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TIME was launched in 2017 as an Ethereum ERC20 token with a total supply of 710,113 TIME. In June 2021, support for Binance Smart Chain (BSC) was added, with the launch of a BSC version of TIME and a trustless bridge between the two blockchains. Since September 2021 TIME is also avaliable on Polygon. The total supply remained the same.
TIME can be staked in the TimeWarp programme, earning regular rewards in proportion to the number of tokens locked in the smart contract and the length of time users commit to staking them. TIME distributed as rewards are purchased using a percentage of the revenues from Chrono.tech’s services, meaning there is constant demand for the token on the open market. Additionally, users can access Premium Account status on LaborX by staking TIME in TimeWarp. The larger the user’s stake, the higher Premium tier they receive. Premium users earn fee rebates and cashback through Job Mining, and enjoy several other attractive benefits.