TIME Token Usage

In this section, we detail the various ways the TIME token can be utilized and earned within **The Bank of Time** ecosystem. We have developed a range of products and services that not only enhance the convenience and accessibility of our platform for users but also contribute to strengthening the internal economy of the project.

1. The Bank of Time App

Serves as the core element of our platform, offering users easy access to managing their assets, including time tokenization, investments, and farming. The app will also be used for tracking personal time efficiency and accessing exclusive services.

2. Cross-Blockchain Development Bridge

The development of bridges enabling the transfer of TIME tokens across different blockchains will ensure its wide availability and liquidity, as well as expand opportunities for integration with other projects and platforms.

3. Proprietary DexAMM Exchange

Launching a decentralized exchange with an automated market-making (AMM) feature will allow users to swap tokens within the ecosystem without the need to venture into external markets, enhancing transaction convenience and security.

4. PoT (Proof of Time) Blockchain

An innovative blockchain operating on a Proof of Time (PoT) principle will form the foundation of our entire ecosystem, providing a reliable and transparent environment for transactions and interactions within the platform.

5. TIME User Dashboard

Will offer each user individual access to managing their assets, including statistics on earning and using tokens, as well as access to personalized offers and services.

6. TIME and Watch2Earn

An innovative program that allows users to earn TIME tokens by watching advertisements and participating in marketing campaigns, contributing to the growth and development of the ecosystem.

7. Social Projects

A unique social initiative aimed at supporting users who are striving to optimize their time and improve their quality of life. Various social works will be organized, where payment will be made in TIME tokens. These projects not only aim to provide tangible benefits to participants but also to foster a sense of community and collective advancement within the ecosystem.

Each of these products and services has been designed to maximize the utility of the TIME token within The Bank of Time ecosystem, creating value and opportunities for users at all levels. From individual time management to global financial operations, we aim to make the TIME token a versatile tool for a new generation of the time economy.

Detailed Process Description:

the amount of payment in TIME tokens (10 TIME and a bonus reward ) is specified on condition that TheBankOfTime accumulates the full amount of planned investments

1. Posting an advertisement:

- Customer: pays 10 TIME tokens to post an advertisement. These tokens are blocked on the platform until the order is completed.

- Contractor: posts an advertisement for free.

2. Completing the order:

- Contractor: finds the customer's advertisement and completes the order.

- Customer: finds the contractor's advertisement and completes the order.

3. Order completion (by contractor):

- Platform: confirms the order completion.

- Contractor: receives 10 TIME tokens from the customer + 0.01 TIME.

- Customer: receives the completed service + 0.005 TIME.

- Platform: burns 0.01 TIME token (0.1% of 10 TIME).

4. Order completion (by customer):

- Platform: confirms the order completion.

- Contractor: receives 10 TIME tokens from the customer + 0.005 TIME.

- Customer: receives the completed service + 0.01 TIME.

- Platform: burns 0.01 TIME token (0.1% of 10 TIME).

5. If the advertisement is not completed within a week:

- Customer: receives their blocked 10 TIME + a reward of 0.01 TIME tokens (0.1% of 10 TIME).

- Contractor: receives a reward of 0.005 TIME tokens (0.05% of 10 TIME).

Example Process:

1. Monday:

- Customer posts an advertisement, paying 10 TIME tokens.

- Tokens are blocked on the platform.

- Contractor posts an advertisement for free.

2. During the week:

- Contractors can view and complete the customer's advertisement.

- Customers can find and complete the contractor's advertisement.

3. If the order is completed by Friday (by contractor):

- Contractor receives 10 TIME tokens + 0.01 TIME.

- Platform burns 0.01 TIME token.

- Customer receives the completed service + 0.005 TIME.

4. If the order is completed by Friday (by customer):

- Contractor receives 10 TIME tokens + 0.005 TIME.

- Platform burns 0.01 TIME token.

- Customer receives the completed service + 0.01 TIME.

5. If the order is not completed within a week:

- Customer receives their blocked 10 TIME + 0.01 TIME tokens.

- Contractor receives 0.005 TIME if their advertisement does not find a customer.

- Advertisement remains active, and the process repeats until the order is completed.