Wonderland time is the first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc.) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below. Wonderland also introduces economic and game-theoretic dynamics into the market through staking and bonding.
Our goal is to build a policy-controlled currency system, native on the AVAX network, in which the behavior of the TIME token! In the long term, we believe this system can be used to optimize for stability and consistency so that TIME can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world!
There are two main strategies for market participants: staking and bonding. Stakers stake their TIME tokens in return for more TIME tokens, while bonders provide LP tokens or MIM tokens in exchange for discounted TIME tokens after a fixed vesting period.
The main benefit for stakers comes from supply growth. The protocol mints new TIME tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.
The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed return at a set point in time; that return is given in TIME tokens and thus the bonder’s profit would depend on TIME price when the bond matures. Taking this into consideration, Bonders benefit from a rising or static price for the TIME token!
Wonderland time is a fork of Olympus on the Avalanche Network. Our team is mostly anonymous, born from the DeFi Community. We aim at becoming a Decentralized Autonomous Organization, and we are actively working towards that goal.
Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!
Stake your TIME
Staking allows you to earn TIME passively via auto-compounding. By staking your TIME with Wonderland, you receive MEMOries (staked TIME) in return at a 1:1 ratio. After that, your MEMOries balance will increase automatically on every epoch (8 hours) based on the current APY.
TIME has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy TIME token.