https://dejoy.io/_next/static/chunks/app/%5Blocale%5D/insights/page-4d5266f2b1c648c1.js

1(self.webpackChunk_N_E=self.webpackChunk_N_E||[]).push([[153],{5131:function(a,e,n){Promise.resolve().then(n.bind(n,5931))},5931:function(a,e,n){"use strict";n.d(e,{InsightsView:function(){return T}});var t=n(7437),i=n(2265),s=n(2120),r=n(5278),o=n(3082),l=n(730),u=n(5393),p=n.n(u),c=n(3553);let g={kicker:"Insights",title:"Turning Consumption into Long-Term Capital",subtitle:"The Next Real Source of Liquidity",description:"A perspective on how real consumer spending can become the foundation of sustainable liquidity, digital assets, and long-term community value.",sections:[{heading:"The real problem is not a lack of assets, but a lack of liquidity",paragraphs:["Over the past few years, many industries have appeared to face different challenges. But underneath them all lies the same core issue: a shortage of sustainable liquidity.","Traditional businesses, especially growth-stage companies and SMEs, often have real products, real users, and real revenue, yet still struggle to access capital markets.","Meanwhile, Web3 faces the opposite problem: too many assets, but not enough real demand.","New tokens and narratives emerge every day, yet most lack sustainable business activity, recurring revenue, and real consumer behavior behind them.","Even RWA follows the same logic. Tokenizing an asset does not automatically create liquidity. An illiquid asset does not become liquid simply because it moves on-chain."]},{heading:"The real source of liquidity is consumption",paragraphs:["Markets have long believed liquidity comes from exchanges, market makers, institutions, and financial engineering.","But these are amplifiers, not origins. True long-term liquidity comes from real demand, real revenue, and real cash flow.","The largest and most consistent source of cash flow in the real economy is consumption.","Every day, consumers express trust through spending: buying products, subscribing to software, playing games, supporting creators, and paying for services.","These are not just transactions. They are signals of belief in a brand, product, team, or ecosystem. Yet traditional business models waste this trust: consumers pay, businesses deliver, and the relationship ends."]},{heading:"Consumers as long-term stakeholders",paragraphs:["What if consumption could become more than a one-time transaction? What if users could become long-term participants in the ecosystems they already support?","This is the true meaning of consumers as investors. It is not speculative investing, not encouraging retail users to gamble on assets, and not replacing regulation with hype.","Instead, real business activity becomes the foundation of sustainable digital assets. Products come first. Revenue comes first. Users come first.","Then transparent, auditable mechanisms can convert part of that economic activity into long-term community value."]},{heading:"The closed loop that changes everything",paragraphs:["The key is not issuing tokens. The key is building a sustainable loop: product to consumption, consumption to cash flow, cash flow to community assets, community assets to long-term participation, and long-term participation to more consumption.","Once this loop exists, business financing fundamentally changes. Companies no longer rely entirely on external capital and paid advertising.","Consumers become participants, advocates, contributors, and long-term stakeholders. Liquidity no longer depends solely on speculative capital inflows. It can emerge directly from real economic activity itself."]},{heading:"Why this matters beyond Web3",paragraphs:["This should not be viewed simply as crypto or token issuance. It represents a new form of economic infrastructure connecting consumption, financing, digital assets, and real-world businesses.","For governments, this creates new possibilities: supporting SMEs, stimulating consumption, activating local industries, expanding digital economies, and building sustainable liquidity systems.","Unlike subsidies or temporary stimulus programs, consumption happens every day. The challenge is that markets have lacked infrastru

1cture capable of organizing consumer cash flow into long-term value networks."]},{heading:"The real challenge of RWA",paragraphs:["The biggest challenge of RWA is not tokenization. It is who buys, who holds long term, and who keeps liquidity alive.","Without real usage and consumer participation, tokenized assets remain financial abstractions.","But when assets become connected to commerce, membership systems, gaming economies, content subscriptions, service ecosystems, and real-world consumer spending, they evolve into living economic networks rather than static financial products."]},{heading:"What DeJoy is building",paragraphs:["DeJoy is not simply a token platform, and it is not an exchange. DeJoy is building infrastructure that converts consumption into long-term capital.","It helps Web2 businesses, creators, e-commerce brands, games, and service platforms transform fragmented consumers into sustainable communities.","Through stablecoin payments, community assets, automated buyback and burn systems, contribution records, community governance, and fair-launch mechanisms, DeJoy creates a sustainable bridge between real-world transactions and digital asset economies."]},{heading:"The next decade",paragraphs:["The internet solved information flow. Mobile payments solved capital flow.","The next major question may be: how can real consumption become long-term capital, and how can real users become the source of sustainable liquidity?","Markets do not lack assets. They lack people who believe in assets long term. The future's most valuable assets may not be artificially created. They may grow organically from real consumption itself."]}]},h={kicker:"洞察",title:"把消费变成长期资本",subtitle:"下一代流动性的真正入口",description:"从真实消费、企业现金流和社区资产出发，重新理解长期流动性、数字资产与实体经济之间的关系。",sections:[{heading:"一、今天真正的问题，不是缺资产，而是缺流动性",paragraphs:["过去几年，看似不同的行业，其实都在面临同一个核心问题：流动性不足。","传统企业，尤其是尚未上市的成长型公司与中小企业，明明拥有产品、订单、用户与真实收入，但融资却越来越困难。","银行更加谨慎，一级市场更加关注确定性，企业价值难以及时被定价，也难以被资本市场承接。很多企业不是没有价值，而是缺少让价值持续流动的路径。","Web3 则是另一种困境。这个行业并不缺资产发行能力，甚至已经出现资产过剩。每天都有新的代币、新的叙事、新的项目，但真正稀缺的是持续购买力、长期需求与稳定现金流。","RWA 同样如此。资产上链，并不意味着自动拥有流动性。一个原本缺乏需求、缺乏交易、缺乏买方的资产，不会因为被代币化，就自然变成高流动性资产。"]},{heading:"二、真正长期的流动性，来自消费",paragraphs:["过去很多人认为，流动性来自交易所、做市商、机构资金和金融工具。但这些本质上只是流动性的放大器，而非源头。","真正长期、健康、可持续的流动性，只能来自真实需求、真实收入与真实现金流。","现实世界里最稳定、最高频、最分散的现金流入口，其实是消费。","消费者每天都在用真金白银表达选择：买一件衣服、订阅一个软件、玩一款游戏、支持一个创作者，或购买一次服务。","这些行为背后，本质上都是对某个品牌、产品、团队与商业模式的长期信任。但过去的商业体系里，这种信任停留得太浅。消费者付款，企业交付，交易结束，关系也随之结束。"]},{heading:"三、“消费者即投资者”并不是炒币",paragraphs:["企业每天获得消费者贡献的现金流，却很少能把消费者转化为长期资本伙伴。消费者长期支持一个品牌，却几乎无法参与其未来价值增长。","真实消费与长期资本之间，被原有商业结构切断了。如果这条链路能够重新建立，流动性的来源将发生根本变化。","消费者不再只是一次性买家，而会成为长期社区参与者。消费也不再只是支出，而会逐渐成为身份、权益、贡献记录、社区治理入口与长期价值参与凭证。","企业获得的，也不再只是销售额，而是一群愿意复购、愿意传播、愿意共建生态的人。"]},{heading:"四、真正重要的，不是发资产，而是建立闭环",paragraphs:["核心从来不是发一个 Token，而是建立一个真正长期可持续的闭环：产品 → 消费 → 现金流 → 社区资产 → 用户长期参与 → 更多消费。","例如，一家跨境电商企业拥有数百万美元真实销售额。过去，消费完成后关系结束，企业继续买流量、投广告，用户持续流失。","但如果企业可以将部分真实收入用于社区资产回购、用户权益与长期激励、社区成长与治理，那么消费就不再只是一次性收入，而会逐渐沉淀为长期流动性。"]},{heading:"五、这不仅是 Web3，更是一种新的产业金融基础设施",paragraphs:["这件事不应该被简单理解为

1发币、Web3 炒作或金融投机。它真正的意义，是一种连接消费、融资、数字资产与实体经济的新型基础设施。","对于政府而言，这可能意味着帮助中小企业融资、促进消费、激活地方产业、发展数字经济，并建立长期产业流动性。","传统政策工具更多依赖外部输血。而消费驱动的长期资本则意味着，企业自身的真实交易，也能持续产生流动性。"]},{heading:"六、RWA 最大的问题，不是上链，而是没人长期持有",paragraphs:["RWA 的真正问题从来不是能不能代币化，而是谁来买、谁来长期持有、谁来持续交易。","如果资产只是被金融机构拆分后放到市场等待交易，它依旧缺乏流动性。","但如果资产与文旅消费、电商会员、内容订阅、游戏道具、服务权益、线下商业收入形成绑定关系，那么它就不再只是金融产品，而会成为嵌入真实经济活动中的长期权益。"]},{heading:"七、DeJoy 想解决的问题",paragraphs:["DeJoy 不是交易所，也不是简单的发币工具。它真正的定位是消费到长期资本的转换基础è

