economic prosperity.
In the age of the internet, technology’s iteration coupled with the booming of capital investment further lifts productivity. Fundamentally different from the past, data is the Internet’s core source of profits, and it is provided by users. However, the profits obtained by online data are taken by tech giants, leading to a huge wealth gap. This leaves ordinary people lacking spending power, and it impedes the fulfillment of productivity potential and the development of the economy.
Today, PeopleEquity believes that advanced productivity in the digital age calls for a new wealth distribution model. Standing at the juncture between Web2 and Web3, we aim to replace the outdated allocation model with a new blockchain-based allocation mode by distributing labor income and equity income to users. We strive to promote income equality around the world and push commercial and business prosperity to new heights, forming new production relations.
If the grand narrative doesn’t interest you, the actual benefits should concern you. In the PeopleEquity ecosystem, tech behemoths do not have a chance to take advantage of your data because you can fairly compete and earn income through blockchain. The value link between contribution and return is clear and transparent. You can obtain labor and equity income by affiliating and making contributions in terms of promoting token investment and marketing the enterprise’s products. Everything is written into smart contracts, and everyone has equal opportunities.
For more information on the mechanisms of labor income and equity income, please read below:
Token Investment
In the PeopleEquity ecosystem, the enterprise issues equity tokens to represent the enterprise’s ownership. These tokens can be freely traded on DEX. We encourage KOLs or influencers with proven investment and research capabilities to create a community and establish on-chain connections with community members through the two-way transfer in the Virtual Identity Interconnection Protocol (VIIP). As a result, when community members trade the enterprise’s tokens on EquitySwap, the influencer, also known as “laborer”, who leads community member trade by constantly sharing research guidance and investment insights, will passively receive labor income and equity income. This income includes EquitySwap fee rebates and internal incentive of a token, the ratio of which is set by the enterprise. Please see the specifics outlined below:
- EquitySwap Fee Rebate
Similar to other decentralized exchanges, EquitySwap charges a 0.3% transaction fee on each trade, some of which are refunded to influencers who establish on-chain credit links with their community members and contribute to the community. If influencer A is linked with B through VIIP, A can earn profits through VSDP(Value Smart Distribution Protocol) according to the diagram below.
- Internal Incentive
Crypto-application enterprises have high growth potential, and their equity tokens’ value can increase significantly over time. Therefore, the enterprise charges internal transaction fees for its tokens, and a portion of these fees is allocated as internal incentive for laborers (i.e., influencers) in the credit network.
When B buys a token, A immediately receives risk-free labor income. During the holding period when B does not sell, the value of A’s unrealized equity income increases with the market value of the project. When B sells, A receives the market value of his contribution.
To sum up, in the case of internal incentive, A obtains labor income and equity income from two sources:(1)the internal incentive of the enterprise and (2) the fee rebate from EquitySwap, which is initially set at 0.08%.
Markting Products
Product promotion, marketing, and payment conducted on the online store involve the labor of both buyers and sellers, contributing to the enterprise’s market value. To distribute value fairly, we have innovatively launched Product Equity Certificates (PEC).
PEC’s main function is to record key information surrounding an on-chain product purchase, such as the buyer, promoter, payment amount, etc. Based on their contributions, both promoter and buyer involved in a product will receive corresponding labor income and equity income. Although buyers have not contributed labor, they still contribute to the company’s development. Therefore, PEC will distribute equity income that should belong to the buyer. Promoters work to help the online store successfully sell products, so PEC will allocate them their deserved labor income and equity income.
For products that do not require payment, such as most social media applications, PEC will record information about promoters and users and distribute their deserved labor income and equity income based on their actual contributions.
Specifically, PEC will stake the equity token in a contract and incorporate the promoter, the product, and the buyer information into a temporary NFT. The buyer can claim the temporary NFT after the product purchase state becomes non-refundable. The claimed temporary NFT can be resold, but only after the NFT has cashed out equity token rewards. Promoters and those who have been shared with will receive equity income, and the final NFT will record transaction and income information to determine its value.
Ending Thought
Initially, PeopleEquity will focus on token investment for new production relations, and in the future, we will gradually establish an online store and enrich the ecosystem by bridging more use cases with the real economy. We believe in the value and application prospects of new production relations and are committed to continuous research and development investment to drive their growth.
A new dawn is rising, so join us now — People’s Equity leading the world towards equality!
