Wonderland Price (TIME)

What Is Wonderland(TIME)?

Wonderland is the first decentralized cross-chain reserve currency protocol on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc 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 minting.

How Does Wonderland(TIME) Works?

Wonderland is a decentralized autonomous organization controlled by its governance token. To participate in the DAO, users need to buy wMEMO tokens from the open market. These tokens can be used to vote on protocol proposals and direct the future of the project. They can also be staked in a revenue sharing contract to benefit from the treasury performance.

• Purchase wMEMO

To join the DAO, purchase wMEMO on the open market. A wMEMO/MIM trading pair can be found on Sushi.com on the Avalanche Blockchain.

• Revenue Stream

To benefit from the DAO's treasury performance, stake your wMEMO in the revenue share staking contract. wMEMO holders will periodically receive token streams.

• DAO Governance

wMEMO holders can participate in Wonderland DAO governance. Active participants can voice their opinion and vote on capital allocations and Wonderland Improvement Proposals.

How do I Participate in Wonderland?

There are two main strategies for market participants: staking and minting. Stakers stake their TIME tokens in return for more TIME tokens, while minters provide LP tokens or MIM tokens in exchange for discounted TIME tokens after a fixed vesting period.

How can I Benefit from TIME Wonderland Crypto?

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 minters comes from price consistency. Minters commit a capital upfront and are promised a fixed return at a set point in time; that return is given in TIME tokens and thus the minter's profit would depend on TIME price when the minted TIME matures. Taking this into consideration, minters benefit from a rising or static price for the TIME token!

What Are the Main Features of Wonderland(TIME)?

Even though Olympus sparked an abundance of forks that wanted to cash in on its mechanism to acquire protocol-controlled liquidity, Wonderland stands out as one of the first and, therefore, one of the most successful forks of the original protocol.

The basic mechanism utilized by Wonderland is identical to that of Olympus. Each unit of TIME is backed by a treasury consisting of MIM and various liquidity tokens. Were TIME to fall below its backed value, the treasury would buy back and burn TIME to push the price back above its floor. However, there is no upside limit to the price of TIME.

Individuals can choose between two different investment strategies: bonding and staking. Bonding equates to minting new TIME and buying it from the treasury for a discount. After a vesting period of five days, bonders can choose to stake their newly-acquired TIME or sell it on a secondary market. Bonding is an active investment strategy since new TIME is vested linearly over the 15 epochs, with each epoch consisting of eight hours. Bonders can decide after each epoch whether to stake or sell, depending on the price action.

Staking is a passive investment strategy that allows the accrual of TIME via auto-compounding. Each staked unit of TIME automatically increases every epoch (eight hours) based on the current APY. That way, stakers benefit from the expansion of TIME supply and keep their share of TIME constant relative to the total supply. Since the APY offered on staked TIME is close to 90,000%, stakers benefit from maximizing the time they stay staked and expanding their share of the entire supply. Therefore, the price of TIME is only of secondary importance, as the massive APY can outperform a falling price.

Who Are the Founders of Wonderland(TIME)?

Wonderland is a cross-chain fork of Olympus. The team is mostly anonymous, born from the DeFi Community. They aim at becoming a Decentralized Autonomous Organization, and they are actively working towards that goal.

Is Wonderland Audited?

Wonderland is currently unaudited! It is a fork of Olympus DAO on the avalanche Network, audits will occur at a later stage. Stay cautious!

Where Can You Buy Wonderland(TIME)?

Investing in Wonderland can seem complicated, but it is much easier when you buy Wonderland through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Wonderland — both for fiat money and other cryptocurrencies. Some of the most popular Wonderland cryptocurrency exchange are:

• gate.io
• Hotbit
• AscendEX

Please check Wonderland(TIME) token address If you want to buy or sell Wonderland(TIME) on dex exchange. Beware of scams!
Click here to view Wonderland(TIME) price in different crypto exchanges.

Wonderland (TIME) Community

• Twitter: https://twitter.com/wonderland_fi

What is Wonderland (TIME) Contracts address?

• Avalanche C-Chain: 0xb54f16fB19478766A268F172C9480f8da1a7c9C3