What is Time
Time has become a universal currency, transferred directly between people or stored in “time capsules” ( wallets ).
It is traded by the second and used in the time ecosystem of applications ranging from hiring workforce with their Time to owning Time NFT special dates like the bitcoin creation date (3 January 2009) or Time games where people use their $Time in virtual games.
Time a new asset class
This new asset acquires intrinsic value from real Time as we know it. The “Time Total Supply” is 86400 seconds added every day from the Time launch on the 26-Jun-2021.
No Time was pre-mined before the launch date, and we have to wait for the day to be released by the miners making it a scarce resource for everyone.
We already have a worldwide consensus around time, by just looking at your clock you know the Total supply of $Time.
TimeconomicsEvery day, when 86400 seconds countdown finishes, the timekeepers (aka miners) release the day in the time clock (aka the time bank).
When the clock shows time ( 1 day, 23 hours, 58 minutes, and 20 seconds for example in the picture), this means there is time available to acquire, when it shows 0 everywhere then you need to wait for the next day.
https://miro.medium.com/max/579/1*GY0rW4Y3R7tdkm1tV-AjrQ.pngThe Timekeepers (miners) on the other hand wait for the reward to be available (after 86400 seconds ), the reward goes for the first miner that sends time to the clock.
https://miro.medium.com/max/700/1*xXOCiTghz2T40gBC5sTMrg.pngthe reward can be after 1 second (if the competition is high) after the day ends or it can be months if no one claims it.
the green days are sent to the clock and the red rewards are what the miners get in Time.
the example below shows that the next reward will happen in 446919 seconds, so when this time finishes, it will start to increase again to be the reward itself.
https://miro.medium.com/max/546/1*xqTMjMsCXRH6dTcmnFbFtw.pngHow to mineTime
Claiming Time only requires gas fees to be paid for the Ethereum transaction and only the fastest miner will get the reward.
You can mine TIME with Metamask upon clicking on “mineTIME”. This can be done via the button “mine time” on the top of the page ( the transaction will only work when 86400 seconds elapses from last claim).
How to get Time
You can get TIME with Metamask upon clicking on “get TIME” or by sending ether to the TimeBank (aka the clock) address ( 0x86d0dc66056b46AEeF3B7eD8FcA746cC77CbfD40 ).
The current TIME rate is 0.02 eth for one day 86400 seconds.
Time gets more expensive to get every new month to keep up with the inflation.
How to mint NFT Time
Claiming a date will require you to spend 1 hour worth of $Time. you will have to first approve the spend of your Time once, then pay the gas fees of the transaction.
https://miro.medium.com/max/700/1*sHkZYNCB5yvrUWQsme3Png.png1- minting a date requires 3600 Time to be spent
2- choose an unclaimed date from the calendar
3- attach an SVG link from
https://www.svgrepo.comexample :
https://www.svgrepo.com/show/380467/whalealert-nft-investiment-sign-animal.svg4- Claim your Date
once claimed it will appear on the Opensea collection here :
https://opensea.io/collection/intimewetrust/How to Trade time
Time can be traded on uniswap , the arbitrage opportunities allow time to flow from the clock to exchanges to be traded.
https://app.uniswap.org/#/swap?outputCurrency=0x909a89f5C898179293cF39422C7F75Be830c7439&inputCurrency=ETHTime application’s ecosystem:
Time will have its own marketplaces for NFT , Jobs , Social Media Ads …
The NFT marketplace will allow users to claim a special date in the past from a calendar, to claim mint the NFT you will need Time in the first place.
the Time jobs marketplace will allow users to apply for jobs and others to recruit, the labor transaction will allow transferring time from the recruiter to the talented workforce. all our team is hired now with Time so a workday can be compensated with 3600 seconds or less
The Time games will allow users to acquire Time to play games like “squid game” where to survive you will need more Time.
The Time wall, a restricted “Tweets per day” where you need to pay a 10 min post to appear on the wall for the day
Time clock wallet: a physical watch that keeps your Time safe and will be used to transact Time easily between people in the real world
All these applications will allow time to be used in the real and virtual world
Time Community
Join us on Telegram :
https://t.me/joinchat/jOLauq9dNVc0NDY0and
https://time.market
