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Time.fun Ends Creator-Token Platform to Launch New Crypto Social App

Founder Kawz confirmed the shift to an on-chain identity-driven platform with social incentives, following low user activity on the outgoing creator token system.

Summary

Time.fun will phase out its creator token platform, retaining only withdrawal and transfer capabilities until its full closure. Founder Kawz attributed the decision to low user engagement and demand. The company is transitioning to a new crypto-based social platform that emphasizes on-chain identity and social incentives, with the new app currently in closed beta testing.

Terms & Concepts
  • Creator Token: A blockchain-based digital asset representing a creator’s brand, used for engagement or monetization within a platform.
  • On-chain Identity: A verifiable digital identity stored and managed directly on a blockchain, enabling secure and transparent interaction.
  • Social Incentives: Rewards or mechanisms designed to encourage participation and engagement in social platforms, often implemented through blockchain or cryptocurrency features.