Our Vision

PearDAO’s vision is to provide the infrastructure of a completely decentralized marketplace where people can trade everything freely denominated in decentralized cryptocurrencies. We intend to build truly decentralized ecosystems with no single point of failure and ownership of user data and a centralized decision-making system. DAO governance will dictate what kind of trades are to be conducted and how they are conducted. It will be a marketplace owned by the people.

If you go back far enough, people used to engage in commerce in a peer to peer, decentralized way. People go talk and exchange with another person directly about what they need and trade. As people grew into villages and villages turned into cities, people had to go to a centralized place to find merchants and merchants had to go to a centralized location, a market/mall to sell, which meant they had to pay rent. As the internet becomes popular, the mall gets replaced by the ecommerce monopolies like Amazon, Alibaba, eBay and Shopee. On the other hand we have payment centralization like banks which evolved into the likes of PayPal and Visa, centralized payment companies you have to go through in order to transact in these marketplaces. These centralized payment companies then have the ability to sell user data and extract fees from all transactions.

Just as bitcoin aims to decentralize payment, PEAR aims to do the same to online marketplaces, freeing buyer and seller from the need to exchange in a centralized marketplace through centralized payment method.

Decentralized application (DApp) has experienced an incredible boom in the last few years. However the exchange of value for these decentralized applications (GameFi/DeFi) is only restricted to onchain assets. For most of the users, they still have to rely on a centralized third party in order to convert value from off chain to on chain before they can transact on any DApps.

A pathway through centralized third parties seems inevitable when it comes to on and off chain value conversion. PearDAO, however, is committed to make the process as decentralized as possible, with tools like on chain custody, on chain collateralization, and DAO governing dispute handling systems. Our vision is to become a decentralized peer to peer trading system with a decentralized governance system to enable trading of onchain assets (e.g. crypto, NFT) against any asset of value, including off chain ones (fiat, physical goods).