Top 5 Alpha Shiba Inu Competitors & Alternatives

DeFi

Ethereum , Polygon

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435

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Polygon

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532

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Polygon

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553

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Polygon

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602

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Asset tokenization is changing the way we perceive and trade financial resources. In the world of crypto-assets, tokens synthesize a wide range of real assets in digital format. However, are there limits to what can be tokenized? After some experience as investors and developers in DeFi, we noticed that time is a valuable resource that is practically neglected in the tokenization process. We realized that it is possible to transform time into a tangible asset and generate value for it. However, there are some problems to consider, as we are dealing with a theoretically inflationary resource whose value is quite relative. We present an ERC-20 token, called TIME, which seeks to represent time in its tokenized form and solve some relatively common economic problems related to this procedure. With TIME, we turn time into an easily tradable asset in the DeFi environment, opening up numerous business possibilities, from receivables anticipation to time banking markets and universal basic income. The TIME token has some interesting characteristics. One of them is that it does not have a fixed total supply but is offered according to its production. The production of tokens by a wallet is linked to the time between asset production intervals. When a user activates their wallet and starts asset production, the number of tokens generated will be proportional to the time elapsed between these two events. Moreover, the TIME token contract offers incentives to producers on the units produced. Every time a swap is made directly in the contract, a portion of the fees (in the native cryptocurrency of the network) is distributed among all holders of the asset and can be claimed at any time. With TIME, we have created a new way of doing business by turning time into money. Have you thought about the potential applications?

Community , DeFi

Arbitrum , BNB Chain , Ethereum , Evmos , Fantom , view 2 more

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557

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