DePIN Shared Economy

A Mutually Beneficial Purpose

The concept of a DePIN (Decentralised Physical Infrastructure Network) shared economy revolves around the idea of individuals or businesses sharing resources, goods, or services with others for mutual benefit. It leverages technology and platforms to facilitate peer-to-peer transactions, enabling people to access and utilise underused or idle assets more efficiently.

In Web3, blockchain technology plays a central role, enabling peer-to-peer interactions, decentralised applications and ownership and management of digital assets through smart contracts.

As BitDoctor makes its exodus into Web3 to expedite an ecosystem that includes a shared economy protocol, we are powering a system that provides a more open, transparent and user-centric ecosystem.

A key focus of this shared economy is the distribution of profits back to the users who actively engage with BitDoctor's platform activities.

In the traditional sharing economy of Web2, profits are often concentrated among platform owners and a few key stakeholders. However, BitDoctor aims to disrupt this model by empowering users to play a more active role in the platform's success and share in the rewards.

Here's how BitDoctor's DePIN shared economy works:

BitDoctor's Revenue Sharing Model: Traditionally, consumers are the products in the marketing model, gaining no benefit. BitDoctor aims to disrupt this by redirecting marketing and medical research dollar revenues back to consumers. This model fosters consumer loyalty and engagement, while consumers improve their health and earn rewards. Sponsors gain access to a targeted audience, creating a win-win-win scenario for all involved parties.

Data Contributors Reward Pool: Incentivizing Ecosystem Participation A vibrant and active community is the backbone of any successful platform. Recognizing this, BitDoctor has allocated 24% of its token supply to reward contributors within its ecosystem. Over a period of 36 months, 24 million tokens will be distributed to those who contribute to the cultivation of AI Doctor (through scanning on the app), growing the platform’s social presence, volunteering, and providing medical expertise. Contributors are initially rewarded with $LiV, BitDoctor’s in-ecosystem currency. The more $LiV accumulated, the greater the allocation of future airdrops and special privileges within the BitDoctor ecosystem. This reward pool not only incentivizes participation but also fosters a sense of community, encouraging individuals to actively engage in the platform’s growth and success.

Users are encouraged to actively participate in various activities on the platform which consist of AI health scan, educational health quests and many more. This will include content created and shared by partnering brands, community contribution and users utilising services provided by vendor. Additionally, medical specialists contributing their expertise are appropriately rewarded, as are volunteers who help with the platform's growth.

Token-Based Rewards: BitDoctor issues native tokens, which users can earn as rewards for their participation. These tokens represent a stake in the platform and its ecosystem.

Decentralized Governance: BitDoctor's DePIN shared economy incorporates decentralized governance, allowing users to have a say in the platform's development and decision-making processes through BitDoctor's DAO. Users with a stake in the ecosystem can propose and vote on changes or improvements to the platform.

Smart Contracts: Through the use of smart contracts on the blockchain, BitDoctor automates the process of profit distribution. These self-executing contracts ensure that users are rewarded fairly based on their level of engagement and contribution to the platform.

Token Value: The native tokens hold inherent value within BitDoctor's ecosystem. Users can trade, hold, stake or utilize them to access additional services, benefits or discounts on the platform.

Incentivizing Vendors: Vendors on the platform are also incentivized to actively engage with users and provide high-quality services. Their success is tied to the level of user satisfaction and engagement, leading to a more symbiotic relationship between vendors and users.

Overall, BitDoctor's DePIN shared economy creates a virtuous cycle, where active user participation drives the platform's growth and success, leading to more significant profits, which are then distributed back to the users.

This approach not only empowers users by giving them a stake in the platform's success but also fosters a stronger sense of community and collaboration, ultimately leading to a more sustainable and thriving ecosystem.

Revenue Stream

Big Data Sales: As the app accumulates health data throughout its usage, this information holds immense potential for a variety of applications, while ensuring personal data protection. The collected data can provide valuable insights that can be utilised to enhance the offerings of brands, pharmaceutical companies, and other stakeholders in the healthcare industry.

Content Sponsors: Content sponsors on BitDoctor can benefit creators by providing them with $AIDR tokens as payment for creating sponsored content. Creators can then use these tokens to monetise or upgrade their dynamic NFTs (dNFTs), earn more tokens via the AI application platform, and participate in a variety of digital and physical level-up activities offered through BitDoctor's partnering Web2 and Web3 brands. This will create a gamified experience that is highly incentive for the creators to continue producing high-quality content in our ecosystem.

Sponsors: Sponsorships will primarily be facilitated through the acquisition of $AIDR tokens. Additionally, fiat payments are also accepted and will be subsequently converted into $AIDR tokens. This process will contribute to the appreciation of the $AIDR token's value.

Royalty Fees: Profile dynamic NFTs (dNFTs) will be available in the market, combined with a secondary marketplace for trading these assets. As NFTs are traded within this marketplace, the company will collect a royalty fee, which will serve as one of the revenue streams.

Transaction Fees: Considering that $LiV will determine the entitlement amount of $AIDR tokens allocation within our proprietary blockchain can be swapped to other major cryptocurrency such as Bitcoin, transaction fees will be required to facilitate these swaps. This fee structure not only helps maintain the network security and efficiency but also generates additional revenue for the platform. By charging transaction fees, the platform can reinvest these resources into improving the overall user experience, expanding its services, and ensuring the long-term sustainability of the ecosystem.

In-App Ads and Health Article: A large number of users on the app represent a significant consumer base. Leveraging our in-house AI technology, we can effectively target users with products tailored to their specific needs, aimed at improving their lives and potentially preventing future health issues. Ad purchases will generate revenue driven by brands featured on the platform, ensuring targeted and efficient marketing campaigns are optimised.

This approach will revolutionise performance marketing by moving away from conventional browsing history algorithms and focus on personalised recommendations based on individual health and wellness needs that have been determined by data gathered from our AI health scan. As a result, users will be presented with relevant and valuable offerings, whilst brands further benefit from increased engagement and higher conversion rates.

Targeted Activation: Sponsors and medical partners can benefit from being part of our ecosystem as they will have data on their campaign attendees, push marketing, impressions and brand awareness.

The BitDoctor team will organise campaigns with or without sponsored partners to benefit users.

Proceeds/profit/sponsorship/targeted ads from partners will be used to be shared among community members.