1®¾æ–½ã€‚","DeJoy 帮助 Web2 企业、跨境电商、内容平台、游戏项目、工具与服务型产品，把原本分散的一次性消费者组织成长期社区。","再通过稳定币支付、社区资产、自动回购销毁、消费贡献记录、社区治理与公平发行机制，让真实消费与数字资产之间形成可持续连接。"]},{heading:"八、未来最重要的问题",paragraphs:["过去二十年，互联网解决了信息流动。过去十年，移动支付解决了资金流动。","未来十年，真正值得探索的问题可能是：真实消费如何转化为长期资本？真实用户如何成为市场流动性的源头？","市场从不缺资产。真正稀缺的是长期相信资产的人。"]}]},d={...h,kicker:"洞察",title:"把消費變成長期資本",subtitle:"下一代流動性的真正入口",description:"從真實消費、企業現金流與社群資產出發，重新理解長期流動性、數位資產與實體經濟之間的關係。",sections:h.sections.map(a=>({heading:a.heading.replaceAll("消费","消費").replaceAll("流动性","流動性").replaceAll("资产","資產").replaceAll("长期","長期").replaceAll("上链","上鏈"),paragraphs:a.paragraphs.map(a=>a.replaceAll("消费","消費").replaceAll("流动性","流動性").replaceAll("资产","資產").replaceAll("长期","長期").replaceAll("企业","企業").replaceAll("真实","真實").replaceAll("价值","價值").replaceAll("数字","數位").replaceAll("社区","社群").replaceAll("联系","聯繫").replaceAll("组织","組織").replaceAll("经济","經濟").replaceAll("ä¹°","è²·").replaceAll("货币","貨幣").replaceAll("发行","發行").replaceAll("机制","機制").replaceAll("数据","資料").replaceAll("用户","用戶").replaceAll("游戏","遊戲").replaceAll("软件","軟體"))}))},m={[c.Nx.EN]:["Product","Consumption","Cash flow","Community assets","Long-term participation","More consumption"],[c.Nx.ZH_CN]:["产品","消费","现金流","社区资产","用户长期参与","更多消费"],[c.Nx.ZH_HK]:["產品","消費","現金流","社群資產","用戶長期參與","更多消費"],[c.Nx.JA]:["プロダクト","消費","キャッシュフロー","コミュニティ資産","長期参加","さらなる消費"],[c.Nx.KO]:["제품","소비","현금흐름","커뮤니티 자산","장기 참여","더 많은 소비"],[c.Nx.ES]:["Producto","Consumo","Flujo de caja","Activos comunitarios","Participaci\xf3n a largo plazo","M\xe1s consumo"],[c.Nx.FR]:["Produit","Consommation","Cash-flow","Actifs communautaires","Participation de long terme","Davantage de consommation"],[c.Nx.MS]:["Produk","Penggunaan","Aliran tunai","Aset komuniti","Penyertaan jangka panjang","Lebih banyak penggunaan"],[c.Nx.VI]:["Sản phẩm","Ti\xeau d\xf9ng","D\xf2ng tiền","T\xe0i sản cộng đồng","Tham gia d\xe0i hạn","Ti\xeau d\xf9ng nhiều hÆ¡n"],[c.Nx.ID]:["Produk","Konsumsi","Arus kas","Aset komunitas","Partisipasi jangka panjang","Lebih banyak konsumsi"],[c.Nx.TH]:["ผลิตภัณฑ์","การบริโภค","กระแสเงินสด","สินทรัพย์ชุมชน","การมีส่วนร่วมระยะยาว","การบริโภคเพิ่มขึ้น"],[c.Nx.AR]:["منتج","استهلاك","تدفق نقدي","أصول مجتمعية","مشاركة طويلة الأجل","مزيد من الاستهلاك"]},k=[[{type:"paragraph",text:"Over the past few years, many industries have appeared to face different challenges. But underneath them all lies the same core issue:"},{type:"quote",text:"A shortage of sustainable liquidity."},{type:"paragraph",text:"Traditional businesses, especially growth-stage companies and SMEs, often have real products, real users, and real revenue, yet still struggle to access capital markets."},{type:"paragraph",text:"Meanwhile, Web3 faces the opposite problem:"},{type:"quote",text:"Too many assets, but not enough real demand."},{type:"paragraph",text:"New tokens and narratives emerge every day, yet most lack sustainable business activity, recurring revenue, and real consumer behavior behind them."},{type:"paragraph",text:"Even RWA follows the same logic. Tokenizing an asset does not automatically create liquidity. An illiquid asset does not become liquid simply because it moves on-chain."}],[{type:"paragraph",text:"Markets have long believed liquidity comes from:"},{type:"list",items:["Exchanges","Market makers","Institutions","Financial engineering"]},{type:"paragraph",text:"But these are amplifiers, not origins. True long-term liquidity comes from:"},{type:"list",items:["Real demand","Real revenue","Real cash flow"]},{type:"emphasis",text:"Consumption.",supportingText:"The largest and most consistent source of cash flow in the real economy is consumption."},{type:"paragraph",text:"Every day, consumers express trust through spending:"},{type:"list",items:["Buying products","Subscribing to software","Playing games","Supporting creators","Paying for services"]},{type:"paragraph",text:"These are not just transactions. They are signals of belief in a brand, product, team, or ecosystem."},{type:"quote",text:"Consumers pay, businesses deliver, and the relationship ends."}],[{type:"paragraph",text:"What if consumption could become more than a one-time transaction? What if users could become long-term participants in the ecosystems they already support?"},{type:"emphasis",text:'"Consumers as Investors"',supportingText:"Not speculative investing. Not encouraging retail users to gamble on assets. Not replacing regulation with hype."},{type:"paragraph",text:"Instead, real business activity becomes the foundation of sustainable digital assets."},{type:"list",items:["Products come first","Revenue comes first","Users come first"]},{type:"paragraph",text:"Then transparent, auditable mechanisms can convert part of that economic activity into long-term community value."}],[{type:"paragraph",text:"The key is not issuing tokens. The key is building a sustainable loop:"},{type:"flow",items:m[c.Nx.EN]},{type:"paragraph",text:"Once this loop exists, business financing fundamentally changes. Companies no longer rely entirely on external 

1capital and paid advertising."},{type:"paragraph",text:"Consumers become:"},{type:"list",items:["Participants","Advocates","Contributors","Long-term stakeholders"]},{type:"quote",text:"Liquidity can emerge directly from real economic activity itself."}],[{type:"paragraph",text:"This should not be viewed simply as crypto or token issuance. It represents a new form of economic infrastructure connecting:"},{type:"list",items:["Consumption","Financing","Digital assets","Real-world businesses"]},{type:"paragraph",text:"For governments, this creates new possibilities:"},{type:"list",items:["Supporting SMEs","Stimulating consumption","Activating local industries","Expanding digital economies","Building sustainable liquidity systems"]},{type:"paragraph",text:"Unlike subsidies or temporary stimulus programs, consumption happens every day. The challenge is organizing consumer cash flow into long-term value networks."}],[{type:"paragraph",text:"The biggest challenge of RWA is not tokenization. It is:"},{type:"list",items:["Who buys?","Who holds long term?","Who keeps liquidity alive?"]},{type:"quote",text:"Without real usage and consumer participation, tokenized assets remain financial abstractions."},{type:"paragraph",text:"But when assets become connected to:"},{type:"list",items:["Commerce","Membership systems","Gaming economies","Content subscriptions","Service ecosystems","Real-world consumer spending"]},{type:"paragraph",text:"They evolve into living economic networks rather than static financial products."}],[{type:"paragraph",text:"DeJoy is not simply a token platform, and it is not an exchange."},{type:"emphasis",text:"Infrastructure that converts consumption into long-term capital.",supportingText:"It helps Web2 businesses, creators, e-commerce brands, games, and service platforms transform fragmented consumers into sustainable communities."},{type:"paragraph",text:"Through:"},{type:"list",items:["Stablecoin payments","Community assets","Automated buyback and burn systems","Contribution records","Community governance","Fair-launch mechanisms"]},{type:"paragraph",text:"DeJoy creates a sustainable bridge between real-world transactions and digital asset economies."}],[{type:"paragraph",text:"The internet solved information flow. Mobile payments solved capital flow."},{type:"paragraph",text:"The next major question may be:"},{type:"emphasis",text:"How can real consumption become long-term capital?",supportingText:"How can real users become the source of sustainable liquidity?"},{type:"paragraph",text:"Markets do not lack assets. They lack people who believe in assets long term."},{type:"quote",text:"The future's most valuable assets may not be artificially created. They may grow organically from real consumption itself."}]],y=[[{type:"paragraph",text:"过去几年，看似不同的行业，其实都在面临同一个核心问题："},{type:"quote",text:"流动性不足。"},{type:"paragraph",text:"传统企业，尤其是尚未上市的成长型公司与中小企业，明明拥有产品、订单、用户与真实收入，但融资却越来越困难。"},{type:"paragraph",text:"银行更加谨慎，一级市场更加关注确定性，企业价值难以及时被定价，也难以被资本市场承接。"},{type:"paragraph",text:"Web3 则是另一种困境。"},{type:"quote",text:"这个行业并不缺资产发行能力，真正稀缺的是持续购买力、长期需求与稳定现金流。"},{type:"paragraph",text:"RWA 同样如此。资产上链，并不意味着自动拥有流动性。一个原本缺乏需求、缺乏交易、缺乏买方的资产，不会因为被代币化，就自然变成高流动性资产。"}],[{type:"paragraph",text:"过去很多人认为，流动性来自："},{type:"list",items:["交易所","做市商","机构资金","金融工具"]},{type:"paragraph",text:"但这些本质上只是流动性的放大器，而非源头。真正长期、健康、可持续的流动性，只能来自："},{type:"list",items:["真实需求","真实收入","真实现金流"]},{type:"emphasis",text:"消费。",supportingText:"现实世界里最ç¨

1³å®šã€æœ€é«˜é¢‘、最分散的现金流入口，其实是消费。"},{type:"paragraph",text:"消费者每天都在用真金白银表达选择："},{type:"list",items:["买一件衣服","订阅一个软件","玩一款游戏","支持一个创作者","购买一次服务"]},{type:"paragraph",text:"这些行为背后，本质上都是对某个品牌、产品、团队与商业模式的长期信任。"},{type:"quote",text:"消费者付款，企业交付，交易结束，关系也随之结束。"}],[{type:"paragraph",text:"企业每天获得消费者贡献的现金流，却很少能把消费者转化为长期资本伙伴。消费者长期支持一个品牌，却几乎无法参与其未来价值增长。"},{type:"paragraph",text:"真实消费与长期资本之间，被原有商业结构切断了。"},{type:"emphasis",text:"“消费者即投资者”",supportingText:"不是炒币，不是鼓励散户赌博式买资产，也不是用叙事替代监管。"},{type:"paragraph",text:"消费者不再只是一次性买家，而会成为长期社区参与者。消费也不再只是支出，而会逐渐成为："},{type:"list",items:["身份","权益","贡献记录","社区治理入口","长期价值参与凭证"]},{type:"quote",text:"真实消费重新连接长期资本，流动性的来源才会发生根本变化。"}],[{type:"paragraph",text:"核心从来不是发一个 Token，而是建立一个真正长期可持续的闭环："},{type:"flow",items:m[c.Nx.ZH_CN]},{type:"paragraph",text:"例如，一家跨境电商企业拥有数百万美元真实销售额。过去，消费完成后关系结束，企业继续买流量、投广告，用户持续流失。"},{type:"paragraph",text:"但如果企业可以将部分真实收入用于社区资产回购、用户权益与长期激励、社区成长与治理，那么消费者会变成："},{type:"list",items:["参与者","倡导者","贡献者","长期利益相关者"]},{type:"quote",text:"消费不再只是一次性收入，而会逐渐沉淀为长期流动性。"}],[{type:"paragraph",text:"这件事不应该被简单理解为发币、Web3 炒作或金融投机。它真正的意义，是一种新型基础设施，连接："},{type:"list",items:["消费","融资","数字资产","实体经济"]},{type:"paragraph",text:"对于政府而言，这可能意味着："},{type:"list",items:["帮助中小企业融资","促进消费","激活地方产业","发展数字经济","建立长期产业流动性"]},{type:"paragraph",text:"传统政策工具更多依赖外部输血。而消费驱动的长期资本则意味着，企业自身的真实交易，也能持续产生流动性。"}],[{type:"paragraph",text:"RWA 的真正问题从来不是能不能代币化，而是："},{type:"list",items:["谁来买","谁来长期持有","谁来持续交易"]},{type:"quote",text:"如果资产只是被金融机构拆分后放到市场等待交易，它依旧缺乏流动性。"},{type:"paragraph",text:"但如果资产与真实消费场景绑定，例如："},{type:"list",items:["文旅消费","电商会员","内容订阅","游戏道具","服务权益","线下商业收入"]},{type:"paragraph",text:"那么它就不再只是金融产品，而会成为嵌入真实经济活动中的长期权益。"}],[{type:"paragraph",text:"DeJoy 不是交易所，也不是简单的发币工具。"}

