# Overview

![](https://3906446882-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M_QjdKEs8o4TmxuOR_3%2F-M_SCzJ4dxOSxnk6QeLt%2F-M_SDGFPAiM6r0wbXaoG%2FLogo.png?alt=media\&token=0f3611dd-40f7-4576-92fa-6a6fe0d24954)

## **About TimeWarp**

TimeWarp is a DeFi staking program for [TIME](https://coinmarketcap.com/currencies/chrono-tech/), the native token of the [Chrono.tech ecosystem](https://chrono.tech/ecosystem). By locking [TIME](https://coinmarketcap.com/currencies/chrono-tech/) token in the TimeWarp smart contract, it will generate regular staking rewards.

## **TimeWarp Mechanism**

[Chrono.tech](https://chrono.tech/) generates profits from business activities throughout its [ecosystem](https://chrono.tech/ecosystem) of products and services. A proportion of these profits will be used to buy [TIME](https://coinmarketcap.com/currencies/chrono-tech/) tokens from the open market, which will be stored in a dedicated wallet: the **Time Fund**. At regular intervals (currently once a week) these [TIME](https://coinmarketcap.com/currencies/chrono-tech/) tokens will be distributed between users who have staked their [TIME](https://coinmarketcap.com/currencies/chrono-tech/) tokens in the TimeWarp smart contract.

## Benefits for TIME holders

* Weekly staking rewards. [TIME](https://coinmarketcap.com/currencies/chrono-tech/) will be purchased from the open market using revenues generated by [Chrono.tech ecosystem](https://chrono.tech/ecosystem) projects and distributed to stakers.
* Potential increase in the value of [TIME](https://coinmarketcap.com/currencies/chrono-tech/) token due to the additional demand on the open market.
* Attractive benefits in [Chrono.tech services](https://chrono.tech/ecosystem), including [Premium](https://laborx.com/premium) Account status and Job mining for [LaborX](https://laborx.com/) users.