Time New Bank (TNB) is the token issued by the international station of the time trading platform "MiaoA International", aiming to create a decentralized, cross-border, and price-transparent time value chain M.I.T. The higher the demand for peoples time in commercial terms, the greater its corresponding value; the TNB project builds a foundational platform M.I.T with blockchain technology, providing more efficient value transmission guarantees for time providers and time seekers.

The MiaoA time trading platform already has an app, which features entrepreneurs, celebrities, public figures, and artists, each with their own pricing trend chart. Those in need can purchase these famous individuals time. By employing blockchain technology, transactions on the time trading platform become more transparent, solving the challenges of international settlements.

The advantages of this project are as follows:
1. By adopting blockchain technology and using tokens for settlement, transactions on the international time trading platform are expedited, making it easier for time providers and seekers to engage in trade without the difficulties of cross-border settlements.

2. Leveraging the transparency and irreversibility of blockchain, the prices and basic information of celebrities time will be made public, resolving issues related to previous packaging, speculation, and credit. Given the potential for significant fluctuations in information on this trading platform, eliminating information asymmetry improves the experience for both parties involved in transactions.

Project Highlights

1. Using blockchain technology and token settlements facilitates faster transactions on the international time trading platform, making it more convenient for time providers and seekers to engage in trade without the complexities of cross-border settlements.

2. By utilizing blockchains transparency and immutability, the prices and basic information of celebrities time will be disclosed publicly, addressing problems associated with past promotional activities, speculation, and credit. This ensures that any significant information affecting the value of time is accessible to all, enhancing the trading experience for both parties.

Application Scenarios

After the M.I.T platform ecosystem is established, it will expand from serving high-value time contributors to include more popular time contributors. Time seekers may overlap with time providers, as anyone recognized for their service capabilities can monetize their time through the M.I.T platform, giving everyones time value and enabling true self-actualization. At this stage of platform development, while serving partners and users, it can quickly foster the habit of using TNB during consumption. Due to the M.I.T platforms broad commercial applicability, TNB can cover a wide range of consumer scenarios, attracting more merchants to collaborate on-chain, increasing the demand for TNB and further driving up its price, stimulating secondary market activity and the emergence of a tertiary market.

Six Key Features of M.I.T

1. Global First Personal IPO Platform
Anyone whose service capability is recognized and possesses certain value can generate personal tokens on the M.I.T platform through the constraints of smart contracts, conducting their first personal IPO. After a successful IPO, they lay the groundwork for enhancing their personal capabilities and influence.

2. Tokenization of Time and Skills
Quantify each persons unique skills in terms of time, forming time products, which are then tokenized through scientific algorithms. Regardless of nationality, holding personal tokens allows one to exchange for corresponding services. As time progresses and personal development improves, the value of their time products also appreciates.

3. Decentralized Time Value Measurement
M.I.T will develop a time commodity trading platform (secondary market), leveraging blockchain technology to create transparent market behaviors. This makes it easy for time seekers and investors to obtain product information and conduct transactions, realizing the value of time commodities.

4. M.I.T Smart Contracts and Digital Identity
On the M.I.T mainnet, multiple smart contracts will be generated, implementing different contracts for various application scenarios. Smart contracts allow for trusted transactions without third parties, which are trackable and irreversible. We will also establish a digital identity system based on the X.509 standard of PKI, storing identity information of individuals, organizations, and things in electronic data form to build digital credit.

5. Multiple Application Scenarios
The M.I.T platform adopts blockchain 3.0 standards, providing API interfaces for more application scenarios. Through blockchain technology, it enables the implementation of application scenarios. Additionally, the M.I.T platform will integrate more mature application scenarios to rapidly build the platform and promote its sustainable development.

6. Transparent Transactions
Based on the latest blockchain underlying technology, M.I.T constructs a decentralized time commodity value transfer platform and provides a block explorer. Every transaction can be queried through the block explorer, allowing users to manage their personal time assets quickly, efficiently, securely, and legally.