1,{type:"emphasis",text:"消费到长期资本的转换基础设施。",supportingText:"DeJoy 帮助 Web2 企业、跨境电商、内容平台、游戏项目、工具与服务型产品，把原本分散的一次性消费者组织成长期社区。"},{type:"paragraph",text:"再通过："},{type:"list",items:["稳定币支付","社区资产","自动回购销毁","消费贡献记录","社区治理","公平发行机制"]},{type:"paragraph",text:"让真实消费与数字资产之间形成可持续连接。"}],[{type:"paragraph",text:"过去二十年，互联网解决了信息流动。过去十年，移动支付解决了资金流动。"},{type:"paragraph",text:"未来十年，真正值得探索的问题可能是："},{type:"emphasis",text:"真实消费如何转化为长期资本？",supportingText:"真实用户如何成为市场流动性的源头？"},{type:"paragraph",text:"市场从不缺资产。真正稀缺的是长期相信资产的人。"},{type:"quote",text:"未来真正有价值的资产，可能不是被凭空制造出来的，而是从真实消费中自然生长出来的。"}]];function b(a){return a.replaceAll("消费","消費").replaceAll("流动性","流動性").replaceAll("资产","資產").replaceAll("长期","長期").replaceAll("真实","真實").replaceAll("企业","企業").replaceAll("价值","價值").replaceAll("数字","數位").replaceAll("社区","社群").replaceAll("用户","用戶").replaceAll("发行","發行").replaceAll("机制","機制").replaceAll("贡献","貢獻").replaceAll("治理","治理").replaceAll("ä¹°","è²·").replaceAll("软件","軟體").replaceAll("游戏","遊戲").replaceAll("关系","關係").replaceAll("连接","連接").replaceAll("组织","組織").replaceAll("经济","經濟").replaceAll("线下","線下").replaceAll("支付","支付").replaceAll("稳定币","穩定幣").replaceAll("回购","回購").replaceAll("销毁","銷毀")}function v(a){return"list"===a.type||"flow"===a.type?{...a,items:a.items.map(b)}:"emphasis"===a.type?{...a,text:b(a.text),supportingText:a.supportingText?b(a.supportingText):void 0}:"divider"===a.type?a:{...a,text:b(a.text)}}function f(a){return{type:"paragraph",text:a}}let x={[c.Nx.EN]:g,[c.Nx.ZH_CN]:h,[c.Nx.ZH_HK]:d,[c.Nx.JA]:{kicker:"インサイト",title:"消費を長期資本へ変える",subtitle:"次世代流動性の本当の入口",description:"実際の消費、企業のキャッシュフロー、コミュニティ資産を起点に、持続的な流動性とデジタル資産を再定義する視点です。",sections:[{heading:"本当の課題は資産不足ではなく流動性不足",paragraphs:["ここ数年、多くの業界は異なる課題を抱えているように見えます。しかし根底には同じ問題があります。持続可能な流動性の不足です。","成長企業や中小企業は、実際の商品、ユーザー、売上を持っていても、資本市場へのアクセスが難しくなっています。","一方 Web3 では、資産は多すぎるほど存在しますが、本物の需要が不足しています。新しいトークンや物語は毎日生まれますが、継続的な事業活動、反復収益、実際の消費行動を伴わないものが多くあります。","RWA も同じです。資産をトークン化しても、自動的に流動性が生まれるわけではありません。"]},{heading:"流動性の本当の源泉は消費",paragraphs:["市場では、流動性は取引所、マーケットメーカー、機関投資家、金融工学から生まれると考えられてきました。","しかしそれらは増幅装置であり、源泉ではありません。長期的な流動性は、実需、実収益、実キャッシュフローから生まれます。","実体経済で最も安定し、頻度が高く、分散したキャッシュフローの入口は消費です。","消費者は商品を買い、ソフトウェアを購読し、ゲームを遊び、クリエイターを支援し、サービスに支払います。これらは単なる取引ではなく、ブランドやプロダクト、チーム、エコシステムへの信頼のシグナルです。"]},{heading:"消費者を長期ステークホルダーへ",paragraphs:["もしæ

1¶ˆè²»ãŒä¸€å›žé™ã‚Šã®å–引を超え、ユーザーがすでに支持しているエコシステムの長期参加者になれるとしたらどうでしょうか。","これが「消費者が投資家になる」という考え方の本質です。投機を促すものでも、個人にギャンブルをさせるものでもありません。","実際の事業活動を持続可能なデジタル資産の基盤にし、透明で監査可能な仕組みによって、その経済活動の一部を長期的なコミュニティ価値へ変換することです。"]},{heading:"すべてを変える閉じたループ",paragraphs:["重要なのはトークンを発行することではありません。重要なのは、プロダクト、消費、キャッシュフロー、コミュニティ資産、長期参加、さらなる消費という持続可能なループを作ることです。","このループが存在すれば、企業金融は根本的に変わります。企業は外部資本と広告費だけに依存しなくなります。","消費者は参加者、支持者、貢献者、長期ステークホルダーになります。流動性は投機的な資金流入だけではなく、実際の経済活動から直接生まれます。"]},{heading:"Web3 を超えた意味",paragraphs:["これは単なる暗号資産やトークン発行ではありません。消費、資金調達、デジタル資産、実体ビジネスをつなぐ新しい経済インフラです。","政府にとっては、中小企業支援、消費促進、地域産業の活性化、デジタル経済の拡大、持続的な流動性システム構築につながります。"]},{heading:"RWA の本当の課題",paragraphs:["RWA の最大の課題はトークン化できるかどうかではなく、誰が買い、誰が長期保有し、誰が流動性を維持するのかです。","実利用と消費者参加がなければ、トークン化された資産は金融上の抽象物にとどまります。","しかし商取引、会員制度、ゲーム経済、コンテンツ購読、サービスエコシステム、現実の消費支出と結びつくと、資産は静的な金融商品ではなく、生きた経済ネットワークになります。"]},{heading:"DeJoy が構築しているもの",paragraphs:["DeJoy は単なるトークンプラットフォームでも取引所でもありません。DeJoy は消費を長期資本へ変換するインフラを構築しています。","Web2 企業、クリエイター、E コマースブランド、ゲーム、サービスプラットフォームが、分散した消費者を持続可能なコミュニティへ変えることを支援します。","ステーブルコイン決済、コミュニティ資産、自動買い戻しとバーン、貢献記録、コミュニティガバナンス、公平なローンチメカニズムによって、現実の取引とデジタル資産経済をつなぎます。"]},{heading:"次の 10 å¹´",paragraphs:["インターネットは情報の流れを解決し、モバイル決済は資金の流れを解決しました。","次の大きな問いは、実際の消費をどのように長期資本へ変え、実ユーザーを持続的な流動性の源泉にするかです。","市場に資産は不足していません。不足しているのは、資産を長期的に信じる人々です。"]}]},[c.Nx.KO]:{kicker:"인사이트",title:"소비를 장기 자본으로 전환하기",subtitle:"다음 세대 유동성의 진짜 입구",description:"실제 소비, 기업 현금흐름, 커뮤니티 자산을 기반으로 지속 가능한 유동성과 디지털 자산을 다시 바라보는 관점입니다.",sections:[{heading:"진짜 문제는 자산 부족이 아니라 유동성 부족",paragraphs:["지난 몇 년 동안 여러 산업은 서로 다른 문제를 겪는 것처럼 보였습니다. 그러나 ê·¸ 아래에는 같은 핵심 문제가 있습니다. 지속 가능한 유동성의 부족입니다.","성장 단계 기업과 중소기업은 실제 제품, 사용자, 매출을 보유하고 있어도 자본시장 접근에 어려움을 겪습니다.","반대로 Web3 는 자산이 너무 많지만 실제 수요가 부족합니다. 새로운 토큰과 내러티브는 매일 등장하지만, 지속 가능한 사업 활동과 반복 매출, 실제 소비 행동이 뒷받침되지 않는 경우가 많습니다.","RWA 도 같은 논리입니다. 자산을 토큰화한다고 해서 자동으로 유동성이 생기지는 않습니다."]}

1,{heading:"유동성의 진짜 원천은 소비",paragraphs:["시장은 오랫동안 유동성이 거래소, 마켓메이커, 기관 자금, 금융공학에서 나온다고 믿어 왔습니다.","하지만 이것들은 증폭 장치일 뿐 원천은 아닙니다. 장기적인 유동성은 실제 수요, 실제 매출, 실제 현금흐름에서 나옵니다.","실물경제에서 가장 안정적이고 빈번하며 분산된 현금흐름의 입구는 소비입니다.","소비자는 제품 구매, 소프트웨어 구독, 게임 플레이, 창작자 후원, 서비스 결제를 통해 신뢰를 표현합니다. 이는 단순한 거래가 아니라 브랜드, 제품, 팀, 생태계에 대한 믿음의 신호입니다."]},{heading:"소비자를 장기 이해관계자로",paragraphs:["소비가 일회성 거래를 넘어설 수 있다면 어떨까요? 사용자가 이미 지지하는 생태계의 장기 참여자가 될 수 있다면 어떨까요?","이것이 소비자를 투자자로 바라보는 진짜 의미입니다. 투기를 조장하거나 개인 사용자가 자산에 도박하도록 만드는 것이 아닙니다.","실제 사업 활동을 지속 가능한 디지털 자산의 기반으로 삼고, 투명하고 감사 가능한 메커니즘으로 ê·¸ 경제 활동의 일부를 장기 커뮤니티 가치로 전환하는 것입니다."]},{heading:"모든 것을 바꾸는 폐쇄 루프",paragraphs:["핵심은 토큰 발행이 아닙니다. 핵심은 제품, 소비, 현금흐름, 커뮤니티 자산, 장기 참여, 더 많은 소비로 이어지는 지속 가능한 루프를 만드는 것입니다.","이 루프가 존재하면 기업 금융은 근본적으로 달라집니다. 기업은 외부 자본과 유료 광고에만 의존하지 않게 됩니다.","소비자는 참여자, 지지자, 기여자, 장기 이해관계자가 됩니다. 유동성은 투기적 자금 ì

