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Highlights
- Wonderland (TIME) crypto is a unique protocol that operates on the Avalanche Network.
- The developers aim to achieve price flatness for a representative basket of goods without the use of fiat currency.
- At the time of writing (BST 2:00 pm), the TIME crypto was trading at US $8,578.19 with a 24-hour trading volume of US$140,457,857.
Wonderland (TIME) crypto is a unique protocol that operates on the Avalanche Network. As a decentralised reserve currency protocol, it consists of a basket of assets such as MIM (Magic Internet Money), TIME-AVAX LP Tokens etc. in the Wonderland pool. Due to this, the TIME crypto gets an intrinsic value which cannot fall below a certain point.
The TIME token developers claim on the website that their main aim is to build a currency that could be stable and consistent in its functioning. The developers aim to achieve price flatness for a representative basket of goods without the use of fiat currency.
Why is TIME token surging?
Although the exact reason for the TIME token surging is not known but it has been creating flutters in the market of late. On Wednesday, when the majority of the crypto market was seeing red, the TIME token registered a healthy 8.57% gains and a huge volume gain of 48.9%.
TIME crypto: A crypto that rewards stakers and minters
Operating on the Avalanche network, the TIME crypto offers rewards from staking with some of it also used to control the supply mechanism of the crypto token. The gain for stakers comes from their compounding balances, and any increase in token balance outpaces the potential drop in price. That means any price fluctuation due to inflation could result in stakers reaping rewards.
Minters, on the other hand, are rewarded to ensure the price consistency. The minters will have to commit a capital up front for which they are promised a fixed returns. The returns would be distributed in TIME tokens are distributed on the basis of TIME price when the minted TIME matures. So, any form of rise or static movement would ensure that minters have a bigger share of rewards.
How is TIME token faring?
Wonderland crypto is ranked 2740 on CoinMarketCap. At the time of writing (BST 2:00 pm), the TIME crypto was trading at US $8,578.19 with a 24-hour trading volume of US$140,457,857. Wonderland crypto has a fully diluted market cap of US $1,581,389,293 with a total supply of 184,350 TIME coins.
Market experts view the Wonderland crypto as a one for the long term. The experts predict as an investor, it would be wise to cash in on the rising trend and invest in a token that focusses on creating wealth. In the next five years, the TIME token is expected to grow by approximately +2575%, with its price potential to touch US $2600 by 2026.
