Service Time

What is Service Time?

A decentralized community with strong beliefs and convictions dedicated to building an ecosystem that strengthens local service businesses against mega-chains and mitigates the syphoning of consumer wealth to the super-rich.

Introduction

Service Time is more than just a decentralized application—it’s a global movement powered by purpose, community, and innovation. At its core lies a community-owned and governed ecosystem, united by a shared mission, a strong guiding ethos, meaningful value propositions, and a transparent, revenue-sharing treasury designed to uplift everyday consumers, service businesses, and OPIC holders worldwide.

We invite you to explore our vision and discover what sets Service Time apart. Whether you're a consumer, a service business, a community investor, or a believer in economic fairness, we hope our values and aspirations resonate with you. Join us as we build a future where opportunity is shared, support is mutual, and the benefits of participation are open to all. This journey begins with us—and continues with you.

Superior Protocol

Imagine a protocol that enables service-providing businesses to turn their slow periods into profitable opportunities, facilitates amazing off-peak deals for consumers, and rewards community members for their supportive participation in the protocol's ecosystem. Service Time is a project that leverages blockchain, tokenization, Web 3.0, AI integration, and e-commerce to create a new protocol. Service Time is dedicated to developing a superior solution to the Web 2.0 business model, as provided by companies like Groupon and LivingSocial. Their Web2 business model connects consumers with deals from businesses at a significant disadvantage to the businesses. The Service Time's protocol implements a novel solution that addresses the persistent challenge in the service industry: revenue loss resulting from imbalances between peak and off-peak demands. Its decentralized application aims to maximize off-peak revenue for service providers, generate an additional income stream for deal consumers, and reward its token community (consumers, service providers, community members, etc.) with economic benefits, ownership, and governance.

Community-Owned

Service Time is a community-first and community-owned (CFCO) project. The community is as vital as the protocol in the Service Time ecosystem. Our CFCO approach fosters a "non-rug-pull" and fair culture that prioritizes inclusivity, equity, and transparency in our interactions. Trust and fairness are paramount. The project aims to build a genuine, loyal, and long-term community by:

• Implementing and honoring its Ethos

• Redistributing the ecosystem's accumulated and appreciated wealth to all its community members.

Our CFCO culture aligns the interests of service providers, consumers, and OPIC holders, ensuring balanced shared risk-reward in the ecosystem’s growth and success.

Value Propositions

Service Time's solution offers significant value propositions for various OPIC community groups in its ecosystem.

• For Service Providers

  • Boost Off-Peak Revenue: Convert slow business periods into profitable opportunities

  • Attract Loyal Consumers: Acquire long-term consumers with more long-term engagements

  • Zero Consumer Acquisition Cost: No consumer acquisition costs for local service businesses that are community members

  • Ownership & Rewards: Earn OPIC rewards and become a part-owner of the ecosystem

  • AI Integration: Deals management, pricing, and trade with AI integration and agents

  • Verifiable marketing: Publicly accessible and immutable marketing reports & analytics

• For Consumers

  • Amazing Service Deals: Access quality services at wholesale prices for consumption or resale

  • Additional Income Stream: Resell/auction unused subscription deals in our marketplace

  • Ownership & Reward: Earn OPIC rewards and become an part-owner of the ecosystem

• For OPIC holders

  • Ownership: Enjoy all the benefits of being a part-owner of the Service Time ecosystem

  • Service Subscription: Leverage OPIC's purchasing power to convert one-time deals into deal subscriptions

  • Staking & Rewards: earn staking and revenue-sharing rewards from the ecosystem

  • Governance: Decision-making & voting rights in shaping the ecosystem's growth and treasury

Revenue Sharing

Service Time aims to be a self-sustainable and economically viable ecosystem by generating revenue from the protocol's transaction fees. Its business model is a fee-for-service strategy offering competitive value propositions for its primary targeted community members – consumers, local service businesses, and OPIC holders. All fees collected will be autonomously and transparently deposited into the protocol's treasury. The protocol's treasury is intended to serve two primary purposes:

• Sustainability reserve - funds for self-sustainability, research, and continuous growth

• Revenue sharing - funds for the redistribution of accumulated wealth back to the community

The OPIC holding community entirely governs revenue-sharing decisions.