1œ ìž…만이 아니라 실제 경제 활동에서 직접 발생할 수 있습니다."]},{heading:"Web3 를 넘어서는 의미",paragraphs:["이것은 단순한 암호화폐나 토큰 발행이 아닙니다. 소비, 금융, 디지털 자산, 실제 비즈니스를 연결하는 새로운 경제 인프라입니다.","정부 입장에서는 중소기업 지원, 소비 촉진, 지역 산업 활성화, 디지털 경제 확장, 지속 가능한 유동성 시스템 구축의 가능성을 제공합니다."]},{heading:"RWA 의 진짜 과제",paragraphs:["RWA 의 가장 큰 과제는 토큰화 가능 여부가 아니라 누가 사고, 누가 장기 보유하며, 누가 유동성을 계속 유지하느냐입니다.","실제 사용과 소비자 참여가 없다면 토큰화된 자산은 금융적 추상물에 머뭅니다.","하지만 상거래, 멤버십, 게임 경제, 콘텐츠 구독, 서비스 생태계, 실제 소비 지출과 연결되면 자산은 정적인 금융 상품이 아니라 살아 있는 경제 네트워크가 됩니다."]},{heading:"DeJoy 가 구축하는 것",paragraphs:["DeJoy 는 단순한 토큰 플랫폼도 거래소도 아닙니다. DeJoy 는 소비를 장기 자본으로 전환하는 인프라를 구축하고 있습니다.","Web2 기업, 창작자, 이커머스 브랜드, 게임, 서비스 플랫폼이 흩어진 소비자를 지속 가능한 커뮤니티로 전환하도록 돕습니다.","스테이블코인 결제, 커뮤니티 자산, 자동 바이백 및 소각, 기여 기록, 커뮤니티 거버넌스, 공정 발행 메커니즘을 통해 실제 거래와 디지털 자산 경제를 연결합니다."]}

1,{heading:"다음 10년",paragraphs:["인터넷은 정보의 흐름을 해결했고, 모바일 결제는 자금의 흐름을 해결했습니다.","다음 질문은 실제 소비를 어떻게 장기 자본으로 만들고, 실제 사용자를 지속 가능한 유동성의 원천으로 만들 것인가입니다.","시장에 자산은 부족하지 않습니다. 부족한 것은 자산을 장기적으로 믿는 사람들입니다."]}]},[c.Nx.AR]:{kicker:"الرؤى",title:"تحويل الاستهلاك إلى رأس مال طويل الأجل",subtitle:"المصدر الحقيقي التالي للسيولة",description:"رؤية حول كيفية تحول إنفاق المستهلكين الحقيقي إلى أساس للسيولة المستدامة والأصول الرقمية وقيمة المجتمع طويلة الأجل.",sections:[{heading:"المشكلة الحقيقية ليست نقص الأصول بل نقص السيولة",paragraphs:["خلال السنوات الماضية بدت قطاعات كثيرة وكأنها تواجه تحديات مختلفة، لكن جوهر المشكلة واحد: نقص السيولة المستدامة.","الشركات التقليدية، خصوصا شركات النمو والشركات الصغيرة والمتوسطة، قد تمتلك منتجات ومستخدمين وإيرادات حقيقية، لكنها لا تزال تجد صعوبة في الوصول إلى أسواق رأس المال.","أما Web3 فيواجه المشكلة المعاكسة: أصول كثيرة جدا وطلب حقيقي غير كاف. تظهر رموز وسرديات جديدة كل يوم، لكن كثيرا منها يفتقر إلى نشاط تجاري مستدام وإيرادات متكررة وسلوك استهلاكي حقيقي.","وينطبق الأمر نفسه على RWA. تحويل الأصل إلى رمز لا يخلق السيولة تلقائيا."]},{heading:"المصدر الحقيقي للسيولة هو الاستهلاك",paragraphs:["اعتقدت الأسواق طويلا أن السيولة تأتي من البورصات وصناع السوق والمؤسسات والهندسة المالية.","لكن هذه أدوات تضخيم وليست مصادر. السيولة طويلة الأجل تأتي من الطلب الحقيقي والإيرادات الحقيقية والتدفقات النقدية الحقيقية.","في الاقتصاد الحقيقي، أكبر مصدر مستقر ومتكرر وموزع للتدفقات النقدية هو الاستهلاك.","كل يوم يعبر المستهلكون عن الثقة عبر شراء المنتجات، الاشتراك في البرمجيات، لعب الألعاب، دعم المبدعين ودفع ثمن الخدمات. هذه ليست معاملات فقط، بل إشارات ثقة في علامة أو منتج أو فريق أو منظومة."]},{heading:"المستهلكون كأصحاب مصلحة على المدى الطويل",paragraphs:["ماذا لو أصبح الاستهلاك أكثر من معاملة لمرة واحدة؟ وماذا لو أصبح المستخدمون مشاركين طويلين الأجل في المنظومات التي يدعمونها بالفعل؟","هذا هو المعنى الحقيقي لفكرة المستهلكين كمستثمرين. ليس المقصود المضاربة أو دفع المستخدمين الأفراد للمقامرة على الأصول.","بل المقصود أن يصبح النشاط التجاري الحقيقي أساسا لأصول رقمية مستدامة، عبر آليات شفافة وقابلة للتدقيق تحول جزءا من النشاط الاقتصادي إلى قيمة مجتمعية طويلة الأجل."]},{heading:"الحلقة المغلقة التي تغير كل شيء",paragraphs:["المفتاح ليس إصدار الرموز، بل بناء حلقة مستدامة: منتج، استهلاك، تدفق نقدي، أصول مجتمعية، مشاركة طويلة الأجل، ثم مزيد من الاستهلاك.","عندما توجد هذه الحلقة، يتغير تمويل الشركات جذريا. لا تعود الشركات معتمدة بالكامل على رأس المال الخارجي والإعلانات المدفوعة.","يصبح المستهلكون مشاركين وداعمين ومساهمين وأصحاب مصلحة. ويمكن للسيولة أن تنشأ مباشرة من النشاط الاقتصادي الحقيقي."]},{heading:"لماذا يتجاوز هذا Web3",paragraphs:["لا ينبغي النظر إلى ذلك باعتباره كريبتو أو إصدار رموز فقط. إنه بنية اقتصادية جديدة تربط الاستهلاك والتمويل والأصول الرقمية والشركات الحقيقية.","بالنسبة للحكومات، يفتح ذلك إمكانات لدعم الشركات الصغيرة والمتوسطة، تحفيز الاستهلاك، تنشيط الصناعات المحلية، توسيع الاقتصادات الرقمية وبناء أنظمة سيولة مستدامة."]},{heading:"التحدي الحقيقي في RWA",paragraphs:["أكبر تحد في RWA ليس الترمزة، بل من يشتري، من يحتفظ على المدى الطويل، ومن يحافظ على السيولة.","من دون استخدام حقيقي ومشاركة المستهلكين، تبقى الأصول المرمزة تجريدات مالية.","لكن عندما ترتبط بالتجارة والعضويات واقتصادات الألعاب والاشتراكات والخدمات والإنفاق الحقيقي، تتحول إلى شبكات اقتصادية حية."]},{heading:"ما الذي تبنيه DeJoy",paragraphs:["DeJoy ليست مجرد منصة رموز وليست بورصة. DeJoy تبني بنية تحتية تحول الاستهلاك إلى رأس مال طويل الأجل.","تساعد شركات Web2 والمبدعين وعلامات التجارة الإلكترونية والألعاب ومنصات الخدمات على تحويل المستهلكين المتفرقين إلى مجتمعات مستدامة.","من خلال مدفوعات stablecoin، أصول المجتمعØ

1Œ أنظمة الشراء والحرق الآلية، سجلات المساهمة، الحوكمة وآليات الإطلاق العادل، تنشئ DeJoy جسرا مستداما بين المعاملات الحقيقية واقتصادات الأصول الرقمية."]},{heading:"العقد القادم",paragraphs:["حل الإنترنت تدفق المعلومات. وحلت المدفوعات عبر الهاتف تدفق رأس المال.","السؤال الكبير التالي هو: كيف يمكن للاستهلاك الحقيقي أن يصبح رأس مال طويل الأجل، وكيف يمكن للمستخدمين الحقيقيين أن يصبحوا مصدر السيولة المستدامة؟","الأسواق لا تفتقر إلى الأصول. إنها تفتقر إلى أشخاص يؤمنون بالأصول على المدى الطويل."]}]},[c.Nx.ES]:{kicker:"Perspectivas",title:"Convertir el consumo en capital a largo plazo",subtitle:"La pr\xf3xima fuente real de liquidez",description:"Una visi\xf3n sobre c\xf3mo el consumo real puede convertirse en la base de liquidez sostenible, activos digitales y valor comunitario a largo plazo.",sections:[{heading:"El problema real no es la falta de activos, sino de liquidez",paragraphs:["En los \xfaltimos a\xf1os, muchas industrias parec\xedan enfrentar retos distintos. En el fondo, todas comparten el mismo problema: falta de liquidez sostenible.","Las empresas tradicionales, especialmente compa\xf1\xedas en crecimiento y pymes, pueden tener productos, usuarios e ingresos reales, pero aun as\xed les cuesta acceder al capital.","Web3 enfrenta el problema opuesto: demasiados activos y poca demanda real. Cada d\xeda aparecen nuevos tokens y narrativas, pero muchos carecen de actividad comercial sostenible, ingresos recurrentes y consumo real.","La misma l\xf3gica se aplica a los RWA. Tokenizar un activo no crea liquidez autom\xe1ticamente."]},{heading:"La verdadera fuente de liquidez es el consumo",paragraphs:["Durante mucho tiempo se crey\xf3 que la liquidez ven\xeda de exchanges, market makers, instituciones e ingenier\xeda financiera.","Pero estos son amplificadores, no or\xedgenes. La liquidez de largo plazo viene de demanda real, ingresos reales y flujo de caja real.","La fuente de flujo de caja m\xe1s estable y distribuida de la econom\xeda real es el consumo.","Cada d\xeda los consumidores expresan confianza al comprar productos, suscribirse a software, jugar, apoyar creadores o pagar servicios. No son solo transacciones; son se\xf1ales de confianza en una marca, producto, equipo o ecosistema."]},{heading:"Consumidores como stakeholders de largo plazo",paragraphs:["\xbfY si el consumo pudiera ser m\xe1s que una transacci\xf3n puntual? \xbfY si los usuarios pudieran convertirse en participantes de largo plazo de los ecosistemas que ya apoyan?","Ese es el verdadero significado de consumidores como inversores. No se trata de especulaci\xf3n ni de empujar a usuarios minoristas a apostar por activos.","Se trata de convertir actividad econ\xf3mica real en la base de activos digitales sostenibles, usando mecanismos transparentes y auditables para transformar parte de esa actividad en valor comunitario."]},{heading:"El circuito cerrado que lo cambia todo",paragraphs:["La clave no es emitir tokens, sino construir un circuito sostenible: producto, consumo, flujo de caja, activos comunitarios, participaci\xf3n a largo plazo y m\xe1s consumo.","Cuando este circuito existe, la financiaci\xf3n empresarial cambia. Las compa\xf1\xedas dejan de depender solo de capital externo y publicidad pagada.","Los consumidores se vuelven participantes, defensores, contribuyentes y stakeholders. La liquidez puede surgir de la propia actividad econ\xf3mica real."]},{heading:"Por qu\xe9 importa m\xe1s all\xe1 de Web3",paragraphs:["Esto no debe verse simplemente como cripto o emisi\xf3n de tokens. Es una nueva infraestructura econ\xf3mica que conecta consumo, financiaci\xf3n, activos digitales y negocios reales.","Para los gobiernos, abre posibilidades como apoyar pymes, estimular el consumo, activar industrias locales, expandir econom\xedas digitales y construir sistemas sostenibles de liquidez."]},{heading:"El verdadero reto de los RWA",paragraphs:["El mayor reto de los RWA no es la tokenizaci\xf3n, sino qui\xe9n compra, qui\xe9n mantiene a largo plazo y qui\xe9n mantiene viva la liquidez.","Sin uso real y participaci\xf3n del consumidor, los activos tokenizados siguen siendo abstracciones financieras.","Cuando se conectan con comercio, membres\xedas, econom\xedas de juego, suscripciones, servicios y gasto real, evolucionan hacia redes econ\xf3micas vivas."]},{heading:"Lo que DeJoy est\xe1 construyendo",paragraphs:["DeJoy no es simplemente una plataforma de tokens ni un exchange. DeJoy construye infraestructura que convierte consumo en capital de largo plazo.","Ayuda a empresas Web2, creadores, marcas de e-commerce, juegos y plataformas de servicios a transformar consumidores fragmentados en comunidades sostenibles.","Mediante pagos con stablecoins, activos comunitarios, buyback y burn autom\xe1tico, registros de contribuci\xf3n, gobernanza y mecanismos de lanzamiento justo, DeJoy conecta transacciones reales con econom\xedas de activos digitales."]},{heading:"La pr\xf3xima d\xe9cada",paragraphs:["Internet resolvi\xf3 el flujo de informaci\xf3n. Los pagos m\xf3viles resolvieron el flujo de capital.","La gran pregunta ahora es c\xf3mo el consumo real puede convertirse en capital de largo plazo y c\xf3mo los usuarios reales pueden ser la fuente de liquidez sostenible.","A los mercados no les faltan activos. Les faltan personas que crean en los activos a largo plazo."]}]},[c.Nx.FR]:{kicker:"Analyses",title:"Transformer la consommation en capital de long terme",subt

1itle:"La prochaine v\xe9ritable source de liquidit\xe9",description:"Une analyse de la mani\xe8re dont la consommation r\xe9elle peut devenir le socle d'une liquidit\xe9 durable, d'actifs num\xe9riques et de valeur communautaire.",sections:[{heading:"Le vrai probl\xe8me n'est pas le manque d'actifs, mais le manque de liquidit\xe9",paragraphs:["Ces derni\xe8res ann\xe9es, de nombreux secteurs semblaient faire face \xe0 des d\xe9fis diff\xe9rents. Pourtant, le probl\xe8me central est le m\xeame : le manque de liquidit\xe9 durable.","Les entreprises traditionnelles, notamment les PME et soci\xe9t\xe9s en croissance, peuvent avoir des produits, des utilisateurs et des revenus r\xe9els, tout en ayant du mal \xe0 acc\xe9der au capital.","Web3 conna\xeet le probl\xe8me inverse : trop d'actifs et pas assez de demande r\xe9elle. De nouveaux tokens et r\xe9cits apparaissent chaque jour, mais beaucoup manquent d'activit\xe9 \xe9conomique durable, de revenus r\xe9currents et de comportements de consommation r\xe9els.","La m\xeame logique vaut pour les RWA. Tokeniser un actif ne cr\xe9e pas automatiquement de liquidit\xe9."]},{heading:"La vraie source de liquidit\xe9 est la consommation",paragraphs:["On a longtemps pens\xe9 que la liquidit\xe9 venait des exchanges, des market makers, des institutions et de l'ing\xe9nierie financi\xe8re.","Mais ce sont des amplificateurs, pas des origines. La liquidit\xe9 de long terme vient de la demande r\xe9elle, des revenus r\xe9els et des flux de tr\xe9sorerie r\xe9els.","Dans l'\xe9conomie r\xe9elle, la source de cash-flow la plus stable et distribu\xe9e est la consommation.","Chaque jour, les consommateurs expriment leur confiance en achetant, en s'abonnant, en jouant, en soutenant des cr\xe9ateurs ou en payant des services. Ce ne sont pas seulement des transactions, mais des signaux de confiance."]},{heading:"Les consommateurs comme parties prenantes de long terme",paragraphs:["Et si la consommation pouvait d\xe9passer la transaction ponctuelle ? Et si les utilisateurs devenaient des participants de long terme aux \xe9cosyst\xe8mes qu'ils soutiennent d\xe9j\xe0 ?","C'est le vrai sens de l'id\xe9e de consommateurs-investisseurs. Il ne s'agit pas de sp\xe9culation ni d'inciter les particuliers \xe0 parier sur des actifs.","Il s'agit de faire de l'activit\xe9 \xe9conomique r\xe9elle la base d'actifs num\xe9riques durables, avec des m\xe9canismes transparents et auditables qui convert

1issent une partie de cette activit\xe9 en valeur communautaire."]},{heading:"La boucle ferm\xe9e qui change tout",paragraphs:["La cl\xe9 n'est pas d'\xe9mettre des tokens, mais de construire une boucle durable : produit, consommation, cash-flow, actifs communautaires, participation de long terme, puis davantage de consommation.","Lorsque cette boucle existe, le financement des entreprises change. Elles ne d\xe9pendent plus uniquement du capital externe et de la publicit\xe9 payante.","Les consommateurs deviennent participants, ambassadeurs, contributeurs et parties prenantes. La liquidit\xe9 peut na\xeetre directement de l'activit\xe9 \xe9conomique r\xe9elle."]},{heading:"Pourquoi cela d\xe9passe Web3",paragraphs:["Il ne faut pas r\xe9duire cela \xe0 la crypto ou \xe0 l'\xe9mission de tokens. C'est une nouvelle infrastructure \xe9conomique reliant consommation, financement, actifs num\xe9riques et entreprises r\xe9elles.","Pour les gouvernements, cela peut soutenir les PME, stimuler la consommation, activer les industries locales, d\xe9velopper les \xe9conomies num\xe9riques et cr\xe9er des syst\xe8mes de liquidit\xe9 durable."]},{heading:"Le v\xe9ritable d\xe9fi des RWA",paragraphs:["Le principal d\xe9fi des RWA n'est pas la tokenisation. C'est de savoir qui ach\xe8te, qui conserve \xe0 long terme et qui maintient la liquidit\xe9.","Sans usage r\xe9el et participation des consommateurs, les actifs tokenis\xe9s restent des abstractions financi\xe8res.","Lorsqu'ils sont reli\xe9s au commerce, aux adh\xe9sions, aux \xe9conomies de jeu, aux abonnements, aux services et aux d\xe9penses r\xe9elles, ils deviennent des r\xe9seaux \xe9conomiques vivants."]},{heading:"Ce que construit DeJoy",paragraphs:["DeJoy n'est pas seulement une plateforme de tokens ni un exchange. DeJoy construit une infrastructure qui transforme la consommation en capital de long terme.","Elle aide les entreprises Web2, cr\xe9ateurs, marques e-commerce, jeux et services \xe0 transformer des consommateurs fragment\xe9s en communaut\xe9s durables.","Gr\xe2ce aux paiements en stablecoins, aux actifs communautaires, au buyback and burn automatis\xe9, aux registres de contribution, \xe0 la gouvernance et aux lancements \xe9quitables, DeJoy relie transactions r\xe9elles et \xe9conomies d'actifs num\xe9riques."]},{heading:"La prochaine d\xe9cennie",paragraphs:["Internet a r\xe9solu le flux d'information. Le paiement mobile a r\xe9solu le flux de capital.","La prochaine question est de savoir comment la consommation r\xe9elle devient du capital de long terme et comment les utilisateurs r\xe9els deviennent la source d'une liquidit\xe9 durable.","Les march\xe9s ne manquent pas d'actifs. Ils manquent de personnes qui croient aux actifs sur le long terme."]}]},[c.Nx.MS]:{kicker:"Wawasan",title:"Menukar Penggunaan kepada Modal Jangka Panjang",subtitle:"Sumber Kecairan Sebenar Generasi Seterusnya",description:"Pandangan tentang bagaimana perbelanjaan pengguna sebenar boleh menjadi asas kecairan mampan, aset digital dan nilai komuniti jangka panjang.",sections:[{heading:"Masalah sebenar bukan kekurangan aset, tetapi kekurangan kecairan",paragraphs:["Dalam bebera

1pa tahun kebelakangan ini, banyak industri kelihatan menghadapi cabaran berbeza. Namun di sebaliknya terdapat isu yang sama: kekurangan kecairan mampan.","Perniagaan tradisional, terutamanya syarikat pertumbuhan dan PKS, mungkin mempunyai produk, pengguna dan pendapatan sebenar, tetapi masih sukar mendapatkan modal.","Web3 pula berdepan masalah bertentangan: terlalu banyak aset tetapi tidak cukup permintaan sebenar. Token dan naratif baharu muncul setiap hari, tetapi banyak yang tidak disokong aktiviti perniagaan, hasil berulang dan penggunaan sebenar.","RWA juga sama. Menjadikan aset sebagai token tidak mencipta kecairan secara automatik."]},{heading:"Sumber sebenar kecairan ialah penggunaan",paragraphs:["Pasaran sering percaya kecairan datang daripada bursa, pembuat pasaran, institusi dan kejuruteraan kewangan.","Namun semua itu hanya penguat, bukan sumber. Kecairan jangka panjang datang daripada permintaan sebenar, hasil sebenar dan aliran tunai sebenar.","Dalam ekonomi nyata, sumber aliran tunai paling stabil dan tersebar ialah penggunaan.","Setiap hari pengguna menunjukkan kepercayaan melalui pembelian produk, langganan perisian, permainan, sokongan kepad

1a pencipta dan bayaran perkhidmatan. Ia bukan sekadar transaksi, tetapi isyarat kepercayaan."]},{heading:"Pengguna sebagai pemegang kepentingan jangka panjang",paragraphs:["Bagaimana jika penggunaan boleh menjadi lebih daripada transaksi sekali sahaja? Bagaimana jika pengguna menjadi peserta jangka panjang dalam ekosistem yang mereka sokong?","Inilah maksud sebenar pengguna sebagai pelabur. Ia bukan spekulasi, bukan menggalakkan pengguna runcit berjudi pada aset.","Sebaliknya, aktiviti perniagaan sebenar menjadi asas aset digital mampan, dengan mekanisme telus dan boleh diaudit yang menukar sebahagian aktiviti ekonomi kepada nilai komuniti jangka panjang."]},{heading:"Gelung tertutup yang mengubah segalanya",paragraphs:["Kuncinya bukan menerbitkan token, tetapi membina gelung mampan: produk, penggunaan, aliran tunai, aset komuniti, penyertaan jangka panjang dan lebih banyak penggunaan.","Apabila gelung ini wujud, pembiayaan perniagaan berubah. Syarikat tidak lagi bergantung sepenuhnya pada modal luar dan iklan berbayar.","Pengguna menjadi peserta, penyokong, penyumbang dan pemegang kepentingan. Kecairan boleh muncul terus daripada aktiviti ekonomi sebenar."]},{heading:"Mengapa ini penting melangkaui Web3",paragraphs:["Ini bukan sekadar crypto atau penerbitan token. Ia ialah infrastruktur ekonomi baharu yang menghubungkan penggunaan, pembiayaan, aset digital dan perniagaan sebenar.","Bagi kerajaan, ia membuka peluang untuk menyokong PKS, merangsang penggunaan, mengaktifkan industri tempatan, memperluas ekonomi digital dan membina sistem kecairan mampan."]},{heading:"Cabaran sebenar RWA",paragraphs:["Cabaran terbesar RWA bukan tokenisasi, tetapi siapa yang membeli, siapa yang memegang jangka panjang, dan siapa yang mengekalkan kecairan.","Tanpa penggunaan sebenar dan penyertaan pengguna, aset bertoken kekal sebagai abstraksi kewangan.","Apabila aset dihubungkan dengan perdagangan, keahlian, ekonomi permainan, langganan kandungan, perkhidmatan dan perbelanjaan sebenar, ia menjadi rangkaian ekonomi hidup."]},{heading:"Apa yang dibina oleh DeJoy",paragraphs:["DeJoy bukan sekadar platform token atau bursa. DeJoy membina infrastruktur yang menukar penggunaan kepada modal jangka panjang.","Ia membantu perniagaan Web2, pencipta, jenama e-dagang, permainan dan platform perkhidmatan menukar pengguna yang terpisah kepada komuniti mampan.","Melalui pembayaran stablecoin, aset komuniti, buyback dan burn automatik, rekod sumbangan, tadbir urus komuniti dan mekanisme fair-launch, DeJoy menghubungkan transaksi dunia sebenar dengan ekonomi aset digital."]},{heading:"Dekad seterusnya",paragraphs:["Internet menyelesaikan aliran maklumat. Pembayaran mudah alih menyelesaikan aliran modal.","Persoalan seterusnya ialah bagaimana penggunaan sebenar boleh menjadi modal jangka panjang, dan bagaimana pengguna sebenar boleh menjadi sumber kecairan mampan.","Pasaran tidak kekurangan aset. Ia kekurangan orang yang percaya kepada aset untuk jangka panjang."]}]},[c.Nx.VI]:{kicker:"Th\xf4ng tin chi tiết",title:"Biến ti\xeau d\xf9ng th\xe0nh vốn d\xe0i hạn",subtitle:"Nguồn thanh khoản thực sự tiếp theo",description:"Một g\xf3c nh\xecn về c\xe1ch chi ti\xeau ti\xeau d\xf9ng thực c\xf3 thể trở th\xe0nh nền tảng cho thanh khoản bền vững, t\xe0i sản số v\xe0 gi\xe1 trị cộng đồng d\xe0i hạn.",sections:[{heading:"Vấn đề thực sự kh\xf4ng phải l\xe0 thiếu t\xe0i sản, m\xe0 l\xe0 thiếu thanh khoản",paragraphs:["Trong v\xe0i năm qua, nhiều ng\xe0nh dường như đối mặt với những th\xe1ch thức kh\xe1c nhau. Nhưng ph\xeda sau tất cả l\xe0 c\xf9ng một vấn đề cốt l\xf5i: thiếu thanh khoản bền vững.","C\xe1c doanh nghiệp truyền thống, đặc biệt l\xe0 c\xf4ng ty đang tăng trưởng v\xe0 doanh nghiệp vừa v\xe0 nhỏ, c\xf3 sản phẩm thật, người d\xf9ng thật v\xe0 doanh thu thật, nhưng vẫn kh\xf3 tiếp cận vốn.","Web3 lại gặp vấn đề ngược lại: qu\xe1 nhiều t\xe0i sản nhưng kh\xf4ng đủ nhu cầu thực. Token v\xe0 c\xe2u chuyện mới xuất hiện mỗi ng\xe0y, nhưng nhiều t\xe0i sản thiếu hoạt động kinh doanh, doanh thu lặp lại v\xe0 h\xe0nh vi ti\xeau d\xf9ng thực.","RWA cũng đi theo logic đ\xf3. Token h\xf3a một t\xe0i sản kh\xf4ng tự động tạo ra thanh khoản."]},{heading:"Nguồn thanh khoản thực sự l\xe0 ti\xeau d\xf9ng",paragraphs:["Thị trường thường cho rằng thanh khoản đến từ s\xe0n giao dịch, nh\xe0 tạo lập thị trường, tổ chức v\xe0 kỹ thuật t\xe0i ch\xednh.","Nhưng đ\xf3 l\xe0 bộ khuếch đại, kh\xf4ng phải nguồn gốc. Thanh khoản d\xe0i hạn đến từ nhu cầu thực, doanh thu thực v\xe0 d\xf2ng tiền thực.","Trong nền kinh tế thực, nguồn d\xf2ng tiền ổn định, thường xuy\xean v\xe0 ph\xe2n t\xe1n nhất ch\xednh l\xe0 ti\xeau d\xf9ng.","Mỗi ng\xe0y, người ti\xeau d\xf9ng thể hiện niềm tin bằng c\xe1ch mua sản phẩm, đăng k\xfd phần mềm, chơi game, ủng hộ nh\xe0 s\xe1ng tạo v\xe0 trả tiền cho dịch vụ. Đ\xf3 kh\xf4ng chỉ l\xe0 g

1iao dịch, m\xe0 l\xe0 t\xedn hiệu niềm tin."]},{heading:"Người ti\xeau d\xf9ng nhÆ° c\xe1c b\xean li\xean quan d\xe0i hạn",paragraphs:["Điều g\xec sẽ xảy ra nếu ti\xeau d\xf9ng kh\xf4ng chỉ l\xe0 một giao dịch một lần? Điều g\xec sẽ xảy ra nếu người d\xf9ng trở th\xe0nh người tham gia d\xe0i hạn trong c\xe1c hệ sinh th\xe1i m\xe0 họ vốn đ\xe3 ủng hộ?","Đ\xe2y l\xe0 \xfd nghÄ©a thá»±c sá»± của người ti\xeau d\xf9ng nhÆ° nh\xe0 đầu tÆ°. N\xf3 kh\xf4ng phải l\xe0 đầu cÆ¡ v\xe0 kh\xf4ng khuyến kh\xedch người d\xf9ng c\xe1 nh\xe2n đ\xe1nh cược v\xe0o t\xe0i sản.","Thay v\xe0o đ\xf3, hoạt động kinh doanh thá»±c trở th\xe0nh nền tảng của t\xe0i sản số bền vững, với cÆ¡ chế minh bạch v\xe0 c\xf3 thể kiểm chứng để chuyển một phần hoạt động kinh tế th\xe0nh gi\xe1 trị cộng đồng d\xe0i hạn."]},{heading:"V\xf2ng kh\xe9p k\xedn thay đổi mọi thứ",paragraphs:["Trọng t\xe2m kh\xf4ng phải l\xe0 ph\xe1t h\xe0nh token, m\xe0 l\xe0 x\xe2y dá»±ng một v\xf2ng lặp bền vững: sản phẩm, ti\xeau d\xf9ng, d\xf2ng tiền, t\xe0i sản cộng đồng, tham gia d\xe0i hạn v\xe0 nhiều ti\xeau d\xf9ng hÆ¡n.","Khi v\xf2ng lặp n\xe0y tồn tại, c\xe1ch doanh nghiệp huy động vốn sẽ thay đổi. C\xf4ng ty kh\xf4ng c\xf2n phải phụ thuộc ho\xe0n to\xe0n v\xe0o vốn b\xean ngo\xe0i v\xe0 quảng c\xe1o trả ph\xed.","Người ti\xeau d\xf9ng trở th\xe0nh người tham gia, người ủng hộ, người đ\xf3ng g\xf3p v\xe0 b\xean li\xean quan d\xe0i hạn. Thanh khoản c\xf3 thể xuất hiện trá»±c tiếp từ hoạt động kinh tế thá»±c."]},{heading:"V\xec sao điều n\xe0y vượt ra ngo\xe0i Web3",paragraphs:["Kh\xf4ng n\xean nh\xecn nhận điều n\xe0y chỉ nhÆ° crypto hay ph\xe1t h\xe0nh token. Đ\xe2y l\xe0 một dạng hạ tầng kinh tế mới kết nối ti\xeau d\xf9ng, t\xe0i ch\xednh, t\xe0i sản số v\xe0 doanh nghiệp thá»±c.","Đối với ch\xednh phủ, n\xf3 mở ra khả năng hỗ trợ doanh nghiệp vừa v\xe0 nhỏ, k\xedch th\xedch ti\xeau d\xf9ng, k\xedch hoạt ng\xe0nh c\xf4ng nghiệp địa phÆ°Æ¡ng, mở rộng kinh tế số v\xe0 x\xe2y dá»±ng hệ thống thanh khoản bền vững.","Kh\xe1c với trợ cấp hoặc chÆ°Æ¡ng tr\xecnh k\xedch th\xedch ngắn hạn, ti\xeau d\xf9ng diễn ra mỗi ng\xe0y. Th\xe1ch thức l\xe0 thị trường thiếu hạ tầng c\xf3 thể tổ chức d\xf2ng tiền ti\xeau d\xf9ng th\xe0nh mạng lưới gi\xe1 trị d\xe0i hạn."]},{heading:"Th\xe1ch thức thá»±c sá»± của RWA",paragraphs:["Th\xe1ch thức lớn nhất của RWA kh\xf4ng phải l\xe0 token h\xf3a, m\xe0 l\xe0 ai mua, ai nắm giữ d\xe0i hạn v\xe0 ai duy tr\xec thanh khoản.","Nếu kh\xf4ng c\xf3 ứng dụng thá»±c v\xe0 sá»± tham gia của người ti\xeau d\xf9ng, t\xe0i sản được token h\xf3a vẫn chỉ l\xe0 một kh\xe1i niệm t\xe0i ch\xednh trừu tượng.","NhÆ°ng khi t\xe0i sản gắn với thÆ°Æ¡ng mại, hệ thống th\xe0nh vi\xean, kinh tế tr\xf2 chÆ¡i, đăng k\xfd nội dung, dịch vụ v\xe0 chi ti\xeau thá»±c, ch\xfang trở th\xe0nh mạng lưới kinh tế sống."]},{heading:"DeJoy đang x\xe2y dá»±ng điều g\xec",paragraphs:["DeJoy kh\xf4ng chỉ l\xe0 một nền tảng token v\xe0 cÅ©ng kh\xf4ng phải l\xe0 s\xe0n giao dịch. DeJoy đang x\xe2y dá»±ng hạ tầng chuyển đổi ti\xeau d\xf9ng th\xe0nh vốn d\xe0i hạn.","DeJoy gi\xfap doanh nghiệp Web2, nh\xe0 s\xe1ng tạo, thÆ°Æ¡ng hiệu thÆ°Æ¡ng mại điện tá»­, game v\xe0 nền tảng dịch vụ biến người ti\xeau d\xf9ng rời rạc th\xe0nh cộng đồng bền vững.","Th\xf4ng qua thanh to\xe1n stablecoin, t\xe0i sản cộng đồng, cÆ¡ chế tá»± động mua lại v\xe0 đốt, hồ sÆ¡ đ\xf3ng g\xf3p, quản trị cộng đồng v\xe0 cÆ¡ chế fair-launch, DeJoy kết nối giao dịch thá»±c với nền kinh tế t\xe0i sản số."]},{heading:"Thập ká»· tiếp theo",paragraphs:["Internet đ\xe3 giải quyết d\xf2ng chảy th\xf4ng tin. Thanh to\xe1n di động đ\xe3 giải quyết d\xf2ng chảy vốn.","C\xe2u hỏi lớn tiếp theo l\xe0: l\xe0m thế n\xe0o để ti\xeau d\xf9ng thá»±c trở th\xe0nh vốn d\xe0i hạn, v\xe0 l\xe0m thế n\xe0o để người d\xf9ng thá»±c trở th\xe0nh nguồn thanh khoản bền vá

1»¯ng?","Thị trường kh\xf4ng thiếu t\xe0i sản. Thị trường thiếu những người tin v\xe0o t\xe0i sản trong d\xe0i hạn."]}]},[c.Nx.ID]:{kicker:"Wawasan",title:"Mengubah Konsumsi menjadi Modal Jangka Panjang",subtitle:"Sumber Likuiditas Nyata Berikutnya",description:"Sebuah perspektif tentang bagaimana belanja konsumen nyata dapat menjadi fondasi likuiditas berkelanjutan, aset digital, dan nilai komunitas jangka panjang.",sections:[{heading:"Masalah sebenarnya bukan kekurangan aset, melainkan kekurangan likuiditas",paragraphs:["Selama beberapa tahun terakhir, banyak industri tampak menghadapi tantangan yang berbeda. Namun di balik semuanya terdapat isu inti yang sama: kurangnya likuiditas berkelanjutan.","Bisnis tradisional, terutama perusahaan tahap pertumbuhan dan UKM, sering memiliki produk nyata, pengguna nyata, dan pendapatan nyata, tetapi tetap sulit mengakses modal.","Web3 menghadapi masalah sebaliknya: terlalu banyak aset, tetapi tidak cukup permintaan nyata. Token dan narasi baru muncul setiap hari, tetapi banyak yang tidak didukung aktivitas bisnis, pendapatan berulang, dan perilaku konsumsi nyata.","RWA juga mengikuti logika yang sama. Melakukan tokenisasi atas aset tidak otomatis menciptakan likuiditas."]},{heading:"Sumber likuiditas yang sebenarnya adalah konsumsi",paragraphs:["Pasar sering percaya bahwa likuiditas berasal dari bursa, market maker, institusi, dan rekayasa keuangan.","Namun semua itu adalah penguat, bukan sumber. Likuiditas jangka panjang berasal dari permintaan nyata, pendapatan nyata, dan arus kas nyata.","Dalam ekonomi riil, sumber arus kas yang paling stabil, sering terjadi, dan tersebar luas adalah konsumsi.","Setiap hari, konsumen menunjukkan kepercayaan melalui pembelian produk, langganan perangkat lunak, bermain game, mendukung kreator, dan membayar layanan. Itu bukan sekadar transaksi, melainkan sinyal kepercayaan."]},{heading:"Konsumen sebagai pemangku kepentingan jangka panjang",paragraphs:["Bagaimana jika konsumsi dapat menjadi lebih dari transaksi satu kali? Bagaimana jika pengguna menjadi peserta jangka panjang dalam ekosistem yang sudah mereka dukung?","Inilah makna sebenarnya dari konsumen sebagai investor. Ini bukan spekulasi dan bukan mendorong pengguna ritel untuk berjudi pada aset.","Sebaliknya, aktivitas bisnis nyata menjadi fondasi aset digital yang berkelanjutan, dengan mekanisme transparan dan dapat diaudit yang mengubah sebagian aktivitas ekonomi menjadi nilai komunitas jangka panjang."]},{heading:"Loop tertutup yang mengubah segalanya",paragraphs:["Kuncinya bukan menerbitkan token, melainkan membangun loop berkelanjutan: produk, konsumsi, arus kas, aset komunitas, partisipasi jangka panjang, dan konsumsi yang lebih besar.","Ketika loop ini ada, pembiayaan bisnis berubah secara mendasar. Perusahaan tidak lagi sepenuhnya bergantung pada modal eksternal dan iklan berbayar.","Konsumen menjadi peserta, pendukung, kontributor, dan pemangku kepentingan jangka panjang. Likuiditas dapat muncul langsung dari aktivitas ekonomi nyata."]},{heading:"Mengapa ini penting melampaui Web3",paragraphs:["Hal ini tidak seharusnya dilihat hanya sebagai crypto atau penerbitan token. Ini adalah bentuk infrastruktur ekonomi baru yang menghubungkan konsumsi, pembiayaan, aset digital, dan bisnis nyata.","Bagi pemerintah, ini membuka peluang untuk mendukung UKM, mendorong konsumsi, mengaktifkan industri lokal, memperluas ekonomi digital, dan membangun sistem likuiditas berkelanjutan.","Berbeda dari subsidi atau program stimulus sementara, konsumsi terjadi setiap hari. Tantangannya adalah pasar belum memiliki infrastruktur yang mampu mengatur arus kas konsumen menjadi jaringan nilai jangka panjang."]},{heading:"Tantangan nyata RWA",paragraphs:["Tantangan terbesar RWA bukan tokenisasi, melainkan siapa yang membeli, siapa yang memegang dalam jangka panjang, dan siapa yang menjaga likuiditas tetap hidup.","Tanpa penggunaan nyata dan partisipasi konsumen, aset yang ditokenisasi tetap menjadi abstraksi keuangan.","Namun ketika aset terhubung dengan perdagangan, sistem keanggotaan, ekonomi game, langganan konten, layanan, dan belanja nyata, aset tersebut berkembang menjadi jaringan ekonomi yang hidup."]},{heading:"Apa yang sedang dibangun DeJoy",paragraphs:["DeJoy bukan sekadar platform token dan bukan bursa. DeJoy sedang membangun infrastruktur yang mengubah konsumsi menjadi modal jangka panjang.","DeJoy membantu bisnis Web2, kreator, merek e-commerce, game, dan platform layanan mengubah konsumen yang terfragmentasi menjadi komunitas berkelanjutan.","Melalui pembayaran stablecoin, aset komunitas, sistem buyback dan burn otomatis, catatan kontribusi, tata kelola komunitas, dan mekanisme fair-launch, DeJoy menghubungkan transaksi dunia nyata dengan ekonomi aset digital."]},{heading:"Dekade berikutnya",paragraphs:["Internet menyelesaikan arus informasi. Pembayaran seluler menyelesaikan arus modal.","Pertanyaan besar berikutnya adalah: bagaimana konsumsi nyata dapat menjadi modal jangka panjang, dan bagaimana pengguna nyata dapat menjadi sumber likuiditas berkelanjutan?","Pasar tidak kekurangan aset. Pasar kekurangan orang yang percaya pada aset dalam jangka panjang."]}]}

1,[c.Nx.TH]:{kicker:"ข้อมูลเชิงลึก",title:"เปลี่ยนการบริโภคให้เป็นทุนระยะยาว",subtitle:"แหล่งสภาพคล่องที่แท้จริงของยุคถัดไป",description:"มุมมองว่าการใช้จ่ายจริงของผู้บริโภคสามารถเป็นรากฐานของสภาพคล่องที่ยั่งยืน สินทรัพย์ดิจิทัล และคุณค่าชุมชนระยะยาวได้อย่างไร",sections:[{heading:"ปัญหาจริงไม่ใช่การขาดสินทรัพย์ แต่คือการขาดสภาพคล่อง",paragraphs:["หลายอุตสาหกรรมดูเหมือนเผชิญปัญหาต่างกัน แต่แก่นของปัญหาเหมือนกัน คือการขาดสภาพคล่องที่ยั่งยืน","ธุรกิจดั้งเดิม โดยเฉพาะบริษัทเติบโตและ SME มีสินค้า ผู้ใช้ และรายได้จริง แต่ยังเข้าถึงตลาดทุนได้ยาก","Web3 กลับมีปัญหาอีกด้าน คือมีสินทรัพย์มากเกินไป แต่ขาดอุปสงค์จริง โทเคนและเรื่องเล่าใหม่เกิดขึ้นทุกวัน แต่จำนวนมากไม่มีธุรกิจ รายได้ประจำ และพฤติกรรมบริโภคจริงรองรับ","RWA ก็เช่นกัน การนำสินทรัพย์ขึ้นเชนหรือทำเป็นโทเคนไม่ได้สร้างสภาพคล่องโดยอัตโนมัติ"]},{heading:"แหล่งสภาพคล่องที่แท้จริงคือการบริโภค",paragraphs:["ตลาดมักเชื่อว่าสภาพคล่องมาจากตลาดซื้อขาย ผู้ดูแลสภาพคล่อง สถาบัน และวิศวกรรมการเงิน","แต่สิ่งเหล่านี้เป็นตัวขยาย ไม่ใช่ต้นทาง สภาพคล่องระยะยาวมาจากอุปสงค์จริง รายได้จริง และกระแสเงินสดจริง","ในเศรษฐกิจจริง แหล่งกระแสเงินสดที่มั่นคง ถี่ และกระจายที่สุดคือการบริโภค","ทุกวันผู้บริโภคแสดงความเชื่อมั่นผ่านการซื้อสินค้า สมัครซอฟต์แวร์ เล่นเกม สนับสนุนครีเอเตอร์ และจ่ายค่าบริการ สิ่งเหล่านี้ไม่ใช่แค่ธุรกรรม แต่เป็นสัญญาณความเชื่อมั่น"]},{heading:"ผู้บริโภคในฐานะผู้มีส่วนได้ส่วนเสียระยะยาว",paragraphs:["ถ้าการบริโภคไม่ใช่แค่ธุรกรรมครั้งเดียว แต่ทำให้ผู้ใช้กลายเป็นผู้เข้าร่วมระยะยาวในระบบนิเวศที่เขาสนับสนุนอยู่แล้ว จะเกิดอะไรขึ้น","นี่คือความหมายที่แท้จริงของผู้บริโภคในฐานะนักลงทุน ไม่ใช่การเà¸

1à¹‡à¸‡à¸à¸³à¹„ร และไม่ใช่การผลักให้ผู้ใช้รายย่อยเดิมพันกับสินทรัพย์","แต่คือการทำให้กิจกรรมธุรกิจจริงเป็นฐานของสินทรัพย์ดิจิทัลที่ยั่งยืน ผ่านกลไกที่โปร่งใสและตรวจสอบได้"]},{heading:"วงจรปิดที่เปลี่ยนทุกอย่าง",paragraphs:["แก่นสำคัญไม่ใช่การออกโทเคน แต่คือการสร้างวงจรที่ยั่งยืน: ผลิตภัณฑ์ การบริโภค กระแสเงินสด สินทรัพย์ชุมชน การมีส่วนร่วมระยะยาว และการบริโภคที่เพิ่มขึ้น","เมื่อวงจรนี้เกิดขึ้น การเงินของธุรกิจจะเปลี่ยนไป บริษัทไม่ต้องพึ่งพาเงินทุนภายนอกและโฆษณาแบบจ่ายเงินทั้งหมด","ผู้บริโภคกลายเป็นผู้เข้าร่วม ผู้สนับสนุน ผู้มีส่วนร่วม และผู้มีส่วนได้ส่วนเสีย สภาพคล่องสามารถเกิดจากกิจกรรมเศรษฐกิจจริงโดยตรง"]},{heading:"เหตุใดเรื่องนี้จึงสำคัญเกินกว่า Web3",paragraphs:["เรื่องนี้ไม่ควรถูกมองเพียงว่าเป็นคริปโตหรือการออกโทเคน แต่เป็นโครงสร้างพื้นฐานทางเศรษฐกิจใหม่ที่เชื่อมการบริโภค การเงิน สินทรัพย์ดิจิทัล และธุรกิจจริง","สำหรับภาครัฐ สิ่งนี้อาจช่วยสนับสนุน SME กระตุ้นการบริโภค เปิดใช้งานอุตสาหกรรมท้องถิ่น ขยายเศรษฐกิจดิจิทัล และสร้างระบบสภาพคล่องที่ยั่งยืน"]},{heading:"ความท้าทายจริงของ RWA",paragraphs:["ความท้าทายใหญ่ของ RWA ไม่ใช่ว่าจะทำเป็นโทเคนได้หรือไม่ แต่คือใครจะซื้อ ใครจะถือระยะยาว และใครจะทำให้สภาพคล่องมีชีวิตต่อไป","หากไม่มีการใช้งานจริงและการมีส่วนร่วมของผู้บริโภค สินทรัพย์ที่ถูกโทเคนไนซ์ก็ยังเป็นเพียงนามธรรมทางการเงิน","แต่เมื่อสินทรัพย์เชื่อมกับการค้า สมาชิก เกม การสมัครคอนเทนต์ บริการ และการใช้จ่ายจริง มันจะกลายเป็นเครือข่ายเศรษฐกิจที่มีชีวิต"]},{heading:"สิ่งที่ DeJoy กำลังสร้าง",paragraphs:["DeJoy ไม่ใช่แค่แพลตฟอร์มโทเคน และไม่ใช่ตลาดซื้อขาย DeJoy กำลังสร้างโครงสร้างพื้นฐานที่เปลี่ยนการบริโภคให้เป็นทุนระยะยาว","DeJoy ช่วยธุรกิจ Web2 ครีเอเตอร์ แบรนด์อีคอมเมิร์ซ เกม และแพลตฟอร์มบริการ เปลี่ยนผู้บริโภคที่กระจัดกระจายให้เป็นชุมชนที่ยั่งยืน","ผ่านการชำระเงินด้วย stablecoin สินทรัพย์ชุมชน ระบบซื้อคืนและเผาอัตโนมัติ บันทึกการมีส่วนร่วม ธรรมาภิบาลชุมชน และกลไก fair-launch DeJoy เชื่อมธุรกรรมจริงกับเศรษฐกิจสินทรัพย์ดิà¸

1ˆà¸´à¸—ัล"]},{heading:"ทศวรรษถัดไป",paragraphs:["อินเทอร์เน็ตแก้ปัญหาการไหลของข้อมูล การชำระเงินมือถือแก้ปัญหาการไหลของเงินทุน","คำถามใหญ่ถัดไปคือ การบริโภคจริงจะกลายเป็นทุนระยะยาวได้อย่างไร และผู้ใช้จริงจะเป็นแหล่งสภาพคล่องที่ยั่งยืนได้อย่างไร","ตลาดไม่ได้ขาดสินทรัพย์ แต่ขาดผู้คนที่เชื่อในสินทรัพย์ระยะยาว"]}]}};var j=n(3853),w=n.n(j);let q=i.useLayoutEffect;function A(a,e){switch(a.type){case"paragraph":return(0,t.jsx)("p",{className:w().sectionParagraph,children:a.text},"paragraph-".concat(e));case"list":return(0,t.jsx)("ul",{className:w().sectionList,children:a.items.map(a=>(0,t.jsx)("li",{children:a},a))},"list-".concat(e));case"quote":return(0,t.jsx)("blockquote",{className:w().sectionQuote,children:a.text},"quote-".concat(e));case"emphasis":return(0,t.jsxs)("div",{className:w().sectionEmphasis,children:[(0,t.jsx)("p",{children:a.text}),a.supportingText?(0,t.jsx)("span",{children:a.supportingText}):null]},"emphasis-".concat(e));case"flow":return(0,t.jsx)("div",{className:w().sectionFlow,"aria-label":a.items.join(" to "),children:a.items.map((a,e)=>(0,t.jsxs)("span",{children:[e>0?(0,t.jsx)("i",{"aria-hidden":"true",children:"→"}):null,(0,t.jsx)("b",{children:a})]},"".concat(a,"-").concat(e)))},"flow-".concat(e));case"divider":return(0,t.jsx)("hr",{className:w().sectionDivider},"divider-".concat(e));default:return null}}function T(a){var e;let{locale:n}=a,u=(0,s.QT)(),h=function(a,e){let n=e===c.Nx.EN?k:e===c.Nx.ZH_CN?y:e===c.Nx.ZH_HK?y.map(a=>a.map(v)):void 0;return{...a,sections:a.sections.map((a,t)=>{var i;return{...a,blocks:null!==(i=null==n?void 0:n[t])&&void 0!==i?i:function(a,e,n){var t,i,s,r,o,l,u,p,g,h,d,k,y;let b=a.paragraphs,v=null!==(t=m[n])&&void 0!==t?t:m[c.Nx.EN];switch(e){case 0:return[f(b[0]),{type:"quote",text:null!==(i=b[1])&&void 0!==i?i:b[0]},...b.slice(2,-1).map(f),{type:"paragraph",text:null!==(s=b[b.length-1])&&void 0!==s?s:b[0]}];case 1:return[f(b[0]),{type:"list",items:b.slice(1,3)},{type:"emphasis",text:null!==(r=b[3])&&void 0!==r?r:b[0]},...b.slice(4,-1).map(f),{type:"quote",text:null!==(o=b[b.length-1])&&void 0!==o?o:b[0]}];case 2:return[f(b[0]),{type:"quote",text:null!==(l=b[1])&&void 0!==l?l:b[0]},{type:"list",items:b.slice(2)}];case 3:return[f(b[0]),{type:"flow",items:v},{type:"list",items:b.slice(1,-1)},{type:"quote",text:null!==(u=b[b.length-1])&&void 0!==u?u:b[0]}];case 4:return[f(b[0]),{type:"list",items:b.slice(1,-1)},{type:"quote",text:null!==(p=b[b.length-1])&&void 0!==p?p:b[0]}];case 5:return[f(b[0]),{type:"quote",text:null!==(g=b[1])&&void 0!==g?g:b[0]},{type:"list",items:b.slice(2)}];case 6:return[f(b[0]),{type:"emphasis",text:null!==(h=b[1])&&void 0!==h?h:b[0]},{type:"list",items:b.slice(2)}];case 7:return[f(b[0]),{type:"emphasis",text:null!==(d=b[1])&&void 0!==d?d:b[0]},{type:"quote",text:null!==(y=null!==(k=b[2])&&void 0!==k?k:b[1])&&void 0!==y?y:b[0]}];default:return b.map(f)}}(a,t,e)}})}}(null!==(e=x[n])&&void 0!==e?e:g,n),d=(0,l.V)(u),b=function(){let[a,e]=(0,i.useState)({scale:1,width:0});q(()=>{let a=()=>{e({scale:window.innerWidth<768?1:Math.min(1,window.innerWidth/1920,Math.max(0,window.innerHeight-72)/1085),width:window.innerWidth})};return a(),window.addEventListener("resize",a),()=>{window.removeEventListener("resize",a)}},[]);let n=a.scale,t=a.width>0?Math.max(0,(a.width-1920*n)/2):0,s=function(a){let e=arguments.length>1&&void 0!==arguments[1]?arguments[1]:0;return"".concat(Number(Math.max(e,a*n).toFixed(3)),"px")};return{"--home-stage-scale":Number(n.toFixed(5)),"--insights-side":"".concat(Number((t+104*n).toFixed(3)),"px"),"--insights-glow-one-top":s(104),"--insights-glow-one-left":"".concat(Number((t+0*n).toFixed(3)),"px"),"--insights-glow-one-size":s(420),"--insights-glow-one-blur"

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